Elon Musk spent 30 minutes expounding on space exploration, declining birth rates, free speech, and artificial intelligence in space, at a much-anticipated appearance at the 27th annual Milken Global Conference. Basically, everything except for Tesla (TSLA). Not once did the tech billionaire mention his famed EV maker, or X, formerly known as Twitter, or the
The latest layoffs at Tesla (TSLA) this week cut close to the bone of the EV pioneer’s big competitive advantage — its ubiquitous Supercharger network. As first reported by EV blog Electrek, Tesla laid off nearly the entire Supercharger organization, which was responsible for the build-out of its best-in-class charging network. Major automakers recently signed
Down 35% year to date, Tesla‘s (NASDAQ: TSLA) stock has been in a tailspin as challenges like high interest rates and softening electric vehicle (EV) demand weigh on its business performance. That said, investor sentiment seems to be improving following the company’s first-quarter earnings call, when CEO Elon Musk outlined his vision for the future.
Tesla (NASDAQ: TSLA) didn’t have a lot of good news to share with investors in its first-quarter earnings report this week. As the company said in its summary, challenges including the Red Sea conflict, an arson attack at its factory in Berlin, and the ramp-up of its updated Model 3 all added to costs and
Tesla (TSLA) reported first quarter results that missed analyst estimates on both the top and bottom lines. Adjusted earnings per share of $0.45 fell short of the $0.52 Wall Street was expecting. Revenue of $21.3 billion fell short of the estimated $22.3 billion. Operating income also missed, $1.17 billion versus the $1.53 billion estimate. However,
Tesla (TSLA) stock jumped in post-market trading after the company said it would accelerate the launch of more affordable vehicles. “We have updated our future vehicle line-up to accelerate the launch of new models ahead of our previously communicated start of production in the second half of 2025,” Tesla said in its first quarter shareholder
Tesla (TSLA) is likely in for some fresh legal entanglements after recommending stockholders vote to reinstate CEO Elon Musk’s multi-billion-dollar compensation package — no matter what the final tally reveals at the company’s June annual meeting. “I think regardless of whether the vote is approved or not, it’s going to be challenged in the Delaware
Tesla knocked $2,000 off the prices of three of its five models in the United States late Friday, another sign of the challenges facing the electric vehicle maker led by billionaire Elon Musk. The company cut the prices of the Model Y, a small SUV which is Tesla’s most popular model and the top-selling electric
Hong Kong stocks struck two-month low as investors were rattled by reports of Israeli missiles hitting Iran, and the heightened Middle East tensions triggered a scramble for safe haven assets. The Hang Seng Index lost 1.2 per cent to 16,184.02 at the local noon trading break, the lowest level since February 19. The Tech Index
Tesla (TSLA) shares fell 2.7% on Tuesday to their lowest closing level in nearly a year. Shares are now down 8.3% to open the week after the company announced a “more than 10%” staff reduction early Monday. The continued stock slide for the EV maker follows new revelations of deeper cuts to certain divisions in