Tesla Q3 Deliveries Miss Estimates
Electric Vehicle (EV) automaker Tesla missed market estimates for its deliveries in the third quarter. After reducing production because of planned factory shutdowns, the company delivered 435,059 vehicles in Q3, falling short of Wall Street estimates of 454,100 vehicles according to 19 analysts polled...
Tesla Slashes Prices in China in Sales Push
Tesla announced on Wednesday that it has slashed the prices of its Model S and Model X cars in China by as much as 6.9%. This comes after concerns emerged about the EV maker's profit margin in the Chinese market.
A post from Tesla on...
Tesla Stock Surges After Giga Austin Plant Produces the First Cybertruck
Electric vehicle maker Tesla announced on Sunday that their production facility in Giga Austin made the first Cybertruck pickup. The news caused the company’s shares to its highest mark in almost a year.
Tesla unveiled Cybertruck back in November 2019 and received 250,000 preorders in...
Tesla Stock Extends Gains to 13th Straight Session
Tesla stock embarked on a record 13th consecutive daily rise on Tuesday, with shares skyrocketing by 41% since the start of the winning streak. The electric car manufacturer's rise in is line with the general market trajectory on the back of cooling inflation.
This rise...
Tesla Shares Drop After Disappointing First-Quarter Earnings Results
Electric vehicle maker Tesla reported disappointing first-quarter earnings results on Tuesday that saw the company miss out on total gross margin estimates. This sent the company’s stock on a downward trajectory in after-hours trading and a dip of more than 4%.
Tesla reported revenue of...
Tesla Sets New Record for Deliveries But Misses Wall Street Estimates
Electric car maker Tesla released its Q1 production and delivery report over the weekend, which showed a record number of deliveries for the company. However, this still wasn’t enough for the company to meet the Wall Street estimates.
According to the report, Tesla delivered 422,875...