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...
Netflix, Tesla, Bank of America, in Spotlight Ahead of Earnings Reports
Investors have shifted their focus to the likes of Netflix, Tesla, Goldman Sachs, and Bank of America as a busy week of quarterly earnings reports is expected to get underway.
These earnings results are expected to provide some guidance on the direction of the U.S....
Tesla to Use New Batteries in Semi-Heavy Electric Trucks and Affordable Vehicle
Tesla Inc revealed on Thursday its plan to use cheaper, iron-based batteries in its semi-heavy electric trucks as well as a new affordable electric car.
Chief Executive Elon Musk has long stood behind the decision to use cheaper lithium phosphate (LFP) battery technology, announcing...