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Tesla Profit Hit by Weak EV Sales
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Stocks rose Wednesday, with the S&P 500 setting an intraday high, as the U.S. and Japan reached a trade agreement and Wall Street looked ahead to earnings reports later in the session from Tesla and Alphabet.
Shares of the EV maker pared losses and traded close to flat in afterhours trading, following results that showed net income plunging 16% and automot
Tesla's earnings are due today with an investor call at 5:30 p.m. ET. Elon Musk's politics have rocked TSLA stock, with shares down 18% YTD.
US stocks climbed on Wednesday after the US struck a trade deal with Japan, lifting hopes for further tariff pacts as Wall Street got ready for Tesla (TSLA) and Alphabet (GOOGL, GOOG) earnings. The Dow Jones Industrial Average (^DJI) rose more than 1%,
Explore Tesla, Inc.'s Q2 with insights on demand concerns, expiring EV tax credits, and a premium valuation amid weakening fundamentals. Click for my TSLA update.
Tesla has normally been a good investment. While it hasn't always outperformed the market, the automotive stock has generated returns of around 1,700% over the past decade, while the S&P is up around 200% over that time frame. Tesla's good years have more than outweighed the bad ones during that stretch.
Tesla Inc.’s core car-making business is facing a deteriorating outlook, providing a major test of Chief Executive Officer Elon Musk’s ability to lift the stock price with his vision
A dynamic is emerging among Elon Musk’s Tesla, SpaceX, and xAI, fueling talk of consolidation. That isn’t necessarily a problem for Tesla shareholders.