Tesla's stock dropped over 23% since Michael Burry revealed his short position at $416.22, falling to $319.69 after a weak Q2 earnings report. Despite beating revenue expectations, Tesla's earnings per share missed forecasts and margins shrank, fueling bearish sentiment. Burry's other short bets on Caterpillar and Applied Materials also saw significant declines, while his short on Nvidia lost value as the stock rose. This highlights Burry's successful contrarian bets amid market volatility.
Tesla and SpaceX, Elon Musk's major companies, lost over $360 billion in market value last week. Tesla's stock fell 16.18% after a disappointing earnings report with an earnings per share (EPS) miss, despite higher-than-expected revenue. SpaceX's sha...
Leveraged ETFs linked to Tesla and other key stocks saw sharp declines due to market pressures including earnings anticipation, rising short interest, corporate actions like reverse stock splits, and legal investigations. Tesla-related ETFs dropped n...
Recent U.S. economic data shows cooling inflation and resilient consumer spending, easing concerns and shifting Wall Street's focus to Q2 earnings from major tech companies like Alphabet, Tesla, and IBM. These earnings will provide insight into AI sp...
Tesla and CEO Elon Musk appear to be losing interest in the robotaxi initiative, with momentum in this business stalling. This shift raises doubts about the near-term commercialization of Tesla's robotaxi service, which had previously been a key part...
Tesla's rating was downgraded from Strong Buy to Buy, with the long-term price target lowered from $927 to $577 per share. Despite stronger operating momentum in Q2 2026 and progress in Full Self-Driving (FSD) and Robotaxi projects, profitability did...
