During Tesla's earnings call, Elon Musk declined to discuss a potential merger between Tesla and SpaceX, citing the need for proper procedures. He acknowledged increasing overlap between the companies, highlighting Starlink's integration into Tesla vehicles and a joint AI chip venture. Tesla beat revenue expectations but missed earnings estimates and reported negative free cash flow for the first time in over two years. Analysts continue to speculate on a possible merger by 2027, given the growing synergies and Musk's efforts to integrate his companies.
Tesla announced that its robotaxi fleet has driven over 380,000 miles without any notable safety incidents across six cities in two states. The company emphasized the safety of its camera-based autonomous driving system, rejecting the need for lidar ...
Tesla reported second-quarter revenue that exceeded analyst expectations, highlighting strong underlying business performance. Despite criticism over its AI capital expenditures, these investments are seen as a strength supporting Tesla's ambitious r...
Tesla reported solid revenue in Q2 driven by strong auto sales amid rising gas prices in the U.S. However, its earnings missed analyst estimates by a wide margin. The company's short-term gains contrast with its long-term focus on autonomous driving ...
Tesla announced it will no longer reach volume production for its Cybercab, Tesla Semi, and Megapack 3 in 2026, shifting focus to increasing battery production, especially the 4680 cell. The company is still building manufacturing lines for these pro...
Tesla reported Q2 revenue of $28.24 billion, beating estimates by 7%, driven by a 23% rise in automotive sales and record services gross profit. However, adjusted earnings per share fell 18% to $0.33, missing forecasts due to shrinking gross and oper...
