In July, Tesla's sales in China remained robust with 93,579 units sold locally and 66,330 units exported from its Shanghai plant, despite a 3.9% drop in overall EV sales in the country. This contrasts with a 20.9% decline in total passenger car sales in China and poor performance by rival BYD. Tesla's global sales, including strong markets in the US and Europe, suggest optimism for its third-quarter performance. Factors like high gas prices and US tariffs on Chinese EVs may further support Tesla's market position amid fluctuating global EV demand.
Tesla is promoting itself as an AI company with projects like Robotaxi and Optimus robots, but its financials tell a different story. The company reported a 56.88% drop in operating income and negative free cash flow due to soaring capital expenditur...
Tesla historically posts strong gains in calendar week 37, averaging a 4.5% rise over 15 years, outperforming major tech peers. This comes after a recent 6% drop following its Cybercab robotaxi event, which faced negative investor reaction and a safe...
Tesla's stock fell 6% following a Cybercab update event that failed to excite investors. The Cybercab, a driverless robotaxi in production since April, was showcased in a private event without CEO Elon Musk. The National Highway Traffic Safety Admini...
Tesla's stock dropped more than 7% following a disappointing Cybercab launch that lacked key details like pricing and order mechanisms. Analyst Gordon Johnson from GLJ Research reiterated a 'Sell' rating and set a 12-month price target near $24, impl...
Tesla held a low-key event to introduce its Cybercab, a fully autonomous vehicle relying solely on cameras and AI, aiming to be more affordable than competitors like Waymo. Key details include restrictions on children under 13 riding in the Cybercab,...
