Tesla's recent profit largely depends on gains from Elon Musk's other company, SpaceX, rather than its core business, which showed a weak 1.4% operating margin on $28.2 billion revenue. Despite a quadrupling of Texas registrations for Tesla's autonomous vehicles, only about twenty cars are actually driving unsupervised, falling short of expectations for driverless technology. The downgrade to sell reflects concerns over the slow growth of the driverless fleet and the underlying business performance. Investors will watch closely into late October to see if the driverless fleet expands and if SpaceX's stock performance improves, which could reverse the downgrade.
US stocks face pressure from rising oil prices, new tariffs, and higher Treasury yields, causing volatility and weak tech sector performance. The Dow Jones remains bullish above 50,000 with a potential rally to 55,000 if it breaks 52,500, supported b...
Tesla shares dropped 18% this week, marking their worst weekly decline since 2022, following weaker-than-expected Q2 earnings and negative cash flow due to heavy spending on new projects. SpaceX shares fell about 7%, continuing a downward trend since...
Shares of major tech companies, including Alphabet and Tesla, dropped sharply after both announced increased capital expenditures focused on AI infrastructure. Alphabet plans to spend $200 billion this year, up from $190 billion, aiming to enhance AI...
Tesla reported Q2 earnings with revenue beating expectations but earnings per share missing consensus, leading to a 14.5% stock drop. The bearish options trade on Tesla has captured most potential gains, suggesting investors consider closing the posi...
Tesla reported Q2 FY2026 earnings showing an 8% rise in automotive revenue but a sharp 14.7% stock drop due to investor concerns over its strategic shift from car manufacturing to becoming an AI-focused company. The company plans over $25 billion in ...
