In the midst of perhaps the worst year in the company’s history, Tesla finally has some good news to tout. Despite a prolonged sales slump throughout much of Europe of late, Norway has stuck by the embattled electric vehicle powerhouse, CNBC reported. The Scandinavian country has actually recorded a 54% increase in year-over-year Tesla purchases…
US stock futures were mixed after Google-parent Alphabet (GOOG) and Tesla (TSLA) reported earnings. Futures attached to the tech-heavy Nasdaq 100 (NQ=F) rose 0.4%, while futures attached to the Dow Jones Industrial Average (YM=F) slipped 0.3%. Futures attached to the benchmark S&P 500 (ES=F) wavered around flatline. Google beat Wall Street’s second-quarter earnings expectations and…
Tesla CEO Elon Musk just confessed that he thinks his 13% ownership stake in the electric vehicle manufacturer leaves him vulnerable to activist shareholders who could move to oust him from the $1 trillion company. Still, he admitted he shouldn’t have so much control over Tesla that the board can’t fire him if he goes…
Tesla wants to bring its robotaxi service to new markets, including cities in Florida, Nevada, Arizona, and California, Elon Musk said in an earnings call Wednesday. The company is testing its Full Self-Driving (Supervised) feature in Europe and China, and hopes the launch the controversial product in the near future. And it is plotting a…
Elon Musk is known for disrupting industries and speaking his mind, especially when it comes to traditional business icons like Warren Buffett. Over the years, Musk has repeatedly taken jabs at the legendary investor, calling his style of capital allocation “boring” and questioning the relevance of reading financial reports all day. But beneath the surface…
Tesla sales continued to go down in Europe in the first half of the year. The American EV maker recorded a 33% year-over-year drop in sales from January to June. Meanwhile, traditional automakers have charged ahead with solid gains in the region. The numbers are in, and it’s not looking good for Tesla in Europe….
A total of 41,138 Teslas were registered in California last quarter. (David Paul Morris/Bloomberg) [Stay on top of transportation news: Get TTNews in your inbox.] The number of new Tesla Inc. vehicles registered in California fell once again as the company continued to lose ground in the largest U.S. market for electric vehicles. A total…
Tesla CEO Elon Musk (Photo by Patrick Pleul / POOL / AFP) (Photo by PATRICK PLEUL/POOL/AFP via Getty … More Images) POOL/AFP via Getty Images Tesla’s reputation crisis is deepening, according to a new report from EV Intelligence that says Tesla now has the lowest net positive perception among all EV brands and the highest…
Topline Anticipated earnings reports from the world’s largest stocks boosted the S&P 500 and Nasdaq to new all-time highs Monday, marking the latest records for both indexes in recent weeks, though one analyst warned investor optimism might be short-lived as others say AI firms could propel the rally even more. One analyst warned of “intense…
NEW YORK (AP) — U.S. stocks are rising toward more records on Monday ahead of a week full of profit updates from big U.S. companies, which Wall Street expects to keep growing despite pressure from President Donald Trump’s tariffs. The S&P 500 was 0.6% higher in afternoon trading and above its all-time high set on…