Electric-vehicle (EV) stocks have cooled from their late-2023 highs, and especially since then, Tesla (TSLA) has been under particular pressure. After an AI-driven rally, Tesla’s core auto business has faced mounting headwinds, especially in China. Those pressures are now showing up clearly in recent sales data, highlighting just how quickly the competitive landscape is shifting. For…
The Boring Company is gearing up to tackle one of its toughest projects yet, a new tunnel system beneath Nashville’s notoriously tough limestone terrain. Unlike the soft-soil conditions of Las Vegas and Austin, the Music City Loop will require a “hard-rock” boring machine capable of drilling through dense, erosion-resistant bedrock. The Boring Company’s machine for…
Shares of electric vehicle pioneer Tesla (NASDAQ:TSLA) fell 5.5% in the morning session after the stock’s negative momentum continued as reports surfaced of a dramatic drop in its China sales for October. The electric vehicle maker’s sales in China plunged to 26,006 vehicles, a three-year low that represented a 36% drop from the previous year…
A Tesla (NASDAQ: TSLA) analyst is doubling down on the idea that one common earnings narrative is losing importance as the company continues to work toward new technologies and projects. This week, Tesla will report earnings for the third quarter, and one thing people always pay attention to is deliveries. Although Tesla reveals its deliveries…
Shares of electric vehicle pioneer Tesla (NASDAQ:TSLA) fell 3.3% in the afternoon session after the company unveiled a more affordable, stripped-down version of its Model Y, which disappointed investors who had hoped for an entirely new vehicle. The move followed a 5.5% gain in the previous trading session, which was fueled by speculation over a…
Tesla has published a video highlighting Elon Musk’s new CEO Performance Award, which is expected to take the company all the way to a market cap of $8.5 trillion. Musk’s pay package will be voted on by Tesla shareholders at the company’s upcoming annual meeting of stockholders this coming November 6. Tesla’s proposal In its…