Tesla’s (TSLA) recent stellar earnings performance, marked by a remarkable 22% single-day surge that added nearly $150 billion to its market value, has thrown the electric vehicle (EV) market back in the spotlight. www.barchart.com The company’s Q3 2024 results easily exceeded expectations, with earnings per share reaching $0.72, significantly beating analysts’ estimates of $0.58. Most notably,…
Topline Tesla shares built on their historic Thursday rally as the electric vehicle maker closed the week on a high note, the latest twist in the ever-volatile stock market action for the firm helmed by Elon Musk, the world’s richest man. A Tesla Cybertruck at a car show in Paris earlier this month. © 2024…
Tesla is arguably one of the most advanced AI companies in the world, yet its stock is dictated by margins. Over the past three years, Tesla’s average gross profit per vehicle has declined by 60%, falling from more than $14,400 in Q3 2021 to less than $6,000 in Q2 2024, highlighting the difficulty Tesla has…
Topline The world’s richest person got much richer Thursday as Tesla CEO Elon Musk enjoyed a major rally for Tesla stock after the electric vehicle company’s latest earnings report encouraged Wall Street. Tesla CEO Elon Musk, center, is more than $50 billion richer than anybody else. AFP via Getty Images Key Facts Tesla’s share price…
Topline Tesla delivered stronger third-quarter profits than Wall Street expected Wednesday, as Elon Musk’s electric vehicle maker reported its first year-over-year bottom line growth of 2024 much to investors’ delight. Tesla CEO Elon Musk appears at a town hall in Pennsylvania supporting Donald Trump. Getty Images Key Facts Tesla brought in $0.72 in adjusted earnings…
It’s already Wednesday, but the market still has a long way to go until the weekend as earnings season resumes with Tesla (TSLA) reporting third quarter results after today’s closing bell. Morning Brief Madison Mills and Seana Smith cover the biggest stories and market movers heading into the session open. Bloomberg Intelligence senior aerospace defense…
In This Story The Dow Jones Industrial Average and other major indexes opened lower on Wednesday as the yield on the benchmark 10-year U.S. Treasury note continued its upward climb, reaching 4.23%—a level not seen since July. However, there was some relief for investors as oil prices eased, with West Texas Intermediate (WTI) futures trading…
Investors are bracing for another jam-packed day of earnings results. Tesla (TSLA) is set to kick off “Magnificent Seven” earnings after the closing bell. Wall Street is digesting the latest earrings from Boeing (BA) as its striking workers head into a critical vote on a tentative labor agreement. Coca-Cola (KO) is also out with its…
Electric vehicle powerhouse Tesla (TSLA) will report its third quarter earnings results tomorrow, Wednesday, October 23. It is the first member of the Magnificent Seven to report earnings this season. Tesla’s discounting on EV models, especially in European and Chinese markets, could weigh heavily on this past quarter’s results. Yahoo Finance special reporter Akiko Fujita…
Tesla (TSLA) has underperformed over the past few weeks following a disappointing production report and negative market reactions to its long-awaited Robotaxi event. As the company prepares to report its Q3 earnings results next week, I maintain a Hold stance on TSLA. I believe that as the market’s attention increasingly shifts to the bottom line,…