Musk’s announcement was aimed at calming nervous investors on Wall Street who were still trying to digest the company’s most recent earnings report.
Earnings miss notwithstanding, momentum continued to build for Tesla's stock, which was rallying 11% in after hours trading. That's in large part because the EV maker said it plans on adding to its lineup and marketing a cheaper EV as early as next year, while investing in robotaxis as well. These
DETROIT >> Elon Musk’s abrupt decision to lay off employees who ran Tesla’s electric vehicle charging business blindsided automakers gearing up to equip new EVs for customers to use the Tesla Supercharger network, industry officials and analysts said on Tuesday.
Tesla's sales are down. It's slashing car prices and laying off staff. Yet CEO Elon Musk remains bullish on a future that's self-driving and battery-powered.
Tesla CEO Elon Musk continues to promise investors that autonomy is in the company's future even as financials deteriorate.
(Bloomberg) -- Elon Musk’s underlings at Tesla Inc. are accustomed to chaos. It comes with the territory of working for a chief executive who sets exacting targets and often abruptly switches directions — whose biographer describes his more intense moods as “demon mode.”Most Read from BloombergElon Musk’s Robotaxi Dreams Plunge Tesla Into ChaosTikTok to Remove Executive Tasked With Fending Off US ClaimsTrump Has Only $6.8 Million for Legal Fees With Trial UnderwayTesla Spends Weekend Cutting...
Stock market futures are indicating a lower open today. The S&P 500 futures are down by 22 points, or 0.5%, Nasdaq 100 futures have dropped 123 points, or 0.7%,
Tesla did not respond to requests for comment
The move comes after the firm reported a sharp fall in deliveries in the first three months of 2024.
Tesla shares surged 12% on Wednesday after CEO Elon Musk said the company plans to produce new affordable EV models by early 2025.
China's dominance in EV and battery production is a pivotal factor in Tesla's ascent as the world's premier electric vehicle manufacturer. This is underscored by Tesla CEO Elon Musk, who recently emphasized the Super Power's increasing importance for his company. Despite this, India's potential for EV development remains a compelling prospect.Just a week after delaying his visit to India, Musk prioritised China, traveling to Beijing to advocate for Full Self-Driving technology. This trip...
Investing.com -- U.S. stock futures tick broadly higher ahead of a fresh