Shares of Tesla (NASDAQ:TSLA) were higher in trading Thursday after the EV maker denied a Wall Street Journal report that its board was searching for a replacement for chief executive Elon Musk. The report, citing comments from sources familiar with the discussions, said that Tesla’s board members reached out to several executive search … Read more
Sales of Tesla cars in France plunged 59 percent in April, piling on more bad news for the electric vehicle company run by Elon Musk, the billionaire advisor to US President Donald Trump. French car body PFA, which compared registration figures from April with the same month last year, also said that since the beginning … Read more
Three stocks that traded higher last Friday are still hot today. Charter Communications (CHTR) gained 11.43% on April 25 after posting first-quarter results. The firm is forecasting $12 billion in capital expenditures this year. Charter grew its Spectrum Mobile lines by over 500,000 in Q1. The firm benefited from stronger customer growth, offsetting … Read more
Automakers and tech developers testing and deploying self-driving and advanced driver-assistance features will no longer have to report as much detailed, public crash information to the federal government, according to a new framework released today by the US Department of Transportation. The moves are a boon for makers of self-driving cars and the wider vehicle … Read more
Most of you would probably have known for a long time that Xiaomi also builds electric vehicles. You would also have noticed that these sporty EVs are currently only available in China and not anywhere else in the world. However, this situation is likely to change in just a few years. As the Japanese business newspaper … Read more
Tesla sees India’s 100 percent import tariffs on cars making customers anxious, and the carmaker is still assessing when to enter the “very hot” market even as those concerns linger, its chief financial officer said on Tuesday. Tesla has long wanted to sell in the world’s third-largest car market, but high tariffs, which its chief Elon Musk has said are among the steepest in the world, have been … Read more
Investors in the electric vehicle and lithium mining sector will watch Tesla (TSLA) today. The firm posted earnings per share of $0.27 (adjusted). This did not meet the 39-cent consensus estimate. Tesla’s revenue fell by 9% Y/Y, hurt by automotive revenue falling by a concerning 20%. The company’s board members will need to … Read more
Zeyi Yang: Yes, she is. Zoë Schiffer: Can you talk to me about that relationship? And also, what is Tesla’s standing like in China? Is it viewed as a popular, cool car still? Zeyi Yang: It’s still sort of, because for the longest time, Chinese auto brands have been seen as much inferior than foreign … Read more
Elon Musk will significantly scale back his Trump administration work in May to focus on Tesla, the billionaire announced Tuesday as the electric vehicle maker reported a 71 percent drop in first-quarter profits. “Probably in the next month, my time allocation to DOGE will drop significantly,” Musk said at the outset of an earnings conference … Read more
Tesla shares sank nearly six per cent on Easter Monday, leaving investors braced for what analysts have called a “code red” moment for Elon Musk’s firm ahead of its first quarter earnings announcement. The electric vehicle (EV) giant is facing mounting concerns over failing sales, geopolitical headwinds and evolving … Read more