Tesla's stock takes a nosedive after earnings miss! ๐๐ธ What's next for Elon Musk's EV empire? #Tesla #Stocks #ElonMusk
Tesla's latest financial results have sent shockwaves through Wall Street. The electric vehicle behemoth saw its profits plunge by over 40% in the second quarter compared to last year. As the competition in the EV market heats up, Tesla is feeling the pressure. This intense rivalry has sparked significant concerns among analysts and investors, leading to a sharp 12% drop in Tesla's shares after the earnings report was released.
Elon Musk's company revealed that its automotive revenue dropped by 7% year-over-year, amounting to $19.9 billion for the June quarter. Despite struggling financially, Musk maintains his optimism, encouraging stakeholders to believe in Tesla's potential to solve vehicle autonomy. However, several analysts were quick to reassess their price targets for Tesla stock, reflecting the mixed reactions to the company's Q2 performance. Some analysts emphasized that Tesla is not a
Telsa profit in the second quarter plunged more than 40% from a year ago, as the electric vehicle company has faced both more EV competition from ...
Elon Musk's electric vehicle company reported that automotive revenue declined 7% year on year in the June quarter to $19.9 billion, while its adjusted earnings ...
Tesla stock got several price target cuts and a downgrade after the EV giant's earnings miss. Tesla is not a "Trump trade," an analyst noted.
"Anyone who doesn't believe that Tesla will solve vehicle autonomy" should not hold the stock, said CEO Elon Musk.
The automaker's profit dropped 45% compared to a year earlier.
Tesla shares fell, after quarterly results from the electric-vehicle maker undershot expectations for earnings and free cash flow. The company's profit fell ...
Tesla reported mixed second quarter results after the bell on Tuesday, though the EV maker did say it was on track for production of new vehicles, ...
Shares of Tesla fell 12% in early trading on Wednesday after an earnings release showed slumping profits in the face of strengthened competition and sluggish ...
Wall Street is looking for Ford Motor to report an operating profit of $3.7 billion and earnings per share of 68 cents from sales of $47.8 billion, ...
Tesla reported mixed second quarter results after the bell on Tuesday, though the EV maker did say it was on track for production of new vehicles, ...
Musk remains the richest person on Earth even after losing the equivalent of the 113th-wealthiest person's entire fortune in one morning.
Shares of Tesla, AT&T, Visa and Google parent Alphabet fell after earnings. Follow along for updates on stocks and markets, including the Dow Jones ...
Tesla (TSLA -10.73%) stock fell 11% through 11:45 a.m. ET Wednesday after the company badly missed analyst forecasts for earnings Tuesday night.
The tech-heavy Nasdaq sank 1.8%, the S&P 500 fell 1.1% and the Dow Jones Industrial Average declined 0.3% within 15 minutes of market open. The losses followed ...
Tesla reported mixed second quarter results after the bell on Tuesday, though the EV maker did say it was on track for production of new vehicles, ...
Tesla shares tumbled Wednesday, a day after the company reported disappointing earnings, with some analysts focusing on weak operating margins and others ...
U.S. stocks had their worst day since 2022 Wednesday amid a broad pullback in tech companies as Wall Street traders sought to reduce their exposure to firms ...
Tesla (NASDAQ: TSLA) stock fell 11% through 11:45 a.m. ET Wednesday after the company badly missed analyst forecasts for earnings Tuesday night.
Tesla shares tumbled 12% on Wednesday, evaporating almost $100 billion in stock market value after CEO Elon Musk's talk of humanoid robots and driverless ...
The index fell 2.3 percent after disappointing earnings reports from Alphabet and Tesla. The Nasdaq composite fell 3.6 percent.
Stocks fell Wednesday as investors were underwhelmed by quarterly reports from megacap tech companies Alphabet and Tesla.