Tesla is about to share its second-quarter results, and experts are not too optimistic. The company's car deliveries dropped by 14% last month, and analysts think earnings might fall by 21% from last year. They expect revenue to be down by over 11% too. This follows a first quarter where car sales dropped by 20%, and total revenue fell by 9%. Tesla's stock hit a low ...
Elon Musk, the head of Tesla, recently shared some big news. He plans to spend much less time working with the government. This change will start next month. He wants to focus more on Tesla, especially after the company had a tough quarter. During a meeting with Tesla investors, Musk talked about his future plans. He said he will still help with government stuff. Bu...
Tesla, the electric vehicle company, has been facing some serious challenges lately. In the first three months of the year, their profits took a massive hit, dropping by 71%. This isn't great news, especially when you consider that Tesla's CEO, Elon Musk, has been quite busy with other things. He's been a key figure in President Trump's administration and has been qu...
Tesla is set to release its first-quarter earnings soon, and investors are buzzing with questions. The company has had a rough year, with its stock plummeting more than 40%. This drop is partly due to disappointing delivery numbers and a dip in popularity. Analysts expect earnings per share to be around $0. 41 and revenue to hit $21. 345 billion, but these estimates ...
One of Tesla's biggest fans on Wall Street thinks it's time for Elon Musk to change how he talks about his electric car company. With Tesla getting ready to share its earnings after the bell on Tuesday, Wedbush Securities analyst Dan Ives thinks Musk needs to use this moment to turn things around. The company has had a tough year, with sales dropping and its stock pr...
Tesla recently shared its financial report for the last quarter of 2024. The company, under the leadership of Elon Musk, saw a significant drop in profits. Compared to the previous year, Tesla's earnings fell from $7. 9 billion to $2. 3 billion, a notable decline. However, it's essential to remember that 2023's high profit included a substantial one-time tax benefit ...
Tesla's fourth-quarter earnings report wasn't what Wall Street expected. They made about $25. 71 billion, which was less than the predicted $27. 22 billion. This news caused their stock to drop by about 4%. The company's been facing tough competition from cheaper electric cars, especially from China's BYD, which took the top spot in the last quarter of 2023. Despite...
Tesla Inc. (NASDAQ: TSLA) has been making waves lately. Its third-quarter earnings report was a big hit, sending its stock prices soaring. The company beat its earnings per share (EPS) estimates by a solid $0. 12, with non-GAAP EPS coming in at $0. 72. This isn't surprising for those who follow the company closely. Tesla has been consistently delivering impressive re...
Investors had a rollercoaster day as the Dow Jones Industrial Average plunged over 200 points, while the Nasdaq Composite Index soared. This happened because Tesla's earnings report was a pleasant surprise. Tesla's stock jumped by 20% after the company announced better profits than expected. This is the first time in nearly two years that Tesla has seen growth in its...
Elon Musk, the CEO of Tesla, saw his net worth jump by a whopping $26 billion in just one day. This massive increase came after Tesla’s stock had its best day since 2013, making Musk even wealthier. He now has an estimated net worth of $269 billion, which is more than $50 billion more than his friend and former Tesla board member, Larry Ellison. Musk owns a signific...