Tag Archives: Tesla

Investors clamouring for a budget Tesla just got more intel about it. The EV giant’s CEO, Elon Musk, said on Wednesday that Tesla’s long-awaited affordable model will resemble the Model Y. Musk was speaking to investors in Tesla’s latest earnings call when an analyst asked for more details about the budget-friendly EV Musk has long been touting. “It’s just a …

Owners of Tesla cars will be able to add their vehicles to the company’s robotaxi network sometime next year, Elon Musk said on the company’s quarterly earnings call on Wednesday, potentially allowing hundreds of thousands of customers to make money by remotely renting out their cars as self-driving cabs.  “I’d say confidently next year,” Musk, the CEO of Tesla, said …

Bloomberg/Getty Tesla has said it will build cheaper cars and win approval for its self-driving software in Europe this year after seeing sales fall at the sharpest rate for a decade. Elon Musk’s electric car firm told investors it had started “first builds of a more affordable model in June” while posting a slump in car deliveries and shrinking profits. …

Tesla CEO Elon Musk just confessed that he thinks his 13% ownership stake in the electric vehicle manufacturer leaves him vulnerable to activist shareholders who could move to oust him from the $1 trillion company. Still, he admitted he shouldn’t have so much control over Tesla that the board can’t fire him if he goes “crazy,” he said during an …

“Elon definitely snapped,” Jamel Bullock says, conveying a compliment of high praise, a cultural colloquialism. A Silverlake-based design creative who works in fashion and tech, Bullock bought a Model 3 a couple of months ago and considers it “the best car of all time.” Overall, he says, the diner experience is what LA needs and will make for a great …

Musk Warns That Tesla Faces a ‘Few Rough Quarters’ Ahead  Bloomberg.com Tesla earnings show ongoing fallout from Musk’s broken alliance with Trump  The Washington Post Elon Musk warns of ‘rough quarters’ ahead for Tesla after Trump cancels EV incentives  Financial Times Tesla likely faces ‘a few rough quarters’ from end of US EV support, Musk says  Reuters A big problem for Tesla isn’t getting …

CNN  —  Tesla’s troubles continued Wednesday as the company reported a double-digit drop in adjusted earnings for the second quarter, a fall that followed a record sales drop in the same period. The company’s adjusted net income, the measure most closely followed on Wall Street, fell $419 million from one year ago to $1.4 billion. That’s a 23% drop – …

Tesla earnings show ongoing fallout from Musk’s broken alliance with Trump  The Washington Post Elon Musk warns of ‘rough quarters’ ahead for Tesla after Trump cancels EV incentives  Financial Times Tesla likely faces ‘a few rough quarters’ from end of US EV support, Musk says  Reuters Tesla’s quarterly results: what are investors and fans looking for?  Yahoo Finance A big problem for Tesla isn’t …

General Motors and its legacy auto industry peers need a bold strategy for the future if they ever want investors to rethink their growth prospects, investment bank Piper Sandler warned on Tuesday. Otherwise their collective tinkering around on the edges with cost cuts here and inventory changes there amount to little more than rearranging the deck chairs on the Titanic, …

After claiming a return to electric vehicle delivering growth in 2025, Tesla (TSLA) has now all but admitted that it won’t happen and has fully given up on providing guidance. Tesla has consistently grown its electric vehicle deliveries every year for the past decade, until the growth stalled in 2024. In January 2025, Tesla was confident in predicting that it …