Tesla falls 3% after earnings, Q2 seen as a 'low quality' beat

Tesla (TSLA) begins sales of EVs in Malaysia

Tesla (NASDAQ: TSLA) officially launch sales of their electric vehicles in Malaysia this week, marking another milestone in the automaker's ongoing efforts to broaden its global presence.

Over the years, the EV giant has dedicated itself to expanding its sales to new markets,... More

U.S. House to investigate Ford’s (F) partnership with China’s CATL

The United States House of Representatives revealed Friday that they have opened an investigation into Detroit automaker Ford (NYSE: F) and their partnership with Chinese battery company CATL.

The automaker announced in February its intention to use technology from CATL as part of the automaker's plan to spend $3.5 billion to build a battery plant in... More

Tesla (TSLA) in 'early discussions with a major OEM' to license full self-driving software

Electric vehicle giant, Tesla (NASDAQ: TSLA) held their 2Q earnings call on Wednesday where CEO Elon Musk spoke about the direction of the company, and confirmed that the Electric automaker is in early discussions to license its Full Self-Driving software to a major automaker.

Were not... More

Tesla (TSLA) recalls 15K Model S and X EVs for seatbelt issues

Over 15,000 Model S sedans and Model X SUVs from the 2021 through 2023 model years are being recalled by Tesla (NASDAQ: TSLA) due to a potential issue with their front seat belts, which may lead to detachment. This poses a significant safety concern as occupants could be exposed to an increased risk of injury in the event of a crash.

The National Highway Traffic Safety... More

Musk talks price cuts, FSD and robotaxis on Tesla (TSLA) earnings call

Tesla (NASDAQ: TSLA) held its Q2 earnings call after market closed Wednesday. According to the release, the electric vehicle makers profits grew 20% in the quarter to $0.91 per share, coming in ahead of the streets estimate of $0.79. Revenue for the quarter increased 47% to $24.93 billion, versus the consensus estimate of $24.29 billion.

Tesla CEO Elon Musk joined the call to announce the companys record vehicle production and deliveries and record revenue during Q2. These results come after the companys Model Y became the best-selling vehicle of any kind globally in Q1,... More

JPMorgan Stays Underweight on Tesla (TSLA), PT $120, 'lowering our earnings estimates for Tesla shares today and suspect the Street will as well'

JPMorgan analyst Ryan Brinkman reiterated an Underweight rating and $120.00 price target on Tesla (NASDAQ: TSLA)

The analyst comments "We are lowering our earnings estimates for Tesla shares todayand suspect the Street will as wellafter the companys fourth straight operating profit miss vs. Bloomberg consensus, brought about again by the continued trading of profits for sales. Automotive adjusted gross margin excluding the sale of regulatory credits remains at the front and center of investor attention after this key performance metric shocked investors last quarter by plummeting -1,100 bps y/y from a then... More

Tesla (TSLA) to expand German EV plant near Berlin, aims for Europe’s largest vehicle factory

Tesla (NASDAQ: TSLA) aims to boost the production capacity of its assembly plant located outside Berlin to an impressive one million electric vehicles annually. This strategic move positions the company to become the largest car plant in Europe, coinciding with a period in which German automakers are facing challenges in keeping up with the transition to electric vehicles.

On Wednesday, thousands of pages of Tesla's expansion plans were made public, and if these plans receive approval from local officials, the production output of the plant will surpass that of Volkswagen's... More

Musk Says xAI Will Enhance The Value Of Tesla

Musk Says xAI Will Enhance The Value Of Tesla

Tesla investors balk at margin loss as Musk touts self-driving future

By Akash Sriram and Aditya Soni

(Reuters) -Elon Musk's bet to sacrifice margins now for improved margins later when full self-driving software is completely integrated into Tesla cars failed to impress investors, sending the electric-vehicle maker's shares down nearly 10% on Thursday.

Musk, who has waged a price war against EV rivals since last year, signaled price cuts were here to stay even as Tesla's quarterly automotive gross margins slid.

The fall in share price wiped nearly $90 billion from Tesla's market value, and along with a fall in Netflix's stock, dragged down the tech-heavy Nasdaq. Tesla shares... More

Tesla wants to double the size of its European assembly plant- NYT

(Reuters) - Tesla Inc wants to double the production capacity of its assembly plant outside Berlin to one million electric vehicles a year, in a move that would make it Europe's largest car factory, the New York Times reported on Thursday.

(Reporting by Juby Babu in Bengaluru;... More

Tesla's Elon Musk optimistic on progress for self-driving, robots

By Abhirup Roy

SAN FRANCISCO (Reuters) - Tesla Chief Executive Elon Musk on Wednesday set new targets for artificial intelligence products including self-driving software and using humanoid robots in factories, though he acknowledged he's been optimistic before.

The electric vehicle maker is in early talks with a major automaker to license its full self-driving technology, Musk added.

The value of Tesla vehicles would rise in perhaps "the single biggest step change in history" once regulators approved self-driving, he said at an earnings briefing.... More

Tesla (TSLA) CEO Musk said open to licensing full-sell driving software and in early discussion with major OEM

Tesla (NASDAQ: TSLA) CEO Musk said open to licensing full-sell driving software and in early discussion with major OEM

Tesla (TSLA) PT Raised to $325 at CFRA Following EPS

CFRA analyst Garrett Nelson raised the price target on Tesla (NASDAQ: TSLA) to $325.00 (from $310.00) while maintaining a Buy rating following the results.

The analyst commented, "We raise our 12-month target by $15 to $325 on a '25 P/E of 45x, justified by growth... More