Tesla's deliveries expected to fall on plant shutdowns, soft demand
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Warren Buffet-backed BYD closing in on Tesla (TSLA) EV sales
October 3, 2023 3:23 PM EDTTesla's (NASDAQ: TSLA) underwhelming third-quarter delivery figures have opened a door for its nearest competitor, BYD, the Chinese electric vehicle juggernaut backed by Warren Buffett's Berkshire Hathaway, to potentially claim the top spot in the electric car market rankings.
Last quarter, Tesla managed to sell... More
Tesla (TSLA) brings back rear-wheel Model Y at discounted price
October 3, 2023 10:27 AM EDTTesla Inc. (NASDAQ: TSLA) has reintroduced the rear-wheel-drive version of its Model Y crossover in the United States, following a third-quarter delivery report that didn't meet Wall Street's projections.
The Model Y, introduced for deliveries in March 2020, remains the top-selling model for the... More
Tesla (TSLA) Semi covers over 1,000 miles in a single day
September 29, 2023 2:46 PM EDTA PepsiCo Tesla Semi successfully travelled over 1,000 miles during a single working day, as documented by the monitoring devices integrated into the vehicle as part of the North American Council for Freight Efficiency (NACFE) Run On Less initiative. A program designed to assess the practical efficiency of zero-emission commercial trucks.
The truck identified as "Tesla 3" recorded a total mileage of 1,076 miles during its journey and completed only one delivery.
As per the... More
U.S. agency files lawsuit against Tesla (TSLA) alleging harassment of black factory workers
September 29, 2023 10:29 AM EDTA U.S. civil rights agency initiated a lawsuit against Tesla Inc (NASDAQ: TSLA), Thursday, alleging that the electric car manufacturer has allowed persistent harassment against Black workers at its assembly plant in Fremont, California.
The U.S. Equal Employment Opportunity Commission (EEOC) has asserted that, from 2015 to the present, Black employees working at the Tesla plant have been consistently exposed to offensive racial slurs and defacement,... More
Analysts cut 3Q delivery estimates on Tesla (TSLA)
September 29, 2023 8:46 AM EDTShares of Tesla (NASDAQ: TSLA) are up in pre-market trading Friday despite estimates being cut by analysts from three different firms today.
Citi reiterated a Neutral rating and $278 price target on the electric automaker ahead of the companys 3Q delivery report.
Citi analysts cut delivery estimates for the companys 3Q to 450k from 468.5k, leading to a reduced EPS estimate of $0.75 from $0.81. The updated estimates reflect... More
This analyst thinks Tesla stock won't sell off even if Q3 misses
September 29, 2023 8:18 AM EDTTesla (NASDAQ: TSLA) is expected to release its Q3 deliveries report in the coming days, and in anticipation of this, analysts are making adjustments to their forecasts.
At Piper Sandler, the initial forecast of over 515,000 units has been revised down to 445,000 units. This... More
