Tesla's China-made EV sales rise 15.3% y/y in July

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Morgan Stanley 6th Annual Internal Survey of Their Interns on Tesla (TSLA) Reveals: 'Tesla 'cool factor' is... cooling'

August 5, 2024 10:52 AM EDT

Morgan Stanley analyst Adam Jonas reiterated an Overweight rating and $310.00 price target on Tesla (NASDAQ: TSLA)

The analyst comments "Tesla 'cool factor' is... cooling. The interns prefer gasoline powered cars over EVs by nearly 2 to 1. Tesla further declined as the most desirable brand to 11% (vs. 14% last year, 19% in 22, and 30% in 21). The share... More

Magnificent 7 stocks slide amid tech slump

August 5, 2024 9:54 AM EDT

The Magnificent 7 stocks experienced significant declines on Monday as the tech sector and broader market faced a severe sell-off.

While the stocks have begun to recover slightly following the opening bell, Apple (NASDAQ: AAPL) is currently down more than 5%, while NVIDIA (NASDAQ:... More

Tesla (TSLA) stock falls more than 7% premarket amid tech rout

August 5, 2024 7:06 AM EDT

Tesla (NASDAQ: TSLA) shares have fallen sharply in premarket trading on Monday, down more than 7% as part of a broader tech sell-off driven by disappointing economic data.

The decline comes on the heels of weaker-than-expected jobs reports last week, which reignited fears regarding the economy.

Tesla shares are currently trading around the $192.50 mark, its lowest level since June 26, 2024.... More

Sales of Tesla’s China-made electric vehicles climbed over 15% in July - report

August 2, 2024 8:20 AM EDT

Tesla's (NASDAQ: TSLA) sales of China-made electric vehicles rose by 15.3% year-over-year to 74,117 units in July, according to data from the China Passenger Car Association (CPCA). Deliveries of China-made Model 3 and Model Y vehicles increased by 4.4% compared to June.

In comparison, Chinese competitor BYD saw a significant 30.5% year-on-year increase in passenger vehicle sales, reaching a new monthly high of 340,799 units in July with... More