Tesla releases its first-quarter earnings on Tuesday as the EV maker faces competitive and economic headwinds that have investors looking to CEO Elon Musk for a reversal of fortune.
After a rough quarter, Elon Musk’s car company is expected to post its first revenue drop in four years. It was a big weekend for Tesla, with the company announcing price drops on a number of its vehicles as well as its full self-driving software.
All Tesla vehicle-producing plants except the Texas factory seemed to experience trouble of some sort in the first quarter. Model 3 production in Fremont, Calif., was down quarter-on-quarter as Tesla switched the production line to the updated Model 3,
US stocks looked set to open higher at the opening bell on Tuesday, as traders waited for Tesla to kick off a make-or-break Magnificent Seven earnings season. Shortly after 5 a.m. ET, S&P 500 futures were up 0.
Earnings miss notwithstanding, momentum continued to build for Tesla's stock, which was rallying 11% in after hours trading. That's in large part because the EV maker said it plans on adding to its lineup and marketing a cheaper EV as early as next year,
Tesla reported its first quarter adjusted earnings plunged 48%, falling short of lowered Wall Street forecasts, but it assured investors that it plans to move ahead with a cheaper model due out next year.
Shares of Tesla edged higher on Tuesday ahead of the electric car maker's first-quarter results, with analysts expecting its lowest gross profit margin in more than six years.
The stakes are high for Tesla going into its earnings report, due after markets close Tuesday. Scores of individual investors have piled into Tesla shares in recent years, lured by Chief Executive Elon Musk and the company's mammoth stock-market gains.
It’s been a very bad year so far for Tesla. Investors will be closely watching its earnings report and comments to investors after the bell Tuesday to determine just how bad.
Things turned out a little differently, with the results repudiating something else: lousy strategic planning by Tesla and others. Tesla is no longer in growth mode. First-quarter
Shares of Tesla (NASDAQ: TSLA) were surging today as investors looked past the weak first-quarter earnings report from the leader in electric vehicles (EVs). They were instead swayed by CEO Elon Musk's insistence that the stock should be valued as an artificial intelligence (AI) and robotics company rather than an auto stock.
The recent run of bad news continued for Tesla on Tuesday as it reported its first quarter adjusted earnings plunged 48%, falling short of lowered Wall Street forecasts.
Tesla shares powered firmly higher in early Wednesday trading and look set for their strongest session gain in more than a year, after the electric-vehicle producer eased investor concerns about an abrupt strategy shift away from its core carmaking business.
Key Takeaways Tesla shares jumped in after-hours trading Tuesday despite an earnings miss, as the electric vehicle maker said it would accelerate production of new models, including a lower-cost vehicle.
Tesla is expected to release its first-quarter earning reports Tuesday afternoon. Key Background. Tesla announced the massive layoffs amid a series of mounting
Tesla stocks jumped on Tuesday after Elon Musk promised “more affordable” electric vehicle models following a drop in the company’s revenue in the first quarter by about nine per cent. The company’s revenue dropped to $21.
Tesla reported a big drop in quarterly profits Tuesday, pointing to elevated pressure on the electric vehicle market that has led to deep cost-cutting.
Tesla (TSLA) stock jumped in post-market trading after the company said it would accelerate the launch of more affordable vehicles. "We have updated our future vehicle line-up to accelerate the launch of new models ahead of our previously communicated start of production in the second half of 2025,
Tesla said Tuesday it would introduce “new models” by early 2025, sending its shares soaring nearly 11% in after-hours trading. Tesla’s talk of new vehicles, which it said would include “more affordable models” using current production lines,
U.S. stock index futures on Tuesday pointed to a higher open, with the spotlight firmly on the earnings season. Market participants waded through a slew of quarterly results from major names. Here are some stocks to watch on Tuesday: All eyes will be on Tesla (TSLA) stock,
If there was any question Tesla (Nasdaq: TSLA) was back in the good graces of Wall Street, those were erased after today’s 12% gain in the stock price. Tesla shares reclaimed some of the ground lost this year amid a challenging EV landscape,
Tesla shares could snap their losing streak or extend it today. Either way, earnings will be the determining factor in what the stock does on Wednesday. Investors should brace for volatility. Options markets imply the stock will move roughly 10%,
Today, the Tesla (NASDAQ:TSLA) stock is up 12%, the strongest post-earnings open since Oct. 24, 2019. Today is set to be the sixth in 55 quarters since Tesla (TSLA) went public in 2010 that its shares open higher by at least 10% after an earnings release,
Tesla reported a big drop in quarterly profits Tuesday, pointing to elevated pressure on the electric vehicle market that has led to deep cost-cutting.
Tesla knocked $2,000 off the prices of three of its five models in the United States late Friday, another sign of the challenges facing the electric vehicle maker led by billionaire Elon Musk. The company cut the prices of the Model Y,
Want to understand why Tesla stock is higher? Take a look at where shares were before earnings and one key line in the report. Coming into earnings, Tesla stock was badly beaten up, down 42% this year.
Tesla reported first-quarter earnings per share of 45 cents from sales of $21.3 billion. Wall Street was looking for about 50 cents in earnings per share and $22.2 billion in sales, according to FactSet.
Tesla stock was up 2% Tuesday morning ahead of earnings later in the day. Shares were trading around $145. If Tesla stock closes in the green, it will snap a seven-day losing streak. The S&P 500 and Nasdaq Composite were up 0.