EV giant Tesla (TSLA) released mixed third quarter earnings results on Wednesday, with adjusted earnings coming out just below estimates ($0.50 per share vs. estimates of $0.54) while revenue topped Wall Street expectations ($28.1 billion vs.
Tesla is going all-in on robotaxis and humanoid robots. Amazon already runs over 1 million robots in its warehouses.
A lot is happening with Tesla's automotive and energy businesses. But the company used its earnings call to further hammer a future centered on AI.
After a weak first half of the year, Tesla deliveries roared higher in Q3. Energy and services helped offset a narrowing profit margin in its autonomous business.
Tesla (TSLA) earnings were mixed, with margin pressure and near-term uncertainty, but revenue beat expectations and investors remain in wait-and-see mode. GM surged 15% after beating earnings and raising guidance, as tariff impacts were less severe and market share reached a multi-year high.
Elon Musk told Tesla investors that Full Self-Driving will be a "shock wave" that changes transportation. So far, around 12% of Tesla owners have bought it, the company's CFO said.
The EV maker's shares rallied on Thursday after the company reported weaker-than-expected third-quarter earnings.
Despite missing earnings expectations yesterday evening, Tesla (TSLA) stock was resilient in Thursday's trading session.
Tesla's monthslong upward run has slowed. That has investors contemplating what's next for the stock with a vote on a huge new pay package for its chief just around the corner.
Redwood Materials plans to meet the AI-fueled demand for energy with recycled electric-car batteries.
Tesla's monthslong upward run has slowed. That has investors contemplating what's next for the stock with a vote on a huge new pay package for its chief just around the corner.
Tesla Inc. NASDAQ: TSLA went into Wednesday's earnings report with sky-high expectations. The stock was primed for a big move either way after doubling in value since April and trading in a tight range between $425 and $445 in recent weeks.