New European car registrations of Tesla vehicles totaled 8,837 in July, down 40% year-on-year, according to the European Automobile Manufacturers Association, or ACEA. BYD recorded 13,503 new registrations in July, up 225% annually.
Shares of auto-giant Tesla Inc NASDAQ: TSLA jumped more than 6% on Friday, finishing at the highs of the day in what was its strongest single-day performance in more than two months. The move came after almost two weeks of steady declines and looked like a stunning show of strength for bulls hoping the stock could reassert its uptrend.
Tesla Inc. (NASDAQ: TSLA) has a market cap of $1.18 trillion, which makes it the 10th most valuable company in the world.
Shares of the electric vehicle maker were down early Tuesday, falling after two very strong days on Friday and Monday.
The trial focused on an April 2019 crash involving a 2019 Model S featuring Autopilot driver-assistance software. Tesla has said it will appeal.
Months before a jury awarded a $242.5 million verdict against Tesla over its culpability in a 2019 fatal crash, the automaker had a chance to settle for $60 million. Instead, Tesla rejected that offer, according to new legal filings that were first reported by Reuters.
Billionaire Elon Musk's electric vehicle company Tesla rejected a $60 million settlement proposal in a lawsuit over the 2019 fatal crash of an Autopilot-equipped Model S before a jury this month awarded a $243 million verdict in the case.
Tesla faces sliding deliveries and shrinking margins, while Ford's EV reset aims at scale and affordability to attract the next wave of buyers.
A big rally Friday, helped send Tesla stock up for three consecutive weeks.
Key Points in This Article: Tesla's (TSLA) sales in China fell 11.7% in Q2, while Chinese EV makers like BYD and Geely saw growth.
Tesla (TSLA) shares soared Friday amid a broader market rally spurred by comments from Federal Reserve Chair Jerome Powell that indicated interest rate cuts could be on the horizon.
Tesla (TSLA) reported earnings 30 days ago. What's next for the stock?