Shares of Tesla Inc. NASDAQ: TSLA opened just over $350 on Tuesday and started up after the long Memorial Day weekend with some seriously strong momentum.
Tesla plans to launch a "pilot" robotaxi service in Austin in June. That doesn't mean we'll see the two-door Cybercabs on the roads this summer.
Tesla sales in Europe and the U.K. have fallen by nearly half, according to data released Tuesday by the European Automobile Manufacturers Association. In April, Tesla sold 7,261 vehicles in the European Union, European Free Trade Association, and U.K., a 49% year-over-year decline.
U.S. equities jumped at midday after President Donald Trump said he would delay new tariffs on European Union imports for 90 days. The Nasdaq added 2%, and the Dow Jones Industrial Average and S&P 500 were up more than 1%.
Tesla's sales in Europe plunged in April as the electric car maker faced backlash over Elon Musk's political work and rising competition from China-based rival BYD.
CNBC's Phil LeBeau joins 'Squawk on the Street' to discuss the latest news on Tesla, how Elon Musk expects to split his time between Tesla and DOGE, and more.
Tesla gained about 5% on Tuesday after CEO Elon Musk said on social media platform X that he plans to be "super focused" on his businesses. An X outage over the weekend briefly shuttered the social media platform formerly known as Twitter for thousands of users, according to DownDetector.
Telsa stock has soared 58% after CEO Elon Musk announced plans to leave DOGE. Can he restore the company's brand value?
Tesla (NASDAQ: TSLA) stock could decline over 40%, according to the outlook by banking giant UBS, which reaffirmed its bearish stance on the electric vehicle (EV) manufacturer.
Tesla's (TSLA) sales in the European Union (EU) tumbled for a fourth consecutive month in April, even as overall new battery-electric vehicle registrations increased.
Tesla's European sales fell by nearly 50% in April, even as overall EV sales on the continent grew. The backlash against Elon Musk has made Tesla a target for protests and hit sales around the world.
Tesla sold 7,261 cars in Europe in April, down 49% year-on-year, according to the European Automobile Manufacturers' Association. Tesla has suffered brand damage over the past few months because of CEO Elon Musk's political involvement with U.S. President Donald Trump.