If you currently hold Tesla NASDAQ: TSLA and Apple NASDAQ: APPL—two popular Magnificent Seven stocks—you might want to consider rotating out of them and into Broadcom NASDAQ: AVGO and Oracle NYSE: ORCL instead.
New York state officials are pressing Tesla to repeal a company bylaw that limits investors' rights to sue Elon Musk's automaker over breaches of fiduciary duty. Earlier this year, Tesla changed its bylaws to require stockholders to own a 3% stake to qualify to file a derivative shareholder suit.
Sales of Tesla's Cybertruck have plummeted from their peak last year, to the point that the hulking (and expensive) GMC Hummer EV outsold the polarizing steel-clad curiosity in the second quarter.
Tesla stock has been all over the map across the last few years.
Tesla (TSLA) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Tesla Inc. board member James Murdoch just made a pretty penny, at least on paper, on the electric-vehicle giant's stock.
TSLA's Q2 performance suffers due to falling deliveries, margin pressure, and weak demand, which clouded its once-bright growth story.
Tesla Inc. NASDAQ: TSLA heads into next week's earnings report with a lot riding on the outcome. Shares have surged as much as 70% from their multi-year lows reached in April, and while they've given back some of the gains, they're still up close to an impressive 50%.
The reported exit comes at a time when Tesla is grappling with flagging sales, as demand in Europe and North America crumble amid Tesla's aging vehicle line-up and increased competition from rivals.
Tesla remains a dominant force in EVs, leveraging its scale and brand to maintain industry leadership. Profitability pressures persist due to price competition and rising costs, impacting near-term margins. Long-term growth hinges on the successful ramp-up of new models and expansion into energy and AI businesses.
TSLA braces for weak Q2 results, with earnings and revenues expected to decline amid low deliveries and demand woes.
Tesla has made its long-awaited debut in India, where it has launched a new showroom Its electric SUV, the Model Y, will cost around $70,000.