Tesla on Thursday said it has launched a new version of Cybertruck in the United States, priced at $69,990.
Tesla launched operations in Saudi Arabia on Thursday, a sign that Chief Executive Elon Musk has patched up relations with the kingdom and that the oil capital was moving forward with an ambitious electric-vehicle policy.
Shares of Tesla (TSLA -10.45%) are falling on Thursday. The electric vehicle maker's stock lost 9.5% as of 11:50 a.m.
EVs accounted for just 1% of all car sales in the kingdom in 2024, according to PwC. Saudi Arabia is developing its own local EV manufacturing and has a majority stake in California-based EV maker Lucid Motors.
The Trump Put has arrived, putting an all-important line in the sand to stymie further market downside (for now). Tesla also surged 20%, highlighting the readiness of Tesla bulls to deploy funds and partake in the possible recovery. Tesla's well-diversified manufacturing footprint and solid profitability is well-positioned to navigate the tariff headwinds. I explain why.
U.S. stock futures were lower this morning, with the Dow futures falling around 1% on Thursday.
The EV maker's shares, along with those of other auto makers, rallied after President Donald Trump's decision to pause some tariffs. The car industry still faces stiff levies, though.
Tesla is opening up shop in Saudi Arabia in the latest sign that CEO Elon Musk has put to rest a once-bitter feud with Yasir Al Rumayyan, head of the $925 billion Public Investment Fund. Bloomberg's Matthew Martin reports.
The YieldMax TSLA Option Income Strategy ETF appears to be a yield trap, underperforming TSLA stock with capped upside and significant downside risk. TSLY's strategy involves synthetic long positions and covered call strategies, leading to poor performance in both rising and falling TSLA markets. The ETF's dividends are unstable and declining, likely mainly due to NAV erosion and potential strategy shifts, making it unreliable for steady income.
Tesla (TSLA 22.25%) CEO Elon Musk may have a seat at the table in the Trump administration, but his company's stock hasn't been immune to the market carnage initiated by the administration's trade policies.
Shares of Tesla (TSLA) soared more than 20% in Wednesday afternoon trading, leading other Magnificent Seven members higher amid a broad relief rally as President Trump announced a 90-day pause on most of the tariffs his administration announced last week.
Tesla is down over 20% for the year, but the rest of the electric vehicle (EV) industry isn't necessarily following that same trajectory. In countries like China, they're witnessing growth in EV sales.