Tesla, Inc. (NASDAQ: TSLA) found itself on the wrong side of a historic surge in U.S. auto sales last month, with March vehicle sales slipping 8% year-over-year despite a broader industry boom.
U.S. stock futures were lower this morning, with the Dow futures falling more than 50 points on Wednesday.
Tesla Inc. TSLA short interest has increased by over 21% during its current reporting period, making it the fourth most shorted stock in the U.S. market currently.
U.S. automaker Tesla sold 78,828 China-made electric vehicles in March, down 11.5% from a year earlier, data from the China Passenger Car Association (CPCA) showed on Wednesday.
Wall Street is bracing for Tesla to report a drop in first-quarter vehicle deliveries on Wednesday, but analysts and investors cannot agree on how bad the decline would be.
Swedish insurer Folksam has sold off its $160 million stake in Tesla Inc (NASDAQ:TSLA), citing deepening concerns over the carmaker's stance on labour rights. The insurer said Tesla's refusal to recognise unions or sign collective wage agreements ran counter to its investment criteria.
It's been a rough year for Tesla (TSLA 3.62%) shareholders, marked by a huge decline in the stock price as investors try their best to wait around for a reacceleration in the electric-car maker's growth. Tesla's management team is signaling to investors that the first half of 2025 will be a transitional period for the company, with any big growth coming in the second half of the year or even next year.
Elon Musk's involvement in right-wing politics contributed to fewer deliveries in Norway the first quarter, though other factors also played a role.
The investment landscape for electric vehicle (EV) companies is in disarray, in part because of the troubles of the current U.S. EV sales leader. Tesla (TSLA 3.62%) CEO Elon Musk's controversial actions and statements over the past several months are affecting sales for the vehicle manufacturer and tech company both in the U.S. and internationally.
Shares of Tesla (TSLA 3.62%) are up a whopping 672% in the past five years and 2,050% in the past decade. However, investors have had to deal with tremendous levels of volatility, which doesn't make owning the disruptive business easy at all.
Sweden's largest insurer Folksam said on Wednesday it has sold its stake in electric car maker Tesla over concerns about the company's stance on workers' rights.
The EV maker is slated to report first-quarter sales data Wednesday morning. Wall Street expects just under 380,000 vehicles.