Cox Automotive data shows that Tesla Inc. (NASDAQ: TSLA) sales dropped 23% year over year to 39,800 in November.
Shares of Tesla Inc. (NASDAQ:TSLA) gained 2.61% over the past five trading sessions after gaining 6.98% the five prior.
Tesla's board of directors has earned more than $3 billion through stock awards that far exceeded the value of those given to peers at the biggest U.S. technology firms at the time they were paid, according to an analysis performed for Reuters by compensation and governance specialist Equilar.
Tesla CEO Elon Musk says the company is now testing its robotaxi without human monitors in Austin. An X user posted a video on Sunday that appeared to show a robotaxi driving with no one inside.
Tesla has introduced a wave of incentives to shift as many EVs as it can before the end of the year. The incentives include free paint jobs and financing deals.
Tesla shareholders have already approved an investment by the electric-vehicle maker in Elon Musk's xAI. Could SpaceX be next?
TSLA's year-end discounts, free upgrades and 0% financing aim to lift Model Y demand as the company works to clear inventory and sustain momentum.
Tesla's U.S. sales fell to a three-year low in November, according to Reuters.
In the most recent trading session, Tesla (TSLA) closed at $446.87, indicating a -1.02% shift from the previous trading day.
Tesla's U.S. sales dropped to a near three-year low in November, despite the automaker's rollout of new, cheaper versions of its best-selling electric vehicles, estimates from Cox Automotive given exclusively to Reuters showed on Thursday.
The Magnificent Seven stocks have a long history of outperforming the stock market and leading market indices to new highs.
Tesla stock has bounced back after a marked slowdown in its core business. But sales have reaccelerated and many of its 'moonshot' projects are finally coming to fruition.