Tesla (NASDAQ: TSLA) is recalling over 1.68 million electric vehicles (EVs) in China due to a software issue that could increase the risk of collisions. The recall, which started on August 6, affects various models, including the imported Model S and Model X and the domestically produced Model 3 and Model Y.
European drugstore giant Rossmann announced Tuesday it will no longer buy Tesla's electric vehicles for its fleet, effective immediately, citing CEO Elon Musk's pro-Trump political activism. Musk formally endorsed Trump last month, and said he was contributing funds to a pro-Trump group he helped create called America PAC.
LOS ANGELES, CA / ACCESSWIRE / August 6, 2024 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Tesla, Inc. ("Tesla" or "the Company") (NASDAQ:TSLA) for violations of the securities laws. The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors.
NEW YORK, NY / ACCESSWIRE / August 6, 2024 / Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Tesla, Inc. ("Tesla" or "the Company") (NASDAQ:TSLA). Investors who purchased Tesla securities are encouraged to obtain additional information and assist the investigation by visiting the firm's site: bgandg.com/TSLA.
Tesla reported an auto sales decline in the most recent quarter. Elon Musk believes Tesla isn't actually a car company.
Tesla is performing a remote recall of 1.7 million vehicles in China with an over-the-air software update, the state market regulator said on Tuesday.
Charles Schwab investors added Nvidia stock and Chipotle Mexican Grill in July, and dumped Tesla stock.
Shares of electric-vehicle maker Tesla were rising in early trading Tuesday after Monday's selloff. Global markets are driving many U.S. stocks higher.
Here's everything you need to know about the electric vehicle maker's week.
The National Highway Traffic Safety Administration said on Monday it was seeking more information about an accident involving Tesla's Cybertruck from the electric vehicle maker.
Tesla and other big tech names were sharply lower in early trading on Monday. The moves were likely driven by investors rushing to unwind a $4 trillion "carry trade" after the Japanese yen surged in recent days.
Tesla, Inc. shares lost momentum after the company delivered a relatively weak earnings report a couple of weeks ago. The declining margins and the rising geopolitical risks make it harder for Tesla to turn things around at this stage. Considering that Tesla trades at over 85 times its forward earnings and over 6 times its forward sales, it makes sense to assume that its shares are extremely overvalued.