Tesla, Inc. (TSLA)
Tesla slides as bleak profit margins exposes need for affordable EVs
Tesla shares slid 8% in U.S. pre-market trades on Wednesday after the electric vehicle maker's profit margin fell to a five-year low, raising the urgency of making lower-priced vehicles to power sales rather than relying on price cuts.
Tesla Stock Analysis: 3 Red Flags for Investors Despite Delivery Beat
Tesla‘s (NASDAQ: TSLA ) shares suffered severe losses in the first quarter and much of the second before rallying in recent weeks. Investors became more bullish about Tesla stock in hopes that the company would be able to pull off a Q2 earnings beat and show improved profitability.
Tesla Stock Is Plunging Over 7% In Wednesday's Pre-Market After Q2 Earnings: What's Going On
Tesla, Inc. TSLA shares fell sharply in premarket trading on Wednesday, with the pullback coming after the company reported its second-quarter results.
Tesla's Auto Woes Crash Elon Musk's AI Dreams
Tesla TSLA -2.04%decrease; red down pointing triangle finally has financial results to support the argument that it is more than a car company. They still don't go anywhere near justifying the latest run-up in the stock.
Elon Musk says a Trump presidency would be good for Tesla, but 'devastating' for its rivals
Elon Musk was asked what would happen if Trump won the election and withdrew government support for EVs. He said it would be "devastating" for Tesla's rivals but would probably help Tesla "long term.
Tesla shares fall 8% in premarket trading after weaker-than-expected earnings
Tesla shares fell more than 8% in pre-market trade in the U.S. after the electric carmaker reported second-quarter earnings that missed expectations, as its auto business continued to face pressure. Elon Musk's electric vehicle firm reported that automotive revenue dropped 7% year-on-year in the June quarter to $19.9 billion, while its adjusted earnings margin also declined.
Musk raises prospect of Tesla investing in his anti-woke AI start-up
Should Tesla Inc (NASDAQ:TSLA) invest $5 billion into OpenAI competitor xAI? That is the simple question posed by boss of both Elon Musk.
Tesla's still not making huge profits and probably won't for years. But these analysts and investors still love the company.
Tesla's second-quarter earnings call missed estimates. The company is also delaying its Robotaxi unveiling.
Tesla, Inc. (TSLA) Q2 2024 Earnings Call Transcript
Tesla, Inc. (NASDAQ:TSLA ) Q2 2024 Earnings Conference Call July 23, 2024 5:30 PM ET Company Participants Travis Axelrod - Head of Investor Relations Elon Musk - Chief Executive Officer Vaibhav Taneja - Chief Financial Officer Lars Moravy - Vice President-Vehicle Engineering Ashok Elluswamy - Director-Autopilot Software Conference Call Participants Will Stein - Truist Securities Ben Kallo - Baird Alex Potter - Piper Sandler Dan Levy - Barclays Ferragu Pierre - New Street Colin Rusch - Oppenheimer Colin Langan - Wells Fargo Travis Axelrod Good afternoon, everyone and welcome to Tesla's Second Quarter 2024 Q&A Webcast. My name is Travis Axelrod, Head of Investor Relations and I'm joined today by Elon Musk; Vaibhav Taneja, and a number of other executives.
Tesla: Q2 Earnings Fail To Justify Recent Rally (Rating Downgrade)
TSLA stock rallied on 2Q deliveries, but the 2Q automotive revenue growth missed estimates, and the company expects significantly lower vehicle volume growth in FY2024. The company's total revenue exceeded consensus, largely driven by a 100% YoY growth in its energy storage revenue, indicating potential for significant growth contribution in the long term. Even excluding the $622 million in restructuring and other costs, EBIT margin contracted by 87 bps and adjusted EBITDA margin declined by 187 bps YoY, resulting in an EPS miss.
Elon Musk says he expects China to approve Full Self-Driving by the end of the year
Tesla CEO Elon Musk has again touted the impending rollout of advanced driver-assist software in China, after reporting another quarter of disappointing earnings. "Pretty soon, we will ask for regulatory approval of the Tesla-supervised FSD in Europe, China and other countries.
Elon Musk is probably getting a little nervous
On Tuesday, Tesla's stock tumbled after Q2 earnings revealed the EV maker missed expectations again. In the call, Elon Musk faced terse questions about resource allocation and the delayed Robotaxi project.
