Tesla, Inc. (TSLA)
Chinese EV stocks drop after Tesla's earnings miss, General Motors delays EV plans
Hong Kong-listed shares of Xpeng lost as much as 5.74% while Nio's stock tumbled 5.26% on Wednesday. Li Auto's shares dropped 3.8% while BYD slid 2.6%.
Elon Musk wants Tesla to invest $5 billion into his newest startup, xAI — if shareholders approve
Tesla CEO Elon Musk posted an informal poll on social network X asking whether his publicly traded automaker should invest $5 billion into his newest startup, xAI. Formed in March 2023, and first discussed publicly in July 2023, xAI develops large language models and AI products that aim to compete with those from Google, Microsoft and OpenAI.
Tesla stock tanked: Xpeng, Li Auto, MULN, VinFast brace for impact
Electric vehicle stocks are bracing for impact after the weaker-than-expected Tesla earnings on Tuesday. Chinese EV stocks like Xpeng, BYD, and Li Auto have already crashed by over 5% in Hong Kong and the trend could continue in New York.
Rivian to face trial in Tesla trade secrets theft case, judge says
Electric car maker Rivian Automotive will go on trial over allegations that it encouraged its employees who defected from Elon Musk's Tesla to steal trade secrets, according to a tentative ruling issued by a California judge.
Tesla Invests in AI, Anticipates ‘Next Major Growth Wave'
Tesla is investing in artificial intelligence (AI) as it anticipates the “next major growth wave.” That wave will be driven by advances in autonomy and the introduction of new products, the company said in a presentation released Tuesday (July 23) in conjunction with its quarterly earnings call.
Watch These Tesla Price Levels as EV Maker's Stock Slumps After Earnings Dissapoint
Tesla (TSLA) shares tumbled nearly 8% in extended trading Tuesday after the electric vehicle maker posted a 45% drop in second-quarter profit, reported a reduction in the average selling price of its vehicles from a year earlier, and cautioned about a rise in artificial intelligence (AI) costs.
Elon Musk doubles down on Tesla's Dojo supercomputer, aiming to compete with Nvidia
Elon Musk said Tesla is committed to developing its supercomputer Dojo. The project is Tesla's best bet at competing with AI chip superstar Nvidia, Musk said.
Tesla's profit margin is getting hammered by EV discounts and hefty AI spending
Tesla's adjusted operating margin shrank to its lowest in three years in the second quarter. The company has been trying to stem a decline in auto sales by offering big incentives and steep discounts.
Musk launches poll asking if Tesla should invest $5 bln in xAI
Billionaire Elon Musk on Tuesday launched a poll on social media X asking whether Tesla should invest $5 billion in xAI.
Musk says any Trump move against EV support would hurt competitors more than Tesla
Tesla CEO Elon Musk said on Tuesday that U.S. presidential candidate Donald Trump's potential removal of support for electric vehicles would hurt other automakers more than the Austin, Texas-based firm.
Elon Musk sets new date for Tesla robotaxi reveal, calls everything beyond autonomy ‘noise'
Elon Musk says he will show off Tesla's purpose-built “robotaxi” prototype during an event October 10, after scrapping a previous plan to reveal it August 8. Musk said Tesla will also show off “a couple of other things,” but didn't explain what that meant.
4 Key Takeaways From Tesla's Earnings Call
Tesla (TSLA) CEO Elon Musk and other executives on Tuesday discussed the postponement of the company's "robotaxi" event to October and its plans for production of a new, more affordable vehicle that could start next year.
