News
TSLA
170.18
+4.97%
8.05
Tesla's Biggest Layoffs Mapped: Where Has EV Giant Cut Most Jobs?
Tesla, Inc. Is cutting 14,000 jobs in the U.S. The electric car maker will eliminate 3,332 jobs in California and 2,688 in Texas. Tesla's Giga Berlin plant in Germany was initially reported to be losing 3,000 workers. The company is facing slowing demand and falling margins.
Benzinga · 11m ago
Tesla Investor Touts EV Giant's Billions-Mile Leap In Gathering Self-Driving Data: 'How Can Any Automaker Catch Up?'
Sawyer Merritt, a prominent Tesla investor, says Tesla owners are now driving approximately 1 billion miles every 68 days using Full-Self Driving. This is a 250% increase from three months ago, he says. The Tesla investor also highlighted the company's unparalleled data collection prowess.
Benzinga · 2h ago
xAI, Elon Musk’s OpenAI rival, is closing on $6B in funding and X, his social network, is already one of its shareholders
Elon Musk's xAI is raising $6 billion on a pre-money valuation of $18 billion. The deal is expected to close in the next few weeks. The company is a competitor to the AI phenom OpenAI. XAI will use data from Musk's other companies to train its own chatbot.
Forward News · 3h ago
Former exec Baglino sells Tesla shares worth $181.5 million, SEC filing shows
Drew Baglino resigned as senior vice president of powertrain and energy engineering from Tesla last week. The departure came amid the EV maker's plan to lay off more than 10% of its global workforce. He sold shares worth around $181.5 million in the world's top EV maker.
Forward News · 3h ago
Tesla Stock (NASDAQ:TSLA): Earnings Not as Good as the Reaction Suggests
TipRanks · 4h ago
Ex-Tesla SVP Drew Baglino Offloads $181.5M Worth Of EV Maker's Shares After Resignation
Drew Baglino, the former Senior Vice President of Powertrain and Energy Engineering at Tesla Inc., has sold 1.14 million shares of the company. The sale comes shortly after his resignation from the electric vehicle giant. The former Tesla executive had been with the company since 2006. He sold the shares for $181.5 million.
Benzinga · 4h ago
Google Parent Alphabet, Microsoft, Intel, Roku, Tesla: Why These 5 Stocks Are On Investors' Radars Today
Thursday saw a decrease in major U.S. Indices. The Dow Jones Industrial Average closed the day down nearly 1% and the S&P 500 dropped 0.5%. Despite the overall market downturn, certain stocks managed to capture the attention of investors. Alphabet Inc. And Microsoft Corporation were the top five trending stocks of the day.
Benzinga · 5h ago
Cathie Wood makes almost $100 million on battered tech stock
Forward News · 7h ago
Why I Am Glad I Bought More Tesla Stock
Tesla, Inc. Stock has experienced a bear market phase but shows bullish technical dynamics, suggesting a possible long-term bottom. The company recently reported "worse-than-expected" sales and EPS figures. Tesla's sales and earnings should improve considerably from here. Tesla has the potential for significant growth in AI, robotics, energy and storage.
Seeking Alpha · 11h ago
Stocks pare losses on Thursday with help of these bright spots
MarketWatch · 11h ago
Tesla Stock Rose Again. Three Reasons for the Jump.
Tesla stock surged 17.4% on Thursday. Tesla stock rose 11.8% on Wednesday after first-quarter results. The company unveiled a new battery at the Beijing Auto show. The world's largest EV battery maker, CATL, is unveiling a new range and range-extending battery.
Barron‘s · 11h ago
Tesla Inc. stock rises Thursday, outperforms market
MarketWatch · 11h ago
Elon Musk Admits, 'I Really Didn't Think Tesla Would Be Successful' But Says If Something Is Important, Try It — Despite 'Probable Failure'
Elon Musk admitted in a 2014 interview that he didn't think Tesla would be successful. The CEO of Tesla said he thought the company would most likely fail. Musk believes that if something is important enough, you should try it even if it's likely to fail. He has a philosophy that anticipates failure as a norm rather than an exception.
Forward News · 11h ago
Is Li Auto Stock (NASDAQ:LI) a Buy as It Challenges Tesla?
TipRanks · 12h ago
Can Tesla's Earnings Struggle Take Down the "Mag 7"?
NASDAQ · 12h ago
TSLY: Playing Elevated Volatility And Rangy Tesla Price Action (Rating Upgrade)
Shares of Tesla (TSLA) rocketed 12% on Wednesday after weaker-than-expected Q1 earnings results from the EV maker. The YieldMax TSLA Option Income Strategy ETF (TSLY) offers a high yield through selling covered calls on Tesla. TSLY has outperformed Tesla over the past five months and now could be an ideal time to be long the ETF. Tesla's implied volatility remains elevated and shares are in a downtrend.
Seeking Alpha · 12h ago
Billionaire Ron Baron Calls The Bottom In Tesla Stock, Says Shares Will 'Go Up Huge' From Here: 'It's Like A Rubber Band'
Billionaire investor Ron Baron believes Tesla stock has fallen far enough. Tesla shares are down approximately 34% year-to-date. Baron says the company is going to "go up huge" from current levels. He believes the company's low cost car initiative and robotaxi plans are the main drivers of the rebound.
Benzinga · 13h ago
Hertz slides 20% as depreciating Teslas dent the bottom line
Shares of Hertz Global Holdings (HTZ) fell 20.15% in afternoon trading on Wednesday. The company's Q1 earnings report fell short of profit estimates. Revenue was up 1.5% year-over-year to $2.08B, but EPS came in at -$1.28. Hertz reported a $588M increase in vehicle depreciation compared to a year ago.
Seeking Alpha · 13h ago
UBS Just Slashed Its Price Target on QuantumScape (QS) Stock
QuantumScape specializes in solid-state battery technology for electric vehicles. The company reported a loss per share of 24 cents in its first quarter. The EV sector is undergoing a significant fallout. QS stock is considered a moderate sell by analysts and has a 21% upside potential.
Investorplace · 13h ago
Tesla Stock Has Plunged In 2024 But It's Not Getting Cheaper
Forward News · 13h ago
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About TSLA
Tesla, Inc. designs, develops, manufactures, sells and leases high-performance fully electric vehicles and energy generation and storage systems, and offer services related to its products. The Company's segments include automotive, and energy generation and storage. The automotive segment includes the design, development, manufacturing, sales and leasing of high-performance fully electric vehicles, and sales of automotive regulatory credits. This segment also includes sales of used vehicles, non-warranty after-sales vehicle services, body shop and parts, paid supercharging, vehicle insurance and retail merchandise. Its consumer vehicles include the Model 3, Y, S, X and Cybertruck. The energy generation and storage segment includes the design, manufacture, installation, sales and leasing of solar energy generation and energy storage products and related services and sales of solar energy systems incentives. Its lithium-ion battery energy storage products include Powerwall and Megapack.