Tesla reports $24.3 bn Q4 revenue, expects to boost EV deliveries by 37 %
1 year, 10 months ago

Tesla reports $24.3 bn Q4 revenue, expects to boost EV deliveries by 37 %

Live Mint  

Tesla Inc slightly beat analysts' estimates for fourth-quarter revenue on Wednesday, powered by record delivery of electric vehicles during the last three months of 2022. The electric-vehicle maker, which missed its delivery target last year, said it expects to increase vehicle deliveries by 37% this year to 1.8 million vehicles. The company said revenue was $24.32 billion for the three months ended Dec. 31, compared with analysts' average estimate of $24.16 billion, according to IBES data from Refinitiv. Tesla offered discounts in its top markets during the quarter after strong orders had allowed the company to maintain and even raise prices in recent years.

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History of this topic

Elon Musk's Tesla hits $1 trillion market value after Trump win
1 month, 2 weeks ago

Elon Musk's Tesla hits $1 trillion market value after Trump win

India Today  

Tesla's market value closed above the $1 trillion mark in a sharp rally on Friday, on expectations that CEO Elon Musk's companies will get favourable treatment under President-elect Donald Trump for his extensive support during the poll campaign. "Tesla and CEO Elon Musk are perhaps the biggest winners from the election result, and we believe Trump's victory will help expedite …

Chinese EV maker BYD’s revenue beats Tesla for first time
1 month, 3 weeks ago

Chinese EV maker BYD’s revenue beats Tesla for first time

CNN  

Beijing — Chinese electric vehicle maker BYD posted an 11.5% rise in third-quarter net profit on Wednesday as it maintained strong sales momentum helped by government trade-in incentives. With third-quarter revenue up 24% on year to 201.1 billion yuan, BYD’s quarterly revenue for the first time outpaced Tesla, whose revenue for the July-September quarter reached $25.2 billion. BYD, whose cars …

Tesla Soars 4.43% on Strong Q3 Results, Up 1.29% on Nasdaq
Trending News
1 month, 4 weeks ago

Tesla Soars 4.43% on Strong Q3 Results, Up 1.29% on Nasdaq

Live Mint  

Tesla shares continue to rally, with the company reporting a strong third-quarter profit. The stock rose 4.43 per cent, reaching a new high of $269.11. Tesla's net income increased by 17%, marking a turnaround from the previous quarter's decline. The company's revenue also increased, contributing to the positive performance.

New Tesla Model 3 gets EV range boost to over 400 miles
2 months ago

New Tesla Model 3 gets EV range boost to over 400 miles

The Independent  

Hot on the heels of the longest-range Model Y ever announced last week, Tesla has announced a new Model 3 with the longest range ever for a Model 3 – a claimed maximum of 436 miles. As predicted in our story on the new 373-mile Long Range Rear-Wheel Drive Model Y, the new Model 3 drops the all-wheel drive of …

Tesla's AI Ambitions Propel Market Growth, But Profitability Remains a Challenge
Trending News
2 months ago

Tesla's AI Ambitions Propel Market Growth, But Profitability Remains a Challenge

Live Mint  

Tesla's AI ambitions are gaining attention, but the company faces challenges in funding these endeavors. Musk plans to spend heavily on AI-related expenses, including the development of self-driving cars and AI-powered robots. However, Tesla's profit margins are under pressure due to lower vehicle deliveries and aging model lineup. The company's focus on AI and robotics could potentially boost its market …

Tesla's Q3 Results: A Strong Comeback for the EV Giant
Trending News
2 months ago

Tesla's Q3 Results: A Strong Comeback for the EV Giant

ABP News  

Tesla's Q3 net income rises 17% on strong sales, marking a turnaround for the company. The strong performance is attributed to robust electric vehicle (EV) sales, with the company projecting a 20-30% increase in sales for 2025. Tesla's cost-saving efforts have also contributed to the improved financial performance, with the gross profit margin reaching its highest level in a year.

Car makers plea to Chancellor for incentives to help slash EV prices as 'demand isn't moving quickly enough'
2 months, 1 week ago

Car makers plea to Chancellor for incentives to help slash EV prices as 'demand isn't moving quickly enough'

Daily Mail  

Bosses from 13 major manufacturers have written to the Chancellor pleading for a fresh wave of electric vehicle incentives to turbocharge floundering sales. Independent transport research organisation New Automotive tracks major car makers and their current sales performance in relation to meeting ZEV mandate targets. Stellantis - which is one of the world's largest car conglomerates - is predicted to …

Tesla suffers first drop in UK sales since 2013
2 months, 1 week ago

Tesla suffers first drop in UK sales since 2013

The Telegraph  

Tesla’s UK revenues have fallen for the first time in more than a decade as Elon Musk’s electric car company grapples with a slowdown in demand. The drop in sales brings the company’s recent momentum to a halt in the UK, where it has enjoyed constant sales growth since 2013. Mr Musk’s business is also facing questions about its ageing …

Indians who prepaid $1,000 to order Tesla EVs ask for their money back as cars fail to arrive
4 months, 1 week ago

Indians who prepaid $1,000 to order Tesla EVs ask for their money back as cars fail to arrive

The Hindu  

In April 2016, Elon Musk invited Indians to preorder the upcoming Tesla Model 3. To woo automakers like Tesla while also protecting domestic carmakers like Mahindra and Maruti Suzuki, India reduced its import duties to 15% from 70%-100% in March 2024 for EVs cheaper than $35,000 — as long the automaker commits to building a factory in the country within …

Tesla’s auto woes crash Elon Musk’s AI dreams
5 months ago

Tesla’s auto woes crash Elon Musk’s AI dreams

Live Mint  

Tesla finally has financial results to support the argument that it is more than a car company. At last, claims that Tesla isn’t just a car company have some grounding in the numbers, rather than merely in the expansive vision of chief executive Elon Musk. Tesla’s second-quarter delivery update already made the strength of the energy business clear, so this …

Tesla faces 45 per cent profit drop in Q2, Musk teases Robotaxi announcement in October
5 months ago

Tesla faces 45 per cent profit drop in Q2, Musk teases Robotaxi announcement in October

India TV News  

Tesla, Elon Musk's electric automobile company has reported being in profit for the April-June period this year by USD 1.5 billion- which was down by 45 per cent from the same period in 2023. Total revenue was up 2 per cent at USD 25.5 billion, but automotive revenues were down 7 per cent to USD 19.9 billion, according to the …

Tesla’s 2Q profit falls 45% to $1.48 billion as sales drop despite price cuts and low-interest loans
5 months ago

Tesla’s 2Q profit falls 45% to $1.48 billion as sales drop despite price cuts and low-interest loans

Associated Press  

DETROIT — Tesla’s second-quarter net income fell 45% compared with a year ago as the company’s global electric vehicle sales tumbled despite price cuts and low-interest financing. Tesla said it posted record quarterly revenue “despite a difficult operating environment.” The company’s energy-storage business took in just over $3 billion in revenue, double the amount in the same period last year. …

Tesla’s quarterly profit falls 45% as sales drop despite price cuts
5 months ago

Tesla’s quarterly profit falls 45% as sales drop despite price cuts

LA Times  

Tesla’s second-quarter net income fell 45% compared with a year ago as the company’s global electric vehicle sales tumbled despite price cuts and low-interest financing. Earlier this month Tesla said it sold 443,956 vehicles from April through June, down 4.8% from 466,140 sold in the same period a year ago. For the first half of the year, Tesla has sold …

Rough road ahead for U.S. EVs despite upbeat quarterly sales
5 months, 3 weeks ago

Rough road ahead for U.S. EVs despite upbeat quarterly sales

The Hindu  

Better-than-expected U.S. electric-vehicle sales in the second quarter brought relief to investors after a sharp slowdown in demand triggered by high interest rates, but EV makers still face obstacles ahead. EV sales globally are expected to rise to 16.6 million vehicles annually, from 13.7 million in 2023, according to the International Energy Agency, with China’s growth outpacing other regions. Tesla …

Tesla shares rally over 10% as quarterly deliveries beat estimates
5 months, 3 weeks ago

Tesla shares rally over 10% as quarterly deliveries beat estimates

Hindustan Times  

Tesla's global sales fell for the second straight quarter despite price cuts and low-interest financing offers, another sign of weakening demand for the company's products and electric vehicles overall. For the first half of the year, Tesla sold 830,766 electric vehicles worldwide, handily beating China's BYD, which sold 726,153 EVs. Tesla also sold over 33,000 more vehicles during the second …

Tesla sales fall in Q2 despite price cuts
5 months, 3 weeks ago

Tesla sales fall in Q2 despite price cuts

Associated Press  

DETROIT — Tesla’s global sales fell for the second straight quarter despite price cuts and low-interest financing offers, another sign of weakening demand for the company’s products and electric vehicles overall. AP AUDIO: Tesla sales fall for second straight quarter despite price cuts, but decline not as bad as expected AP correspondent Tom Krisher reports Tesla sale numbers may be …

Tesla reclaims lead in electric vehicle sales despite year-on-year dip
7 months, 1 week ago

Tesla reclaims lead in electric vehicle sales despite year-on-year dip

India TV News  

Tesla, led by Elon Musk reportedly regained the top position in BEV sales in the first quarter of 2024, despite a 9 per cent decline. A new report showed on Monday that Tesla will take the top spot in BEV sales with a 19 per cent market share in Q1. According to Counterpoint Research, among the top three OEMs, only …

Car makers slash EV sales forecast for 2024 as public demand plummets
7 months, 2 weeks ago

Car makers slash EV sales forecast for 2024 as public demand plummets

Daily Mail  

New car registrations in the UK grew for the 21st consecutive month in April, rising by 1 per cent, the latest figures from the Society of Motor Manufacturers and Traders show. While BEV growth helped new car registrations rise in April, new BEV sales forecasts for 2024 are below ZEV mandate requirements New car registrations continued to grow for the …

Tesla’s China-made EV sales fall 18% year on year in April
7 months, 2 weeks ago

Tesla’s China-made EV sales fall 18% year on year in April

The Hindu  

U.S. automaker Tesla sold 62,167 China-made electric vehicles in April, down 18% from a year earlier, China Passenger Car Association data showed on May 7. China's new-energy vehicle sales including battery-powered EVs and plug-in hybrids were estimated to hit 8,00,000 units in April, up 33% on the year and a 2% drop from the month before, according to CPCA data. …

Tesla Quarter 1 profit falls 55%, company plans move to cheaper vehicles
8 months ago

Tesla Quarter 1 profit falls 55%, company plans move to cheaper vehicles

Hindustan Times  

Tesla’s first-quarter net income plummeted 55%, but its stock price surged in after-hours trading Tuesday as the company said it would accelerate production of new, more affordable vehicles. On a conference call with analysts, CEO Elon Musk said he expects production to start in the second half of next year “if not late this year.” New factories or massive new …

Musk's Tesla to report Q1 earnings: What to expect, points to watch for, experts' predictions
8 months ago

Musk's Tesla to report Q1 earnings: What to expect, points to watch for, experts' predictions

Hindustan Times  

Tesla is set to report its Q1 earnings on Tuesday, April 23. More recently, just a day ahead of the Q1 earnings call, Tesla stock dropped another 3.4%, falling to $142.05 per share. As investors await the latest earnings call, some of the pointers that are likely to be under watch are a potential new strategy, the possibility of the …

Tesla 1Q profit falls 55%, but stock jumps as company moves to speed production of cheaper vehicles
8 months ago

Tesla 1Q profit falls 55%, but stock jumps as company moves to speed production of cheaper vehicles

Associated Press  

Tesla’s first-quarter net income plummeted 55%, but its stock price surged in after-hours trading Tuesday as the company said it would accelerate production of new, more affordable vehicles. On a conference call with analysts, CEO Elon Musk said he expects production to start in the second half of next year “if not late this year.” New factories or massive new …

Tesla’s first-quarter net income tumbles 55% as falling global sales and price cuts reduce profits
8 months ago

Tesla’s first-quarter net income tumbles 55% as falling global sales and price cuts reduce profits

LA Times  

Tesla said it made $1.13 billion from January through March compared with $2.51 billion in the same period a year ago. Tesla’s first-quarter net income plummeted 55% as falling global sales and price cuts sliced into the electric vehicle maker’s revenue and profit margins. Tesla said in a letter to investors Tuesday that its vehicle sales growth “may be notably …

Tesla cuts the price of its “Full Self Driving” system by a third to $8,000
8 months ago

Tesla cuts the price of its “Full Self Driving” system by a third to $8,000

Associated Press  

NEW YORK — Tesla knocked roughly a third off the price of its “Full Self Driving” system — which can’t drive itself and so drivers must remain alert and be ready to intervene — to $8,000 from $12,000, according to the company website. The cuts, which occurred on Saturday, follow Tesla’s moves to slash $2,000 off the prices of three …

Tesla knocks $2,000 off prices for 3 EVs after shares crash 39% YTD on falling sales
8 months ago

Tesla knocks $2,000 off prices for 3 EVs after shares crash 39% YTD on falling sales

Live Mint  

Tesla knocked $2,000 off the prices of three of its five models in the United States late Friday, another sign of the challenges facing the electric vehicle maker led by billionaire Elon Musk. The company cut the prices of the Model Y, a small SUV which is Tesla's most popular model and the top-selling electric vehicle in the US, and …

Tesla cuts US prices for 3 of its electric vehicle models after a difficult week
8 months ago

Tesla cuts US prices for 3 of its electric vehicle models after a difficult week

Associated Press  

Tesla knocked $2,000 off the prices of three of its five models in the United States late Friday, another sign of the challenges facing the electric vehicle maker led by billionaire Elon Musk. The company cut the prices of the Model Y, a small SUV which is Tesla’s most popular model and the top-selling electric vehicle in the U.S., and …

Tesla shares tumble below $150 per share, giving up all gains made over the past year
8 months ago

Tesla shares tumble below $150 per share, giving up all gains made over the past year

Associated Press  

Tesla’s stock tumbled below $150 per share, giving up all of the gains made over the past year as the electric vehicle maker reels from falling sales and steep discounts intended to lure more buyers. Tesla sales fell sharply last quarter as competition increased worldwide, electric vehicle sales growth slowed, and price cuts failed to draw more buyers. Dan Ives, …

Tesla share price falls 37% in 2024 as Elon Musk’s EV maker suffers demand slowdown; market value drops below $500 bn
8 months, 1 week ago

Tesla share price falls 37% in 2024 as Elon Musk’s EV maker suffers demand slowdown; market value drops below $500 bn

Live Mint  

Tesla share price extended fall for 2024, pushing its market valuation briefly below $500 billion amid a round of job cuts this week underscoring that the company’s growth has slowed. Tesla shares have not closed with a market value under $500 billion since late April last year and stayed narrowly above the mark as of Tuesday’s close, Bloomberg News reported. …

Is the global EV bubble bursting? As global demand starts to slow, share prices tank and Tesla cuts 10% of the workforce....are car giants ready to slam the brakes on electric revolution?
8 months, 1 week ago

Is the global EV bubble bursting? As global demand starts to slow, share prices tank and Tesla cuts 10% of the workforce....are car giants ready to slam the brakes on electric revolution?

Daily Mail  

Elon Musk's announcement that Tesla will lay off ten percent of its workforce shocked many but it may be inline with figures that suggest the global demand for electronic vehicles is slumping across the world. In the first quarter of 2024, the two biggest manufacturers of electronic vehicles, Tesla and its Chinese rival BYD reported dramatic sales drops compared against …

Tesla planning to lay off over 10% of workforce amidst delivery dip
8 months, 1 week ago

Tesla planning to lay off over 10% of workforce amidst delivery dip

The Hindu  

Tesla plans to lay off over 10% of its workforce, or roughly 14,000 employees, according to a report by tech outlet Electrek. In a separate update, CEO Elon Musk, replied to a tweet on the departure of high level Tesla executives Drew Baglino, a former SVP of Powertrain and Energy, as well as Rohan Patel, who headed policy at Tesla, …

The EV market is in trouble: The latest sign is Tesla’s layoffs
8 months, 1 week ago

The EV market is in trouble: The latest sign is Tesla’s layoffs

LA Times  

The Tesla Cybertruck is the first new electric vehicle the company has released in several years. The financial difficulties at Fisker, the Manhattan Beach electric vehicle startup, became so severe, its stock price so battered, that it’ll get kicked off the New York Stock Exchange on April 22, or, more formally, be “delisted.” The big question is whether current conditions …

Tesla reports drop in auto sales, while Toyota sees US surge
8 months, 3 weeks ago

Tesla reports drop in auto sales, while Toyota sees US surge

Hindustan Times  

Tesla reported sharply lower first-quarter auto sales on Tuesday amid an underwhelming demand outlook for electric vehicles, while legacy players including Toyota rode improved US inventories to higher sales. Elon Musk's auto giant reported 386,810 global deliveries over the period, down 8.5 percent, reflecting in part a weak sales market in China, where it faces heavy competition from local electric …

Tesla sales tumble nearly 9%, most in 4 years, as competition heats up and demand for EVs slows
8 months, 3 weeks ago

Tesla sales tumble nearly 9%, most in 4 years, as competition heats up and demand for EVs slows

Associated Press  

DETROIT — Tesla sales fell sharply last quarter as competition increased worldwide, electric vehicle sales growth slowed, and price cuts failed to lure more buyers. But TD Cowen Analyst Jeffrey Osborne wrote in a note to investors that weaker March sales indicate that incentives, including discounts and a free trial of “Full Self Driving” software, “did not work as demand …

Why Tesla’s electric car bubble is threatening to burst
8 months, 3 weeks ago

Why Tesla’s electric car bubble is threatening to burst

The Telegraph  

The drop, the first since 2020, was far below even the most gloomy expectations of investment analysts. The company blamed the tough start to the year on teething problems with the production of its updated Model 3 at its Californian factory and “factory shutdowns resulting from shipping diversions caused by the Red Sea conflict and an arson attack at Gigafactory …

Tesla sales fall short of estimates in first drop since 2020
8 months, 3 weeks ago

Tesla sales fall short of estimates in first drop since 2020

LA Times  

Tesla sales fell short of estimates in the first three months of this year. Tesla Inc. suffered its first year-over-year sales drop since the early days of the COVID-19 pandemic. Wall Street had rapidly lowered projections for the Austin-based company’s deliveries as the first quarter came to a close, including some analysts who correctly predicted that the tally would come …

Tesla loses over $82 billion, stock plunges 12% in a single day after ‘disastrous’ earnings call
10 months, 4 weeks ago

Tesla loses over $82 billion, stock plunges 12% in a single day after ‘disastrous’ earnings call

Firstpost  

The stock value of Tesla saw a significant dip of just over 12% on Thursday following remarks by CEO Elon Musk highlighting the challenges posed by Chinese electric-car manufacturers, whom he referred to as “the most competitive car companies in the world.” During Tesla’s earnings call on Wednesday, Musk praised Chinese carmakers such as BYD, Geely, and SAIC, emphasizing their …

Tesla’s stock slides after profits come up short and EV maker warns of slowing growth in 2024
10 months, 4 weeks ago

Tesla’s stock slides after profits come up short and EV maker warns of slowing growth in 2024

Associated Press  

Shares of Tesla tumbled at the opening bell Thursday as the electric vehicle, solar panel and battery maker warned investors of slower sales growth this year after posting fourth-quarter results that were weaker than most had expected. In a letter to shareholders released Wednesday, Tesla warned that sales growth this year may be “notably lower” than the 2023 growth rate, …

Tesla 4Q earnings fall short of analyst estimates as company warns of lower sales growth this year
11 months ago

Tesla 4Q earnings fall short of analyst estimates as company warns of lower sales growth this year

Associated Press  

DETROIT — Tesla’s net income more than doubled last quarter thanks to a big one-time tax benefit, but it warned of “notably lower” sales growth this year. In its letter to shareholders released Wednesday, Tesla cautioned that sales growth this year may be “notably lower” than the 2023 growth rate, as it works to launch a more affordable next-generation vehicle …

Tesla hit by first ever drop in annual profits amid electric car price war
11 months ago

Tesla hit by first ever drop in annual profits amid electric car price war

The Telegraph  

Tesla has recorded its first ever drop in annual profits as it suffers the effects of an electric vehicle price war orchestrated by its chief executive, Elon Musk. It caps a challenging year for Tesla and Mr Musk, in which the company has been overtaken as the world’s best-selling electric car manufacturer by China’s BYD and its chief executive has …

Elon Musk’s Tesla loses $94 billion in market valuation as global EV market slows down
11 months, 1 week ago

Elon Musk’s Tesla loses $94 billion in market valuation as global EV market slows down

Firstpost  

Tesla, after a stellar 2023 where its shares more than doubled, is facing a rocky start to 2024, marking its worst beginning to any year in its history. Tesla’s market capitalization has taken its biggest hit since going public in 2010, with a 12% drop since the start of January, the largest in percentage terms since 2016. Despite Tesla’s recent …

Tesla slashes prices in China, struggling to keep a competitive edge in luxury EVs segment in booming market
11 months, 1 week ago

Tesla slashes prices in China, struggling to keep a competitive edge in luxury EVs segment in booming market

Firstpost  

Tesla has implemented price cuts of up to 6 per cent on its Shanghai-manufactured vehicles as it seeks to maintain its dominant position in the premium segment of the world’s largest electric vehicle market. These adjustments follow Tesla’s month-on-month sales growth of 15.7 per cent to 75,805 units in mainland China in December, according to data from the China Passenger …

Price cuts boost Tesla’s 4Q sales, beating estimates as electric vehicle growth rate slows
11 months, 3 weeks ago

Price cuts boost Tesla’s 4Q sales, beating estimates as electric vehicle growth rate slows

Associated Press  

DETROIT — Steep price cuts helped electric vehicle maker Tesla Inc. increase its fourth-quarter vehicle sales by almost 20% as EV sales growth slowed across the industry. Full-year sales numbers fell far short of CEO Elon Musk’s prediction of 50% sales growth in most years. Industry analysts expect the price cuts to trim Tesla’s profit margins when it reports earnings …

Tesla to rethink strategy, broaden appeal after record sales in 2023, go beyond EV enthusiasts
11 months, 3 weeks ago

Tesla to rethink strategy, broaden appeal after record sales in 2023, go beyond EV enthusiasts

Firstpost  

Tesla is expected to report yet another record year for deliveries in 2023, surpassing its goal of delivering 1.8 million cars, driven by the unwavering support of Elon Musk enthusiasts and tech-savvy early adopters. Despite achieving unprecedented delivery figures, Tesla’s numbers still pale in comparison to industry giants like Toyota, General Motors, and in case of EVs, BYD Motors. However, …

Tesla ready to open factory in India, but has this condition
1 year, 1 month ago

Tesla ready to open factory in India, but has this condition

Hindustan Times  

Tesla is ready to invest up to $2 billion to set up a factory in India if the government cuts import duty on its vehicles to 15% for the first two years of operations, the Economic Times reported on Friday. Prime Minister Narendra Modi met Tesla chief executive Elon Musk during a state visit to the US in June. The …

Are people giving up on EVs? Elon Musk lost $28 billion as Tesla took a beating last quarter
1 year, 1 month ago

Are people giving up on EVs? Elon Musk lost $28 billion as Tesla took a beating last quarter

Firstpost  

The sale of EVs is slowing down at an alarming pace. Tesla reported disappointing quarterly earnings for a variety of reasons, because of which Elon Musk lost about $28 billion in his personal wealth. Other automakers, are looking at options other than EVs Tesla, led by Elon Musk, reported disappointing quarterly earnings, prompting investors to reevaluate their expectations for the …

Tesla’s price cuts eat into Cybertruck maker’s profits as net income plunges 44% in the 3rd quarter
1 year, 2 months ago

Tesla’s price cuts eat into Cybertruck maker’s profits as net income plunges 44% in the 3rd quarter

Associated Press  

LOS ANGELES — Tesla’s net income slumped in the third quarter versus a year earlier, as price reductions helped drive strong sales growth but also ate into the automaker’s profit margins The Austin, Texas, maker of electric vehicles, solar panels and batteries on Wednesday reported net income of $1.85 billion for the July-September quarter, a 44% decline from a year …

Tesla prices now rival average U.S. cars after billions in cuts
1 year, 2 months ago

Tesla prices now rival average U.S. cars after billions in cuts

LA Times  

Some see Tesla’s price cuts as the cost of propping up demand after Chief Executive Officer Elon Musk’s acquisition of Twitter — now X Corp. — and his increasing engagement with right-wing politics. Black has used his widely followed social media account on X, formerly known as Twitter, to advocate for Tesla to spend money on traditional advertising campaigns rather …

Tesla 3Q sales rise 27% but fall short of expectations due softening demand and factory downtime
1 year, 2 months ago

Tesla 3Q sales rise 27% but fall short of expectations due softening demand and factory downtime

Associated Press  

Tesla’s summertime deliveries of electric vehicles surged 27% from last year but still fell below analyst projections as Elon Musk’s car company navigated through softening customer demand as well as factory upgrades. As usual, Tesla’s sales consisted primarily of its Model 3 and Model Y vehicles, which have been made even more attractive by rounds of price cutting that have …

Super Tesla, Super Elon Musk: EV maker earned over $25 bn last quarter, despite lowering margins
1 year, 5 months ago

Super Tesla, Super Elon Musk: EV maker earned over $25 bn last quarter, despite lowering margins

Firstpost  

Despite falling margins, Tesla had a blast in the last quarter, where it made over $25 billion. Tesla may very well become the most profitable car maker soon, as it is set to meet its projections this year, which will only be boosted by the Cybertruck Tesla made $2.7 billion in profit during the second quarter, which is 20 per …

Strong demand drives US new vehicle sales higher in the first half of the year
1 year, 5 months ago

Strong demand drives US new vehicle sales higher in the first half of the year

Associated Press  

Demand for new SUVs, trucks and cars in the U.S. picked up steam in the second quarter, but the stronger sales kept prices high for consumers. Electric vehicle sales continued to rise during the first half of the year to more than 557,000 vehicles, or 7.2% of all new vehicle sales. In all of last year, consumers bought just over …

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