Tesla Inc
Chinese EV startups are spending more on research than Tesla is
Nio’s second factory in the city of Hefei has around 2,000 human workers and 756 robots. CNBC | Evelyn Cheng BEIJING – U.S.-listed Chinese electric car companies are spending more on research as a ratio to sales than Tesla, according to CNBC analysis of the four automakers’ first-quarter earnings. It’s a strategy for survival in […]
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Biden says ‘defense of democracy’ drove his exit in Oval Office address
U.S. President Joe Biden addresses the nation from the Oval Office of the White House in Washington, Wednesday, July 24, 2024, about his decision to drop his Democratic presidential reelection bid. Evan Vucci | Via Reuters President Joe Biden on Wednesday night told the American public that “the defense of democracy is more important than […]
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Stocks making the biggest moves midday: Lamb Weston, Tesla, Enphase Energy and more
Check out the companies making headlines in midday trading. Lamb Weston –The potato and French-fry company tanked 27% after issuing a disappointing report for the fiscal fourth quarter. Lamb Weston generated adjusted earnings of 78 cents per share on $1.61 billion of revenue. Wall Street analysts were looking for $1.26 per share in earnings on […]
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Stocks making the biggest moves premarket: Alphabet, Tesla, Texas Instruments, Meta Platforms and more
Check out the companies making headlines in premarket trading. Alphabet — Shares of the Google parent-company slipped nearly 4% before the opening bell. Advertising revenue in Alphabet’s YouTube segment undershot expectations in the second-quarter and overshadowed results that beat analyst estimates on the top and bottom line. Tesla — Stock in the electric vehicle company […]
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Tesla shares fall 7% in premarket trading after earnings miss
Elon Musk, CEO of Tesla. Antonio Masiello | Getty Images Tesla shares fell more than 8% in premarket trading in the U.S. after the electric carmaker reported second-quarter earnings that missed expectations amid ongoing pressure in its auto business. The stock pared losses to trade down 7.3% at 04:37 ET. Elon Musk’s electric vehicle firm […]
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Elon Musk says he expects China to approve Tesla’s Full Self-Driving by the end of the year
Tesla China sales fell by 5.4% in the first half of the year, although the company retained third place in new energy vehicle sales, behind BYD and Geely, according to the China Passenger Car Association. Bloomberg | Bloomberg | Getty Images BEIJING — Tesla CEO Elon Musk has again touted the impending rollout of advanced […]
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CNBC Daily Open: Nasdaq futures fall as Alphabet, Tesla earnings disappoint
Traders work on the floor of the New York Stock Exchange (NYSE) on July 22, 2024 in New York City. Spencer Platt | Getty Images This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they […]
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Chinese EV stocks drop as Tesla’s earnings miss, General Motors delays EV plans
Spectators are looking at BYD Song L electric cars at the 21st Changchun International Automobile Expo in Changchun, Jilin province, China, on July 17, 2024. (Photo by Costfoto/NurPhoto via Getty Images) Nurphoto | Nurphoto | Getty Images Shares of major Chinese electric vehicle companies dropped Wednesday after U.S. giant Tesla‘s earnings fell short of analysts’ […]
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Elon Musk wants Tesla to invest $5 billion into his newest startup, xAI — if shareholders approve
Musk is attending Cannes Lions this week with an aim to reassure ad groups and global brands over the future of X. Marc Piasecki | Getty Images 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. Specifically, […]
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