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Tesla Inc

All articles tagged with #tesla inc

business1 month ago•4 min saved

Tesla profits dive as discounts and fading credits dent results

Tesla’s Q2 profit fell 17% to $1.2B as heavy discounting to boost EV demand weighed on margins, and revenue from regulatory credits collapsed to $146M from $439M. Automotive margin excluding credits came in at 16.3%, below expectations, with US demand hampered after the loss of a $7,500 tax credit. The company is accelerating a pivot to semiconductors, autonomous taxis and humanoid robots, boosting capex by 142% to $5.79B and posting a quarterly cash burn of $1.1B despite record deliveries of 480,126 and revenue rising 26% to $28.2B. Musk signaled 2026 capex above $25B as AI and chip initiatives expand.

via Financial Times|

#business #corporate-earnings-and-results #electric-vehicles

technology5 months ago•19 min saved

Musk's robo-utopia spurs a billionaire robotics race

Elon Musk envisions a future where billions of humanoid robots do all work, eliminating poverty and making labor optional, as Tesla pivots to robotics and SpaceX backs AI software via xAI. A wave of billionaire investments in robotics—often called “physical AI”—could reshape industry and society, but experts warn of potential job displacement and widening inequality as automation accelerates.

via The Washington Post|

#artificial-intelligence #elon-musk-entrepreneur #robotics

businesstechnology2 years ago•0 min saved

"Argentine President Milei Visits Tesla Factory to Meet Elon Musk"

Argentine President Javier Milei will meet with Elon Musk at Tesla's factory in Austin, Texas, during Musk's week-long trip abroad. The meeting was originally scheduled for Saturday but has been rescheduled to Friday morning.

via Bloomberg|

#argentina #austin #businesstechnology

businessfinance2 years ago•0 min saved

"Elon Musk's Ketamine Prescription: A Boon for Investors"

Elon Musk stated that his prescribed use of ketamine helps alleviate low moods and is in the best interest of investors in Tesla Inc. and his other companies, emphasizing that what matters to investors is execution and that if there is something he's taking that contributes to Tesla's success, it should be continued.

via Bloomberg|

#businessfinance #elon-musk #investors

business2 years ago•1 min saved

Lucid's Stock Plummets as Q4 EV Deliveries Fall Short

Lucid Group Inc.'s stock plunged to another record low after the company's fourth-quarter electric vehicle deliveries fell short of Wall Street expectations, with shares sinking 6.9% in midday trading. The company reported delivering 1,734 EVs, missing the FactSet consensus of 2,000, and producing 2,391 vehicles in the fourth quarter, down about 32% from last year. This disappointing news also impacted other EV makers, with Tesla Inc. and Rivian Automotive Inc. seeing declines in their stock prices.

via MarketWatch|

#business #electric-vehicles #ev-deliveries

business2 years ago•0 min saved

"Nio's Stock Rebounds from 3-Year Low, Ending 5-Day Losing Streak"

Nio Inc.'s stock bounces off a three-year low, rising 0.8% in premarket trading after a four-day losing streak. The stock was supported by a gain in the Shanghai Composite Index, while peers Li Auto Inc. and Xpeng Inc. also saw gains. Tesla Inc., the Texas-based EV giant, generated a significant portion of its third-quarter revenue.

via MarketWatch|

#business #electric-vehicles #nio-inc

finance2 years ago•0 min saved

"NVDA Stock's Potential 10% Drop Threatens 2023 Rebound"

Concerns are rising about the impact of a potential 10% fall in Nvidia Corp. stock on the S&P 500 index and Nasdaq Composite, as Tesla Inc. has already seen a 20% decline in its shares over the past three months. The recent poor earnings report from Nvidia has added to worries about the stock's performance.

via MarketWatch|

#finance #nasdaq-composite #nvidia-corp

stock-market2 years ago•0 min saved

Tesla Stock Plummets, Raises Concerns Amid Market Volatility

Tesla Inc. stock fell 4.23% on Friday, underperforming the overall stock market, as the NASDAQ Composite Index and Dow Jones Industrial Average also experienced losses. This marked the third consecutive day of losses for Tesla. The stock closed $54.41 below its 52-week high and had higher trading volume than its 50-day average.

via MarketWatch|

#dow-jones-industrial-average #nasdaq-composite-index #stock-market

finance3 years ago•2 min saved

"Cathie Wood's Latest Tech Investments: Meta, AI, and TSMC"

Cathie Wood's ARK Investment Management bought shares of Meta Platforms Inc., the company behind Facebook, for the first time since 2021. The flagship ARK Innovation ETF and the Ark Next Generation Internet ETF added shares of Meta while selling some of their Tesla Inc. holdings. Tech stocks have surged this year, with the Nasdaq 100 up 35% and Meta up 125%. Cathie Wood became popular during the pandemic as her funds surged, but her suite of products, including ARKK, have suffered more recently.

via Yahoo Finance|

#ark-investment-management #cathie-wood #facebook

business3 years ago•1 min saved

Lucid's Q1 production and deliveries disappoint.

Lucid Group Inc reported lower production and delivery figures for Q1 2022, in line with its guidance of weak production this year. The luxury electric car-maker produced 2,314 vehicles and delivered 1,406 in the quarter ended Mar. 31, lower than the 3,493 vehicles produced and 1,932 delivered in the December quarter. The company was hit by aggressive price cuts sparked by Tesla Inc that lured consumers away from its luxury cars amid rising interest rates and high inflation.

via Yahoo Finance|

#business #deliveries #electric-vehicles