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After Tesla's stock slide, Magnificent Seven face tests to keep market's throne

After Tesla's stock slide, Magnificent Seven face tests to keep market's throne

Sun, Jan 28, 2024

Tesla shares have tumbled more than 26% so far in 2024 after the electric-vehicle maker reported a fourth-quarter operating margin that has almost halved to 8.2 per cent from the year-earlier period. Tesla also warned that it expects slower sales growth this year, CNN reported.

EV sales growth may be 'notably lower' in 2024: Tesla

EV sales growth may be 'notably lower' in 2024: Tesla

Thu, Jan 25, 2024

Tesla cautioned that the growth of its vehicle sales “may be notably lower” in 2024 as it prepares to launch a new vehicle platform for cheaper EVs.

Tesla Faces Disappointment with Results, Share Drops 6% in Post-Market Trading

Tesla Faces Disappointment with Results, Share Drops 6% in Post-Market Trading

Thu, Jan 25, 2024

Mixed trading in the US for the second consecutive day, S&P 500 made a new record for the fourth consecutive day, action in Nasdaq increased by 10% in NETFLIX, Nasdaq closed at a new record high. Action in other stocks also on the basis of results - Tesla's results disappointed, Tesla shares down 6% in post market trading. Strong results of IBM, shares up 8% in post market. GDP figures for Q4 and 2023 will be released in US today. gold at 1 week low

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Why Elon Musk dumped $72 billion private 'party' to keep Tesla public; what he plans next

Why Elon Musk dumped $72 billion private 'party' to keep Tesla public; what he plans next

Sat, Aug 25, 2018

After giving the 'going private' scare, Elon Musk has decided to give up the pursuit of $72 billion to take his electric car maker Tesla private.

Whistleblower accuses Tesla of spying on employees at Gigafactory - attorney

Whistleblower accuses Tesla of spying on employees at Gigafactory - attorney

Fri, Aug 17, 2018

The complaint sent to the SEC comes amid intense focus on the company and Chief Executive Elon Musk, whose tweets about taking the company private last week set off a scramble to determine whether he violated securities law in stating that funding for the deal was "secured."

Elon Musk shocks markets, says taking Tesla private in $72 bn deal

Elon Musk shocks markets, says taking Tesla private in $72 bn deal

Wed, Aug 08, 2018

Chief Executive Elon Musk said on Tuesday he is considering taking Tesla Inc private in what would be the largest deal of its type, moving the electric car maker out of the glare of Wall Street as it goes through a period of rapid growth under tight financial constraints.

This is whom Tesla chief Elon Musk tweet will hit the most

This is whom Tesla chief Elon Musk tweet will hit the most

Wed, Aug 08, 2018

It would be the ultimate black eye for short sellers. A buyout of electric carmaker Tesla Inc., led by entrepreneur CEO Elon Musk, would cap a painful ride for short sellers, who have amassed more than $13 billion in bets that the company will founder and deliver them a huge windfall.

Tesla will tap local debt to fund $2 billion Shanghai Gigafactory: Elon Musk

Tesla will tap local debt to fund $2 billion Shanghai Gigafactory: Elon Musk

Thu, Aug 02, 2018

Tesla Inc said on Wednesday that it would raise capital from Asian debt markets to fund the construction of its third "Gigafactory," which will be located in Shanghai and cost an approximate $2 billion.

Tesla shares drop 6.6 pct on report that it asked suppliers for refunds

Tesla shares drop 6.6 pct on report that it asked suppliers for refunds

Mon, Jul 23, 2018

The memo, which the paper said was sent by a global supply manager, described the request as essential to Tesla`s continued operation and characterized it as an investment in the car company to continue the long-term growth between both players.

Tesla hits 5,000 Model 3 electric car production target

Tesla hits 5,000 Model 3 electric car production target

Mon, Jul 02, 2018

The electric car maker said Model 3 production tripled to 28,578 in its second quarter from the first quarter, adding that it expects to increase production to 6,000 per week by late next month.

Tesla chief Elon Musk 'to build world's biggest battery' in Britain, wipe out this area

Tesla chief Elon Musk 'to build world's biggest battery' in Britain, wipe out this area

Sun, Jul 01, 2018

Billionaire founder of Tesla, Elon Mask will reportedly build the world's largest battery in Britain, even as green campaigners are fighting to block the £400 million plan as it will virtually wipe out the area

Panasonic flags battery cell shortages as Tesla Model 3 output picks up

Panasonic flags battery cell shortages as Tesla Model 3 output picks up

Fri, Jun 29, 2018

Silicon Valley tech billionaire and Tesla Chief Executive Elon Musk earlier this month said his company should achieve its 5,000 cars-per-week target by the end of June, provoking scepticism from some Wall Street analysts.

Tesla job cuts: Elon Musk company to sack 3000 staffers; CEO to blame?

Tesla job cuts: Elon Musk company to sack 3000 staffers; CEO to blame?

Wed, Jun 13, 2018

The biggest job cut in Tesla’s 15-year history underscores the pressure Musk is under to stop burning through money -- and start making some. So far, the company has cumulatively lost about $5.4 billion, and even most optimists don’t believe the red ink will end there. The carmaker may lose another $1.3 billion over the next four quarters, according to analyst estimates compiled by Bloomberg.

Tesla job losses: Elon Musk says set to sack 9% of staff

Tesla job losses: Elon Musk says set to sack 9% of staff

Wed, Jun 13, 2018

Tesla, the company that is known for its innovation in automotive and spacecraft technologies, has bad news for its staff. The Elon Musk led company in a bid to restructure its workforce, will reportedly lay off around 9 percent of its workforce.

Tesla job losses: Elon Musk says set to sack 9% of staff

Tesla job losses: Elon Musk says set to sack 9% of staff

Wed, Jun 13, 2018

Tesla CEO Elon Musk has shot off a letter saying firm will be sacking 9% staff

Elon Musk letter: Tesla to lay off 9% workers

Elon Musk letter: Tesla to lay off 9% workers

Wed, Jun 13, 2018

Tesla CEO Elon Musk has announced that the luxury auto manufacturing firm will lay off 9 per cent of its workforce to show that it can be profitable after being unable to move into the black so far in the 15 years since it was founded.

Worker testifies that Tesla stopped him from organizing union

Worker testifies that Tesla stopped him from organizing union

Tue, Jun 12, 2018

Michael Sanchez, who has worked at Tesla since 2012 and is currently on medical leave, said he was asked to leave by security guards and a supervisor while handing out leaflets to colleagues outside a Tesla facility in February 2017.

New Tesla Roadster to fly? Elon Musk says SpaceX rockets coming to this 'out of the world' car

New Tesla Roadster to fly? Elon Musk says SpaceX rockets coming to this 'out of the world' car

Tue, Jun 12, 2018

Elon Musk, Tesla CEO, may well be coming up with another innovative creation. This time he is not using rocket technology in spacecraft, he has something else in mind

Tesla share price rises as Elon Musk says Model 3 set to hit target

Tesla share price rises as Elon Musk says Model 3 set to hit target

Thu, Jun 07, 2018

Tesla`s future profitability hinges on ramping up its affordable sedan but the company has so far failed to meet its weekly target of 5,000 cars due to production bottlenecks.

Tesla to 'challenge' rules that do not allow it to enter India? See what Elon Musk said

Tesla to 'challenge' rules that do not allow it to enter India? See what Elon Musk said

Thu, May 31, 2018

Elon Musk in a tweet last year had also hinted that Tesla may have to put its India plans on hold owing to local sourcing norms and supply issues.

Tough government rules keep Tesla away from Indian roads: Elon Musk

Tough government rules keep Tesla away from Indian roads: Elon Musk

Wed, May 30, 2018

Tesla CEO Elon Musk said on Wednesday that he would love to roll out Tesla electric cars in India but the tough government regulations have forced him to apply the brakes on his plans till date

Consumer groups ask US agency to probe Elon Musk led Tesla 'Autopilot' ads

Consumer groups ask US agency to probe Elon Musk led Tesla 'Autopilot' ads

Thu, May 24, 2018

The Center for Auto Safety and Consumer Watchdog, both non-profit groups, sent a letter to the FTC saying that consumers could be misled into thinking, based on Tesla`s marketing and advertising, that Autopilot makes a Tesla vehicle self-driving.

Elon Musk brings technology charm offensive to Los Angeles tunnel plan

Elon Musk brings technology charm offensive to Los Angeles tunnel plan

Fri, May 18, 2018

Billionaire entrepreneur Elon Musk is bringing his technology charm offensive to an attempt at digging a tunnel beneath part of Los Angeles to test designs for a high-speed subterranean transportation network he envisions for the city.

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