Tag: $Tesla

Tesla posted its third-quarter vehicle production and deliveries report on Wednesday. The stock fell about 2% in premarket trading after the report.

Tesla is yet to receive regulatory permission to launch its FSD product in Europe and China, but Musk in July said that he expects to get this clearance by the end of 2024.

U.S. automaker Tesla’s sales of China-made electric vehicles rose 15.3% from a year earlier to 74,117 units in July, data from the China Passenger Car Association (CPCA) showed on Friday.

Tesla reported weaker-than-expected earnings for the second quarter as automotive sales dropped for a second straight period. The stock slid more than 8% in extended trading

Tesla shareholders will appear in court on Monday to argue that an unprecedented request for more than $7 billion in attorneys’ fees to be paid by the company is “outlandish,” the latest twist in a legal showdown over Musk’s $56 billion pay package.

Tesla shares saw more gains in premarket trading Wednesday, after jumping 10% in the previous sessions following the release of second-quarter vehicle production and deliveries figures that beat analyst expectations.

China’s BYD posted a 21% rise in second-quarter electric vehicle sales, closing the gap with Tesla after handing back the world’s top EV vendor title to the U.S. rival in the first quarter.

Tesla is expected to report second-quarter deliveries on Tuesday. For the second quarter, the most current Wall Street estimates point to about 420,000 cars delivered, down from some 466,000 delivered in the second quarter of 2023.

Tesla’s largest outside investor Vanguard said it voted in favor of CEO Elon Musk’s $56 billion pay package, citing the company’s performance, contributing to the passage of the record-setting arrangement on Thursday.

Shares of Tesla popped in premarket trading, after Elon Musk said shareholders are set to approve his controversial $56 billion pay package and a resolution to move the electric carmaker’s incorporation to Texas.

Tesla on Thursday said it will likely increase the Europe prices of its Model 3 vehicle from July 1 after the European Union said it could impose provisional higher tariffs on electric cars imported from China.

Billionaire investor Ron Baron, longtime Tesla bull and shareholder, wrote an open letter in support of CEO Elon Musk’s controversial $56 billion pay package.

Tesla has cut output of its best-selling Model Y electric car by a double-digit percentage number at its Shanghai plant since March, according to industry data and a source.

Shares of Tesla rose sharply in U.S. premarket trading on Monday after the electric car maker passes a significant milestone to roll out its full self-driving technology in China.

Tesla reported a 9% drop in revenue in the first quarter, the steepest year-over-year decline since 2012.

Tesla reportedly cut the starting price of its Model 3 in China to 231,900 yuan ($32,000) on Sunday, a reduction of 14,000 yuan.

Tesla on Wednesday asked its shareholders to once again approve CEO Elon Musk’s record-breaking $56 billion pay that was set in 2018, but was rejected by a Delaware judge in January.

Tesla stock fell Monday as investors digested news about potential production problems and potential layoffs amid slowing growth for electric vehicles and rising geopolitical tensions.

Tesla stock briefly dived in midday trading Friday after Reuters reported the electric-vehicle company wouldn’t build the lower-priced all-electric vehicle Wall Street refers to as the Model 2.

Tesla will send a team to India this month to scout locations for an EV plant, estimated to be worth $2 billion to $3 billion, Financial Times reported on Wednesday.