The Detroit carmaker is creating a domestic supply base to make EVs cheaper and profitable aided by Kurt Kelty, who landed Tesla’s top battery supplier in its early days.
Still, during Tesla's fourth-quarter earnings call on the evening of January 29, he sent a characteristically blunt message to those who doubted him along the way. "Very few people understand the value of self-driving and [Tesla's] ability to monetize the fleet.
[UPDATE] Tesla and General Motors stand to bear the brunt of the elimination of the federal EV tax credit.
Tesla investors will look for more details on the automaker's lower-priced model when it reports quarterly results on Wednesday.
The electric car company run by Elon Musk is facing increasing competition, but investors have focused mostly on the prospects for Tesla’s self-driving technology.
Tesla stock opened down 0.7% at $395.19 ahead of earnings. Coming into this report, Tesla stock has fallen for five of the past six trading days, losing almost 7% over that span. The year-over-year gain is worth more than the market value of General Motors,
Another self-driving car service is coming to Texas. Not long after Waymo started offering robotaxi rides to select Austinites, Tesla announced plans to put its own cars on the road with a fleet of vehicles set to launch in Austin in June.
The robotaxi service Musk said will launch in June will likely be distinct from the purpose-built “Cybercab” vehicles that it touted at a splashy LA event in October. Tesla said at the time that it would aim to start manufacturing its Cybercab—which won’t have a steering wheel or pedals—sometime before 2027.
Our proven model does not conclusively predict an earnings beat for Tesla. The combination of a positiveEarnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an ...
Owners of the electric Lucid Gravity SUV will gain access to Tesla’s Supercharging network starting January 31. The Gravity is Lucid’s second
Tesla reported lower than expected profits Wednesday, citing declining vehicle prices as a factor as it projected a return to volume growth in 2025. "With the advancements in vehicle autonomy and the introduction of new products,
The revenue from Super Cruise "is much higher-margin than manufacturing vehicles" and would pave the way for consumer acceptance of completely self-driving cars, said Morningstar analyst David Whiston.