Tesla is planning to lay off 693 employees at its Nevada facilities as part of a broader 10% reduction in its workforce, announced earlier this […]
Tag: Elon Musk
Tesla’s Q1 2024 Earnings Report: Mixed Results with Revenue Beat but Missed EPS and Free Cash Flow Concerns
Tesla’s earnings for Q1 2024 show an EPS of $0.45, slightly below the estimated $0.51. Revenue stood at $21.30 billion, Vs estimated $20.94 billion. GAAP […]
Tesla Cancels Highly Anticipated Affordable Car, Disappointing Investors’ Mass-Market Expectations: Reuters
Tesla has reportedly scrapped its long-awaited affordable car, a vehicle investors had anticipated to propel its expansion into the mass-market automotive sector, as per information […]
Tesla’s Full Self-Driving Fleet Surpasses 1 Billion-Mile Milestone: A Testament to Autonomous Driving Innovation
Tesla $TSLA has reached a significant milestone with its Full Self-Driving (FSD) fleet surpassing 1 billion miles (1.6 billion kilometers) of combined driving experience. This […]
Tesla Offers Free Trial of Full Self-Driving System, Sparks Investor Excitement
Tesla’s CEO, Elon Musk, has announced that every Tesla car in the US will get a free one-month trial of the Full Self-Driving (FSD) system, […]
HSBC Lowers Tesla’s Price Target to $138, Citing Affordability Doesn’t Guarantee Sales Growth
HSBC has lowered Tesla’s price target to $138 from $143, explaining that the increased affordability of cars doesn’t always result in higher sales volume. The […]
Analyst Perspectives: Oppenheimer and Wedbush Assess Tesla’s Performance and Prospects
In Q1, Tesla’s deliveries fell short of expectations, totaling 386,810 vehicles compared to the estimated 449,080. Despite producing over 433,000 vehicles, only 387,000 were delivered. […]
Senator Warren Urges SEC to Investigate Tesla’s Board Independence
Senator Elizabeth Warren from Massachusetts has purportedly called on the Securities and Exchange Commission to conduct an investigation into Tesla Inc.’s activities. Warren penned a […]
Elon Musk Files Lawsuit Against OpenAI: Allegations of Breach in Mission for Humanity
Elon Musk has filed a lawsuit against OpenAI and its CEO, Sam Altman, citing a significant breach of their founding agreement. The legal action highlights […]
Elon Musk, Suggested the possibility of introducing XMail, a potential competitor to Google’s Gmail
Elon Musk, the CEO of SpaceX and Tesla, hinted at launching XMail, a possible rival to Google’s Gmail. Musk’s announcement comes as Google faced criticism […]
Tesla Faces Downgrade from Brokerages Following Disappointing Q4 Earnings Report
• Tesla continues its trend of declining more than 13% following earnings reports, experiencing a 30% decrease in the past 6 months and a 25% […]