Tesla’s stock fell by 8% in pre-market trading on Wednesday after the company reported its lowest profit margins in five years. This has highlighted the need for Tesla to introduce more affordable electric vehicles (EVs) to boost sales instead of relying on price cuts. Falling Profit Margins and Market Reaction Tesla’s efforts to increase sales … Continue reading “Tesla Stock Drops as Profit Margins Fall, Emphasizing Need for Cheaper EVs”
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Tesla’s stock dropped 10% in early trading on Wednesday following its mixed second-quarter results. Despite the decline, the company confirmed its plan to introduce new, more affordable electric vehicles (EVs) in early 2025. CEO Elon Musk also announced that the robotaxi reveal is now scheduled for October 10, delayed from the initial August 8 date. … Continue reading “Tesla Stock Drops 10% After Mixed Q2 Results; Affordable EVs and Robotaxi Reveal Set for 2025”
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Global stock markets fell sharply on Thursday following a major selloff on Wall Street. Tokyo’s main index lost over 1,300 points at one point, closing down more than 3%, as global pessimism took hold. European Markets Drop Major European stock indices also fell: France’s CAC 40 dropped 1.5% to 7,400.08. Germany’s … Continue reading “Global Stock Markets Drop After Wall Street Tech Selloff”
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Tesla CEO Elon Musk, who said he would stay on the sidelines during this election, will spend $45 million per month to elect Donald Trump, a presidential candidate who has repeatedly targeted EVs during his campaign and who has promised to end EV incentives in exchange for a billion dollars in bribes from the oil … Continue reading “Just after his huge stock grant, Elon Musk commits $45M/month to harm EVs”