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Tesla's energy storage business was the highlight of its blowout earnings, and Elon Musk says it's 'growing like wildfire'

Energy storage accounts for almost 10% of total Tesla revenue so far in 2024. Elon Musk sees it as …

Tom Carter   


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Tesla earnings have reinvigorated investors but some growth drivers look 'unsustainable,' JPMorgan says

Tesla closed 22% higher on Thursday in its best day in over a decade, but analysts at JPMorgan say …

Kelly Cloonan   


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3 mins read

Wall Street shifts focus back to Tesla's core auto business ahead of earnings as robotaxi hype fades

Wall Street analysts said Tesla needs to release a low-cost "Model 2" vehicle and update its curren…

Matthew Fox   


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Elon Musk cancels trip to India as Tesla's struggles continue in the US

Elon Musk shared the announcement in an X post on Saturday, just three days before Tesla's Q1 earni…

BI India Bureau   


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Tesla investors want answers about Elon Musk's long-rumored $25,000 EV

Ahead of Tesla's Q3 earnings call on Wednesday, retail investors are clamoring for more detail abou…

Tom Carter   


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Stock market today: S&P 500 snaps 3-day losing streak as Tesla surges 22%

The S&P 500 ended higher for the first time this week as Tesla surged 21% after posting a strong ea…

Kelly Cloonan   


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1 min read

Elon Musk says making a regular $25,000 Tesla would be 'pointless' as he goes all-in on robotaxis

The Tesla CEO said it should be "blindingly obvious" that self-driving electric cars are the future…

Tom Carter   


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Barclays slashes its Tesla stock price target by 20%, gives 3 reasons why next week's Q1 earnings call will disappoint

"Tesla's deeply challenged near-term fundamentals are taking the backseat to a much larger issue, a…

Matthew Fox   


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5 mins read

Tesla's unique approach to sales is giving it headaches

Tesla's sales conundrum represents a common mistake tech companies make: pushing for innovation in …

Dan DeFrancesco   


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GameStop craters as earnings show sales falling and profits driven mostly by its huge cash pile

GameStop's surprise profit was driven primarily by interest earned on its $4 billion cash pile, rat…

Matthew Fox   


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Tesla shareholders are pressing Musk to release new models

Investors are asking when Tesla plans to release new EVs in an online Q&A forum ahead of the automa…

Tom Carter   


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5 mins read

Welcome back to Wall Street earnings season

Among other things, bankers and investors will be keeping an eye out for updates on Jamie Dimon's r…

Jordan Parker Erb   


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'A rip the band-aid off quarter': Here's what Wall Street expects from Tesla earnings amid an epic stock skid

Tesla is facing uncertainty as it pivots away from low-cost vehicles toward autonomous driving and …

Matthew Fox   


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1 min read

Tesla profits plunge 44%, Cybertruck won't be profitable till 2025

Elon Musk-run Tesla saw its profits nosediving 44 per cent to $1.85 billion in the third quarter (Q…

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Nasdaq tumbles 3% in worst day of the year amid tech-earnings rout

The Nasdaq dropped sharply as earnings from Tesla and Google's parent, Alphabet, missed investors' …

Jennifer Sor   


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Tesla quietly spent $2 million on a technology Elon Musk previously trashed as a 'fool's errand'

Tesla was the biggest customer for lidar manufacturer Luminar last quarter, according to its earnin…

Ana Altchek   


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3 mins read

Tesla is stuck in the mud

Tesla's sales slump and massive layoffs have ratcheted up the pressure on CEO Elon Musk and his rob…

Graham Rapier   


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Tesla to unveil Robotaxi on August 8, Elon Musk announces

In a post on X, Musk stated, "Tesla Robotaxi unveil on 8/8." ​​​In the past, Musk has expressed lik…

ANI   


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Elon Musk is throwing the distant dream of a 'sentient' Optimus robot at Tesla's shareholders

"As I've said before, I think Optimus will be more valuable than everything else combined," Musk to…

Kwan Wei Kevin Tan   


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Elon Musk needs to explain the latest layoffs at next week's earnings to soothe investors amid a 'horror show' for Tesla, Wedbush's Dan Ives says

Tesla's layoffs are adding to the "horror show" investors have been dealing with in recent months, …

Jennifer Sor