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Why Tesla Stock Fell on Tuesday

Tesla's top and bottom lines both came in ahead of analyst estimates. One analyst thinks the growth stock's valuation is too high. The electric-car maker saw record vehicle demand in Q2. What happened. Shares of Tesla (NASDAQ:TSLA) fell sharply on Tuesday, declining nearly 4% as of 11:40 a.m. EDT. The...
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CNBC

Elon Musk snipes at Apple twice on Tesla earnings call

Tesla CEO Elon Musk sniped at Silicon Valley neighbor Apple twice during a conference call to discuss Tesla earnings on Monday. The first time, he said that Apple uses more cobalt in its batteries than Tesla did. The second time, after he referred to "walled gardens," he fake coughed and...
BUSINESS
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InvestorPlace

Don’t Listen to TSLA Stock Bears — Tesla Isn’t an Auto Company

Tesla’s (NASDAQ:TSLA) earnings were great yesterday, much to the chagrin of bears. And rather than seeing the big mess they wanted to see, bears saw a big beat. And TSLA stock rose. But the Tesla bears aren’t satisfied and are reverting to the valuation argument. That argument goes something like...
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Investopedia

Musk Provides Tesla (TSLA) Cybertruck Design Updates

Tesla, Inc.'s (TSLA) colorful CEO Elon Musk has provided updates on the company’s Cybertruck, launched with a splash in 2019, and suggested that it could end up becoming a flop in the market. On Twitter, Musk's favorite social media platform, the CEO wrote that the car's doors would not have...
ECONOMY
teslarati.com

Goldman Sachs predicts Tesla (TSLA) revenue growth after raising EV demand outlook

Goldman Sachs believes Tesla (NASDAQ:TSLA) is well-positioned for revenue growth and margin expansion after raising its EV demand outlook. On Wednesday, the European Commission announced its plans to end the sale of polluting vehicles by 2035. Following the EU’s proposal to end the sale of ICE and hybrid cars by 2035, Goldman Sachs released a research note forecasting a 20% rise in EV sales for the next 20 years. The investment bank expects to see a 56% rise in EV sales ratio by 2040, up from 48% previously.
ECONOMY
electrek.co

Tesla (TSLA) increases Model 3 and Model Y prices again

Tesla (TSLA) has again increased Model 3 and Model Y prices in an overnight update to its online configurator. It’s the seventh price increase of the year. While Tesla often changes pricing across its vehicle lineup, this year has been particularly busy when it comes to price changes. In February,...
ECONOMY
FXStreet.com

Tesla Stock Earnings Preview: Why is TSLA up? Earnings due just after the close

Tesla releases results after the closing bell today, Monday, July 26. TSLA has been largely trading rangebound along with the 200-day moving average. Results to June should at least give some direction to the stock. Update: Tesla is making an early break higher ahead of the results being published after...
STOCKS
Investopedia

Tesla (TSLA) CEO Elon Musk Again Moves Crypto Prices

Tesla, Inc. (TSLA) CEO Elon Musk is at it again. The irrepressible entrepreneur, whose tweets are blamed for crashing the price of Bitcoin (BTCUSD) earlier this year, again moved prices in cryptocurrency markets yesterday. At the B Word conference, Musk disclosed that his private space exploration company SpaceX owned Bitcoin...
STOCKS
Forbes

Tesla Q2 Sales Seen Strong On Record-Breaking Deliveries, But Bitcoin Slump Flashes Caution Sign

Investor concerns include chip shortage, competition, and bitcoin value decrease. Strong EV demand in China, but does that include Teslas. Tesla (TSLA) announced record-breaking electronic vehicle (EV) deliveries in Q2 and has continued to outproduce competitors in the midst of a global microchip shortage. But it’s been a bit of a rough ride for the pioneering EV’s share price as competitors rev their engines.
ECONOMY
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