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Tesla (NYSE: TSLA) has lowered the prices of select Model Y variants in China and launched lower-priced versions of Model S and Model X in the US as the Elon Musk-run company looks to spur sales. Tesla lowered the prices of two variants of its Model Y crossover in China by around $2,000 and offered…
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Tesla (NYSE: TSLA) released its earnings for the second quarter of 2023 yesterday after the markets closed. While the company posted better-than-expected revenues and profits in the quarter the stock is trading lower in US premarkets today. Here are the key takeaways from the company’s earnings report and Wall Street’s reaction. Tesla reported revenues of…
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Tesla stock (NYSE: TSLA) is trading higher in US premarket price action today after the company reported better-than-expected deliveries for the second quarter of 2023. Tesla produced 479,700 cars in the second quarter of 2023 as compared to 258,580 in the corresponding quarter last year. The company’s deliveries rose 83% YoY to 466,140. This is…
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Tesla (NYSE: TSLA) CEO Elon Musk has said that the company’s valuation is tied to how it moves in its autonomous driving business. The company offers Autopilot and its advanced version termed the FSD (full self-driving) and sees autonomous driving as a key long-term earnings driver. Speaking at the Paris VivaTech innovation conference, Musk termed…
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Tesla (NYSE: TSLA) CEO Elon Musk has said that he is happy to open up the company’s self-driving technology to other automakers. Last month only Tesla said that starting next year it would open up 12,000 of its Superchargers for Ford vehicles. Musk, who has reclaimed his position as the world’s richest person said Tesla…
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Tesla (NYSE: TSLA) and Ford (NYSE: F) have announced a partnership under which Tesla would open up over 12,000 Superchargers across the US and Canada for Ford drivers beginning early next year. The two companies announced the partnership during a live, audio discussion on Twitter Spaces yesterday. Notably, Musk also owns Twitter even as now…
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EV (electric vehicle) giant Tesla (NYSE: TSLA) held its 2023 annual shareholder meeting yesterday. The stock is down 50% since the last meeting which was held in August. Here are the key takeaways from the event. Tesla shareholders re-elected Robyn Denholm as the chairman and Elon Musk as the CEO. They also elected former Chief…
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Tesla stock (NYSE: TSLA) is up in US premarket price action after the company raised prices across all models barring Model 3 in the US. Also, Elon Musk said that he would step down as Twitter’s CEO. This is the second price hike by Tesla in less than a month and the company raised the…
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Tesla stock is trading sharply lower in US pre-market price action today after the company released its earnings for the first quarter of 2023 which showed that price cuts have taken a toll on its margins. Tesla reported revenues of $23.33 billion in the quarter which were 24% higher YoY and in line with analysts’…
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Tesla (NYSE: TSLA) would soon release its first-quarter delivery report. Here’s what the market is expecting from the EV (electric vehicle) giant in the first quarter. Wall Street analysts expect Tesla’s deliveries to rise 39% YoY to 430,000 in the first quarter of 2023. While the company does not provide quarterly guidance, during the Q4…
