Tesla Stock Drops. Not Even a Higher Target Price Could Help
$Tesla(TSLA)$ stock fell 3.1% Wednesday despite recently increased stock price targets heading into the company’s second-quarter earnings report.Blame the tech wreck.The drop came even after Barclays
Tesla Stock Jumps 6% As Elon Musk Says He “Fully” Endorses Trump After Trump Attack
Elon Musk posted on X that he "fully" endorses Donald Trump moments after the former president and presumptive Republican nominee was rushed off stage by secret service members following gunshots at a
Tesla Will Not Launch Refreshed Model Y This Year, Musk Says
June 8 - Tesla will not launch a refreshed Model Y this year, chief executive Elon Musk said in a post on social media X on Saturday. "No Model Y 'refresh' is coming out this year", Musk said, adding that Tesla continuously improves its cars, "so even a car that is 6 months newer will be a little better." Tesla has been slow to refresh its ageing models as high interest rates have sapped consumer appetite for big-ticket items, while rivals in China, the world's largest auto market, are rolling out cheaper models. The carmaker's global vehicle deliveries fell in the first quarter for the first time in nearly four years. Last year, Reuters reported that Tesla was readying a production revamp of Model Y with a target of starting production in 2024.
Tesla Falls 3% After Report US Autopilot Probe to Focus on Securities, Wire Fraud
(Reuters) - U.S. prosecutors are examining whether Tesla committed securities or wire fraud by misleading investors and consumers about its electric vehicles’ self-driving capabilities, three people f
Tesla Retreats From Next-Generation "Gigacasting" Manufacturing Process
AUSTIN, Texas, May 1 (Reuters) - Tesla has backed away from an ambitious plan for innovations in gigacasting, its pioneering manufacturing process, according to two sources familiar with the matter, i