Tesla said it will lay off 6,020 employees in Texas and California ahead of its quarterly results on Tuesday when CEO Elon Musk is expected to outline the electric-vehicle maker's strategy to combat slowing demand and falling margins.
(Reuters) -Shares of Tesla gained on Tuesday ahead of the electric car maker's first-quarter results, with analysts expecting its lowest gross profit margin in more than six years due to price cuts and slowing demand.
Tesla tumbled 4% on Monday, as its latest global price cuts fanned Wall Street concerns about dwindling margins at the electric-vehicle maker in the run-up to its earnings report later this week. The company slashed prices by up to $2,
Tesla fell more than 3% in premarket trade on Monday, as its latest global price cuts fanned Wall Street concerns about dwindling margins at the electric-vehicle maker in the run-up to its earnings report later this week.
Tesla Inc. slashed a newly formed marketing team as part of companywide layoffs, reversing course from a traditional advertising push that Chief Executive Officer Elon Musk greenlighted less than a year ago.
After selling for $15,000 as recently as August, the price to buy FSD has now dropped to just $8,000 as Musk struggles to sell enough people on the technology.
After Tesla (TSLA) reported earnings for the first quarter that came in short of analysts' expectations, Chief Executive Officer Elon Musk joined other company leaders on the electric vehicle (EV) maker's earning call.
Tesla said on Tuesday it would introduce "new models" by early 2025 using its current platforms and production lines as it retreated from more ambitious plans to produce an all-new model that had been expected to cost $25,
As Tesla shared its figures for the first quarter on Tuesday, the automaker also previewed the app that it wants to use for its planned robotaxi service. The Latest Tech News, Delivered to Your Inbox
Tesla is planning to put new models into production in the second half of 2025 — including more affordable models that were previously reported to be canceled.
Tesla plans to make the new vehicles more affordable too, Musk said, noting that production is “not contingent on any factory or massive production line.” “It’ll be made o
Tesla's revenue and profit tumbled in the first quarter, but the company promised to speed up the development of new vehicles as it encounters stiff headwinds in the EV space. Why it matters: Tesla is grappling with slumping sales,
Shares in Tesla ( TSLA) are still suffering their second-largest drawdown since the company went public in 2010 and have shed nearly $350 billion in market value this year. The group is now under tremendous pressure to regain investors' confidence and define its near-term growth prospects as EV demand has been fading and its profit margins have been narrowing.
If you were asked to name the car maker that’s having the worst week, would it take you more than a few seconds to shout out Tesla? There’s little competition right now, as the struggling automaker deals with bodged recalls,
Shareholders will soon reveal whether Tesla is a corporation or a cult by voting on whether to make Elon Musk the highest-paid part-time CEO in history despite the stock price collapsing 40%, the company laying off 14,
A day of reckoning has come for Elon Musk, who's set to address investors and analysts about Tesla on Tuesday evening following a disastrous start to the year for the world's most valuable car company.
Waymo was one of the factors cited by Wall Street analysts on April 22 ahead of Google's parent company's quarterly results. Alphabet is scheduled to report first-quarter results on April 25. Analysts surveyed by FactSet expect the company to report earnings of $1.
But one analyst is confident that Tesla will soon turn things around, predicting that Elon Musk will be able to boast of an “I told you so” moment when it comes to fully self-driving vehicles, a much hyped “robotaxi” and its new Cybertruck.
Tim Higgins, Wall Street Journal business columnist, joins 'Squawk Box' to discuss the political divide over Tesla, the politicization of EVs, Tesla's planned robotaxi rollout, and more.
Tesla investors, still digesting a 43% drop in share price since the beginning of the year, are gearing up for what will likely be unimpressive financial results for the first quarter and a shift in priorities for CEO Elon Musk,
Tesla CEO Elon Musk faces heightened pressure with Tuesday's earnings report to reassure investors that recent stumbles are simply unexpected speed bumps -- and not indications of a road to
Tesla’s rocky year — plagued by price cuts, recalls and layoffs — continued Monday as shares of Elon Musk’s electric vehicle company dropped more than 3% ahead of Tuesday’s much-anticipated quarterly earnings.
When asked if any legacy automakers are interested in licensing Tesla's FSD tech, Musk claimed the company is currently negotiating with at least one notable group.
Despite a drop in revenue and other key metrics, Tesla's commitment to a more affordable model and new autonomous technology has investors optimistic.
Tesla announced that it’d be laying off roughly 10 percent of its employees, a move that sent ripples through the EV industry. A day later, CEO Elon Musk came forward to apologize over severance packages that he described as “incorrectly low,
Electric car company Tesla is set to share its earnings report Tuesday as CEO Elon Musk lays out a strategic plan to get the automaker off a rocky road that includes slumping car sales, sliding shares,
So far, so good from the conference call. Tesla stock moved higher, up about 11%, adding another $3 to $4 since the call began. CEO Elon Musk was asked early about the company's plans for an affordable vehicle,