Tesla shares fell hard after the company posted weaker-than-expected third-quarter results in mid-October, missing Street expectations both in earnings and deliveries. The most significant factor behind recent Tesla investor sentiment revolves around the price cuts that the company has been so fiercely engaged in; the average Tesla is selling for around 25% less than last year's sale price. The result of this ongoing price war has been steadily falling gross margins, something many investors were extremely frustrated about in the wake of the company's third-quarter earnings...
Continue ReadingIn May, Ford became the first automaker to announce a partnership with Tesla , granting its customers access to Elon Musk's expansive Supercharger network, which currently boasts more than 15,000 charging points across the country. The announcement was the first of many dominoes to fall; in the weeks and months following Ford's announcements, a lengthening list of legacy and neo automakers alike have made similar partnerships with Tesla. A total of 19 automakers have now partnered up with Tesla, including General Motors, Mercedes, Toyota, Nissan and Volvo...
Continue ReadingSpaceX, the space-exploration firm headed up by Tesla CEO Elon Musk, is set to bring in around $9 billion in revenue this year, according to a Bloomberg report. TheStreet has contacted SpaceX for comment. SpaceX's Starlink service, which has about two million subscribers, brought in $1.4 billion of revenue in 2022...
Continue ReadingTesla (NASDAQ: TSLA) finds its margins compressing to multiyear lows due to steep price cuts. Enphase Energy (NASDAQ: ENPH) and SolarEdge Technologies (NASDAQ: SEDG) are now in a legitimate downturn. Let's determine if you should buy the dip on the EV industry with Tesla or take a 50/50 split of Enphase and SolarEdge to bet on a rebound in the solar industry...
Continue ReadingARK Innovation ETF prices have corrected, making it more attractively valued. Click here to read why the ETF may still face some uncertainties among investors...
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Continue ReadingLooking for stock market analysis and research with proves results? Zacks.com offers in-depth financial research with over 30years of proven results...
Continue ReadingLooking for stock market analysis and research with proves results? Zacks.com offers in-depth financial research with over 30years of proven results...
Continue ReadingLooking for stock market analysis and research with proves results? Zacks.com offers in-depth financial research with over 30years of proven results...
Continue ReadingWeWork files for Chapter 11 bankruptcy protection. Lucid Group is the latest electric vehicle maker to move to NACS charging standard. GM, Cruise to hit brakes on Origin robotaxi production...
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