Tag TSLA

Tesla's weak Q3 performance suggests it is no longer a guaranteed investment in the current environment. Read my earnings analysis of TSLA stock here...

Panasonic (6752.T, PCRFY) shares dipped after the company cut its profit outlook by 15% citing slower electric vehicle battery demand, especially on higher-end EVs where Inflation Reduction Act credits are limited. Yahoo Finance’s Akiko Fujita and Rachelle Akuffo weigh in on consumer trends and how that is impacting demand for higher-end EVs such as Tesla (TSLA) and ultimately general battery production. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live...

Panasonic said its production suffered from slowing uptake for high-end EVs in North America, echoing Tesla CEO Elon Musk's comments from earlier this month that higher-for-longer borrowing costs would take a toll on vehicle demand. "Panasonic's warning of soft demand for Tesla's Model S and Model X cars has many concerned that global economic outlook could be in worse-shape than initially believed," said Edward Moya, senior market analyst at Oanda. Earlier on Monday, General Motors reached a tentative deal with the United Auto Workers union, following deals by Ford Motor and Chrysler-owner Stellantis, and potentially putting an end to disruptions that some analysts had said could have given Tesla an edge...

Shares of Tesla (NASDAQ: TSLA) dropped below $200 today for the first time since late May. The stock plunged as much as 6% early on Monday and was still trading down 4.4% as of 12:24 p.m. ET. Today, along with a quarterly earnings release, the battery maker (and Tesla supplier and partner) Panasonic said it had decreased automotive battery production in its fiscal quarter, ended Sept. 30, due to a global slowdown in EV demand. The battery maker said that a decline in sales of high-end EVs led it to cut production in the hope of rightsizing inventories...

Owners of Ford's Mustang Mach-E and F-150 Lightning electric vehicles who have had a bit of trouble, are going to have a much easier time finding a place to charge their machines, thanks to a rival in their segment. Following a previous statement made in May, Ford announced in a statement on Oct. 30 that they are increasing the amount of Tesla Superchargers that will be available for use by its EV customers. According to Ford, "more than 15,000 confirmed" Tesla Superchargers will be added to their BlueOval Charge Network, up from 12,000 that was previously announced in May. Owners of Ford EVs will be able to access the Tesla-branded chargers starting in Spring 2024 by the use of a special adapter, which will be available online through their website...

EV stocks to watch in the stock market this week...

Ford will now add over 15,000 of Tesla's Superchargers to its network, up from its earlier projection of 12,000 chargers. The U.S. automaker said it would expand its BlueOval Charge Network in North America by 25% to over 106,000 chargers totally...

Ford Motor said on Monday it would add more of Tesla's Superchargers to its electric-vehicle charging network, higher than previously forecast, as automakers tap into the EV leader's sprawling charger network to expand the range of their cars. Ford will now add over 15,000 of Tesla's Superchargers to its network, up from its earlier projection of 12,000 chargers. The U.S. automaker said it would expand its BlueOval Charge Network in North America by 25% to over 106,000 chargers totally...

The Tesla CEO has brought in huge changes at the former Twitter with mixed success but is still hoping to disrupt a swathe of social-media platforms...

The UAW auto union is celebrating two historic wins as strikes continue against the last remaining holdout of the Detroit Three...