Tag TSLA

Elon Musk and his team have been battling intense competition both domestically and abroad from rival EV makers such as Rivian, Polestar, Nio, BYD, and even legacy auto manufacturers like Ford and General Motors. A rising number of entrants in the EV landscape, coupled with a stormy macroeconomic environment driven by inflation and high interest rates, has caused Tesla to resort to some pretty drastic measures. The conundrum Tesla faces is that these price cuts have hurt the company's top-line growth while costs are rising...

Here is your Pro Recap of the biggest insider trades and institutional investor headlines you may have missed last week: Corvex doubles stake in Southwest Gas, Ancora supports Forward Air’s decision to terminate Omni Logistics merger, Satori's Dan Niles covers shorts in Tesla and Apple and looks to re-short higher, and top brass buys at Truist Financial, Nasdaq, and Commercial Metals. InvestingPro subscribers got this news first...

Tesla's (NASDAQ: TSLA) third-quarter results disappointed investors -- its revenue, earnings per share, and car deliveries came in well below Wall Street's expectations. While this top electric vehicle (EV) company might be hitting a rough patch, it's a more upbeat story for investors if we zoom out. In the past decade, shares of Tesla have skyrocketed by 1,790%, crushing the gain of the Nasdaq Composite...

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Longshot U.S. Republican presidential candidate Vivek Ramaswamy confirmed to Reuters on Saturday that Tesla Inc Chief Executive Elon Musk attended a fundraiser for him in Northern California. "He showed up late at night and we had a conversation," Ramaswamy said in an interview at the Republican Jewish Coalition's (RJC) weekend donor gathering in Las Vegas. Puck, a digital media group, reported this month that Musk had recently attended a fundraiser in Silicon Valley hosted by prolific SPAC investor Chamath Palihapitiya...

Elon Musk biographer Walter Isaacson explains Musk's fascination with X and how his fixation on mission fuels his innovative and entrepreneurial spirit. To catch full episodes of all The Motley Fool's free podcasts, check out our podcast center. Dylan Lewis: We've got the inside scoop on Elon Musk and the story of an electric vehicle company vying for Tesla's Crown...

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US carmakers are pausing plans to expand their electric vehicle manufacturing capacity, as consumers buy battery-powered cars and trucks at slower rates than expected. Ford, General Motors and Tesla have all pumped the brakes on expanding EV production capacity in recent weeks. GM will delay building electrified versions of its Chevrolet Silverado and GMC Sierra pick-up trucks at a Michigan plant until 2025, instead of next year...