Tag TSLA

Tesla on Wednesday joined General Motors and Ford in being cautious about expanding electric vehicle production capacity, citing economic uncertainties and underscoring fears of a slowdown in demand. Tesla CEO Elon Musk said he was worried that higher borrowing costs would prevent potential customers from affording its vehicles despite substantial price cuts, and that he would wait for clarity on the economy before ramping up its planned factory in Mexico. "People hesitate to buy a new car if there's uncertainty in the economy," Musk said on a post-earnings call where he also talked about "paycheck-to-paycheck" pressures on American workers...

(Bloomberg) -- Elon Musk is dialing back expectations for Tesla Inc. as years of rapid expansion collide with rising interest rates and a more cost-conscious consumer.Most Read from BloombergBiden Vows Aid for Gaza, Backs Israel Over Hospital BlastHospital Blast Kills Hundreds as Israel, Hamas Trade BlameTesla’s Runaway Growth Faces Reality Check in Turbulent EconomyQQQ Advances in Late Trading as Tesla Rebounds: Markets WrapUPenn Donors Pile Pressure on School as David Magerman Pulls SupportAft...

The Big Three automaker unveils details on its low-priced electric vehicles that will be delivered over the next two years...

Stocks tumbled Wednesdayamid soaring Treasury yields. Tesla earnings fell. Cybertruck deliveries loom but Musk tempered expectations...

Automaker Tesla’s plan to build a factory in Mexico could be delayed past 2025, CEO Elon Musk said Wednesday. The post Tesla’s electric vehicle factory in Mexico could be delayed appeared first on FreightWaves...

Tesla CEO Elon Musk on Wednesday warned of difficulties in ramping up production of the automaker's much-awaited Cybertruck electric pickup truck and announced that deliveries would begin on Nov. 30. The world's most valuable automaker produces electric sedans and sport utility vehicles but has missed out on the pickup truck segment, which is highly profitable and hugely popular in the United States. The Cybertruck is expected to challenge Rivian's R1T, Ford's F-150 Lightning and General Motors' Chevrolet Silverado EV in the hot market for electric pickup trucks...

Tesla reported one of its weakest earnings reports in a while, but I remain optimistic about its future...

He described Tesla's cost reduction efforts as "digging a tunnel with a spoon," and called people pushing work-from-home policies privileged and out of touch. And 2017 through 2019, were no picnic either...

Electric-vehicle giant Tesla reported third-quarter results on Wednesday evening that missed Wall Street estimates, underscoring that the pain of price cuts isn’t over. Tesla’s travails show that it will be tough going for traditional auto makers trying to build competing EV businesses. Tesla shares fell almost 5% in regular trading, closing at $242.68...

Chief Executive Elon Musk warned Wednesday that Tesla would face “enormous challenges” scaling up factory production of its long-delayed Cybertruck, signaling profits could remain under pressure in the coming quarters. On Tesla’s earnings call, Musk struck a cautious tone about the year ahead, expressing concerns about the broader economy, including higher interest rates and their impact on consumers. WSJ’s Joanna Stern took three of the leading cars on a road trip and then leased the best one...