Tesla has released an over-the-air (OTA) software update, free of charge, to fix the issue, the National Highway and Traffic Safety Administration (NHSTA) said. Tesla did not immediately reply to Reuters' request for comment. In August, NHTSA opened an investigation into 280,000 new Tesla Model 3 and Model Y vehicles over reports of loss of steering control and power steering...
Continue ReadingAnalysts continue to size up the earnings hit to Ford. Executive Chairman Bill Ford urged an end to the UAW strike...
Continue ReadingTSLA edged up Monday. Wall Street expects Tesla EPS to drop 30% to 73 cents, the lowest in two years for Chief Executive Elon Musk, but with revenue increasing 13% to $24.32 billion. Analysts are also expecting Tesla profit margins to remain below its self-described "floor" amid fears there will be more surprise price cuts in the final months of 2023...
Continue ReadingAs of recent, Tesla is attempting to boost its sales figures and move more cars out the doors by slashing the prices of its most popular models — the Model 3 and Model Y. Although Tesla ownership sounds very enticing to most buyers, issues with build quality are just some of the qualms that owners have to deal with. In a case of buyer beware, Tesla owners in Scotland recently discovered a new weakness with Elon Musk's cars: the rain. Edinburgh couple Johnny Bacigalupo and Rob Hussey told the Scottish news outlet Edinburgh Live that they were billed £17,374, or around $21,175 after their Model Y left them stranded...
Continue ReadingThe latest financial news from these two key companies could have implications for the whole stock market...
Continue ReadingTesla (TSLA) has released its CyberBeer priced at $150 for two bottles. The beverage has already sold out from Tesla's website on Monday morning. Yahoo Finance's Brad Smith and Seana Smith discuss the limited edition CyberBeer + CyberStein set and the EV maker's previous beverage releases. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live...
Continue ReadingJPMorgan has increased its estimates on how much the United Auto Workers strike will cost Ford (F) and General Motors (GM) per day as the strike continues. The firm has also estimated that the strike already cost both companies over $500 million each. In addition, EV maker Tesla (TSLA) is facing pressure from increased competition and unenthusiastic consumers. A poll from Yahoo Finance shows 57% of respondents claim they're unlikely to purchase an EV as their next car. AutoBlog Editor-in-Chief Greg Migliore joins the Live show to break down the details of the ongoing strike and the challenges that Tesla faces. Migliore expresses his optimism for Tesla: "As you take like a longer look, though, Tesla stock is still up about $50 from last year, and it's more than doubled from that low point that kind of hit in January. I think they're going to have an okay, performance here for the third quarter earnings." For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live...
Continue ReadingIn this article, we are going to discuss the 15 best-selling car brands in the U.S. You can skip our detailed analysis of the automotive industry in the U.S., the best-selling automaker in America, and the global semiconductor shortage affecting the car manufacturing industry, and go directly to 5 Best-Selling Car Brands in the U.S. […]...
Continue ReadingThe ClearBridge Multi Cap Growth Strategy underperformed its benchmark in the third quarter. Click here to read the full fund letter...
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