Tag TSLA

The following slide deck was published by Tesla, Inc...

Tesla plans to ramp up full production of its all-electric Class 8 Semi truck in 2026. The post Tesla plans to ramp up electric Semi truck production in 2026 appeared first on FreightWaves...

(Bloomberg) -- Elon Musk handily added $80 billion to Tesla Inc.’s market value on a blowout quarter for the EV maker, which notched its most profitable results in more than a year.Most Read from BloombergClimate Change Is Killing Buildings in Slow MotionOman Sees an Urban Future Distinct From Dubai and Abu DhabiTransportation Policy Gets Left Behind in Presidential RaceHow Kyiv Became a Leader in Digital Services Amid Wartime StrainDhaka's Revolutionary Makeover Pits Visions of Peace Against Ve...

The robust performance comes after a tumultuous start to the year in which Tesla’s profit fell for two straight quarters...

All three of the major averages (^DJI,^GSPC, ^IXIC) closed lower on Wednesday. One of the biggest movers was McDonald' (MCD) which fell 5% after an E. coli outbreak was traced back to its Quarter Pounder sandwiches. After the close, shares of Tesla (TSLA) soared after the EV giant posted better-than-expected Q3 earnings. Yahoo Finance Markets Reporter Josh Schafer joins Anchor Josh Lipton on Asking For a Trend to examine the trading day. To watch more expert insights and analysis on the latest market action, check out more Asking for a Trend here. This post was written by Kevin Hall...

Elon Musk on Wednesday said his company plans to soon roll out a ride-hailing service similar to Uber (UBER) in two states friendly to self-driving cars...

Tesla Wednesday reported an unexpected improvement in earnings for the third quarter, lifting its recently battered shares in after-hours trading...

Tesla reported third quarter results after the bell on Wednesday...

Tesla (TSLA) stock is climbing higher in extended-hours trading after reporting mixed third quarter earnings, missing revenue estimates ($25.18 billion vs. $25.43 billion expected) and posting adjusted earnings of $0.72 per share ($0.60 was expected). The EV maker stated it is on track for "slight growth" in EV deliveries for 2024, while projecting production on affordable EVs to begin in 2025. "This just confirms what they've been saying, which is we're going to get affordable cars in the first half of next year," RBC Capital Markets Global Autos Analyst Tom Narayan tells Julie Hyman and Josh Lipton, adding: "We all thought we were going to see something at the robotaxi event about this, but I think folks are just comforted to know that it is coming. Everything is on track on the more affordable cars." Narayan discusses Tesla's earnings print and what it is forecasting about the electric automaker's margins: "They did do some discounting and they're going to try to get that growth number for the full year. So Q4 you're going to see some price-cutting. But if they can still do a 17% margin, X credits, that's a pretty strong signal that... they can continue to hold on to margins." Tesla reported 462,890 EV deliveries, just below Wall Street consensus estimates 463,897. Narayan believes Tesla's Full Self-Driving upgrades and pivots to autonomous driving could be boosting its demand. "The services number was pretty high. So I do wonder if the services attach rate, especially FSD, might be making making an impact here. Folks could be thinking I'm going to buy this car because of FSD," Narayan says. "That may be catalyzing demand. And kind of even though the models are maybe a little long in the tooth... FSD is something, something special here that might be what's happening." To watch more expert insights and analysis on the latest market action, check out more Market Domination Overtime here. This post was written by Luke Carberry Mogan...

Interest rates and the anticipation of big news from Tesla played roles in Lucid stock's moves Wednesday...