Tag TSLA

Investors might see some EV gains in recent registration data, but the driving force behind those gains isn't great news...

Her flagship Ark Innovation ETF has slumped 11% year to date...

Tesla (TSLA) will report its latest quarterly report on Tuesday, July 23 after the closing bell with investors patiently awaiting any news on its robotaxi product. The adoption of the technology has been slow so far but could be a disrupter in the auto space. Canaccord Genuity managing director George Gianarikas joins Market Domination to give insight into Tesla's upcoming earnings report and self-driving car adoption across the US. On the progress of robotaxi rollout, both with Tesla and other companies offering the service, Gianarikas states: "The problem with that particular service is that it's really, really expensive to build the vehicle. Right? The Tesla vehicles have an advantage because, according to Elon Musk, they only have cameras and the computer. But the hidden cost--and we recently put a note about out about this-- is that the difference in approaches is that Elon Musk is building a massive data center infrastructure to support that... and he's disclosed that it's cost cumulatively well over $10 billion to build that." For more expert insight and the latest market action, click here to watch this full episode of Market Domination. This post was written by Nicholas Jacobino...

This week's GOP convention showcased the party's dueling signals about how a Trump-Vance ticket would treat Wall Street and the larger business world...

Tesla’s Cybertruck is divisive. Here's a look at some of the features and costs that go into the electric vehicle...

Tesla’s (TSLA) Cybertruck certainly turned heads when it was unveiled in 2019. With its futuristic design and bold promises, it immediately captured the attention of both Tesla fans and the general public - in both a good and bad way. With Cybertrucks now coming off Tesla’s assembly line, it remains divisive: Some call it innovative; others say it's just plain ugly. Regardless, there are currently 11,688 Cybertrucks and counting now on roads. But with numerous production delays, recalls, and questions about its real-world utility, some investors are concerned the Cybertruck is quickly losing its appeal. “There's a lot of unmet demand still there for the Cybertruck,” Yahoo Finance Senior Autos Reporter Pras Subramanian said. If Tesla wants to hit their “$50,000 price tag, they're going to have to keep driving down their industrialization costs.” It’s costs, among other things, that have concerned investors of late. Despite recent gains, Tesla remains under pressure as investors reassess the kind of growth and stability the company can achieve, particularly as EV sales across its lineup decline. Cox Automotive's latest EV sales report found that Tesla’s share of US EV sales fell below 50% for the first time as Ford (F), Kia, and BMW saw growth. Yahoo Finance takes a closer look at why the Cybertruck is as polarizing as it is and whether it has the potential to be a strong player in the EV market...

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