Despite a decline in Q1 sales and profits, positives for Tesla, Inc. include a potential dividend and Elon Musk's other ventures. Click for my TSLA earnings update...
Continue ReadingUS prosecutors are reportedly investigating Elon Musk’s Tesla for fraud in a case centred around claims about the electric car maker’s self-driving technology...
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Continue ReadingTesla stock dropped below its 50-day moving average after Reuters reported on U.S. investigations into the EV giant...
Continue ReadingShares of Tesla (TSLA) are under pressure as the Justice Department investigates whether Tesla committed wire and securities fraud by misleading investors and consumers about its electric vehicles' self-driving capabilities, Reuters reports. Barclays Senior Autos Analyst Dan Levy joins Catalysts to give insight into Tesla and the pressure the company is under as uncertainty grows around it. Levy explains why Tesla is headed down an uncertain path: "You have an investment thesis that's in pivot. And I think that there is uncertainty because the stock or the narrative is pivoting away from what was viewed as some certainty around vehicle sales, leveraging a cost advantage, and instead leveraging bets that people view as possibly binary. The push to autonomous, the push to robotaxi — these could be potentially largely disruptive bets, but they're binary. People just don't know what the outcome is." For more expert insight and the latest market action, click here to watch this full episode of Catalysts. This post was written by Nicholas Jacobino...
Continue ReadingQuarterly Earnings Reports Summary...
Continue ReadingQuarterly earnings reports paint an unflattering picture this morning, and Tesla finds itself under investigation...
Continue ReadingTesla will shut its factory near Berlin to all employees Friday when protesters are expected to gather outside its gates to protest against a planned expansion...
Continue ReadingTesla stock fell 3.8% on Tuesday and is extending losses Wednesday. It’s being pressured by a number of things...
Continue ReadingTesla (TSLA) shares are sinking following reports that the Justice Department (DOJ) is investigating whether the company committed securities and wire fraud in its self-driving claims, according to Reuters. Yahoo Finance Senior Autos Reporter Pras Subramanian weighs in on the information the DOJ is searching for in this investigation. The DOJ investigation adds another layer to the issues currently hitting Tesla, from weakening demand for electric vehicles to unclear robotaxi plans. The company has been leaning into messaging around its "Full Self-driving" technology despite consumer skepticism, and news of the investigation may only heighten investor and consumer concerns. For more expert insight and the latest market action, click here to watch this full episode of Catalysts. This post was written by Melanie Riehl and updated by Luke Carberry Mogan...
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