U.S. stocks drifted to a mixed finish Wednesday as Wall Street’s momentum eased following some sharp swerves. The S&P 500 was virtually flat and edged up by 1.08, or less than 0.1%, to 5,071.63. It had jumped sharply in the first two days of the week to claw back nearly two-thirds of last week’s steep loss.
The company’s shares rose in after-hours trading following news that the EV maker is looking to bring new models to market sooner than previously planned.
Tesla has seen its profits more than halve this year, and says it will bring forward the launch of new models and cut thousands more jobs to try to reverse its fortunes. The electric vehicle (EV) maker said on Tuesday it had made $1.
Doubts persist for Tesla as demand for electric vehicles slows, and as some critics contend that Elon Musk seems to be devoting more energy to other projects.
Tesla releases its first-quarter earnings on Tuesday as the EV maker faces competitive and economic headwinds that have investors looking to CEO Elon Musk for a reversal of fortune.
Faced with falling global sales and a diving stock price, Tesla has slashed prices again on some of its electric vehicles and its “Full Self Driving” system in an apparent effort to boost the company's earnings growth.
That, ultimately, is Tesla's biggest problem. Its CEO is making promises the company can't keep, instead of just focusing on building the best products it can.
US stocks looked set to open higher at the opening bell on Tuesday, as traders waited for Tesla to kick off a make-or-break Magnificent Seven earnings season. Shortly after 5 a.m. ET, S&P 500 futures were up 0.
U.S. stocks traded mixed on Wednesday morning with shares of Verizon and Home Depot weighing down the Dow Jones Industrial Average, while the tech-heavy Nasdaq Composite and the S&P 500 continued to rally after the recent pullback.
Tesla shares zoomed higher in early trading, despite the automaker reporting dismal first-quarter earnings on Tuesday. Investors took heart after Chief Executive Elon Musk said Tesla was accelerating
After a rocky start, corporate earnings season has taken an upbeat turn over the past week, helping U.S. stocks to shake off some of their April losses. At least one bullish investor expects the recovery is just beginning as a handful of megacap technology giants prepare to share their results,
Tesla spent much of its earnings call Tuesday shifting attention away from its rough first-quarter results by highlighting the carmaker’s efforts in other technologies—particularly self-driving cars.
Tesla is talking with "one major automaker" regarding licensing Full Self Driving, Tesla's suite of advanced driver-assistance features geared to city driving, Elon Musk says. He did not name the automaker.
Earnings miss notwithstanding, momentum continued to build for Tesla's stock, which was rallying 11% in after hours trading. That's in large part because the EV maker said it plans on adding to its lineup and marketing a cheaper EV as early as next year,
Tesla has seen its profits more than halve this year, and says it will bring forward the launch of new models and cut thousands more jobs to try to reverse its fortunes. The electric vehicle (EV) maker said on Tuesday it had made $1.
The EV maker’s profit plunged to its lowest level since 2021 as pressure mounted on Elon Musk to better articulate his vision for the electric-car maker.
Tesla's revenue fell in the first quarter as it handed over fewer electric vehicles to customers due to slowing demand and intense competition worldwide.
On Monday he amplified a 30 minute super-cut video clip, posted on X, from Tesla’s Autonomy Day in 2019. The post had no text or additional commentary. About a minute in, Musk reiterated: “All Tesla cars being produced right now have everything necessary for full self driving.
Sales are falling. Layoffs are happening. Self-driving needs a hand (or two). Analysts want to know how the company gets back on the road to growth and will watch Tuesday's earnings closely.
Stocks opened higher Tuesday, as investors pore through big name earnings and await Tesla's numbers after the bell. The Dow Jones Industrial Average is up 143 points or 0.3%, to 38,383. The S&P 500 climbed 23 points ,
It’s been a very bad year so far for Tesla. Investors will be closely watching its earnings report and comments to investors after the bell Tuesday to determine just how bad.
Stock futures are pushing higher ahead of Tuesday's trading start. Futures for the three major stock indices are staying in the green as earnings season keeps ramping up. S&P 500 futures are up 0.3%.
The recent run of bad news continued for Tesla on Tuesday as it reported its first quarter adjusted earnings plunged 48%, falling short of lowered Wall Street forecasts.