Tesla shares plummet
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3 factors weighing Elon Musk’s EV maker down
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Tesla's share price closed Thursday's session following the announcement of its June quarter results 8.20% lower at $305.30. Following the sharp selloff yesterday, Tesla's market capitalisation also declined $984.
Let's be honest: if any car company operating in America could produce a truly compelling, high-spec electric vehicle for well under $30,000, it's Tesla.
ET with analyst reactions Shares of Tesla (NASDAQ:TSLA) are straddling the flatline in postmarket trading as the company’s second quarter results were not as bad as Wall Street expected and avoided a second consecutive top- and bottom-line miss with profits in-line with expectations.
The electric carmaker informed California that it will operate a limited public taxi service. But it’s not legally allowed to do this with self-driving cars.
Elon Musk warned of difficult times ahead for Tesla Inc. following one of the carmaker’s worst stretches since it first started producing electric sedans over a dozen years ago.
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Cryptopolitan on MSNTesla outperform 35 EV rivals in a Chinese driver-assist system testTesla beats rivals BYD, Xiaomi, and Huawei, in a Chinese highway evaluation of driver‑assistance systems, based on data released by Dcar (the automotive arm of TikTok parent ByteDance) together with state broadcaster CCTV.
Tesla may be the face of electric vehicles, but Chinese brands are offering decent looks, solid performance, and impressive range at budget prices.
One of the more glaring omissions from Tesla’s late Wednesday earnings was that the EV maker Tesla did not update its 2025 outlook as promised.