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Tesla is scheduled to make its first earnings report since Elon Musk stepped down from his White House role on Wednesday.
Tesla CEO Elon Musk didn't appear to like Wedbush analyst Dan Ives' suggestion that the company should rein in Musk's time spent on politics.
Tesla is likely to post its biggest drop in quarterly revenue in more than a decade, as the EV maker grapples with issues including increased competition.
AI founder Elon Musk provided an update on the company's second Memphis campus, including plans to start bringing the site online.
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YEN.com.gh on MSNTesla reports 16% profit drop to $1.2 bn on lower auto sales
Tesla reported another drop in quarterly profits Wednesday on lower auto sales amid intensifying electric vehicle competition and lingering backlash over CEO Elon Musk's involvement in US politics. Lower profits had been expected after Tesla earlier this month disclosed a decline in auto deliveries.
While orders are open widely, Tesla will prioritize deliveries to key metro cities—specifically Mumbai, Pune, Delhi, and Gurugram. These cities are expected to be the first to experience Tesla ownership in India, likely due to better infrastructure and readiness for electric vehicle adoption.
With Q1 2025 sales reports now available, we know that Tesla sold 60,000 fewer vehicles than it did last year. Tesla isn’t the only automaker experiencing tariff-induced sales difficulties. Elon Musk’s company’s grasp on being the top EV maker in the world is slipping,
The fallout from Elon Musk’s plunge into politics a year ago is still hammering his Tesla business as both sales and profits fell sharply again in the latest quarter. The car company that has