Marketmind: Tesla, Netflix underwhelm
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Tesla (TSLA) offers 7-year vehicle loans to cut monthly payments
July 24, 2023 2:54 PM UTCTesla (NASDAQ: TSLA) opened new financing options on their website and is now offering EV customers 84-month term limits in an attempt to lower monthly costs amidst rising interest rates and market pressure. The previous maximum term offered was 72-months.
The change follows Elon Musk's... More
Tesla (TSLA) to resume factory talks and plans for $24k car with India commerce minister
July 24, 2023 9:25 AM UTCReuters reports Monday, citing a person with direct knowledge of the matter, that Tesla (NASDAQ: TSLA) representatives are set to meet Indias commerce minister this month.
According to the person, the meeting will take place to discuss plans for the automaker to build a factory in the country to build, what the company... More
Tesla (TSLA) begins sales of EVs in Malaysia
July 21, 2023 1:42 PM UTCTesla (NASDAQ: TSLA) officially launch sales of their electric vehicles in Malaysia this week, marking another milestone in the automaker's ongoing efforts to broaden its global presence.
Over the years, the EV giant has dedicated itself to expanding its sales to new markets,... More
Tesla (TSLA) in 'early discussions with a major OEM' to license full self-driving software
July 20, 2023 3:00 PM UTCElectric vehicle giant, Tesla (NASDAQ: TSLA) held their 2Q earnings call on Wednesday where CEO Elon Musk spoke about the direction of the company, and confirmed that the Electric automaker is in early discussions to license its Full Self-Driving software to a major automaker.
Were not... More
Tesla (TSLA) recalls 15K Model S and X EVs for seatbelt issues
July 20, 2023 1:28 PM UTCOver 15,000 Model S sedans and Model X SUVs from the 2021 through 2023 model years are being recalled by Tesla (NASDAQ: TSLA) due to a potential issue with their front seat belts, which may lead to detachment. This poses a significant safety concern as occupants could be exposed to an increased risk of injury in the event of a crash.
The National Highway Traffic Safety... More
Musk talks price cuts, FSD and robotaxis on Tesla (TSLA) earnings call
July 20, 2023 9:39 AM UTCTesla (NASDAQ: TSLA) held its Q2 earnings call after market closed Wednesday. According to the release, the electric vehicle makers profits grew 20% in the quarter to $0.91 per share, coming in ahead of the streets estimate of $0.79. Revenue for the quarter increased 47% to $24.93 billion, versus the consensus estimate of $24.29 billion.
Tesla CEO Elon Musk joined the call to announce the companys record vehicle production and deliveries and record revenue during Q2. These results come after the companys Model Y became the best-selling vehicle of any kind globally in Q1,... More
JPMorgan Stays Underweight on Tesla (TSLA), PT $120, 'lowering our earnings estimates for Tesla shares today and suspect the Street will as well'
July 20, 2023 8:16 AM UTCJPMorgan analyst Ryan Brinkman reiterated an Underweight rating and $120.00 price target on Tesla (NASDAQ: TSLA)
The analyst comments "We are lowering our earnings estimates for Tesla shares todayand suspect the Street will as wellafter the companys fourth straight operating profit miss vs. Bloomberg consensus, brought about again by the continued trading of profits for sales. Automotive adjusted gross margin excluding the sale of regulatory credits remains at the front and center of investor attention after this key performance metric shocked investors last quarter by plummeting -1,100 bps y/y from a then... More
Tesla (TSLA) to expand German EV plant near Berlin, aims for Europe’s largest vehicle factory
July 20, 2023 8:07 AM UTCTesla (NASDAQ: TSLA) aims to boost the production capacity of its assembly plant located outside Berlin to an impressive one million electric vehicles annually. This strategic move positions the company to become the largest car plant in Europe, coinciding with a period in which German automakers are facing challenges in keeping up with the transition to electric vehicles.
On Wednesday, thousands of pages of Tesla's expansion plans were made public, and if these plans receive approval from local officials, the production output of the plant will surpass that of Volkswagen's... More
