Tesla (TSLA) stock inched lower on April 2 after the electric vehicle (EV) giant reported its first quarter. deliveries that were significantly below Wall Street estimates. In its press release, Elon Musk’s company said it delivered 358,023 vehicles in the first quarter, a drop of more than 14% sequentially and missing consensus estimates of around…
Despite lingering concerns about Tesla losing control of the European market, Norway remains a bright spot. According to the European Automobile Manufacturers Association (ACEA), Tesla registrations in December in the country (which can be taken as an indicator of sales) increased by 89% compared to the previous year period to 5,679 units. The company gained…
Tesla (TSLA) is back in the spotlight after CEO Elon Musk told shareholders that Tesla’s wildly ambitious AI agenda could soon include manufacturing its own chips. At the company’s annual meeting, Musk said Tesla is designing a fifth-generation “AI5” processor and will likely need to build “a gigantic chip factory” to meet demand. He even…
Tesla (TSLA) investors are once again caught between short-term realities and Elon Musk’s long-range vision for the future. The company’s third-quarter earnings report painted a mixed picture: record vehicle sales but markedly weaker profitability. Still, even as uncertainty grows around Tesla’s core electric vehicle business, Musk continues to look to the future. His message to…
