Tesla profit plunges in 2nd quarter
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Reporting a 12% drop, Tesla is battling strong competition from cheaper EVs and a backlash against CEO Elon Musk's political views.
Tesla CEO Elon Musk has once again captured public attention. After visiting Tesla's Design Studio in Hawthorne, California, he hinted at what he described as "Most epic demo ever by end of year," scheduled for late 2025.
US stocks stayed in the green midday Wednesday, buoyed by trade breakthrough hopes and anticipation around earnings from Alphabet and Tesla. The Dow rallied over 400 points, while the S&P 500 notched another intraday high.
But Tesla's troubles, though levered to Musk, may be deeper than Musk's distractions, such as politics, gaming, and colonizing Mars. A record fourth quarter delivery report in January seemed to indicate all was well with Tesla, but it doesn't tell the full story.
The bill could be a crushing burden on a U.S. EV industry that is already struggling with consumer fatigue, high interest rates ... And they could easily put pressure on Tesla's sky-high valuation. Investors may want to stay away from the stock until ...
Tesla Inc.’s lightning quick rally over the past month is showing signs of unraveling as Wall Street warns that investors are too optimistic about the electric-vehicle maker’s artificial ...
Tesla CEO Elon Musk lashed out at Wedbush's Dan Ives after the analyst posted three board recommendations for the company on X, according to CNBC. Ives called for a new pay package giving Musk 25% voting control,
July 7–8, 2025: The first trading day since Musk’s weekend announcement, Tesla shares tumbled, and Musk’s personal fortune dropped by as much as $15 billion, according to the Bloomberg Billionaires Index. As of July 9, it stands at $349 billion with Tesla shares broadly unchanged.