Tesla sells off
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Tesla's profits plunged 16% over a three-month stretch ending in June. Analysts discuss CEO Elon Musk's role in this dip.
Elon Musk’s electric vehicle maker posted the worst quarterly sales decline in more than a decade and profit that missed Wall Street targets, but its profit margin on making cars was better than many feared. Tesla shares were down 2.6% in after-hours trading.
21hon MSNOpinion
Tesla's core business is struggling, and its futuristic product platforms are a long way from generating meaningful revenue.
New Samsung plant will make Tesla AI chips Tesla CEO Elon Musk said a new Samsung plant in Texas will be devoted to making the next
1don MSNOpinion
The state invested $829 million in Panasonic plant to make electric car batteries, but politics threatens its success.
As Tesla sales slump, Musk is pitching a bold pivot to robotaxis, humanoid robots, and AI dominance, backed by big spending and even bigger promises. Cars? Lol. It’s not about cars anymore.
Tesla’s boss handed Samsung Electronics a contract worth $16.5bn over eight years to produce the electric-car maker’s next generation of custom artificial intelligence chips, the biggest deal ever secured by the South Korean group from a single customer.