Independent thinking for complex markets and current events
Tesla registered its first annual profit decline since 2017 last year, the company disclosed in its fourth-quarter and full-year earnings report Wednesday afternoon, sending its stock sliding as Elon Musk’s electric vehicle goliath grapples with shrinking margins as it expands output. Key Takeaways Tesla reported earnings per share of $3.12 for 2023, a 23% decline …
Tesla, the electric vehicle giant, faces headwinds as it misses fourth-quarter estimates, reporting weaker-than-expected auto revenue. Despite a 3% growth in total revenue, automotive revenue saw a mere 1% increase from the previous year. The company warns of potentially lower vehicle volume growth in 2024, signaling a cautious outlook for the year ahead. Key financial …
via Mike Shedlock: Hertz is dumping EVs but the decline in the price of used Teslas started long before that. $2 Billion in Subsidies, Only 2 EV Stations Opened On January 18, I commented $2 Billion in Subsidies, Only 2 EV Stations Opened, the Holdup is Social Justice In yet another example of Biden incompetence, the …
NEW YORK, Jan 17 (Reuters Breakingviews) -If the $690 billion Tesla TSLA.O faces an unravelling, Twitter might have gotten the ball rolling. Boss Elon Musk wants 25% voting control of the carmaker, after selling down shares to help finance a 2022 deal for the social-media company now known as X. His online foray risked making him an absentee CEO; increasing …
via Yahoo: When China’s BYD recently overtook Elon Musk’s Tesla as the global leader in sales of electric vehicles, casual observers of the auto industry might have been surprised. But what’s caught other carmakers around the world off-guard is something else about BYD, which is backed by Warren Buffett’s Berkshire Hathaway: its low prices. “No …
Tesla car review. I Finally Got a New Tesla and Here’s What I Really Think of It, DIY and car review with Scotty Kilmer. Buying a Tesla electric car. Are Tesla cars worth it? Buying a new Tesla. Buying a used Tesla Model 3. Should I buy a Tesla. Are Tesla cars reliable? The truth …
by Chris Black Whether or not electric cars are a good idea is debatable, but there is a place for them in ultra-urban environments which become very smoggy. Mark my words: BYD is going to become world’s top EV company in a few years. 2011: Elon Musk couldn’t stop laughing about BYD. Now, BYD is …
Chinese Tesla rival Nio has developed an EV battery with a range of 1,000km — and its CEO tested it out by driving for 14 hours on a single charge between two Chinese cities. Nio CEO William Li, who has gained a reputation as China’s Elon Musk, live-streamed his mammoth 1,044km journey from Shanghai to …
Elon Musk once scoffed at the notion that BYD could compete with his company. Now, the automaker run by billionaire Wang Chuanfu is poised to be the new No. 1 in electric vehicles. China’s BYD Co. bills itself as the biggest car brand you’ve never heard of. It might need a different tagline soon. The …
Tesla factory worker attacked by robot which dug its claws into back and arm: report https://t.co/fXF8NH4QD4 pic.twitter.com/GjPrgTMf2O — New York Post (@nypost) December 26, 2023 https://twitter.com/_/status/1739695794809098505 Tesla robot attacks engineer at Texas facility, leaving a “trail of blood” and forcing workers to hit emergency shutdown button. Follow: @AFpost pic.twitter.com/7E4ef61Ske — AF Post (@AFpost) December 26, …
via Yahoo: Jain told Reuters part of his electric vehicle’s suspension broke when he was driving with his family the day after he’d received delivery of the Model Y. He said the car had 115 miles on its odometer when the suspension issue caused portions of the vehicle to come in contact with the road …
They’re not “cutting back” because they’re broke, I’ve seen boxes of cereal going for $7 bucks. The little boxes with Shrinkflation. And the main buyers of cereal are still parents in desperate need of a quick meal for kids, and there are just plain a lot less parents, birthrates are low. General Mills sales down …
The media is calling it a recall to tank Tesla stocks. They know what they’re doing. https://t.co/QzClQ3ZIyb — Ian Miles Cheong (@ianmiles) December 14, 2023 This article nailed it. https://t.co/HSsfk6uqwm — Ian Miles Cheong (@ianmiles) December 14, 2023 via dailywire: Mainstream news organizations mounted attacks against Tesla on Wednesday in an apparent attempt to damage …
via 10tv: DETROIT — Tesla is recalling nearly all of the vehicles it sold in the U.S., more than 2 million across its model lineup, to fix a defective system that’s supposed to ensure drivers are paying attention when they use Autopilot. Documents posted Wednesday by U.S. safety regulators say the company will send out a …
54.5% less than in November 2022. After a relatively weak October in Germany for Tesla, the highland improvement should bring in November – internal name for the refreshed version of Model 3, which, after the launch in September, was again increasingly produced in China and sent to Europe. Measured against the strong month of the …
It’s been more than 130 days since Tesla (TSLA) announced it built the first Cybertruck at its Texas plant. Now, with the Tesla Cybertruck delivery event on Thursday and shipments of the first new Tesla vehicle in nearly four years set to begin, there are still major unknowns, including price tag and who will be …
The Cybertruck’s anticipated success isn’t about being a flawless Tesla or a top-notch EV; it’s about its inherent difference. Despite potential drawbacks as a first-gen product, the appeal lies in people’s desire for rebellion and non-conformity, tapping into primal human psychology. It's more than just buying a product that's different It's about rebelling It's about …
A 70-year-old California woman lost control of her Tesla Model X and slammed into the side of a San Mateo house Friday morning, according to local police. “This morning a driver lost control of her vehicle and drove into a house,” San Mateo police (said) The car was headed down a steep slope when witnesses …
BEST video of the matte black Cybertruck in Malibu this morning! pic.twitter.com/YBURqJeFbI — Greggertruck (@greggertruck) November 6, 2023 Tesla’s Cybertruck debuted a new matte black wrap over the weekend, adding to the color schemes it has been spotted in. According to Inside EVs, it was being driven around southern California by the company’s chief designer, …
Elon Musk said that Tesla “dug its own grave” with the Cybertruck, as he warned that it would take years for the company to ramp up production of the electric pickup. Speaking on Tesla’s Q3 earnings call on Wednesday, the Tesla CEO said that the Cybertruck’s unique design meant the company faces immense challenges in …
Tesla reported third-quarter results after the bell Wednesday. The company’s shares rose as much as 2.4% in extended trading after the report crossed, but then sank more than 4% after CEO Elon Musk cautioned that the Cybertruck would not deliver significant positive cashflow for 12 to 18 months after production begins, and emphasized that the …
In 2021, a Tesla employee and a tech industry researcher filed a whistleblower complaint to the SEC with concerns that Elon Musk’s car company may have violated securities law and flouted accounting standards. The complaint contained detailed allegations about Tesla’s financials and business practices, including that it improperly categorized repairs and had poor control over …
by InternationalTop2405 https://twitter.com/NorthmanTrader/status/1698305955610390944
by 2ndSifter Max Pain has been known to change daily as open interest fluctuates, but it would require an insane amount of new volume. Next significant max pain level is $200 with nearly double the volume.
by –throwaway I guess I need to add this: I do not own any stocks or shorts or puts or whatever related to Tesla, because the way that Tesla works in the market confuses me. I just want to learn. Everybody also thinks this is an attack on Tesla and Musk. It is not. I want to know …
The National Highway Traffic Safety Administration has opened an investigation into a fatal crash involving a Tesla Model Y earlier this year, according to Reuters, after the agency suspected the vehicle was relying on its Autopilot system—marking the latest probe into Tesla’s self-driving system amid scrutiny from auto regulators and the Justice Department. Key Takeaways The …
While there are many disadvantages to electric vehicles, advocates for EVs will spin faster than tires to try and emphasize the positives. Spending less on gasoline purchases is presumed to outweigh the limitations and demands of operating under battery power. There are also dubious environmental benefit claims and progressive virtue signaling aspects linked to EV …
