Tesla’s stock is down 5% amid poor January sales, negative analyst notes, and BYD’s “God’s Eye”
Tesla’s stock is trading at its lowest price since November, down 5.6% today and 13% so far this year. That’s happening amid news that sales, rather than returning to growth as promised , are dropping...
Tesla sales are dropping around the world
When reported its disappointing 2024 deliveries and earnings last month, CEO Elon Musk was able to deflect a price drop with a hearty dose of forward-looking optimism. That may be short-lived. Tesla ...
Steel tariffs would be terrible for Tesla’s low-cost car
Another day, another Trump policy that could be bad news for his top benefactor , CEO Elon Musk. The president’s plans for 25% tariffs on aluminum and steel imports would be painful for US automakers...
Tesla sales tank in Europe
is seeing a huge drop-off in sales across Europe, coming shortly after CEO Elon Musk’s newfound interest in participating in Germany’s right-wing political movement. The Financial Times reports that T...
Ford shares are hitting the brakes after weak forecast and a tariff-y year ahead
shares skidded today after it forecast less profitability in the year ahead and said it expects its EV business to lose between $5 billion and $5.5 billion again this year. If the outlook proves true,...
Ford’s EV biz lost the value of about 100,000 new F-150s last year
Electric vehicles still aren’t providing the spark Ford’s looking for. In its latest earnings report, released Wednesday, announced another quarter in the red for its EV division, as expected. Broade...
GM, Ford, and other carmakers’ shares make a U-turn as Mexico says tariffs delayed
Last year, more than one in five (22%) of every light vehicle sold in the US was imported from Canada or Mexico, according to S&P Global Mobility. Understandably, that leaves the auto industry incredi...
JPMorgan can't understand why in the world Tesla would be up after earnings
Analysts: they’re just like us. Namely, the fine folks over at JPMorgan, much like at Barclays , seem equally mystified as we are that stock could be trading up so much after reporting such dismal ea...
Bitcoin gains made up 25% of Tesla’s Q4 net profit, and regulatory credits were likely another ~30%
The recent rally gave a major boost to Tesla’s income statement — though it wasn’t enough to offset the carmaker’s drop in overall profits. Yesterday, Tesla reported a sharp decline in earnings, with...
Elon Musk wants you to focus on everything but Tesla’s struggling electric car business
Over the course of yesterday’s hour-long earnings call, Technoking Elon Musk spent a lot of time discussing Tesla’s other businesses. Optimus robots! Real-world AI! Autonomous ride hailing ! Semis! E...
Tesla just posted a massive drop in annual earnings
Tesla reported earnings today and missed on both revenue and financials. The company’s net income dropped 53% in 2024 compared with 2023, and 71% in the fourth quarter. Tesla said declining average s...
SUVs and EVs power GM to an earnings and forecast beat
just delivered a solid year, and sees another good one on the horizon in 2025. In its latest earnings report, released Tuesday, GM posted 11% revenue growth to $47.7 billion, more than $2 billion over...
As investors await a cheaper Tesla, the company released a more expensive one
After canceling plans to build a mass-market $25,000 car, last quarter reiterated its plan to “make EVs affordable for everyone” by offering “more affordable models” of its existing lineup in the fir...
General Motors pops higher as Deutsche Bank says it’s a buy
“General Motors has consistently executed well in the midst of macro uncertainties, and we think this will continue to position the company well for 2025, amid a lingering EV slowdown, tariff concerns...
Electric-vehicle stocks hit the skids as Trump threatens major revenue sources
The electric-vehicle complex is a sea of red this morning. In one of the 25 executive orders issued on Day 1 of his second term, President Donald Trump seeks to “end the electric vehicle mandate” whil...
Tesla is and isn’t America’s top choice for electric vehicles
In January, less than 4% of would-be EV buyers said was their top choice when it comes to automakers — the lowest share on record — according recent survey data provided to Sherwood News from polling...
Tesla dips down nearly 4% before bouncing back a bit
, a stock known for sometimes trading on vibes , was down nearly 4% today after observers noted that the electric-vehicle company was offering discounts on its Cybertruck. Last year Tesla sold roughly...
Rivian is jumping on last-minute funding from the Biden administration
Citing people familiar with the matter, Bloomberg says that and Plug Power are set to get some 11th-hour financing from the Department of Energy before President-elect Donald Trump returns to office ...
Tesla stock jumps 8% as lawsuits and fundamentals can’t hold Elon Musk’s crown jewel down
stock kept powering beyond $420 to rise 8% today. The stock market is a sea of green after data this morning showed US inflation decelerated in December, but shares of the electric-vehicle maker are p...
Germany’s economy falters for a second year in a row as revered car industry sputters
Europe’s largest economy isn’t looking healthy. Today, Germany reported a second consecutive annual drop in GDP, with high energy costs and rising interest rates constraining growth. At the same time,...