Tesla, Inc engages in the design, development, manufacture, and sale of fully electric vehicles, energy generation and storage systems. It also provides vehicle service centers, supercharger station, and self-driving capability. The company operates through the following segments: Automotive and Energy Generation and Storage. The Automotive segment includes the design, development, manufacture and sale of electric vehicles. The Energy Generation and Storage segment includes the design, manufacture, installation, sale, and lease of stationary energy storage products and solar energy systems, and sale of electricity generated by its solar energy systems to customers. It develops energy storage products for use in homes, commercial facilities and utility sites. The company was founded by Jeffrey B. Straubel, Elon Reeve Musk, Martin Eberhard, and Marc Tarpenning on July 1, 2003 and is headquartered in Palo Alto, CA.
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Tesla CEO Elon Musk told shareholders “advertising is awesome” as the carmaker struggles with rising competition.
A breaking issue is behind the latest stock slide. But at least it could be fixed with an over-the-air update.
Its revenue, however, managed to beat analysts expectations at $23.33bn against estimates of $23.21bn.
Shares of the EV maker are up almost double year-to-date, boasting a 92% rise.
Tesla has announced price cuts to some of its EV models in the US.
Cheaper EV model, robotaxis, and a new Master Plan are expected by analysts at today’s event.
The EV company’s shares rallied despite warnings from regulators.
Tesla’s earnings beat has shown that despite rising electricity prices and lowered demand – EVs are still in.
Tesla’s recently announced price cuts might help Tesla, but they aren't doing the electric vehicle market any favors.
After a tough 2022, Tesla has reported some promising stats on vehicle deliveries – but is it enough to convince investors?
Elon Musk has come on record to explain Tesla’s recent underperformance. Whether it will help its share price, is another question.
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