Tesla (NASDAQ: TSLA) was the most shorted stock in August in the Americas, and Rivian had the highest institutional supply utilization, according to new data from a cloud-based treasury and liquidity management solutions firm. Tesla stock has had one of the more notable stands on Wall Street as a stock that has been bet against […]
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Tesla China recently announced a new milestone from Gigafactory Shanghai. Less than four years since the facility started its operations, Giga Shanghai has produced its two millionth vehicle. The milestone was announced on Tesla China’s social media platforms such as X, previously known as Twitter. The EV maker shared a photo of the milestone, featuring […]
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A group of Tesla (NASDAQ:TSLA) shareholders may be poised to recover an average of $12,000 apiece over losses that were incurred over CEO Elon Musk’s “funding secured” fiasco in 2018. At the time, Musk announced on X, then known as Twitter, that he had secured funding to take Tesla private. The CEO’s tweet triggered a […]
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Tesla (NASDAQ: TSLA) is set to access up to $20 billion in revenues from its recent Supercharger deals with Ford, General Motors, and various other automakers, Dan Ives of Wedbush said in a note this morning. Tesla’s Supercharger Network is the most robust and expansive on the planet, and earlier this Summer, it gained massive […]
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Tesla’s (NASDAQ: TSLA) variety of upcoming catalysts through the rest of the year have landed on Baird’s elusive “Best Ideas” list, which is comprised of stocks that the brokerage believes are the best investments as 2023 heads toward its final quarter. Ben Kallo, an analyst for Baird, included Tesla on the list due to its […]
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Rivian (NASDAQ: RIVN) had a strong second-quarter earnings report and is raising its production guidance for 2023, now expecting to build 2,000 more vehicles than it previously forecasted. Rivian reported earnings on Tuesday and beat expectations in both adjusted loss per share ($1.08 reported vs. $1.41 expected) and revenue ($1.12B reported vs. $1B expected). CEO […]
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Tesla’s Zach Kirkhorn confirmed this morning that he will step down from his position as Chief Financial Officer. Tesla said he would remain with the company until the end of 2023. Tesla announced Kirkhorn’s relinquishment of the position this morning, stating he would be replaced by Chief Accounting Officer Vaibhav Taneja. Kirkhorn’s LinkedIn post said: […]
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Tesla Model 3 and Model Y prices are set to be cut, but not in the United States, according to reports. The Model 3 and Model Y are set to receive discounts between 6 and 11.9 percent today in Hong Kong across several configurations of each all-electric vehicle. The Model 3 ranges from HK$341,200 ($43,745) […]
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Tesla CEO Elon Musk said during the company’s Q2 2023 Earnings Call on Wednesday that it “makes sense to sacrifice margins in favor of making more vehicles,” hinting toward more price cuts even as economic times are uncertain. This year, Tesla has used price adjustments to stimulate demand and increase orders for its vehicles. Although […]
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Tesla’s (NASDAQ:TSLA) Q2 2023 earnings call comes on the heels of the company’s Q2 2023 Update Letter. Tesla’s second quarter results were quite impressive, with the electric vehicle maker’s Q2 profits growing 20% to $0.91 per share and revenue increasing 47% to $24.93 billion. Tesla’s total gross profit for the quarter experienced a 7% growth, […]
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