Observe. Think. Chat. Do. Trade. Repeat…
Tesla’s vehicle sales in Europe plummeted by 49% in April 2025, marking the fourth consecutive month of decline. Despite an overall 27.8% rise in battery-electric vehicle sales, Tesla struggled to maintain its foothold in the region. The drop in sales has been attributed to increasing competition from Chinese automakers, a shift in consumer preferences towards …
April 2025 marked a watershed moment in the European electric vehicle (EV) market as BYD outsold Tesla for the first time ever. According to JATO Dynamics, BYD registered 7,231 battery-electric vehicles, narrowly surpassing Tesla’s 7,165 registrations. This shift comes despite EU-imposed tariffs on Chinese-made EVs, which were expected to hinder BYD’s growth. However, the company’s …
Continue reading “BYD Surpasses Tesla in European EV sales for the first time in upset for Tesla”
Tesla has been making headlines with a series of major developments, from financial setbacks to strategic shifts by CEO Elon Musk. The electric vehicle giant recently reported a 20% drop in automotive revenue, a significant decline that has raised concerns among investors. Meanwhile, Musk has announced that he will be spending much less time on …
Continue reading “Tesla and Musk struggle against Trump’s Tariff Tidalwave”
BYD, a leading name in the electric vehicle (EV) industry, has unveiled groundbreaking super-charging technology that could redefine EV adoption The new ‘super e-platform’ boasts peak charging speeds of 1,000 kilowatts (kW), enabling vehicles to gain a range of 400 kilometers (249 miles) in just five minutes. This innovation brings EV charging times closer to …
Continue reading “BYD unveils new super-charging EV tech – twice as fast as the Tesla system”
Tesla’s sell-off on Wall Street intensified on Monday, with shares of the electric vehicle maker plunging a whopping 15%, marking their worst trading day on the market since September 2020 On Friday, Tesla wrapped up a seventh straight week of losses, its longest losing streak since debuting on the Nasdaq in 2010. The stock has fallen every …
For seven consecutive weeks since Elon Musk travelled to Washington to join the Trump administration, shares in his automaker have declined, closing on Friday at $270.48. This marks the longest losing streak for Tesla in its 15 years as a public company. Tesla shares concluded the week a decline of over 10%, reaching their lowest …
Continue reading “Tesla shares have declined every week since Elon Musk joined team Trump”
Tesla shares sank 8% on Tuesday 25th February 2025 and have now lost most of their gains that followed President Donald Trump’s election victory in November 2024. The stock has plunged 25% this year, while the Nasdaq is down 1.5%. It was also reported on that the company’s long-awaited upgrade of its partially automated driving …
Continue reading “Tesla’s market cap falls below $1 trillion”
Tesla shares soared to an all-time high on Wednesday exceeding their previous record set in 2021, driven by a post-election rally and heightened enthusiasm Wall Street for Elon Musk’s electric vehicle company. The stock increased to an intraday high of $415, exceeding its previous peak by 50 cents and closed above its highest finish of …
Continue reading “Tesla shares climb to record high – boosted by Trump election victory”
Tesla shares enjoyed a Trump pump on Monday 18th November 2024 after reports that President-elect Donald Trump’s team intend to prioritise a federal framework for regulating autonomous vehicles within the U.S. Department of Transportation. Elon Musk was a prominent advocate in the business sector for Trump’s re-election campaign leading up to this month’s elections. Recently, …
Continue reading “Trump rumour to relax U.S. vehicle self-driving rules pushes Tesla stock higher”
Elon Musk’s Vision for Tesla’s Trillion Dollar Future Elon Musk, the visionary CEO of Tesla, has consistently set ambitious goals for the company. Among his most audacious claims is that Tesla could potentially become a multi trillion-dollar company and even reach a valuation of $25 trillion, largely driven by the deployment of robotaxis. Robotaxi vision …
Continue reading “Elon Musk wants to make Tesla a $25 trillion company by 2040”
The Nasdaq Composite climbed to an all-time high on Friday 25th October 2024, boosted by BIG tech stocks. The tech-heavy index rose 0.56% to 18,518.61 Tech stocks boosted the market ahead of their upcoming earnings. Nvidia added 0.8%, and shares of Meta Platforms, Amazon and Microsoft were also higher. Some analysts are suggesting it may be time to short Amazon and Apple as they …
Continue reading “Nasdaq hits new all-time high – Tesla enjoys another great day”
Tesla shares climbed 12% in extended trading after the company’s third-quarter earnings beat Wall Street estimates, following a long slump. However, Tesla’s revenue for that period, up 8% year on year, marginally missed expectations. “Vehicle growth” will hit up to 20%-30% next year, said CEO Elon Musk, thanks to “lower cost vehicles” and the “advent of autonomy.” Apparently, …
Continue reading “Tesla beats earnings forecast in third quarter 2024”
Tesla’s stock declined on Friday 11th October 2024 following the electric vehicle maker’s highly anticipated robotaxi event, which left investors unimpressed £60 billion was wiped off Tesla market cap CEO Elon Musk showcased the Cybercab concept vehicle, announcing that it would be available for purchase at a price below $30,000. Analysts reportedly commented that the …
Tesla posted its third-quarter vehicle production and deliveries report on Wednesday 2nd October 2024 – the stock fell 3.7%. Total deliveries Q3 2024: 462,890 – Total production Q3 2024: 469,796 Analysts had projected Tesla would deliver 463,310 vehicles by the end of September 2024. However, other sources indicated a larger shortfall; the average analyst predictions were at 469,828 …
Continue reading “Tesla misses delivery estimates – stock drops”
Stocks sold off Wednesday 24th July 2024, blighted by underwhelming reports from Tesla and Alphabet – leading the Nasdaq Composite and the S&P 500 to post their worst sessions since 2022. The S&P 500 index dropped to closing at 5427, while the tech-heavy Nasdaq slid around 3.65% to end at 17342. The Dow Jones Industrial Average shed 504 points …
Tesla’s shares dropped in U.S. pre-market trading following the electric car maker’s Q2 earnings report, which fell short of expectations. The company saw a 7% year-on-year decrease in automotive revenue for the June 2024 quarter, down to $19.9 billion, and a decline in its ‘adjusted’ earnings margin. Investors are divided on Tesla’s stock, with some …
Continue reading “Tesla shares fall after weaker-than-expected results”
Tesla boss Elon Musk says the electric car maker will start producing and using humanoid robots from next year. In a social media update, Elon Musk stated that Tesla will initially employ the robots, with plans to commence production for sale by 2026. He had earlier anticipated that the robot, named Optimus, would be operational …
Continue reading “Elon Musk suggests Tesla will use humanoid robots in 2025”
Following a dismal beginning to 2024, Tesla’s stock has experienced a sharp rally, erasing its losses for 2023. Tesla’s shares ended on Friday at $251.55, marking a 27% increase for the week. The automaker announced on Tuesday 2nd July 2024 that its second-quarter vehicle deliveries surpassed forecasts. Tesla 5-day chart – share price closed at …
Continue reading “Tesla shares recover 2024 losses with a 27% rally in one week”
It has been calculated that the S&P 500’s total value is currently $45.5 trillion. Tesla’s CEO, Elon Musk, claimed on Thursday 13th June 2024 that the company’s Optimus humanoid robots could potentially raise the automaker’s value to over half of that amount. During the 2024 annual shareholder meeting in Austin, Texas, Musk, who reportedly identifies …
Tesla shareholders have voted to ratify CEO Elon Musk’s 2018 compensation package, which was previously rescinded by a Delaware judge in January. During the annual meeting in Austin, Texas, shareholders voted in Musk’s favour. Following Musk’s announcement that shareholders were likely to approve his pay package and a resolution to relocate the company’s incorporation to …
Tesla’s shares surged on Monday 29th April 2024, marking their best performance since March 2021, following the company’s achievement in advancing its driver-assistance technology in China. The stock closed 15% higher, buoyed by investor enthusiasm over Tesla CEO Elon Musk’s visit to China. On Sunday 28th April 2024, Tesla announced that Chinese authorities had lifted …
Continue reading “Tesla’s stock jumps 15% after advanced driver-assistance tech test in China”
Tesla’s profits have significantly decreased so far in 2024, prompting the company to accelerate the introduction of new models. The company is also reducing its workforce by thousands in an effort to improve its financial outlook. The electric vehicle manufacturer reported earnings of $1.13 billion for the first quarter, a sharp decline from $2.51 billion …
The company intends to reduce its global workforce by over 10%, amounting to roughly 14,000 employees As of December, Tesla had a total of 140,473 employees worldwide. This decision is believed to be a response to the obstacles Tesla is encountering with slowing growth and operational effectiveness and cheaper competition. In an internal memo, billionaire owner Elon Musk addressed …
Continue reading “Tesla to lay off over 10% of global workforce”
The CEO of Tesla, Elon Musk recently made an announcement regarding the company’s robotaxi. According to his social media post on X, Tesla will unveil its robotaxi product on 8th August 2024. This project has been a topic of discussion for several years and could potentially represent a significant new business venture for Tesla. The robotaxi initiative aims to …
Chinese EV manufacturers such as BYD and smartphone maker Xiaomi are starting to inflict some damage to Tesla’s EV market. Xiaomi has launched its first electric vehicle (EV) and started taking orders. The company reportedly announced that the standard SU7 model would be priced at 215,900 yuan ($29,872; £23,663), while the Max version would be …
Continue reading “Tesla losing market share to Chinese EV makers”
Tesla recalled more than two million cars in December 2023 after the U.S. regulator found its driver assistance system, Autopilot, was partly defective, it was reported. It follows a two-year investigation into crashes which occurred when the tech was in use. The recall applies to almost every Tesla sold in the U.S. since the Autopilot feature was …