Tesla

Economic Recession
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Elon Musk
Tesla
US Economy

Tesla Pauses Plants After Ending Shaky Quarter With a Production Milestone

(Bloomberg) — Tesla Inc. investors have a lot to parse after the July 4 holiday: a disappointing quarter of deliveries, a record month of production, and now several weeks of downtime at multiple plants. The electric-car maker will halt most production on its Model Y assembly line in Shanghai for the first two weeks of […]

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Electric Cars
EV Battery
EV Charging
EV Stocks
Tesla

Tesla Deliveries Dipped in Quarter, Snapping Two-Year Streak

(Bloomberg) — Tesla Inc. delivered 254,695 cars worldwide in the three months to June, snapping a two-year streak of quarter-on-quarter gains, as a Covid-related shutdown at its factory in Shanghai crimped production. The results, posted Saturday, missed a forecast of 261,181 vehicle deliveries based on an average of analyst estimates compiled by Bloomberg. That is […]

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Lay Offs
Tesla
Unemployment

Tesla Lays Off About 200 Autopilot Workers, Most of Them Hourly

(Bloomberg) — Tesla Inc. laid off hundreds of workers on its Autopilot team as the electric-vehicle maker shuttered a California facility, according to people familiar with the matter. Surprisingly, the majority of those who were let go were hourly workers, said the people, who asked not to be identified discussing private information. As recently as […]

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Stock Market Crash
Tesla

Tesla Resumes Plunge as Fears of Slow Production Weigh on Stock

(Bloomberg) — Tesla Inc. is struggling Tuesday as the electric-vehicle maker’s production woes in China refuse to go away, leading another analyst to slash their 12-month price target on the once high-flying stock. “With about 13,000 units of production per week and higher than average margins, any production loss at Shanghai is bound to have […]

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Cathie Wood
ETF
Tesla

Tesla Loses Top Spot in Cathie Wood’s Flagship Fund

(Bloomberg) — Tesla Inc. has lost its crown jewel status in Cathie Wood’s main fund for the first time in about four-and-a-half years. Elon Musk’s company had commanded the pole position by market value in the ARK Innovation ETF, an exchange-traded fund known as ARKK, on most days since at least 2017, according to data […]

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Elon Musk
S&P 500
Tesla

Tesla’s Removal From S&P Index Sparks Debate About ESG Ratings

(Bloomberg) — A benchmark ESG stock index has removed Tesla Inc., sparking a debate about which companies do — and don’t — pass muster with socially aware investors. Tesla has grown into a $735 billion company on the back of its breakthrough electric-vehicle engineering. Its own carbon footprint is a small fraction of its peers, […]

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FAANG
Tech Stocks
Tesla

There’s No Greater Divide Than the Tesla Stock Gap

(Bloomberg) — Tesla Inc. looks more than ever like a mature company, with 11 consecutive quarters of profits and long-term production goals. Yet analysts couldn’t disagree more about where the shares of Elon Musk’s company are going. Their price targets — predictions for the electric-vehicle maker’s stock 12 months from now — range from a […]

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Cathie Wood
ETF
Tesla

Cathie Wood Just Keeps Buying Coinbase and Getting More Inflows

(Bloomberg) — After one of the most dramatic weeks yet for ARK Investment Management, Wall Street can no longer have any doubts: Cathie Wood is sticking with her strategy — and investors are sticking with her. The chances of both have been questioned this year as a selloff in speculative tech stocks laid waste to […]

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Elon Musk
Tesla
Twitter

Elon Musk Offloads $4 Billion of Tesla Shares, Pledges No More Sales

(Bloomberg) — Elon Musk sold about $4 billion worth of Tesla Inc. shares after announcing a blockbuster $44 billion deal to buy Twitter Inc. Tesla’s chief executive officer offloaded about 4.4 million shares on April 26 and April 27, filings showed late Thursday. Wall Street analysts and investors in the electric carmaker suspected that Musk […]

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Cathie Wood
Tesla

Cathie Wood’s Ark Now Sees Tesla Shares More Than Quadrupling

(Bloomberg) — Cathie Wood’s Ark Investment Management now expects Tesla Inc. shares to more than quadruple to $4,600 by 2026. Ark last year said it saw shares of the electric-vehicle maker hitting $3,000 by 2025, but has since updated its price target amid new expectations around Tesla’s prospective robotaxi business and capital efficiency. The firm’s […]

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Crypto
Tesla

Tesla Crypto Tokens Rise as Shanghai Shutdown Discounted

(Bloomberg) — Tesla Inc. investors are signaling confidence that the automaker can power through disruptions such as the continued shutdown of its Shanghai factory due to Covid-19 lockdowns, at least based on crypto-token trading that suggests its shares will rise Monday. The electric-vehicle maker said Saturday it delivered a record 310,048 cars worldwide in the […]

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