Tag Archives: Tesla

The uber-busy Elon Musk is still a key risk to the successful running of Tesla (TSLA) that investors shouldn’t lose sight of, warned Jefferies analyst Phillippe Houchois. “We have published research many times in the past where we say the enemy is inside of Tesla,” Houchois said on Yahoo Finance Live (video above). “Musk is an incredible driving force, but he is also the one that brings unnecessary risk, in a way, to the situation.” The prickly billionaire reminded investors of that risk at… Source link

Tesla CEO Elon Musk sounded sleepy on the EV maker’s earnings call late Wednesday. That’s not surprising given the time needed to try to reduce debt at Twitter, appear in court, study rocket designs, and stay up late the day before the call with the Tesla AI team. Musk did his best to sound enthusiastic about Tesla’s business as he warned of a “severe” recession this year — doubling down on his recent downbeat economic rhetoric — before announcing a delay in the timeline of Cybertruck… Source link

Tesla (TSLA) The electric vehicle (EV) giant reported adjusted quarterly earnings of $1.19 versus analyst estimates of $1.12 per share. Sales of $24.32 billion beat analyst estimates of $23.03 billion. Tesla’s automotive gross margin of 25.9% came in below expectations of 28.4%. The company said its Cybertruck model is on track to begin production later this year. More details are expected to be revealed at its investor day on March 1. IBM (IBM) IBM shares rose 2% after the company announced… Source link

Tesla (TSLA) is building another production facility — in a state where it has an existing toehold. Last night in his state of the state address, Nevada Governor Joe Lombardo mentioned that Tesla would soon be building its new Semi electric truck in the state. “I am looking forward to joining Elon Musk and the team at Tesla tomorrow when they unveil plans to build a brand new $3.5 billion advanced manufacturing facility in northern Nevada for the company’s all-electric semi-trucks,”… Source link

Elon Musk said Google had a “standing interest in buying Tesla” in testimony in the securities fraud trial. The Tesla CEO said this helped encourage him to try to secure funds to take the EV maker private. According to a 2015 book, Musk and former Google CEO Larry Page had an $11 billion deal in place for Tesla.   … Source link

Bet the farm on battered Tesla (TSLA) stock ahead of the company’s hotly anticipated earnings report on Wednesday, contends Canaccord Genuity analyst George Gianarikas. “Buy [Tesla stock] — it’s pretty simple,” Gianarikas said on Yahoo Finance Live (video above). “The stock had a pretty bad 2022 in terms of performance. That was based on multiple things, and some would attribute it to Elon Musk’s rantings on Twitter. We think it had a lot to do with the demand situation impacting Tesla,… Source link

This article first appeared in the Morning Brief. Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Subscribe Monday, January 23, 2023 Today’s newsletter is by Brian Sozzi, an editor-at-large and anchor at Yahoo Finance. Follow Sozzi on Twitter @BrianSozzi and on LinkedIn. Read this and more market news on the go with the Yahoo Finance App. Last week in Davos, Elon Musk didn’t come up in one chat — on or off the record — among any of the 75+ business… Source link

Tesla (TSLA) CEO Elon Musk took the witness stand on Friday to defend his 2018 Twitter posts against a group of Tesla shareholders. The shareholders hope to persuade jurors that the posts — specifically the one where Musk tweeted “funding secured” to take Tesla private — were false and therefore violated securities laws. “The tweets are truthful — just simply short,” Musk said on the stand Friday in response to the shareholders’ lawyer who questioned whether Twitter’s character… Source link

January 20, 2023, 2:35 PM Oops! Something went wrong. Please try again later. Oops! Something went wrong. Please try again later. Oops! Something went wrong. Please try again later. Oops! Something went wrong. Please try again later. Oops! Something went wrong. Please try again later. Oops! Something went wrong. Please try again later. Oops! Something went wrong. Please try again later. Oops! Something went wrong. Please try again later. Oops! Something went wrong. Please try again later. Yahoo Finance Live anchors… Source link

The jury selection process in the trial to determine if one of Elon Musk’s infamous tweets violated U.S. securities laws kicked off on Tuesday. The trial comes after Tesla’s shareholders sued Musk and Tesla’s board of directors in 2018, alleging that Musk illegally posted on Twitter that funding had been secured to privatize the electric vehicle company. Musk’s post, the shareholders say, artificially manipulated Tesla’s stock price. “Am considering taking Tesla private at $420…. Source link