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The Latest Breaking News from Tesla Inc.

Tesla's Q1 2023 Earnings Call Takeaway Recap

Perhaps you didn't get a chance to listen to Tesla's earnings call in its entirety, or at all. We have the key morsels here for you in summary.

InsideEVs

BMW apologizes for ice-cream incident at Shanghai Auto Show

Social media users accused the carmaker of discrimination, with one hashtag attracting millions of views on Twitter-like platform Weibo.

Fortune

Elon Musk loses $13 billion in 24 hours after SpaceX rocket explosion and disappointing Tesla earnings

The CEO of Tesla and Twitter has seen his net worth battered in recent years.

Fortune

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Tesla sinks as Musk eyes more price cuts despite margin squeeze

Tesla Inc. shares slid the most in more than three months after Elon Musk indicated his company will keep cutting prices to stoke demand even after markdowns early this year took a significant toll on profitability.

Tribune News Service

Bank shares slip as ACCC probes savings rates, ASX finishes lower as dust settles on RBA review, Tesla shares slide — as it happened

The Australian share market finishes lower as the dust starts to settle after yesterday's RBA review, with bank shares sliding as the ACCC launches a probe into savings rates. Look back on the day's events with our business reporters on the ABC News markets blog.

ABC News

Stocks Retreat on Weakness in Tech and Soft Economic Reports

What you need to know… The S&P 500 Index ($SPX ) (SPY ) Thursday closed down -0.60%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed down -0.33%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed down -0.78%. Stock indexes on Thursday posted moderate losses. Weakness in...

Barchart

Stock Market Today: Stocks Struggle After Tesla Earnings, Economic Data

Signs that consumer demand is weakening and the economy is slowing weighed on the major indexes Thursday.

Kiplinger

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Tesla’s stock is plummeting. Here’s why one analyst thinks it’s ‘one of the most overvalued’ on the market and could drop another 80%

David Trainer, CEO of investment research firm New Constructs, warns that Tesla stock is “highly overvalued” and could sink to $28 per share.

Fortune

Tesla’s coming crash: As 7 analysts lower their price targets, one predicts the stock is heading to $28

David Trainer of New Constructs believes the selloff in Tesla shares isn’t remotely big enough to bring the EV king’s stock in line with its fundamentals.

Fortune

Tesla Supercharging Network: 269 Stations Added In Q1 2023

During the first quarter of 2023, Tesla slightly increased the expansion rate of its Supercharging network around the world, compared to Q1 2022.

InsideEVs

Renault refuses to get drawn into Elon Musk’s EV pricing war

Some carmakers are refusing to get drawn into Elon Musk’s Tesla EV price war.

Fortune

How an old-school, Italian utility company plans to become Tesla’s fiercest rival

Utility company Enel is pushing into the U.S. market via EV chargers.

Fortune

30 Supercars, Hypercars, And EVs With Over 1,000 Horsepower

From Aston Martin to Tesla, these are some of the cars you can buy – or will soon be able to buy – with over 1,000 horsepower.

Motor1

Elon Musk Believes Tesla's FSD May Be Solved In 2023: Sound Familiar?

Musk said years ago Tesla would send one of its EVs from coast to coast with no human intervention. He remains very optimistic, but it seems like a stretch.

InsideEVs

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Barchart

Stocks Fall on Tech Stocks and Weak U.S. Economic Reports

What you need to know… The S&P 500 Index ($SPX ) (SPY ) today is down -0.48%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is down -0.40%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -0.31%. U.S. stock indexes this morning are moderately lower. Weakness...

Barchart

Electric Vehicle Stocks Take a Beating Following Tesla’s Price Cut

While electric vehicles may be the future of transportation, the sector may suffer from a war of attrition following Tesla’s decision to cut prices for its EVs.

Barchart

Markets Today: Stock Index Futures Pressured by Weak Tech Stocks

Morning Markets June S&P 500 futures (ESM2 3) this morning are down -0.78%, and June Nasdaq 100 E-Mini futures (NQM2 3) are down -0.94%. U.S. stock index futures this morning are moderately lower. Weakness in technology stocks is a drag on the overall market, with Tesla down more than -7%...

InsideEVs

Spain: Plug-in Car Sales Surged To New Record In Q1 2023

Plug-in electric car sales increase pretty quickly in Spain, reaching new record levels of 10,666 in March (up 63.5% year-over-year) and 26,522 in Q1 (up 47%).

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InsideEVs

Tesla Provides Cybertruck Updates, Production Line Images

Elon Musk has been promising the Cybertruck is finally coming to market this year, but there are many missing details. Tesla did share production line images.

InsideEVs

Tesla Cybertruck Handover Event Expected In Q3 2023: Elon Musk

Elon Musk also said Cybertruck reservation holders are likely to get an update on the truck's specifications and pricing at the delivery event.

France 24

Tesla commits to price-cutting strategy despite drop in profits

Electric vehicle maker Tesla reported a 24 percent rise in revenue in the first quarter of the year, while also seeing a 24 percent drop in profits. This follows a price-cutting drive in order to gain more market share in an increasingly competitive industry. Also in this edition, the Republican…

Metal Hammer

Angry again: how Last Action Hero's incredible soundtrack helped keep metal alive in the 90s

Megadeth, Anthrax, Alice In Chains, Queensrÿche... Schwarzenegger's Last Action Hero may have flopped with critics, but 30 years on, its soundtrack is an absolute classic

The Independent UK

Stock market today: Asian shares trading mostly lower

Shares are mostly lower in Asia in narrow trading after they barely budged again on Wall Street following a mixed batch of earnings reports from big U.S. companies

Bangkok Post

Tesla likely to launch full self-drive technology this year

SAN FRANCISCO: Elon Musk said on Wednesday that electric vehicle (EV) giant Tesla likely will launch full self-drive technology this year and generate significant profits that offset some of the margin pressure it's facing due to aggressive price cuts.

Tribune News Service

Tesla misses estimates as price cuts squeeze profit margins

Tesla Inc. missed first-quarter profit estimates after a series of price cuts designed to boost demand squeezed margins.

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