Trump is planning to enforce 25% tariffs on the auto industry, so why is Tesla cruising while others are in a spiral? Here's what to know.
Reports of Elon Musk’s impending departure from the White House could not have been better timed for Tesla’s stock prices, which had started plummeting after its dismal Q1 report was released its morning.
Tesla shares fell Wednesday after the electric vehicle maker's first-quarter deliveries came in below analysts' expectations.
Even longtime bull couldn't sugar coat the EV maker's sales figures. "They were a disaster on every metric," wrote Wedbush Securities' Dan Ives.
Higher interest rates and an uncertain economy are wreaking havoc on Tesla. Not only did unit sales barely grow in the fourth quarter of 2024 (they grew 2% year over year), but automotive revenue also tanked as the company aggressively cut prices.
Tesla stock was down on Wednesday after a severely disappointing first-quarter delivery report that will stoke fear of brand damage caused by CEO Elon Musk’s political activities. Tesla delivered 336,
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Tesla shares gained ground Tuesday after losing more than a third of their value in the first quarter. Monitor these crucial support and resistance chart levels.
EV maker Tesla's latest numbers for Sweden, Denmark, and the Netherlands are down over 60% in March, but TSLA stock is doing fine.