According to the latest numbers, shipments from its Shanghai factory took a year-on-year 24.2% dive. This is the fourth time this year that sales numbers were down. Analysts attribute this decrease to rising competition in the industry and a drop in demand for EVs. Tesla indicated that it sold 443,956 vehicles in Q2 2024 as…
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While the signs had been clear that it would be a difficult quarter, analysts were still taken aback as the numbers were far lower than their revised estimates had suggested. The company delivered 8.5% fewer cars than in the same period of 2023, surprising analysts who had expected to see an increase. The news caused…
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Known as Gigafactory Berlin-Brandenburg, Tesla applied to double its manufacturing capacity to 1 million electric vehicles (EVs) per year in July 2023. This plant reportedly rolled out 6,000 EVs per week just before it halted operations due to a component shortage in January 2024. At the time, plant director Andre Thierig said in a Tagesspiegel…
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Tesla Inc. (NASDAQ:TSLA) reported a worse-than-expected loss in Q2 earnings yesterday. The company's shares plunged as much as 12% in after-hours trading and declined 22% this year as of markets close Wednesday. Revenue was $6.35 billion versus $6.41 billion expected. Another major management change has also been announced - Tesla's co-founder J.B. Straubel, who’s been…
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The Securities and Exchange Commission (SEC) has announced that Elon Musk, CEO and Chairman of Silicon Valley-based Tesla, Inc. (NASDAQ:TSLA), has agreed to settle the securities fraud charge brought by the SEC against him last week. The SEC has also charged Tesla with failing to have required disclosure controls and procedures relating to Musk’s tweets,…
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The Securities and Exchange Commission (SEC) has announced that it has charged Elon Musk, CEO and Chairman of Silicon Valley-based Tesla Inc. (NASDAQ:TSLA), with securities fraud for a series of false and misleading tweets about a potential transaction to take Tesla private. On August 7, 2018, Musk tweeted to his 22 million Twitter followers that…
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