Tesla deliveries beat forecasts
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Tesla, Texas
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Tesla is trying to recover from consecutive annual declines in vehicle sales that were partly caused by a consumer backlash against CEO Elon Musk.
A front-door video camera of the crash, which killed a woman inside her home, showed the Tesla plowing into a house through its driveway.
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Tesla stock update: Why is TSLA down despite strong Q2 delivery beat? Tesla falls 7%+ as margin concerns and EV competition weigh on sentiment
India, July 3 -- Tesla stock came under heavy pressure on Thursday, falling around 7.5%, marking its worst single-day drop in nearly a year, even after the company reported stronger-than-expected Q2 deliveries and production numbers.
Tesla told employees last month it would impose a $200 per week limit for staff’s AI spending beginning July 6, according to an internal memo, a sign that even companies committed to using the technology to transform their operations and products are having to watch their costs.
The EV company has filed a new insurance policy with a launch date of Sept. 1 that would lower premiums for some drivers but still has gaps in coverage.
A spike in gas prices due to the war in the Middle East appear to have given the EV industry a shot in the arm.
Tesla car sales rose over the past three months for the second straight quarter in a possible sign the worst of the boycotts against company and lost market share to rivals are behind it.
Popular Tesla (Nasdaq: TSLA) investor and Gerber Kawasaki Wealth & Investment Management CEO Ross Gerber doesn't mince his words, whether it's Elon Musk's priorities or the crypto market he is talking about.
