Tesla Financial News

Sheldon Kimber sees a lucrative opportunity in bottling sunshine. The 46-year-old entrepreneur is installing hundreds of giant batteries the size of shipping containers around sun-soaked Texas and California. The batteries charge up during the day when solar power is abundant.

Stocks that traded heavily or had substantial price changes on Monday: Macy’s and Burberry fall; Trump Media and Tesla rise

Elon Musk said on Monday the automaker was taking extra time for its robotaxi event for an important design change to the front of the vehicle and «show off» some other things. Musk did not disclose when the automaker would hold an event to launch its robotaxi.

Toyota said Wednesday it’s investing in Ionna, teaming with seven other automakers to support the company’s implementation of its charging network for battery electric vehicles across North America

Tesla shareholders will appear in court on Monday to argue that an unprecedented request for more than $7 billion in attorneys' fees to be paid by the company is «outlandish,» the latest twist in a legal showdown over Musk's $56 billion pay package. The record fee request was made by investor Richard Tornetta on behalf of three law firms that represented him, including Bernstein Litowitz Berger & Grossmann. Tornetta owned nine shares of Tesla when he sued over Musk's pay package of stock options in 2018, a legal battle he ultimately won in January when the package was voided.

chip giant TSMC into the elite club of the world's most valuable companies is further proof that the generative AI revolution is shaking up Wall Street. TSMC, listed in both Taiwan and New York, briefly broke the one trillion dollar market capitalization barrier on Monday, putting it ahead of Tesla as the seventh most valuable technology giant on the stock market.

The European Union is moving to sharply increase customs duties on electric vehicles made in China

A Delaware judge is considering a massive and unprecedented fee request by lawyers who successfully argued that a massive and unprecedented pay package for Tesla CEO Elon Musk should be voided

A big gain for Tesla helped drive Wall Street to more records

A big gain for Tesla helped drive Wall Street to more records

Tesla’s global sales fell for the second straight quarter despite price cuts and low-interest financing offers, another sign of weakening demand for the company’s products and electric vehicles overall

Most U.S. stocks rose after the latest update on inflation bolstered Wall Street’s belief that relief on interest rates may come as soon as September

Stocks that traded heavily or had substantial price changes on Tuesday: Tesla, Archer Aviation rise; Eli Lilly falls

BYD has signed a contract to build a $1 billion factory in Turkey, stepping up its efforts to expand internationally. This calculated action seeks to support BYD's ambition to lead the world EV market. According to a statement shared on X, Turkey's industry minister Mehmet Fatih stated the factory will start production by late 2026. It is anticipated to increase BYD's capability for European vehicle manufacture, with an approximate yearly production capacity of 150,000 vehicles.

electric vehicle (EV) policy to incentivise automakers that have already made investments in the country, people in the know told ET. This comes as US electric carmaker Tesla Inc is still to make any firm commitment on building a factory in India. The policy, which aims to accelerate the local manufacturing of high-end electric cars, currently supports only fresh investments. Consultations are also on with stakeholders on another key issue troubling carmakers. Govt Preparing SOPs The government may potentially consider investments in plants producing both internal combustion engine and electric vehicles as eligible for incentives to add scale and make large investments viable for automakers, the people said. About half a dozen carmakers such as Volkswagen-Skoda, Hyundai-Kia and VinFast have expressed interest in the new policy, the Scheme for Manufacturing of Electric Cars (SMEC), the people said.

Tesla's best-selling Model Y was included in a list of electric and plug-in hybrid models that a local government in China can purchase as a service car, according to the official Chinese media outlet the Paper on Thursday. It was the first time Tesla's cars have been made eligible for government purchases in China, the Paper added. China's eastern Jiangsu provincial government published 56 batches of new energy vehicle procurements for use as service cars by party, government and public organisations in a government statement on June 6.

European Union is imposing sharply higher customs duties on electric vehicles imported from China. EVs are the latest flash point in a broader trade dispute over Chinese government subsidies and Beijing's burgeoning exports of green technology to the 27-nation bloc. The higher duties go into effect on Friday, pending a final decision in four month's time. Here are some basic facts about the EU's planned customs duties: What did the European Union do?

Ken Griffin, founder and CEO of Citadel, said he remains skeptical that artificial intelligence could soon make human jobs obsolete as he sees flaws in machine learning models applied in certain scenarios.

Last checked, US-based Tesla had not taken the bait of India’s policy package unveiled in March to attract global makers of electric vehicles (EVs), though Vietnam’s VinFast may qualify for its benefits—which include low-tariff imports of EVs worth under $35,000 apiece for five years—and Germany’s famous Mercedes-Benz has it under consideration. As reported, Mercedes India’s CEO Santosh Iyer has said the car-maker is ready to invest $500 million, the qualifying minimum, if it could be certain that today’s 5% GST rate for EVs stays in place for at least a decade. In itself, this is not an unreasonable ask.

June-quarter deliveries likely fell 6%, the first time the top EV maker is set to post two straight quarters of decline, as it deals with stiff competition in China and slow demand due to a lack of affordable new models. The company is expected to deliver 438,019 vehicles for the April to June period, according to an average estimate based on forecasts from 12 analysts polled by LSEG, seven of whom slashed their expectations in the past three months. The EV maker is expected to announce the results on Tuesday. Tesla has hit a speed bump after years of rapid growth that helped make it the world's most valuable automaker. It warned in January that deliveries growth in 2024 would be «notably lower» as a boost from months-long price cuts wanes.

Nvidia, Gamestop, AMD, and Tesla were among the most traded equities by investors with Schwab trading accounts, the firm has revealed.