Tesla Financial News
03.01 / 10:52
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Futures edge lower, Tesla's China-made EV sales surge - what's moving markets
Investing.com -- U.S. stock futures point lower on Wednesday after a mostly downbeat start to 2024 in the prior session. Markets are now awaiting the publication of the minutes from the Federal Reserve's December policy meeting and, with it, potential clues into the central bank's interest rate path in the coming months. Elsewhere, sales of Tesla's (NASDAQ:TSLA) China-made cars soar in December, but Elon Musk's electric vehicle giant is still grappling with fierce competition in the country.
03.01 / 06:31
03.01 / 03:42
03.01 / 02:42
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MSCI
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Asian shares extend global sell-off, dollar holds gains
Asian shares extended a global sell-off on Wednesday while the dollar held gains as market optimism about early and aggressive U.S. interest rate cuts ebbed ahead of the release of Fed minutes and jobs data. MSCI's broadest index of Asia-Pacific shares outside Japan fell 1.1% after a 1.0% drop the previous day in a sluggish start of the new year.
02.01 / 23:46
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Rivian's Fourth-Quarter Delivery Shortfall Sends Shares Tumbling
Quiver Quantitative — Rivian Automotive (NASDAQ:RIVN) faced a challenging close to 2023, missing fourth-quarter delivery targets and witnessing a sharp decline in its share value. The electric vehicle (EV) maker delivered 13,972 vehicles in the quarter, falling short of the anticipated 14,430 units. This underperformance, attributed to heightened competition and soaring interest rates in the U.S., prompted a nearly 10% drop in Rivian's stock.
02.01 / 23:10
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Tesla Sets Quarterly Record but Loses Top EV Spot to BYD in 2023
Quiver Quantitative — Tesla (NASDAQ:TSLA) wrapped up 2023 with a record-setting fourth quarter, delivering 494,989 electric vehicles, yet it couldn't retain its position as the leading EV manufacturer, surpassed by China's BYD (SZ:002594). Despite achieving a remarkable annual production of 1.85 million units, Tesla fell short of CEO Elon Musk's goal of 2 million. In comparison, BYD, bolstered by Warren Buffett's backing, surpassed Tesla with 526,409 deliveries in the fourth quarter, reflecting a consumer shift towards more affordable EV options in an economy burdened by high interest rates.
02.01 / 17:28
02.01 / 16:32
Manufacturing
Tesla
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BYD overtakes Tesla as world's top EV maker
Tesla has lost its crown as the top maker of all-electric vehicles to Chinese firm BYD, according to sales figures released Tuesday. The US-based car manufacturer run by billionaire Elon Musk delivered 484,507 vehicles in the fourth quarter of 2023, said a company filing — up more than 11 percent from the previous quarter. But this increase was not enough to maintain Tesla's crown as the world's top battery electric vehicle producer and seller, as Chinese rival BYD reported sales on Monday of 526,409 for the same period. These figures underscore the challenges Tesla will likely face this year, from competitors keen to capitalize on the growing demand for EVs.
02.01 / 16:15
02.01 / 14:09
Target
Tesla
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Tesla beats fourth-quarter delivery estimates, surpasses 2023 target
(Reuters) — Tesla (NASDAQ:TSLA) on Tuesday reported fourth-quarter deliveries ahead of analysts' estimates after a push to deliver more Model 3 electric cars before some variants of the compact sedan lose federal tax credits in the new year under the Inflation Reduction Act (IRA).
02.01 / 14:08
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Q4
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Tesla tops analyst expectations for Q4 deliveries
Tesla (NASDAQ:TSLA) produced about 495,000 electric vehicles (EVs) in the fourth quarter of the last year, the company said today.
02.01 / 13:03
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Apple, Tesla and Hasvro fall premarket; Coinbase and Exxon Mobil rise
Investing.com — U.S. futures traded lower Tuesday, with investors consolidating after a stellar year ahead of the release of key manufacturing activity data.
02.01 / 12:59
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Bitcoin
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Futures edge lower after bumper 2023, Bitcoin tops $45K - what's moving markets
Investing.com -- U.S. stock futures point to a lower start to 2024 following a blockbuster year on Wall Street. Elsewhere, China's BYD (SZ:002594) unveils fourth-quarter production figures that heap pressure on Tesla's (NASDAQ:TSLA) spot as the world's biggest electric vehicle maker. Bitcoin tops $45,000, bolstered by expectations that U.S. securities regulators may be edging closer to approving an exchange traded fund tracking the megapopular cryptocurrency.
02.01 / 11:59
02.01 / 11:44
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eTukTuk Driving Change as the Developing World Tesla Rolls Out Groundbreaking Three-Wheeler EV
Disclaimer: The text below is a press release that is not part of Cryptonews.com editorial content.
02.01 / 11:18
Platform
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NVIDIA
Mega-cap companies saw strong gains in 2023 amid tech optimism
(Reuters) — Global mega-cap companies, led by the technology sector, posted solid gains in 2023, boosted by optimism over artificial intelligence, that inflation was peaking and on hopes for further economic stimulus from central banks.
02.01 / 11:13
ETF
economy
Tesla
Bitcoin
track
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Futures muted after bumper 2023, Bitcoin tops $45K - what's moving markets
Investing.com -- U.S. stock futures point to a muted start to 2024 following a blockbuster year on Wall Street. Elsewhere, China's BYD (SZ:002594) unveils fourth-quarter production figures that heap pressure on Tesla's (NASDAQ:TSLA) spot as the world's biggest electric vehicle maker. Bitcoin tops $45,000, bolstered by expectations that U.S. securities regulators may be edging closer to approving an exchange traded fund tracking the megapopular cryptocurrency.
02.01 / 08:59
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‘2024 is gonna be more crazy’, Elon Musk predicts. Here's why
Tesla CEO marked the commencement of the New Year on Monday by saying, “LFG 2024 (let's freaking go)". He has foretold that this year will be the most remarkable one yet, implying that the US presidential election in November will take place. In 2024, there will be historic elections in about 70 countries, including the US, India, Mexico, and South Africa.
02.01 / 08:57
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Former Niti Aayog CEO tells Indian automakers to 'raise ambition' as China leads electric cars' market
Year Ender 2023: Top EVs that took center stage in India's 2023 auto market "The race to capture electric car markets globally is presently on. Chinese carmakers account for nearly half of global electric sales. The market is led by BYD at 18% followed by Tesla at 12%.
02.01 / 05:23
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Porsche
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BYD is set to beat Tesla for a second straight year after producing more than 3 million cars in 2023
BEIJING — BYD said Monday it produced more than 3 million new energy vehicles in 2023, putting the Chinese electric car giant on track to surpass Tesla's production for a second straight year.
02.01 / 01:06
Aviat
Volkswagen
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Chevrolet
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performer
More electric vehicles lose tax credits due to battery sourcing rules in US
Tesla deliveries to hit record, but fall short of Elon Musk’s aspirations Volkswagen said on Monday it "is in the process of confirming eligibility for a federal EV tax credit for vehicles" after Jan. 1.
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