The Detroit carmaker is creating a domestic supply base to make EVs cheaper and profitable aided by Kurt Kelty, who landed Tesla’s top battery supplier in its early days.
Still, during Tesla's fourth-quarter earnings call on the evening of January 29, he sent a characteristically blunt message to those who doubted him along the way. "Very few people understand the value of self-driving and [Tesla's] ability to monetize the fleet.
[UPDATE] Tesla and General Motors stand to bear the brunt of the elimination of the federal EV tax credit.
Tesla investors will look for more details on the automaker's lower-priced model when it reports quarterly results on Wednesday.
The electric car company run by Elon Musk is facing increasing competition, but investors have focused mostly on the prospects for Tesla’s self-driving technology.
General Motors is focusing on its Super Cruise driver assistance technology to boost revenue, predicting $2 billion annually within five years. This technology, similar to Tesla's Autopilot, enables hands-off driving and is expected to foster consumer acceptance of self-driving cars,
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Tesla Stock Opens Lower. Call It Pre-Earnings Jitters.
· 16h · on MSN
As Tesla stock rises on more robotaxi claims, what should investors do?
Tesla's stock tends to make big moves after earnings
Tesla's stock tends to swing wildly after earnings, having made double-digit percentage moves following each of the past four earnings reports. Those were split between losses and gains. Looking back at the past eight earnings reports,
In 2024, about 20% of roughly 18,000 users signed up for a Super Cruise subscription after the complimentary subscription ended, Barra said. Another 33,000 vehicles will end a three-year trial period in 2025 and GM is targeting to more than double subscription revenue, she added.
The robotaxi service Musk said will launch in June will likely be distinct from the purpose-built “Cybercab” vehicles that it touted at a splashy LA event in October. Tesla said at the time that it would aim to start manufacturing its Cybercab—which won’t have a steering wheel or pedals—sometime before 2027.
Owners of the electric Lucid Gravity SUV will gain access to Tesla’s Supercharging network starting January 31. The Gravity is Lucid’s second
Tesla reported lower than expected profits Wednesday but confirmed key 2025 benchmarks, saying it will return to sales volume growth and move forward with fully autonomous driving. But Tesla expects growth in 2025,
The new Model Y brings redesigned front and rear lights, as well as an updated sound system with additional speakers and a retuned suspension system.
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