STMicroelectronics is expecting lower sales this quarter as demand for legacy semiconductors found in cars, industrial equipment and other devices remains weak.The European chip maker–which counts Apple,
Good morning. Meta and Tesla shares gain on solid earnings news. The European Central Bank is widely expected to cut rates again. And increasing thefts in Britain are costing retailers billions of pounds.
Tesla shares opened up 3.6% in Frankfurt trading on Thursday, even as quarterly results at the U.S. electric vehicle maker fell short of Wall Street expectations.
Tesla will launch an “unsupervised, no one in the car” robotaxi service in Austin, Texas, in June, Elon Musk said in an earnings call Wednesday. “We just want to put a toe in the water, make sure everything’s okay, put a few more toes in the water, with safety of the general public and those in the car as a top priority,” Musk said.
Tesla CEO Elon Musk said Wednesday his company will launch a paid ride-hailing robotaxi service in Austin, Texas using its own fleet vehicles this coming
Tesla's fourth-quarter and full-year earnings day is here — a highly anticipated report that is expected to be released after market close Wednesday.
Soon you'll be able to go hands off the wheel, eyes off the road while chatting with your Rivian. A look at how the EV maker plans to rival Tesla with AI and autonomy.
The final earnings release of 2024 finalized another difficult year for Tesla’s bottom line, as its full-year net income came in at $8.4 billion, a 23% decrease from 2023 and a 40% decline from 2022’s record $14.1 billion profit, though its full-year revenue rose $97.7 billion, a 1% improvement from 2023’s record.
Tesla Inc. shares have nearly doubled in value since the last time the company reported earnings— a set-up that usually spells high expectations for upcoming results. But its car-selling business has become a sideshow to Elon Musk’s political prominence.
The Tesla CEO's net worth fell by around $4 billion yesterday, however, according to the Bloomberg Billionaire Index.