Elon Musk’s electric vehicle company beat expectations on both the top and bottom lines, and passed $1 billion in quarterly net income for the first time. The company reported a $23 million impairment related to bitcoin. Tesla reported second-quarter earnings after the
Tesla is on deck to report earnings after the closing bell Monday. The stock has lagged after hitting a record high in January. Shares closed last week at $643 per share, down nearly 30% from its highs. Tesla has been “stuck
Speaking at The B Word, a conference about bitcoin, Musk said that Tesla could play a role in helping the bitcoin industry transition to clean energy, then got wistful about his struggles with Tesla. In a Twitter exchange with fans
Chinese regulators said on Saturday Tesla would ‘recall’ nearly 300,000 China-made and imported Model 3 and Model Y cars for an online software update related to assisted driving, with owners not required to return their vehicles. The State Administration for Market Regulation
The price of Tesla (TSLA.O) vehicles is increasing due to supply chain pressures across the auto industry, particularly for raw materials, Elon Musk said on Monday in response to a tweet. “Prices increasing due to major supply chain price pressure industry-wide. Raw materials
KEY POINTS Tesla has switched on a driver-facing camera in some of its Model 3 and Model Y vehicles to make sure drivers are paying attention to the road when they use Autopilot, the company’s driver assistance system. The camera-based
New York (CNN Business)The Model S is finally coming back. Tesla hasn’t delivered one of the luxury sedans since the start of the year thanks to a computer chip shortage and a redesign of the car, once the company’s only
KEY POINTS Tesla CEO Elon Musk implied in a Twitter exchange Sunday afternoon that the electric vehicle maker sold or may sell the rest of its bitcoin holdings, sending the price of the cryptocurrency down. Musk has been a big
Tesla has “suspended vehicle purchases using bitcoin,” out of concern over “rapidly increasing use of fossil fuels for bitcoin mining,” according to a tweet from CEO Elon Musk on Wednesday. Tesla, led by Elon Musk, confirmed that it purchased about
Tesla recently revealed in an SEC filing how Elon Musk’s electric car company works with his other businesses, including SpaceX, the reusable rocket maker, and his tunneling venture The Boring Company. Related party transactions among Musk’s businesses were relatively small,