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...Tesla did not respond to a request for comment....
...Tesla was the lone loser in the Magnificent Seven, falling 3.4 per cent for its seventh sraight loss. The electric carmaker reports earnings on Tuesday after the market close....
...Listen to what Musk says, however, and it sounds as if Tesla’s main concern is its expensive autonomous driving project. Earlier this month, Musk wrote on X, “Tesla Robotaxi unveil on 8/8”....
...Tesla pledged to bring forward the launch of “more affordable” models of its electric vehicles, helping its stock recover some of its recent losses despite reporting a 9 per cent decline in first-quarter...
...Tesla shares rose more than 13 per cent on Wednesday....
...Tom Slater from Baillie Gifford, a top-15 Tesla shareholder, said this year would be “quieter” for Tesla sales, but added that investors were enthusiastic about the potential of its self-driving cars....
...Tesla is cutting more than 10 per cent of its global workforce, potentially 13,000 jobs, as the worldwide electric vehicle slowdown and brutal price war hit the US automaker....
...The industry association projected Tesla’s sales in China to fall further in April....
...Is Tesla just a car company? At least for now....
...For years, Elon Musk has been the not-so-secret weapon behind Tesla’s success....
...Tesla stock fell by more than 5 per cent on Monday, recording its worst day since early March after it said it would cut more than 10 per cent of its workforce....
...But the tensions highlight a big difference between Tesla and the other Mag 7 stocks: Tesla’s industry economics are much less settled....
...Tesla reported a bigger than expected drop in its quarterly deliveries, sending its shares more than 7 per cent lower in pre-market trading on Wall Street....
...It went on to say that it made sense for Tesla to incorporate in the Lone Star State because “Tesla is all-in on Texas” because Tesla is “intertwined with our Texas corporate headquarters.”...
...Tesla has asked its shareholders to approve moving its state of incorporation from Delaware to Texas, fulfilling Elon Musk’s promise in February after a Delaware court voided his $56bn pay package....
...Tesla has not officially commented on these or any other reports. Tesla has no press office....
...Tesla has an important dissimilarity from the other seven stocks....
...Tesla declined to comment. Additional reporting by Sylvia Pfeifer in London and Stephen Morris in San Francisco...
...The move comes after Tesla cut prices in 2023 as part of a broader price war among Chinese EV manufacturers....
...“If you’re a private owner of a Tesla, you’re $20,000, $30,000 or even $40,000 worse off,” said the former Tesla executive....
...Four of Tesla’s top 10 institutional shareholders contacted Denholm to complain about the Delaware ruling, Tesla said in the investor letter....
...It is not the first time Tesla has had to temporarily stop production in Europe....
...It was set to be the first time since mid-January Tesla has fallen for two consecutive weeks, owing to last week’s 13.5 per cent drop....
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