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Tesla's energy business, meanwhile, would need to store 780 gigawatt hours of energy in 2030, more than five times the 134 gigawatt hours of storage Wall Street is expecting that year.
For the period, Tesla reported a 9% drop in its deliveries and a 9% drop in revenue. Its gross margin dipped 2 percentage points to 17.4%, while its net income nosedived by 55% to $1.1 billion ...
Tesla wasn't the only EV stock to fall on the news. Rivian Automotive and Lucid Group got hit even harder as both stocks are deeply unprofitable and more urgently need help to sell vehicles than ...
Tesla stock opened Thursday's session lower as the Trump trade rally was showing signs of fatigue. Still, shares remain close to 15% higher than where they opened the day after the election.
Shares of Tesla Inc. have slumped more than 30% this year with the company warning of “notably lower” sales growth in 2024. ... price cuts and the tumbling Tesla stock price. But Tesla's top ...
Tesla shares dropped as much as 5% before paring some of that drop. The stock was trading lower by 2% as of 2 p.m. ET. ... and Li Auto combined to deliver more than 96,000 EVs in September, a new ...
Tesla stock is down 7% since it reported third-quarter vehicle deliveries on Wednesday. ... Jonas has a $310 price target for Tesla stock, more than double Brinkman's $130 target.
This figure represented a nearly 10% drop from the prior year, when Tesla delivered 423,000 vehicles. Compared to the fourth quarter, Tesla's deliveries fell more than 20%.
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