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Investors already knew that Tesla's vehicle sales fell in 2024, declining by 1.1% to 1.79 million, but the EV titan just confirmed that automotive revenue was also down last year, down 6% to $77.1 ...
On the other hand, Ford posted a free-cash-flow-to-assets ratio of 2.0%, and Volkswagen did 2.6%: both right in Tesla's neighborhood. Even Musk doesn't seem to totally disagree, given his newfound ...
The numbers also came in ahead of the 435,059 EVs the company delivered in the year-ago period. Wall Street had expected Tesla to deliver closer to 463,897, according to Bloomberg.
Tesla announced a voluntary recall on November 20, 2015, of all of its 90,000 Model S vehicles, to check for a possible defect in the cars' front seat belt assemblies. The problem was raised by one customer in Europe. Tesla's resulting investigation was unable to identify a root cause for the failure, and the company decided to examine every car.
To that end, Tesla said on its website Wednesday it will offer $7,500 discounts on Model 3 and Model Y vehicles delivered in the U.S. in December. Tesla shares fell more than 8% in Thursday's session.
Tesla, Inc. (/ ˈ t ɛ s l ə / ⓘ TESS-lə or / ˈ t ɛ z l ə / TEZ-lə [a]) is an American multinational automotive and clean energy company. Headquartered in Austin, Texas, it designs, manufactures and sells battery electric vehicles (BEVs), stationary battery energy storage devices from home to grid-scale, solar panels and solar shingles, and related products and services.
One week after the unveiling, Tesla said it had over 325,000 reservations, more than triple the number of Model S sedans sold by the end of 2015. [ 10 ] [ 11 ] Musk said that 5% of reservations correspond to the maximum of two vehicles allowed per customer, "suggesting low levels of speculation", [ 51 ] and that 93% of Model 3 reservations are ...
Tesla stock gained nearly 9% on Monday, sending shares to their highest level since early 2022 and giving the company a market cap north of $1.1 trillion amid optimism that the electric vehicle ...