Tesla, Elon Musk and Horse Stocks
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Earnings are expected to be around $0.44 per share, according to consensus estimates, reflecting a 15% drop compared to the previous year, while revenues are anticipated
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Why Tesla (TSLA) Stock Is Down TodayWhat Happened? Shares of electric vehicle pioneer Tesla (NASDAQ:TSLA) fell 7.4% in the morning session after CEO Elon Musk announced over the weekend his intention to form a new political party, the "America Party.
Tesla’s premium valuation, long supported by high growth rates, disruptive technology, and Musk’s personal brand, is looking increasingly difficult to defend.
Tesla shares jumped Wednesday after the EV maker released its quarterly delivery numbers, rebounding from a steep decline the previous session sparked by the feud between CEO Elon Musk and President Trump.
Tesla’s stock tumbled more than 7% on Tuesday, erasing billions in market value from the electric car maker as the rift between CEO Elon Musk and President Donald Trump reignited. The stock closed down $16.95, or 5.3%, to $300.71 per share — a sharp drop from its previous close of $317.66. Shares are down almost 25% this year.
Unlike legacy automakers that sell through dealers, Tesla sells directly to consumers, either online or through its stores. As such, investors will already be aware of Tesla's sales and production volumes before the earnings release.
Latest Trump-Musk Battle Spurs $70 Billion Stock Decline for Tesla “I am saddened to watch Elon Musk go completely ‘off the rails,’ essentially becoming a TRAIN WRECK over the past five ...
Tesla released its delivery numbers for the second quarter on Wednesday, showing a decline of 60,000 vehicles compared to the same quarter in 2024.