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☆ Tesla can turn around its 'trainwreck' quarter if Elon Musk stops his distractions and takes back control, Wedbush's Dan Ives says
  + stars: | 2024-04-04 | by ( Jennifer Sor | ) www.businessinsider.com   time to read: +3 min
Elon Musk could turn around Tesla's 'trainwreck into a brick wall," Wedbush's Dan Ives said. But better days ahead will hinge on Musk reining in his distractions and retaking control, Ives said. AdvertisementTesla may be able to turn things around after seeing a "nightmare" first quarter, according to Wedbush's Dan Ives. That's made the first quarter an "unmitigated disaster" for Tesla, Ives said in a recent note, also describing the last quarter as a "black eye" and a "trainwreck into a brick wall" for Tesla. In terms of 1Q, this was just a massively soft quarter," Ives said to BNN Bloomberg on Wednesday.
Persons: Elon, Wedbush's Dan Ives, Tesla, Ives, —, That's, We've, BNN, It's, Elon Musk's, Musk, Wedbush, Wells Organizations: Service, Tesla, BNN Bloomberg, Elon, JPMorgan Locations: China, Texas, Delaware, Wells Fargo
☆ Teslas are the only EVs taking off in America: Mazda CEO
  + stars: | 2023-11-27 | by ( Tom Carter | ) www.businessinsider.com   time to read: +3 min
Masahiro Moro told Fortune that EVs other than Tesla are "not taking off" in the US. EVs face a reckoning amid slowing demand with auto companies cutting spending and reducing targets. AdvertisementMazda's CEO has said that Tesla is the only company seeing real success in a fragile EV landscape, with other electric cars "not taking off." Other EVs are not taking off, inventory is piling up," he said. It recently killed off its only EV sold in the US, the Mazda MX-30, after reportedly selling just 66 of them this year .
Persons: Masahiro Moro, Fortune, Elon Musk's, —, Tesla, Elon, Ford, Moro Organizations: Service, US, Ford, General Motors, Mazda, EV, Atlas Public
☆ Tesla's new, cheaper Model Y is one of the best deals you can get on an EV right now
  + stars: | 2023-10-04 | by ( Tim Levin | ) www.businessinsider.com   time to read: +3 min
Tesla launched a new, cheaper version of its popular Model Y SUV. The rear-wheel-drive Model Y costs $43,990. Elon Musk's carmaker quietly launched a new base model of its popular Model Y SUV — and it's instantly one of the best deals on the US electric-vehicle market. A new rear-wheel-drive Model Y appeared on Tesla's website on Monday with a price of $43,990. The next cheapest Model Y costs $50,490.
Persons: Tesla, —, Elon Musk's carmaker, it's, Kelley, Bolt, Kia Niro, Kia haven't Organizations: Service, Chevrolet Bolt, Nissan, RWD, Kia, Hyundai Kona EV, VW, Hyundai
☆ Tesla's value plunged nearly $200 billion since mid-July – and Elon Musk's EV maker faces a bumpy road ahead
  + stars: | 2023-08-23 | by ( Zahra Tayeb | ) www.businessinsider.com   time to read: +2 min
Tesla's value has fallen nearly $200 billion in just over a month. That's dragged Tesla's market cap down almost $200 billion to about $730 billion as of Tuesday's close, per Google Finance. A mix of inflation, higher interest rates, and recession fears have driven Tesla's decline. Higher interest rates tend to be bad news for high-growth stocks, including Tesla, because it eats away at company profitably through expensive borrowing costs. Investors also get deterred from piling into equities as rising interest rates tend to push up returns on bond investments, making them a safer investment compared to stocks.
Persons: Elon Musk's, That's, Jerome Powell's, Tesla, Gordon Johnson, Cathie Wood, Johnson, she'd Organizations: Elon Musk's carmaker, Service, Elon Musk's, Google Finance, Federal Reserve, Investors, CNBC Locations: Wall, Silicon
☆ Tesla's 'Master of Coin' bids the EV-maker farewell after racking up a $590 million fortune
  + stars: | 2023-08-09 | by ( Zahra Tayeb | ) www.businessinsider.com   time to read: +2 min
A Tesla exec's departure will see him leave with a $590 million fortune, according to Bloomberg. Despite owning less than 1% of Tesla's common stock, Kirkhorn has still gone home with deep pockets, according to the company's latest proxy filing. In 2022 alone, Kirkhorn earned about $16.3 million in stock awards, while being awarded almost $1.3 million in options. The company's stock has surged more than 100% year-to-date, boosting its market cap to roughly $800 billion, per Markets Insider data. Vaibhav Taneja, Tesla's chief accounting officer will step in Kirkhorn's role following his exit.
Persons: Zachary Kirkhorn, Elon Musk's carmaker, Kirkhorn, Tesla, Musk, Kirkhorn's, Vaibhav Organizations: Bloomberg, Tesla, Service, Elon Musk's, GM, Ford Locations: Wall, Silicon, Elon
☆ Why you should still consider a Tesla despite all the new competition, according to one of YouTube's most popular car reviewers
  + stars: | 2023-07-27 | by ( Tim Levin | ) www.businessinsider.com   time to read: +4 min
The Tesla Model 3 and Y are some of his top picks, even though tons of new rivals have hit the map. Despite intensifying competition from big-name brands, Elon Musk's carmaker still makes some of the best electric vehicles out there, according to one of the internet's biggest car reviewers. Doug DeMuro, whose YouTube channel has racked up 4.7 million subscribers, told Insider that Tesla's Model 3 and Model Y are some of his go-to recommendations for EV-curious car buyers. The Model 3 sedan offers up to 333 miles of range, per the EPA, while the Model Y SUV provides up to 330 miles. It's $40,240 for the Model Y.
Persons: Doug DeMuro chatted, Tesla, Elon Musk's carmaker, Doug DeMuro, DeMuro, They're, Kelley, Kia EV6 Organizations: Tesla, Morning, Elon, EV, Hyundai, Ford
☆ Tesla just gave us our best look at the Cybertruck's production line
  + stars: | 2023-07-19 | by ( Tim Levin | ) www.businessinsider.com   time to read: +1 min
Want to see how and where the Tesla Cybertruck is made? In Tesla's earnings report on Wednesday, it showed off some photos of the truck's production line. For years, we the public barely knew what was going on with Tesla's Cybertruck. And on Wednesday, Elon Musk's carmaker reported second-quarter earnings and showed off some photos of the futuristic truck's production line. Tesla said on Wednesday that Cybertruck production was in the "tooling" phase, meaning the company is still outfitting the production line with manufacturing equipment.
Persons: Tesla, Tesla's, Elon Musk's carmaker, Musk Organizations: Morning Locations: Texas
☆ Tesla vs. Lucid: What to know about each company's electric vehicles before you buy
  + stars: | 2023-07-18 | by ( Tim Levin | ) www.businessinsider.com   time to read: +4 min
A front view of the Lucid Air Grand Touring Performance. The Tesla Model S. TeslaOver the years, Tesla has developed a lineup of cars with a price range spanning from reasonably attainable (think the $40,000 Model 3 sedan) to downright expensive (like the six-figure Model S Plaid). The $180,000 Air Grand Touring Performance that I tested recently was one of the most impressive vehicles I've ever driven. The Lucid Air Grand Touring Performance costs $180,00. An aerial view of the Lucid Air Grand Touring Performance.
Persons: Elon Musk's, Tim Levin, Tesla, Peter Rawlinson, Lucid Organizations: Morning, Lucid Motors, Elon Musk's carmaker, Motors, Air, Tesla Locations: California, Arizona
☆ Tesla is offering cash rebates to buyers in China despite promising to end 'abnormal pricing' in the world's biggest EV market
  + stars: | 2023-07-07 | by ( Ryan Hogg | ) www.businessinsider.com   time to read: +2 min
Tesla is offering rebates worth nearly $500 to Chinese buyers of a Model 3 or Y, Reuters reported. The move comes just a day after Elon Musk's carmaker pledged to help end price wars in China. Just a day after Tesla pledged to end a lengthy price war in China, Elon Musk's EV maker hatched a new plan to sell more cars. Tesla began cutting prices of its Model Y and Model 3 in China in October last year amid an economic downturn hit sales. According to data from the China Passenger Car Association, Tesla delivered a record 93,000 vehicles in China in the three months to June 30.
Persons: Tesla, Elon Musk's carmaker Organizations: Reuters, Morning, Elon Musk's, EV, Bloomberg, China Passenger Car Association Locations: China
☆ Ark's Cathie Wood once again hypes Tesla – expecting her darling stock to hit $2,000 in five years thanks to a robotaxi boom
  + stars: | 2023-04-21 | by ( Zahra Tayeb | ) www.businessinsider.com   time to read: +2 min
Famed money manager Cathie Wood has made an eye-popping prediction about Tesla, once again. The Ark Invest CEO said the electric vehicle-maker's stock could hit $2,000 by 2027 on a robotaxi boom, per CNBC. Under her bear-case scenario, Wood sees Tesla stock hitting $1,400, while her bull case sees the automaker surging to $2,500. Each one of them now presents the potential for robotaxi and robotaxi fleet," Wood said. In February, the money manager also made a monster forecast for bitcoin, predicting the world's largest cryptocurrency could hit $1.5 million by 2030.
☆ Kia's new electric SUV is the stylish, super-quick competitor of Elon Musk's nightmares — but it has one big downside
  + stars: | 2023-02-16 | by ( Tim Levin | ) www.businessinsider.com   time to read: +4 min
The 2023 EV6 GT Kia lent me came out to roughly $63,000, including a destination fee. The 2023 Kia EV6 GT. The 2023 Kia EV6 GT. The 2023 Kia EV6 GT. Our impressionsThe 2023 Kia EV6 GT is a unique, adrenaline-inducing ball of energy that makes you feel outrageously cool while behind the wheel.
☆ Chinese Tesla rival Xpeng launches flagship EVs in Europe in international push
  + stars: | 2023-02-03 | by ( Arjun Kharpal | ) www.cnbc.com   time to read: +2 min
The Chinese electric car start-up launched its P7 sedan and G9 SUV in Denmark, Norway, the Netherlands and Sweden. Xpeng , a Chinese electric vehicle startup, on Friday launched two of its flagship cars across a number of European countries, as it continues its aggressive international push. Tesla's Model 3 Long Range, which claims 602 kilometers on a single charge, costs 52,990 in the Netherlands. Nio , a Chinese rival to Xpeng, began delivering some cars to Norway at the end of 2021. Xpeng has accelerated its international push in the past year after opening physical stores in Europe last year and launching its mass-market P5 sedan.
☆ Tesla's bitcoin holdings fell nearly $1.8 billion in value last year, as Elon Musk called crypto a 'sideshow'
  + stars: | 2023-02-02 | by ( Ryan Hogg | ) www.businessinsider.com   time to read: +3 min
The value of Tesla's bitcoin holdings fell nearly $1.8 billion last year, a company filing showed. CEO Elon Musk distanced himself from crypto last year, calling it a "sideshow to the sideshow." But 2022 saw a bloodbath for the vast majority of crypto assets, after a bull rally through most of 2021 where prices peaked. "We're neither here nor there on cryptocurrency," Musk told investors. The value of bitcoin has risen more than 40% through 2023 in a sign of returning bullishness for riskier assets after a dour 2022.
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