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Search resuls for: "Lora Kolodny Ari Levy"


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☆ Tesla's profit margin is getting hammered by EV discounts and hefty AI spending
  + stars: | 2024-07-23 | by ( Lora Kolodny Ari Levy | Lora Kolodny | In Lorakolodny | ) www.cnbc.com   time to read: +2 min
As Tesla CEO Elon Musk continues to make lofty promises about his company's future in autonomous driving and robotics, investors keep watching profit margins deteriorate. It's the fourth straight quarter of shrinkage. The company reported just $1.48 billion in net income on revenue of $25.5 billion, which included $890 million in regulatory credits. "Affordability remains top of mind for customers," said Vaibhav Taneja, Tesla's chief accounting officer, on the company's earnings call. Tesla began offering a five-year, zero interest loan offer to spur sales of its EVs in China in April.
Persons: Elon Musk, Tesla, Vaibhav Taneja Organizations: SpaceX, X Holdings Corp, Milken Institute's Global, Beverly Hilton Hotel, Nasdaq Locations: Beverly Hills , California, China, CnEVPost, Shanghai, Germany
☆ Elon Musk claims Optimus robots could make Tesla a $25 trillion company — more than half the value of the S&P 500 today
  + stars: | 2024-06-13 | by ( Lora Kolodny Ari Levy | Lora Kolodny | In Lorakolodny | ) www.cnbc.com   time to read: +2 min
Tesla CEO Elon Musk claimed on Thursday that his company's Optimus humanoid robots could eventually make the automaker worth more than half of that. As for shareholder value, Musk said Optimus could be the catalyst for lifting Tesla's market cap to $25 trillion someday. The company, he predicted, will have "over 1,000, or a few thousand, Optimus robots working at Tesla" in 2025. Getting to a $25 trillion market cap would mean that Tesla would be worth about eight times Apple's value today. He did say that autonomous vehicles could get the company to a market cap of $5 trillion to $7 trillion.
Persons: SeongJoon Cho, Elon Musk, Tesla, Optimus, Musk Organizations: Tesla Inc, Seoul Mobility, Bloomberg, Getty, Optimus, Star Wars, EV, world's, Microsoft Locations: Goyang, South Korea, Austin , Texas, Thursday's
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