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The automaker began selling a revamped version of its bestselling Model Y earlier this year but has not launched a new vehicle since the Cybertruck in 2023.
From Insider
Adam Jonas from Morgan Stanley maintained a Buy rating on Tesla ( TSLA – Research Report ), with a price target of $410.00.
From Business Insider
Mr. Musk’s involvement in right-wing politics contributed to a 13% drop in deliveries in the first quarter, including steep declines in E.V.-friendly places like Norway.
From The New York Times
Read more on News Digest
BYD is taking advantage of Tesla's rough year as the two rivals compete to become the world's largest EV maker.
Tesla investors are bracing for a drop in Q1 vehicle deliveries as a backlash against CEO Elon Musk's politics exacerbates weakening demand.
Lucid Group, Inc (LCID) announced pricing of $1 billion convertible notes due 2030, granting option for additional $0.1 billion. Interest of 5%, convertible at $3 per share, with 25% premium. Proceeds to fund repurchases and capped call transactions.
Annual revenue, profit, stock prices and sold EVs show how close the competition is between Tesla and its Chinese rival BYD.
BYD, Elon Musk's Chinese archrival, posted a 60% sales surge in the first three months of the year, in stark contrast to Tesla's decline.
Tesla sales fell in another sign that Elon Musk’s once high-flying electric car company is struggling to attract buyers.
Shares of Tesla fell more than 2% on Wednesday as the company recorded a bigger-than-expected drop in sales in the January-March period.
Tesla (TSLA) electric vehicle rival XPeng (XPEV), released its March delivery numbers. The Chinese EV maker delivered 33,205 vehicles in March,