Tesla stock

2024 - 7 - 25

Tesla Stock Takes a Dive: Is Elon Musk's EV Empire Losing Its Spark?

Automotive Revenue - Competition - Electric Vehicles - Elon Musk - Net Worth Loss - Profit Plunge - Stock Market - Tesla

Tesla's latest earnings report has investors screaming "Charge It!" as profits plummet. What's next for Elon Musk's electric dreams? Let's find out!

Elon Musk’s Tesla has recently found itself in a bit of a pickle, with its stock taking a nosedive amidst some not-so-glamorous earnings reports. This electric vehicle giant’s profit for the second quarter dropped more than 40% compared to the previous year, and shares fell around 12% right after the release. Investors are scrambling to reassess their sunny outlook on the company as competition in the increasingly crowded EV market heats up. Amidst a flurry of commentary from Wall Street analysts, it seems the aftermath of Tesla's earnings miss might signal a rough road ahead, not just for their bottom line, but for their ambitious growth plans as well.

The numbers are certainly eye-popping! A slump of 45% in profits and a 7% drop in automotive revenue which totaled $19.9 billion in the June quarter has investors raising their eyebrows. Analysts are rushing to revise their stock price targets downwards, with one suggesting that those who aren’t convinced Tesla will nail vehicle autonomy might want to reconsider holding onto their shares. And let’s not even get started on how this has impacted Musk’s net worth – he saw a staggering $16 billion dip as Tesla's stock value faltered. Talk about a rollercoaster ride!

But isn’t it ironic? While Tesla struggles under the weight of its earnings report, competition is stepping into the limelight. With traditional auto giants like Ford gearing up to show profitable results, it’s clear that the landscape is shifting. Musk's dream of making EVs the go-to choice for consumers faces a tougher challenge as more players enter the field and consumers consider their options. Can Musk pivot fast enough to keep Tesla at the forefront?

On a lighter note, did you know that a single Tesla Model 3 can save its owner about $4,000 in fuel costs over its lifespan compared to a gas vehicle? If only saving Tesla's stock were that easy! And just think: Elon Musk, the guy who can lose billions in a blink, is still the richest person on Earth – but let’s hope he can keep his EV dreams cruising in the fast lane!

Post cover — Image courtesy of "CNNMoney"

Tesla stock tumbles after its profit plunged (CNNMoney)

Telsa profit in the second quarter plunged more than 40% from a year ago, as the electric vehicle company has faced both more EV competition from ...

Tesla Stock Dives As Analysts Weigh In After Earnings Miss. EV ... (Investor's Business Daily)

Tesla stock got several price target cuts and a downgrade after the EV giant's earnings miss. Tesla is not a "Trump trade," an analyst noted.

Tesla shares fall 12% after earnings miss (CNBC)

Elon Musk's electric vehicle company reported that automotive revenue declined 7% year on year in the June quarter to $19.9 billion, while its adjusted earnings ...

Tesla stock is sinking because profits keep shrinking (Quartz)

The automaker's profit dropped 45% compared to a year earlier.

Stock Market Today: Dow Opens Lower; Tesla Stock Slides ... (The Wall Street Journal)

Tesla shares fell, after quarterly results from the electric-vehicle maker undershot expectations for earnings and free cash flow. The company's profit fell ...

Analysts race to reset Tesla stock price targets after earnings (TheStreet)

"Anyone who doesn't believe that Tesla will solve vehicle autonomy" should not hold the stock, said CEO Elon Musk.

Tesla stock falls 8% as growing competition squeezes profits at Elon ... (New York Post)

Shares of Tesla were down by more than 8% in pre-market trading after Elon Musk's electric car maker reported less-than-stellar earnings.

Tesla shares plummet after company reports falling profits (ABC News)

Shares of Tesla fell 12% in early trading on Wednesday after an earnings release showed slumping profits in the face of strengthened competition and sluggish ...

Tesla Stock Drops Most Since January. What Worries Wall Street Now. (Barron's)

Wall Street is looking for Ford Motor to report an operating profit of $3.7 billion and earnings per share of 68 cents from sales of $47.8 billion, ...

Elon Musk's Net Worth Falls $16 Billion As Tesla Stock Tanks (Forbes)

Musk remains the richest person on Earth even after losing the equivalent of the 113th-wealthiest person's entire fortune in one morning.

Tesla stock slides 10% after company reports mixed Q2 results, says 'affordable' EVs on track for 2025 debut (Yahoo Finance)

Tesla posted adjusted EPS of $0.52 vs. $0.60 expected, on $1.8 billion in non-GAAP net income. Tesla shares fell 10% in early trade on Wednesday. ADVERTISEMENT. Advertisement. "Plans for ...

Tesla stock tumbles over 11% on shrinking auto sales (Livemint)

At 11:32 am EDT, Tesla stock price was at $218.71, down $27.67, or 11.23 per cent.

Tesla stock: Focus on these 'real, meaty catalysts' says Canaccord (Investing.com Australia)

The big highlight of the report was the auto gross margin miss, which, along with lower-than-expected earnings per share (EPS), sent the EV giant's shares ...

Is Tesla's stock having an identity crisis? (MarketWatch)

Automotive financials are weighing on Tesla shares Wednesday, but Elon Musk — and many bulls — are focused on the future potential in autonomy and robotics.

Tesla Stock Is Hit By Its Latest Earnings. Bullish Analysts Aren't ... (Investopedia)

Tesla shares tumbled Wednesday, a day after the company reported disappointing earnings, with some analysts focusing on weak operating margins and others ...

Why Tesla Stock Just Crashed (Motley Fool)

Tesla (TSLA -10.73%) stock fell 11% through 11:45 a.m. ET Wednesday after the company badly missed analyst forecasts for earnings Tuesday night.

Tesla Earnings: Stock Dips on Disappointing Results; Restructuring ... (Barron's)

Earnings, profit margins, and free cash flow all missed Wall Street estimates. Tesla reported adjusted earnings per share of 52 cents. Wall Street was looking ...

Tesla's stock plummets as quarterly financials and competition ... (Finance News Network)

Elon Musk's 'other world' approach to corporate reporting caught up with him and Tesla on Wednesday, with the shares shedding 12% of their value and helping ...

Tesla's bleak margins sink shares as Musk hypes everything but cars (Reuters)

Tesla shares tumbled 12% on Wednesday, evaporating almost $100 billion in stock market value after CEO Elon Musk's talk of humanoid robots and driverless ...

Why Tesla stock just crashed (Motley Fool Australia)

Heading into the second-quarter report, Wall Street forecast the electric car leader would earn $0.62 per share on sales of $24.8 billion. Tesla exceeded the ...

Tesla's stock plummets as quarterly financials and competition ... (ShareCafe)

Elon Musk's 'other world' approach to corporate reporting caught up with him and Tesla on Wednesday, with the shares shedding 12% of their value and helping ...

Elon Musk's net worth plunges $16 billion as Tesla stock tanks (Forbes Australia)

Musk remains the richest person on Earth even after losing the equivalent of the 113th-wealthiest person's entire fortune in one morning.

Elon Musk loses $16 billion in a day as Telsa stock sinks (Quartz)

Musk remains the world's richest man, with an estimated net worth of $232 billion.

Tesla shares tank, wiping $168b from value in a day (Otago Daily Times)

Tesla shares have tumbled 12%, evaporating almost US$100 billion (NZ$168 billion) in stock market value after CEO Elon Musk's talk of humanoid robots and ...

Tesla stock

Tesla Stock Takes a Dive: Is Elon Musk's EV Empire Losing Its Spark?

Explore the last week