Tesla's stock dropped 6% on Thursday after the electric car maker's qu...
) stock dropped 6% on Thursday after the electric car maker’s quarterly deliveries underwhelmed investors already concerned about slowing revenue growth and ongoing losses.
Tesla has set a target to deliver 360,000 to 400,000 vehicles in 2019, which means it must deliver almost 105,000 vehicles in its final quarter to meet the low end of its full-year forecast. The Model 3 sedan was meant to propel Tesla to sustainable profitability, but that has yet to happen during the car’s two years on the market. While production problems initially hampered sales, some investors now worry about soft demand for the vehicle, as well as waning sales of its higher-end vehicles that are more profitable for Tesla.
Underscoring investors’ doubts about Tesla’s progress with autonomous-driving technology, a U.S. regulator said on Wednesday it was looking into parking lot crashes involving Tesla cars driving themselves to their owners using a recently launched Smart Summon feature.
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Tesla Posts Quarterly Delivery Record But Misses Musk’s Hoped-For 100,000 UnitsTesla delivered a record 97,000 electric sedans and crossovers to customers in Q3, doing a bit better than consensus expectations but falling short of what Elon Musk apparently hoped to achieve
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Tesla delivers fewer-than-expected cars in Q3, stock fallsTesla Inc. said late Wednesday it had delivered about 97,000 vehicles in the third quarter, including 79,600 Model 3 sedans. Analysts polled by FactSet had...
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U.S. auto safety agency notes Tesla accidents with 'Smart Summon' featureThe U.S. National Highway Traffic Safety Administration (NHTSA) said Wednesday i...
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BYD could get China’s Tesla back on the roadNio is sputtering. Making snazzy rides for the world's largest market is burning up cash, and the $1.4 bln electric-car maker is now contemplating more cuts just to keep up. That could tarnish a shiny brand. Pooling with a more experienced peer, like BYD, may be a better option.
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Tesla is buying computer vision start-up DeepScale in a quest to create truly driverless carsDeepScale's technology helps automakers use low-wattage processors, which are standard in most cars, to power very accurate computer vision. The deal could help Tesla deliver on its goal of one day selling driverless 'robotaxis.'
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