Investors should try to look past the immediate causes of volatility. There is some positivity on the horizon.
Stephen Morris Well, people were very pessimistic, seeing sales figures come in from around the world, in particular in China, Europe, and the US. And as such, it adjusted their forecast downwards, but these undershot even those and they were the worst quarter for EV deliveries since 2022.
An Indian court is due to hear a lawsuit filed by Elon Musk's social media company X, accusing Prime Minister Narendra Modi's government of misusing the law to censor content on its platform. Last month,
Stock shares in Tesla jumped Wednesday after reports suggesting Elon Musk could leave the White House and his Department of Government Efficiency role.
Even longtime bull couldn't sugar coat the EV maker's sales figures. "They were a disaster on every metric," wrote Wedbush Securities' Dan Ives.
Down 13% from Q1 2024, this was the worst annual quarterly growth for Tesla since at least 2017 (Tesla’s investor relations website only has quarterly delivery data dating back to 2016).
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Donald Trump launched a barrage of new tariffs on trading partners, and Tesla’s share price jumped on a report that chief executive Elon Musk could be leaving his US government role. Plus, the FT’s Ben Hall explains what’s next for Marie Le Pen now that France’s far-right leader has received a five-year ban from standing in elections.
Elon Musk's past 24 hours has shown troubling signs for his political and personal fortunes.