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Tesla Stock Falls After EV Maker Reports 16% Profit Drop
Elon Musk's electric-vehicle maker reported a 12% drop in quarterly revenue, and a steeper decline in net income. + Musk highlighted plans to release a lower-priced Model Y electric vehicle, spoke about his hopes for a new pay package and talked up plans to roll out Tesla robotaxis more widely.
Archer has two strengths that Lucid lacks: an early mover's advantage in a nascent market, and a lot of pent-up demand for ...
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EV Stock Faceoff: Is NIO's Mass Appeal Outshining LCID's Luxury Lane?China-based NIO Inc. NIO and California-based Lucid Motors LCID are chasing the electric vehicle (EV) opportunity with ...
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Tesla shares tumbled in extended trading Wednesday after the EV maker's quarterly results fell short of Wall Street’s ...
Additionally, the federal government had previously set aside $5 billion to help build out EV charging infrastructure in the ...
Chinese electric vehicle (EV) maker NIO (NYSE:NIO) surged nearly 11% after unveiling its Onvo L90, a three-row electric SUV ...
Tesla reported weaker-than-expected second-quarter results, missing both top and bottom line estimates, as automotive revenue dropped 16% year-on-year to $16.7 billion.
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Zacks Investment Research on MSN2d
5 Value Stocks With Exciting EV-to-EBITDA Ratios to Snap Up NowThe price-to-earnings (P/E) ratio is broadly considered the yardstick for evaluating the fair market value of a stock. It is preferred by many investors while handpicking stocks trading at attractive ...
Tesla’s prolonged sales downturn is set to come under further scrutiny when the EV maker reports its Q2 earnings on Wednesday.
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