21 h. ago Tesla vehicle deliveries drop sharply as Musk backlash affects demand

Tesla said it delivered 384,122 vehicles in the second quarter, down 13.5% from 443,956 units a year agoTesla posted another big drop in quarterly deliveries on Wednesday, putting it on course for its second straight annual sales decline as demand falters due to backlash over CEO Elon Musk’s political stance and an aging vehicle lineup.Tesla said it delivered 384,122 vehicles in the second quarter, down 13.5% from 443,956 units a year ago. Analysts had expected it to report deliveries of about 394,378 vehicles, according to an average of 23 estimates from financial research firm Visible Alpha, though projections went to as low as 360,080 units based on estimates from 10 analysts over the past month. Analysts use the number of vehicles delivered to customers as a metric of success to evaluate both automotive sales and production. Continue reading...

Politics

32 h. ago Asian shares are mixed, tracking Wall Street split as momentum slows and Tesla drops

Asian shares are trading mixed after Wall Street’s momentum slowed from its record highs, as Tesla and other technology shares declined

Politics

44 h. ago Tesla stock drops as Trump and Musk reignite their feud and president suggests deporting tech mogul

Trump says ‘monster’ DOGE ‘might have to go back and eat Elon’

Politics

48 h. ago One country where Tesla deliveries have risen as sales drop elsewhere

The EV-maker has continued to face challenges as competitors gain market share and CEO Elon Musk's popularity declines

Politics

7 d. ago The Elon Musk effect continues as Europe’s Tesla sales drop for fifth month in a row

Tesla's stock price fell by more than 4 per cent in early afternoon trading

Politics

7 d. ago Asian shares are mixed as markets take a breather after recent volatility

Shares are mixed in Asia after U.S. stocks hung near their all-time high as financial markets caught their breath following recent bouts of volatility

Politics

7 d. ago Business news live: Tesla sales fall in Europe, FTSE 100 drops and Bumble to lay off hundreds of jobs

Stock markets latest updates and business news on Tuesday

Society

1 week ago Asian shares are mixed and oil gains as world waits to see if US will join Israel's war against Iran

Crude oil prices have climbed and Asian shares are trading mixed as markets await more clarity on whether or not the U.S. will join Israel’s war against Iran

Politics

2 w. ago Asian shares are mixed and oil prices rise as escalating Iran

Asian shares are mixed and oil prices have advanced after the escalation of conflict in the Middle East hit Wall Street

Politics

3 w. ago Musk drops 'really big bomb' on X claiming Trump is in top secret Epstein files

The bitter breakup of the Elon Musk-Donald Trump bromance has resulted in the Tesla owner dropping a 'big bomb' in accusing the US President of being included in the top secret Jeffrey Epstein files

Politics

4 w. ago Tesla sales slump sees China's BYD overtake Elon Musk's electric car firm in Britain

Tesla registrations in the UK dropped 36% to 2,016 in May, compared to 3,152 a year ago, according to new figures

Economics

4 w. ago Eurozone interest rate cut expected; Tesla’s UK sales drop by a third – business live

Rolling coverage of the latest economic and financial newsThe UK car market has returned to growth, new data shows, but sales of Teslas have fallen by a third.Overall car registrations rose by 1.6% in May, to 150,070 units, according to the Society of Motor Manufacturers and Traders (SMMT). That’s the strongest May for new car sales since 2021, but 18% below pre-Covid levels. Continue reading...

Economics

4 w. ago Asian shares trade mixed after Wall Street’s rally stalls on U.S. economic data

Asian shares are trading mixed, as Wall Street’s big recent rally lost some momentum following a pair of potentially discouraging reports on the American economy

Economics