For any other company’s stock, the combination of these results with Musk’s political priorities would spell doom. The closely watched metric of Tesla’s automotive gross margin, after stripping out sales of regulatory credits, slumped to 12.5%; the lowest, according to Morgan Stanley, in over a decade, when Tesla was still more of a startup. Adjusted…
Tesla share price today: Tesla shares rose nearly 5 per cent on Wednesday after reports of its billionaire CEO leaving his role at the US government. Tesla sales fell 13% in the first three months of the year, indicating that the company is failing to attract enough buyers. At 1 am IST, Tesla share price…
Tesla’s stock has dropped by nearly half in three months. Even so, investors are still debating whether Elon Musk’s electric-vehicle maker remains overpriced. The company’s market capitalisation has dropped 45% since hitting an all-time high of $1.5 trillion on December 17, erasing most of the gains the stock made after CEO Musk helped finance the…
