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Tesla is likely to decide on a breakthrough method of die casting multiple sections of its EVs to reduce cost and improve production. Tesla Inc (NASDAQ: TSLA) has reportedly figured out a technological breakthrough that will transform the process of making electric vehicles. Fine-tuning the process will help Tesla cut production costs considerably. Tesla stock closed 1.75% higher at $276.04 on the news. Five people familiar with the matter spoke with Reuters anonymously. According to these...

According to the company, it has plans to produce a total of 1.8 million vehicles with the total delivery expectations pegged around that figure. American multinational electric vehicle manufacturing company Tesla Inc (NASDAQ: TSLA) recorded a bearish close of its stock on Monday following the publication of its first quarter delivery numbers. The figures, unveiled over the week showed the company delivered a total of 422,875 electric vehicles in the quarter with a total production of...

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Tesla has been facing growing challenges in China due to strict COVID-19 rules as well as growing competition from local electric carmakers like BYD.The world’s largest electric carmaker Tesla Inc (NASDAQ: TSLA) has decided to cut the price of its cars in one of its most-competitive markets China. As per the latest development, Tesla has cut the price of its Model and Model Y vehicles.Tesla Cars PriceThe price of the Model 3 sedan in China has been reduced to 265,900 Chinese yuan ($36,615)...

The revenue miss did not impress investors as the company’s shares fell by 6.65% on Thursday to close at $207.28.The stock price of American multinational electric vehicle maker Tesla Inc (NASDAQ: TSLA) is on a downtrend as the company’s revenue for the third quarter missed estimates. Per the results published, Tesla’s Earnings Per Share (EPS) came in at $1.05, a figure better than the 99 cents that were projected by analysts.The company missed its revenue estimates as it reported $21.45...

Tesla (TSLA) caught an upgrade Monday morning that sent its stock up over 5%. Even though some analysts see opportunity in the stock, many questions remain about how the COVID-19 crisis will affect electric-vehicle demand.Tesla Inc (NASDAQ: TSLA) jumped on Monday more than 5% at the opening after Jefferies raised its grade to buy. One of the reasons for upgrade was definitely the fact that Tesla is a clear leader in the electric-vehicle sector. Jefferies analyst Philippe Houchois explained...

Tesla has begun to retrench its contract workers in the U.S. But not all news from Tesla can be viewed as negative. TSLA stock is in the green while stocks of many other companies are down.Even as Tesla Inc (NASDAQ: TSLA) stock continues to soar, the electric car manufacturer has begun retrenching contractors at its U.S. car and battery plants. Reportedly, the firm is cutting down the number of contractors from its workforce in its factory across many states alongside where they make battery...

Tesla reported much better Q1 deliveries than Wall Street could expect due to the risks associated with coronavirus. TSLA stock is up.Electric carmaker Tesla Inc (NASDAQ: TSLA) said on Thursday that they had the best first-quarter performance ever with 103,000 vehicles produced and 88,400 vehicles delivered. This number of deliveries revealed by Tesla was a surprise for many investors. The company also said that its Shanghai factory continued to achieve record levels of production, despite...

Tesla seems to be an all-weather stock. It could still remain a leading stock during this turbulent period for several reasons. Despite the recent fall, today TSLA is up.Tesla Inc (NASDAQ: TSLA) stock seems to be a great choice during downtrends. This is because the stock price turns out to do better under pressure. This particular characteristic has been monitored by both fans of the stock and foes alike. Tesla (TSLA) surged by about 23% last week. One thing to note though was that though...