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Elon Musk sells Tesla shares worth $4 billion, pledges no more sales

Elon Musk sells Tesla shares worth $4 billion, pledges no more sales : Rashtra News #Elon #Musk #sells #Tesla #shares #worth #billion #pledges #sales Elon Musk has sold 4.4 million shares of Tesla stock worth roughly $4 billion, most likely to help fund his purchase of Twitter. Musk reported the sale in a filing with

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Elon Musk's Tesla seeks tariff concession to enter Indian market but Minister says, 'We do not tailor policy for any…'

Piyush Goyal, Commerce Minister stressed on formulating laws and tariffs to attract global EV manufacturers and rejected special treatment to any specific company including, Tesla

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tesla stock update: Tesla set to erase $50 billion in valuation after Musk's sales warning

Tesla tumbled nearly 9% on Thursday. Musk said growth would be "notably lower" as Tesla focuses on a cheaper, next-generation electric vehicle to be made at its Texas factory in the second half of 2025, which is expected to spark the next boom in deliveries.

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Tesla Q4 earnings: Tesla Q4 Results: Earnings fall short of analyst estimates as company warns of lower sales growth this year

But excluding one-time items such as the $5.9 billion noncash tax benefit for deferred tax assets, the company made $2.49 billion, or 71 cents per share. That was down 39% from a year ago and short of analyst estimates of 73 cents per share according to FactSet.

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Tesla to revamp Model Y SUV from China plant, mass production likely to start in mid-2024

Tesla Inc. is preparing to roll out a revamped version of its smash hit Model Y from its Shanghai plant, according to people familiar with the matter, as domestic rivals accelerate product launches amid heated competition.

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Aswath Damodaran: Tesla shares overvalued but 2 bad days away from becoming a buy: Aswath Damodaran

"At $200 a share, Tesla looks overvalued, based upon my story, but it is two bad market days from becoming a buy. I have a limit buy at $180, with the recognition that it may never get there and that I have no margin of safety," Damodaran tweeted.

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tesla share price drop: Tesla tanks around 9%; CEO Musk's demand warning sparks selloff in EV stocks

Rivals including Rivian Automotive, Lucid Group and Fisker fell between 3.3% and 4.5%, while legacy automakers such as Ford were down around 0.6%. The comments marked a change in tone from Tesla CEO Musk, who had said last year that his company was "recession-resilient". The EV maker missed revenue estimates on Wednesday by the most in more than three years despite hefty price cuts.

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Tesla news: Elon Musk-led Tesla's rivals scrap for thin slices of US EV sales

Ford's decision to halt a planned $3.5 billion battery plant in Michigan highlights the challenge faced by Tesla's competitors in the US market. Most automakers are launching new electric vehicles (EVs) and investing in EV and battery plants, but few are selling at high enough volumes to justify a full-scale assembly plant.

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Tesla news: Gigacasting 2.0: Tesla reinvents carmaking with quiet breakthrough

Tesla is on the verge of a technological breakthrough that could revolutionize electric vehicle manufacturing and help lower production costs. The company has pioneered the use of giant presses to mold vehicle structures, and is now working on a method to die cast almost the entire underbody of an EV in one piece, reducing the number of parts needed.

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tesla stock target: Tesla got an $80 billion boost from analyst call. Not everyone buys it

Meanwhile, Tesla is still working on developing a software that will make its cars truly self-driving, though experts and analysts see a broad adoption of fully autonomous cars as still years, if not decades, away. Jonas had lowered his estimate for Tesla Mobility, the carmakers ride sharing/robo-taxi business, by about 82% by mid-2019.

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