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0 0 0 0.00164822227454675 0.00211914292441732 0.00494466682364024 -0.00211914292441715 0.00235460324935252
Stock impact report

Tesla Stock Is Down 60%. How Much Further Could It Tumble? [Yahoo! Finance]

General Motors Company (GM) 
Last general motors company earnings: 2/5 08:05 am Check Earnings Report
US:NYSE Investor Relations: gm.com/investors/index.html
Company Research Source: Yahoo! Finance
Demand for EVs is softening, so much so that traditional automakers are pulling back on their ambitious plans. In China, cheaper alternatives are eating Tesla's lunch. Tough times for Tesla Telsa's quarterly deliveries declined in the first quarter of 2024, the first time since the pandemic started. The company delivered 386,810 vehicles, down 20% from the fourth quarter of 2023 and 9% from the first quarter of 2023. Meanwhile, Tesla produced nearly 50,000 more vehicles than it delivered. Tesla has also recently taken some steps to boost revenue. The company now requires employees to demonstrate, upon delivery, the company's Full Self-Driving (Supervised) system, which does not make the car fully autonomous. This system is a pricey add-on not included by default with Tesla's vehicles. Tesla also recently slashed the monthly subscription price for Full Self-Driving (FSD) from $199 to $99, which is likely a sign that uptake is lower than the company would like. This price cut co Show less Read more
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