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Stockreport

The EV Bust in Europe Is a Red Flag for Region's Climate Goals [BNN Bloomberg (Canada)]

Tesla, Inc. (TSLA)  More Company Research Source: BNN Bloomberg
Last tesla, inc. earnings: 4/29 04:11 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.tesla.com
The glut is clogging up ports and factories are cutting production — a red flag for the region's climate goals and risk of job cuts after Tesla Inc.'s mass layoffs this week. Without subsidies, the cost of EV ownership no longer makes sense for many drivers. Insurance and repairs are more expensive than for combustion-engine cars, and many would-be customers still bristle at limited charging infrastructure. At the same time, rapid technological advances and Tesla's price war are causing resale values to plummet, putting ownership further out of reach. “We are losing momentum,” said Mattias Bergman, chief executive officer of auto industry group Mobility Sweden, where sales slumped by nearly a fifth during the first quarter. “The market is no longer growing, and the share of electric cars in the market is actually decreasing.” For the industry, it's too late to turn back the dial. Volkswagen, Mercedes-Benz, Stellantis and other carmakers have invested billions and are now grappl [Read more]

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The EV Bust in Europe Is a Red Flag for Region's Climate Goals [BNN Bloomberg (Canada)]

Tesla, Inc.  (TSLA) 
Last tesla, inc. earnings: 4/29 04:11 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.tesla.com
The glut is clogging up ports and factories are cutting production — a red flag for the region's climate goals and risk of job cuts after Tesla Inc.'s mass layoffs this week. Without subsidies, the cost of EV ownership no longer makes sense for many drivers. Insurance and repairs are more expensive than for combustion-engine cars, and many would-be customers still bristle at limited charging infrastructure. At the same time, rapid technological advances and Tesla's price war are causing resale values to plummet, putting ownership further out of reach. “We are losing momentum,” said Mattias Bergman, chief executive officer of auto industry group Mobility Sweden, where sales slumped by nearly a fifth during the first quarter. “The market is no longer growing, and the share of electric cars in the market is actually decreasing.” For the industry, it's too late to turn back the dial. Volkswagen, Mercedes-Benz, Stellantis and other carmakers have invested billions and are now grappl [Read more]

IMPACT SNAPSHOT
EVENT TIME:
TSLA
Last Price
Price Change
Price Change %
Volume Shares
Max Up
Max Down
Volume Ratio
%
Don't Miss Out On The Next BIG Stock Move
Performance comparison Updated
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
LAST PRICE AT
NEWS EVENT
SINCE EVENT
Multi-day stock performance from the time of the news release
LAST PRICE
VWAP
High:
MAX UP
High:
Low:
MAX DOWN
Low:
%
POST NEWS RANGE
%
PRICE CHANGE

PRICE CHANGE PERCENTAGE


S&P 500 (SPX)

%

VOLUME RATIO
%

VOLUME (SHARES)
TICKS

AVG SHARES PER TRADE

EVENT DAY
Event Day Chart will not be displayed beyond 90-day period of the event
PERFORMANCE SINCE EVENT
TIME AND VELOCITY ANALYSIS