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This Is Huge News for Tesla Stock Investors [Yahoo! Finance]
Last tesla, inc. earnings: 4/29 04:11 pm
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US:NASDAQ Investor Relations: ir.tesla.com
To be blunt, 2024 hasn't been kind to Tesla shareholders. While most of the company's "Magnificent Seven" peers have generated nice share price gains so far this year, Tesla shares are down about 23% as of this writing. Nevertheless, after showing some signs of maturity and providing investors with thorough updates during the first-quarter earnings call last week, shares in Tesla rebounded slightly. Over the weekend, news broke that Musk flew to China to meet with government officials -- namely, Premier Li Qiang. Since the meeting on April 28, Tesla stock extended its post-earnings rebound by rocketing 14%. Let's break down why this meeting was so important for Tesla, and what it could mean for investors in the long run. Musk's focus on self-driving cars is clear The last year has been brutal for Tesla. Unusually high inflation and rising interest rates weighed heavily on the economy and caused consumers to scale back spending. Considering Tesla's electric vehicles (EV) are
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- Tesla vs. Ford Stock: Which Is a Better Investment? [Yahoo! Finance][Yahoo! Finance]
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- Ford asks suppliers to cut costs in push to turn EV business profitable, memo says [Yahoo! Finance][Yahoo! Finance]
- Many US consumers staying away from EVs due to lack of charging availability: report [FOX Business Network][FOX Business Network]
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