Tesla has made billions off electric cars its rivals aren't selling, but President Donald Trump's anti-EV policies put that revenue stream at risk.
Tesla Inc. shares have nearly doubled in value since the last time the company reported earnings— a set-up that usually spells high expectations for upcoming results. But its car-selling business has become a sideshow to Elon Musk’s political prominence.
While Tesla focuses on its robotaxi launch, Rivian is looking to take hands off the wheel and eyes off the road while enabling drivers to chat with the car.
Tesla’s fourth-quarter net income fell 71% from a year ago when results were boosted by a one-time tax benefit. The latest results fell short of Wall Street forecasts.
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How Tesla Became A $1 Trillion EV Giant
Douglas McIntyre discusses Tesla’s remarkable growth from a struggling startup to a $1 trillion company. He highlights the company’s recent earnings, which put it on track for $100 billion in annual revenue,
The vehicle maker's shares have nearly doubled in value since the last time it reported earnings. But its car-selling business has become a sideshow to Elon Musk’s political prominence.
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Cheap EV Key to Tesla Rally
Investors did not punish Tesla for its mediocre earnings report, due to news of AI, robotaxis, and “more affordable” models to come.
Kia’s electric vehicles will get Tesla Supercharger access “sometime in March 2025,” the company announced in a statement. Kia EVs, including the EV6 and EV9, were scheduled to get Supercharger access in January using NACS to CCS1 adapters, but that has been delayed.
EV owners of GM vehicles like the Chevrolet Silverado EV and Cadillac Lyriq will now officially have access to Tesla’s Superchargers.
[UPDATE] Tesla and General Motors stand to bear the brunt of the elimination of the federal EV tax credit.