Goldman Sachs, Tesla
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Markets Insider |
The firm reduced its auto industry outlook and estimates, saying it will be hard for the auto industry to fully pass on tariff costs, especially with softening consumer demand more generally.
Electrek |
Tesla’s director of accounting controllership, Harsh Rungta, has left the automaker and joined eVTOL aircraft manufacturer Archer Aviation.
Bloomberg L.P. |
Volkswagen AG’s global deliveries rose in the first quarter as Europe’s biggest automaker benefited from surging demand for its electric vehicles.
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11hon MSN
"We believe the whole trajectory of earnings for TSLA remains too high and could face negative revisions post 1Q25 results," UBS analysts said.
Shares of Nvidia, Apple, and Tesla fall sharply Thursday after each stock soared double-digits Wednesday following President Donald Trump’s move to pause most reciprocal tariffs for 90 days. U.S. Steel,
However, senior research analyst Dan Ives at Wedbush Securities recently told Bloomberg that Tesla could be a $2 trillion company within 24 months. That forecast implies 160% upside from its current market value of $770 billion and a share price above $620.
The recent stock market downturn has affected share prices of Apple, Amazon, Google, Meta, Tesla, Uber, Goldman Sachs, and Oracle.
Down 13% from Q1 2024, this was the worst annual quarterly growth for Tesla since at least 2017 (Tesla’s investor relations website only has quarterly delivery data dating back to 2016).