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TSLA Jul 2024 205.000 call
- Yahoo Finance Video
Elon Musk ordered Nvidia to prioritize chips for X, xAI: CNBC
Tesla (TSLA) CEO Elon Musk reportedly ordered Nvidia (NVDA) to ship out and divert AI chips originally meant for Tesla to X and Musk's xAI startup, according to emails obtained by CNBC. The Morning Brief team reports on this. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Luke Carberry Mogan.
- Reuters
These early Tesla bulls are giving up on the stock
Some of Tesla's institutional shareholders are getting out, convinced that the electric carmaker's days of dizzying growth are in the rear-view mirror. The company's shares are down nearly 30% this year and have fallen by more than 50% since their 2021 high, wiping out some $600 billion in market value as CEO Elon Musk has struggled with fierce competition and falling sales. Tesla's first-quarter results missed analyst expectations, though Musk said the company would release new models in 2025 that would be more affordable.
- Reuters
Tesla to stop production at German plant for five days in June
Electic vehicle maker Tesla will stop production at its German plant in Gruenheide for five days in June to improve processes in the factory outside Berlin, a spokesperson said on Tuesday. Confirming a report by business daily Handelsblatt, the spokesperson said Tesla would pause production in the vehicle production and powertrain areas on June 7, 14, 17, 27 and 28. Tesla has already paused production at the site twice this year.
