Tesla Revenue

Elon Musk on Wednesday said it is time to "reorganise" Tesla as the electric car company registered $1.1 billion in net income and $21 billion in revenue, down 9 per cent from $23.3 billion from the year-ago period.

With Tesla CEO Elon Musk confirming his first-ever India visit to meet PM Modi later this month and announce key investments in the electric vehicle space, industry experts said the country could grow into a considerable market for him.

Tesla reported a jump in second-quarter profits Wednesday as a series of price cuts translated into sharply higher car sales. The EV manufacturer reported profits of $2.7 billion (roughly Rs. 22,156 crore), up 20 percent on the year-ago level. Revenues surged 47 percent to $24.9 billion (roughly Rs. 2,04,334 crore).

Elon Musk said on Wednesday that the misunderstanding over the possibility of Twitter being removed from the App Store was resolved after he met with Apple CEO Tim Cook. The CEO of Tesla and Twitter said that Cook informed him that Apple never considered doing so. Musk had accused Apple of threatening to block Twitter from the App Store on Monday, ...

SpaceX has bought an advertising package on Twitter for its satellite internet service Starlink, said Elon Musk, who owns the rocket company and the social media platform that is seeing an exodus of advertisers. Companies including General Motors, General Mills, Mondelez International and Volkswagen AG paused advertising on the platform after Musk ...

Tesla is said to have planned to start mass production of its much-awaited Tesla Cybertruck by the end of 2023. A gradual ramp in the second half of 2024 to full output for the sharp-angled electric truck would mean that Tesla would not be recording revenue until early 2024 for a full-quarter of production on the highly-anticipated pickup truck, wh...

General Motors said late on Friday it had temporarily halted paid advertising on Twitter after Elon Musk completed his takeover of the social media company. The largest US automaker said it was "engaging with Twitter to understand the direction of the platform under their new ownership."

Twitter research suggests that the microblogging service is struggling to keep its most active users - who are vital to the business - engaged. Internal documents, seen by Reuters, underscore a challenge faced by Tesla CEO Elon Musk, who is expected to close his Twitter takeover deal by Friday. The documents suggest that cryptocurrency and "not saf...

Elon Musk’s EV company Tesla has retained its Bitcoin holdings in the third quarter of 2022. In terms of Bitcoin, the EV company is projected to hold around 9,720 Bitcoin units at present. For the third quarter, Tesla said it has clocked $3.3 billion (roughly Rs. 27,306 crore) attaining revenues of $21.45 billion (roughly Rs. 1,77,493 crore).

Tesla said on Wednesday that it expected to miss vehicle delivery targets for 2022, while displaying worries of reduced demand. The company's Q3 revenue missed Wall Street estimates, but Tesla CEO Elon Musk told analysts that there was excellent demand for the fourth quarter, while addressing concerns from investors over the weak global economy and...

Tesla is set to unveil its Tesla Bot or Optimus humanoid robot, on the company's upcoming AI Day that is celebrated on September 30. The robots will be eventually be deployed in the company's factories, while CEO Elon Musk hopes they can later be used in homes for various purposes including making dinner, mowing the lawn and caring for the elderly ...

Elon Musk has filed a confidential countersuit against Twitter over $44 billion (nearly Rs. 3.5 lakh crore) deal. The suit was filed after Delaware Court announced the dates for five-day trail scheduled for October in Musk vs Twitter legal battle. Musk, CEO of Tesla, abandoned the deal on July 8 citing incomplete information about bots as the reaso...

Twitter blamed its ongoing battle to close its $44-billion acquisition by Elon Musk and a weakening digital advertising market for a surprise fall in quarterly revenue and a net loss.

Tesla exceeded Wall Street expectations from April through June with a better-than-expected $2.26 billion (roughly Rs. XXX crore) net profit for the quarter. The Texas-based company's second-quarter profit fell 32 percent from record levels in the first quarter. Experts note that the decrease in automobile revenues from the first quarter was offset...

Tesla is expected to report a hit in earnings on Wednesday, after the strain of the ongoing coronavirus pandemic that led to lockdowns in China and protracted startups of new EV factories. The company has already begun laying off employees amid a fall in market value and rising competition from other electric vehicle manufacturers, and analysts say...

Elon Musk on Wednesday said it is time to "reorganise" Tesla as the electric car company registered $1.1 billion in net income and $21 billion in revenue, down 9 per cent from $23.3 billion from the year-ago period.

With Tesla CEO Elon Musk confirming his first-ever India visit to meet PM Modi later this month and announce key investments in the electric vehicle space, industry experts said the country could grow into a considerable market for him.

Tesla reported a jump in second-quarter profits Wednesday as a series of price cuts translated into sharply higher car sales. The EV manufacturer reported profits of $2.7 billion (roughly Rs. 22,156 crore), up 20 percent on the year-ago level. Revenues surged 47 percent to $24.9 billion (roughly Rs. 2,04,334 crore).

Elon Musk said on Wednesday that the misunderstanding over the possibility of Twitter being removed from the App Store was resolved after he met with Apple CEO Tim Cook. The CEO of Tesla and Twitter said that Cook informed him that Apple never considered doing so. Musk had accused Apple of threatening to block Twitter from the App Store on Monday, ...

SpaceX has bought an advertising package on Twitter for its satellite internet service Starlink, said Elon Musk, who owns the rocket company and the social media platform that is seeing an exodus of advertisers. Companies including General Motors, General Mills, Mondelez International and Volkswagen AG paused advertising on the platform after Musk ...

Tesla is said to have planned to start mass production of its much-awaited Tesla Cybertruck by the end of 2023. A gradual ramp in the second half of 2024 to full output for the sharp-angled electric truck would mean that Tesla would not be recording revenue until early 2024 for a full-quarter of production on the highly-anticipated pickup truck, wh...

General Motors said late on Friday it had temporarily halted paid advertising on Twitter after Elon Musk completed his takeover of the social media company. The largest US automaker said it was "engaging with Twitter to understand the direction of the platform under their new ownership."

Twitter research suggests that the microblogging service is struggling to keep its most active users - who are vital to the business - engaged. Internal documents, seen by Reuters, underscore a challenge faced by Tesla CEO Elon Musk, who is expected to close his Twitter takeover deal by Friday. The documents suggest that cryptocurrency and "not saf...

Elon Musk’s EV company Tesla has retained its Bitcoin holdings in the third quarter of 2022. In terms of Bitcoin, the EV company is projected to hold around 9,720 Bitcoin units at present. For the third quarter, Tesla said it has clocked $3.3 billion (roughly Rs. 27,306 crore) attaining revenues of $21.45 billion (roughly Rs. 1,77,493 crore).

Tesla said on Wednesday that it expected to miss vehicle delivery targets for 2022, while displaying worries of reduced demand. The company's Q3 revenue missed Wall Street estimates, but Tesla CEO Elon Musk told analysts that there was excellent demand for the fourth quarter, while addressing concerns from investors over the weak global economy and...

Tesla is set to unveil its Tesla Bot or Optimus humanoid robot, on the company's upcoming AI Day that is celebrated on September 30. The robots will be eventually be deployed in the company's factories, while CEO Elon Musk hopes they can later be used in homes for various purposes including making dinner, mowing the lawn and caring for the elderly ...

Elon Musk has filed a confidential countersuit against Twitter over $44 billion (nearly Rs. 3.5 lakh crore) deal. The suit was filed after Delaware Court announced the dates for five-day trail scheduled for October in Musk vs Twitter legal battle. Musk, CEO of Tesla, abandoned the deal on July 8 citing incomplete information about bots as the reaso...

Twitter blamed its ongoing battle to close its $44-billion acquisition by Elon Musk and a weakening digital advertising market for a surprise fall in quarterly revenue and a net loss.

Tesla exceeded Wall Street expectations from April through June with a better-than-expected $2.26 billion (roughly Rs. XXX crore) net profit for the quarter. The Texas-based company's second-quarter profit fell 32 percent from record levels in the first quarter. Experts note that the decrease in automobile revenues from the first quarter was offset...

Tesla is expected to report a hit in earnings on Wednesday, after the strain of the ongoing coronavirus pandemic that led to lockdowns in China and protracted startups of new EV factories. The company has already begun laying off employees amid a fall in market value and rising competition from other electric vehicle manufacturers, and analysts say...