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July 26 (Reuters) - Tesla Inc (TSLA.O) posted a bigger second-quarter profit than expected on Tuesday thanks to higher sales of its less-expensive electric vehicles, as it raised vehicle prices and cut costs. Tesla CEO Elon Musk, however, said a global chip shortage that led to temporary factory shutdowns for the automaker, remains serious, and offered no details on the timing of its Cybertruck and next-generation batteries.
July 26(Adds shares, background) (Reuters) - Electric carmaker Tesla Inc on Monday beat Wall Street expectations for second-quarter revenue on the back of record deliveries, despite the impact from a prolonged global shortage of chips and raw materials. Shares of the world's most valuable automaker were up 1.3% in extended trade.
July 26 (Reuters) - Tesla Inc (TSLA.O) posted a bigger second-quarter profit than expected on Tuesday thanks to sharply higher sales of its less-expensive electric vehicles, as it raised prices to boost its margins on them. Tesla also cut costs which helped it offset many of the supply chain and microchip shortfalls facing the auto industry.
July 26 (Reuters) - Electric carmaker Tesla Inc (TSLA.O) on Monday beat Wall Street expectations for second-quarter profit and revenue as record deliveries offset the impact of a prolonged global shortage of chips and raw materials. Shares of the world's most valuable automaker were up 1.3% in extended trade.
(Reuters) - Tesla Inc has weathered the pandemic and supply chain crisis better than many of its rivals, achieving record deliveries last quarter. But Chief Executive Elon Musk faces pressure to deliver on breakthrough batteries and new factories and models, which are late. Those questions, demand in China and the financial effect of a Bitcoin sell-off will be high on investors' minds when the electric vehicle company publishes results Monday.
NEW DELHI, July 23 (Reuters) - Tesla Inc (TSLA.O) is likely to set up a factory in India if successful with imported vehicles, Chief Executive Elon Musk said on Twitter, after the company wrote to Indian ministries seeking a big reduction in import duties on electric vehicles, according to two sources with knowledge of the matter.
TOKYO, July 22 (Reuters) - The safe-harbour U.S. dollar and yen remained on the back foot on Thursday, after pulling back from multi-month highs amid a recovery in risk appetite as strong earnings lifted Wall Street stocks. Cryptocurrencies rallied after Tesla Inc (TSLA.O) CEO Elon Musk said the company would "most likely" resume accepting bitcoin for payment.
Noor Zainab Hussain and Nivedita Balu (Adds Musk comments, background) By Noor Zainab Hussain and Nivedita Balu (Reuters) - Electric-car maker Tesla Inc will most likely restart accepting bitcoin as payments once it conducts due diligence on the amount of renewable energy used to mine the currency, Chief Executive Officer Elon Musk said at a conference on Wednesday.
(Reuters) - China's top electric vehicle (EV) battery maker CATL said on Wednesday it had sued smaller rival China Lithium Battery Technology Co (CALB) for alleged intellectual property violations. CATL, which supplies Tesla Inc and Volkswagen AG, said in a statement the lawsuit related to batteries made by CALB using its new technologies that have been installed on tens of thousands of vehicles.
July 20 (Reuters) - Tesla Inc plans to open its network of superchargers to other electric vehicles later this year, Chief Executive Officer Elon Musk said on Twitter. The electric-car maker's fast charging network, with over 25,000 superchargers globally, has given it a competitive edge.
BERKELEY, California, July 17 (Reuters) - Tesla Inc said on Saturday that it has introduced an option for some customers to subscribe to its advanced driver assistance software, dubbed "Full Self-Driving capability", for $199 per month, instead of paying $10,000 upfront.
(Adds details, context) (Reuters) - Major cryptocurrency exchange Binance said on Friday that users can no longer buy digital tokens linked to stocks, a day after Italian regulators joined a string of financial watchdogs to crackdown on the platform "Effective immediately, stock tokens are unavailable for purchase on Binance.com," the exchange said on its website, adding that it would cease all support in October.
July 15 (Reuters) - Tesla Inc's vehicle registrations in California rose more than 85% in the second quarter versus last year, largely due to the success of the company's Model Y, according to data from Cross-Sell https://info.cross-sell.com/tesla-special-report-0, a research firm that collates title and registration data.
In the first quarter of this year, electric vehicles (EV) accounted for 2.22% of all new vehicle registrations in the United States. Of those, new EVs from Tesla Inc. (NASDAQ: TSLA) accounted for 1.7% of all new registrations, roughly 70% of all new EV registrations for the quarter.
Short interest moves among automakers’ stocks were mostly downward during the two-week reporting period that ended on June 30. Of the companies we watch, short interest decreased on five of seven electric vehicle (EV) makers while dropping on both of the traditional carmakers. Share price moves on the nine stocks trended higher during the two-week period, with six of the EV makers posting increases.
KEY POINTS Tesla CEO Elon Musk headed back to court for a second day in a case revolving around his company's acquisition of SolarCity. Shareholders sued Musk, alleging that Tesla's acquisition of the solar installer amounted to a bailout. The shareholders also allege that Musk controlled the board of Tesla, even though he appeared to recuse himself from some deal negotiations concerning SolarCity.