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Tesla's stock is making a comeback. But it's about to face a massive challenge [Yahoo! Finance]
Last tesla, inc. earnings: 4/29 04:11 pm
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US:NASDAQ Investor Relations: ir.tesla.com
The stock had been plunging as Tesla's sales have fallen sharply, particularly in Europe and China, where competition for electric vehicles is fierce. Recent attacks on Tesla showrooms and vehicles in the United States hasn't helped either – they've been in response to CEO Elon Musk, whose high-profile role in the Trump administration has been broadly unpopular. Even the used car market for Teslas is crumbling Musk has pushed for tens of thousands of federal layoffs as head of the Department of Government Efficiency, or DOGE. He's also backed far-right candidates in Germany and the United Kingdom. And he has promoted bigotry and conspiracy theories on his social media platform, X. But in the past week, Tesla's shares have bounced back somewhat after Musk committed to ambitious plans during an “all hands” company meeting on Thursday. Shares climbed 5% on Friday, 12% on Monday and more than 3% Tuesday. Thursday's meeting might have been just part of the reason for the turnaround.
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