Tesla’s top sales executive in North America, Troy Jones, has left the electric vehicle maker in the latest senior departure at the company, the Wall Street Journal reported Tuesday, citing people familiar with the matter.The vice president of sales, service and delivery in North America – Tesla’s biggest market – Jones has been with the company for 15 years.Tesla and Jones did not immediately respond to Reuters’ requests for comment.Troy Jones, Tesla’s top sales executive in North America, Troy Jones, has ...

SANTA BARBARA, Calif., July 08, 2025 (GLOBE NEWSWIRE) -- Public safety advocacy group The Dawn Project has called on legislators to take action to ban Tesla’s Full Self-Driving software from public roads over the litany of critical safety defects uncovered by the group’s safety tests of the software. Today, The Dawn Project shared a report of its findings with legislators and key regulators, including the National Highway Traffic Safety Administration (NHTSA), which has numerous open investigations into Tes ...

Group 1: Bill Ackman's Investment Strategy - Billionaire investor Bill Ackman, known for activist short-selling, has shifted to long positions, with his fund, Pershing Square Capital Management, now holding about a dozen stocks [1] - Pershing Square has never owned Tesla but recently launched a new position that has become its largest holding, representing a bet against Tesla for the time being [1] Group 2: Robotaxi Industry Developments - The robotaxi revolution is gaining momentum, with full-self-driving (FSD) capabilities starting to appear in major cities, indicating the industry is at a tipping point [2] - Tesla has initiated its first batch of autonomous robotaxis in Austin, Texas, marking a soft launch, although the vehicles are currently geo-fenced and monitored by humans [4] Group 3: Competitive Landscape between Tesla and Uber - Pershing Square's significant investment in Uber, which constituted 19% of its portfolio at the end of Q1, positions it against Tesla, as both companies are focusing on robotaxis for future growth [5][6] - Analysts believe Tesla's robotaxi initiative poses a long-term threat to Uber's business model, with the potential for a fleet that operates without human labor [6] - Uber is also pursuing partnerships to build a robust network for autonomous vehicles, collaborating with companies like Waymo and Pony.ai [7][8] Group 4: Future Prospects and Valuations - Uber estimates the autonomous opportunity could exceed $1 trillion in the U.S., positioning itself as a key player due to its scale and operational capabilities [8] - Tesla and Uber are currently competitors in the robotaxi space, although there is speculation about potential partnerships in the future [9][10] - Tesla's stock is trading at approximately 170 times forward earnings, reflecting high expectations for its robotaxi business, while Uber trades at 25 times forward earnings, indicating lower expectations for its autonomous initiatives [11]

Group 1 - Tesla's deliveries from April to June totaled 384,122, marking a 13.5% decline compared to the same period last year, indicating a continued slump in production [1] - Wall Street analysts had anticipated approximately 1,000 more deliveries than reported, highlighting a significant shortfall in expectations [1] - Tesla's profits for the first quarter fell by 71% to $409 million from $1.39 billion, with revenues dropping 9% to $19.3 billion, which were also below forecasts [9] Group 2 - Despite the negative delivery figures, analysts at Wedbush expressed optimism about Tesla's future, citing advancements in autonomous driving, robotics, and other technologies as key growth drivers [6] - The stock price of Tesla experienced a 5% decline earlier in the week but rebounded with a 4.5% increase on Wednesday, suggesting some recovery in investor sentiment [6] - The upcoming financial details for Tesla are expected to be published later this month, which may provide further insights into the company's performance [7]

Tesla (NASDAQ: TSLA) stock could plunge by more than 60% following a fresh bearish outlook from banking giant JPMorgan.The downbeat forecast comes as Tesla holds above the $300 level after a recent rally driven by the highly anticipated launch of its robotaxi in Austin. At the close of Monday’s session, TSLA shares were valued at $317.66, down 1.8%. The weakness has extended into Tuesday’s pre-market, with the stock falling another 4.5% to $303.TSLA one-week stock price chart. Source: FinboldAs part of its ...

Core Viewpoint - Tesla may be entering an era of "gimmicks," losing focus on its core electric vehicle (EV) business following the launch of its robotaxi service in Austin, according to Wall Street analyst Gordon Johnson [1][2]. Company Operations - Tesla's core operations are believed to be in a state of structural decline, leading the company to rely on promotional spectacles and futuristic tech promises to maintain market attention [2]. - The recent robotaxi rollout has faced scrutiny due to notable errors, including wrong-lane driving and abrupt stops, raising concerns about the readiness of its Full Self-Driving (FSD) system [4]. Financial Performance - Tesla's automotive gross margin fell to approximately 16% in the first quarter, down from a pandemic-era high of 25%, indicating struggles in maintaining profitability amid price cuts and zero-interest financing strategies [5]. - The company is facing declining sales and increasing pressure from lower-cost Chinese manufacturers [5]. Market Sentiment - Shifting public sentiment, influenced by CEO Elon Musk's polarizing public image, has eroded goodwill among some investors and consumers [6]. - After an initial boost from the robotaxi launch, Tesla's stock price has retraced, closing at $323, down 1.4%, with a 1.2% decline over the past week [7]. Stock Price Outlook - Tesla stock needs to hold above the $300 support level, and if the company can reassure investors about the safety of its robotaxi, there is potential for the stock to target the $400 mark [10].

Group 1 - U.S. equities surged at midday, with the S&P 500 and Nasdaq reaching record highs due to a trade deal between the U.S. and China, with more agreements anticipated [1][5] - Nike (NKE) emerged as the top performer in the Dow and S&P 500 after reporting better-than-expected results and a positive outlook, indicating the success of its turnaround plan [1][5] - Boeing (BA) shares were positively impacted by the U.S.-China trade news, which is expected to enhance the company's sales in China [2] Group 2 - Shares of mining companies such as Nemont (NEM) and Freeport-McMoRan (FCX) declined as gold and other precious metal prices fell following the trade news [3][5] - The announcement of a collaboration deal between Cyngn (CYN) and Nvidia (NVDA) led to a significant increase in Cyngn's shares, which soared 171% [2] - Life sciences company Bio-Techne (TECH) experienced a decline in shares after warnings of "big-picture headwinds" facing the sector [3]

Tesla's June launch of its long-awaited "robotaxi" requires a lot of qualifiers: it was supervised, open only to a few invitees and included somewhere between 10-20 vehicles.The stock jumped 8% the day after the launch, and some participants and observers called it a success. The shares have largely given back that gain since then."I thought it was extremely smooth. Everything we saw," said Wedbush analyst Dan Ives. "Not just from a safety perspective. Maneuverability was way impressive. I thought actually ...

Tesla boss Elon Musk has reportedly fired longtime “fixer” Omead Afshar, the head of the company’s North American and Europe operations, after a prolonged sales slump in the key regions.Afshar was long considered one of Tesla’s most powerful executives and had been promoted to oversee sales and manufacturing in the two regions last October. Forbes was first to report on the firing, citing people familiar with the matter.Tesla did not immediately return The Post’s request for comment. Musk, who frequently pr ...

Goldman Sachs analyst Mark Delaney maintained a Neutral on Tesla Inc TSLA with a price forecast of $285 on Wednesday.Delaney stated that Tesla began robotaxi operations on June 22 in Austin, Texas, for a small group of early access individuals.The analyst recalled that Tesla had said the initial fleet would likely consist of 10-20 Model Y vehicles.Also Read: Tesla Stock Rises After Austin DMV Recognizes Company as Official Operator of Autonomous VehiclesBased on available data on Tesla’s robotaxi launch fro ...