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When Ark Invest's Cathie Wood speaks, growth investors pay attention. Her innovation-focused funds have crushed the broader market under some circumstances and lagged behind in other market conditions, but are still seen as trendsetters in risk assessment and long-term growth inv

ABB warned on Thursday of slowing Chinese demand, Taiwanese chipmaker TSMC forecast a drop in 2023 sales and Electrolux cautioned shoppers are seeking cheaper appliances, deepening worries about global corporate and economic health.

Tesla (NASDAQ: TSLA) led the auto industry in battery electric vehicle (BEV) sales during the first quarter of 2023, actually gaining market share compared to the prior year, and deliveries skyrocketed 83% year over year to a record 479,700 vehicles in the second quarter.

World share markets shuffled sideways on Thursday as investors looked ahead to a clutch of key central bank meetings next week and disappointing earnings from Netflix and Tesla pushed Wall Street futures lower.

Elon Musk's elusive goal of creating self-driving software is driving the Tesla CEO to prioritize sales over profits, a strategy that could deepen a price war - and investor concern.

The S&P 500 and Nasdaq futures fell on Thursday as Tesla kicked off second-quarter earnings for megacap growth and technology stocks on a somber note, while Netflix slid as quarterly revenue missed analyst estimates.

European shares advanced on Thursday as investors assessed mixed earnings from companies in the region, although semiconductor stocks saw a heavy selloff after Taiwanese chipmaker TSMC delivered a downbeat sales forecast.

Elon Musk's elusive goal of creating self-driving software is driving the Tesla CEO to prioritize sales over profits, a strategy that could deepen a price war - and investor concern.

European shares edged lower at open on Thursday, as investors assessed mixed earnings from companies in the region while disappointing results from U.S. heavyweights Tesla and Netflix also weighed on sentiment.

Japan's Nikkei share average fell on Thursday following two straight sessions of advances, as chip stocks sank in line with U.S. peers.

EV (electric vehicle) titan Tesla ( NASDAQ:TSLA ) delivered  stronger-than-expected second-quarter financials. Moreover, its  adjusted EPS jumped 20% year-over-year. However, lower ASPs (average selling prices) took a toll on its margins, leading to a 4.2% drop in TSLA stock after hours. Nonetheless, Wall Street analysts remain unfazed by Q2 results and continue to have the same opinion on TSLA stock following the earnings announcement. Margins to Remain Pressured in Short Term Tesla lowered its ASPs to accelerate volumes. The strategy weighed on the company’s industry-leading margins. Tesla’s gross and operating margins have experienced a consistent decline in the past several quarters. In Q2, GAAP gross margins fell 682 basis points year-over-year. Meanwhile, it declined by 110 basis points sequentially.  Further, TSLA’s operating margin fell 493 basis points year-over-year as the company’s emphasis on price cuts to drive volume growth continued to eat into the automotive margin.  During the Q2 conference call, Tesla CEO  Elon Musk hinted that the company could take further price cuts in the short term, depending on market conditions. This could further dent TSLA’s margins.  However, Musk emphasized that TSLA is a “big long-term investment” and “short-term variances in gross margin and profitability really are minor relative to the long-term picture.” He added that autonomy will help recoup margins and “make all of these numbers look silly.” Analysts Remain Unfazed Mizuho Securities analyst Vijay Rakesh acknowledged that lower ASPs squeezed TSLA’s margins. However, the analyst maintained a Buy recommendation on Tesla stock and increased the price target to $330 from $300 following the Q2 earnings release.  Rakesh said that TSLA is a global leader in the EV space and sports “much stronger EV margins” compared to its peers. Moreover, with a long-term production target intact, TSLA will continue to lead the industry. Along with Rakesh,  Garrett Nelson of CFRA also reiterated the Buy recommendation on TSLA stock. The analysts’ price target of $325 implies a further upside potential of 11.58% from current levels.  Goldman Sachs analyst Mark Delaney is bullish about TSLA’s long-term prospects. However, the analyst maintained a Hold on TSLA stock as he believes that positives are already reflected in its share price, which has rallied quite a lot on a year-to-date basis. However, the analyst sees near-term margin headwinds if Tesla cuts prices further.  Is it Good to Invest in Tesla? Tesla is a global leader in EVs and has a portfolio of products and technologies that help it grow and defend its market share. While TSLA is a solid long-term investment, the recent run in its share price could limit the upside potential in the short term.  Wall Street analysts maintain their cautiously optimistic outlook on TSLA stock following Q2 earnings.  TSLA stock has received 12 Buy, 11 Hold, and four Sell recommendations for a Moderate Buy consensus rating. Analysts’ average price target of $252.08 implies 13.45% downside potential from current levels.  Disclosure

Asian shares inched higher on Thursday as investors took stock of corporate earnings and looked ahead to central bank meetings next week, while disappointing earnings results from Netflix and Tesla pushed U.S. futures lower.

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Asian stocks rose and sterling stumbled on Thursday as cooling UK inflation lifted risk appetite ahead of central bank meetings next week, while disappointing earnings results from Netflix and Tesla pushed U.S. futures lower.

Tesla Chief Executive Elon Musk on Wednesday set new targets for artificial intelligence products including self-driving software and using humanoid robots in factories, though he acknowledged he's been optimistic before.

Tesla (NASDAQ: TSLA) stock is down 4.3% in after-hours trading on Wednesday as of 7:04 p.m. ET, following the electric vehicle pioneer's release of its second-quarter 2023 results.

Tesla (NASDAQ: TSLA) reported a beat on top and bottom lines tonight, but the market was not impressed. What happened to Tesla stock? Is this an opportunity to buy shares, or should investors expect more pain? The video below breaks it down. Don't forget to subscribe to the chann

Tesla (TSLA) reported $24.93 billion in revenue for the quarter ended June 2023, representing a year-over-year increase of 47.2%. EPS of $0.91 for the same period compares to $0.76 a year ago.

Welcome to the most eventful afternoon of Q2 earnings season so far. We have a wide swath of earnings reports across a variety of industries after today’s closing bell, and leading into it we got another up-day in the markets on t

Tesla (TSLA) came out with quarterly earnings of $0.91 per share, beating the Zacks Consensus Estimate of $0.83 per share. This compares to earnings of $0.76 per share a year ago. These figures are adjusted for non-recurring items