Moreover,
Tesla drops more than 9%:
Since the start of the year, the title has lost almost 20%. Moreover, The Elon Musk group announced yesterday a 16% drop in net profit in the second quarter. Furthermore, assigned by a decline in vehicle sales. Moreover,
The action of the Tesla electric vehicle manufacturer continues its fall to Wall Street on Thursday. Meanwhile, the day after the publication of its second quarter results, which showed a drop in sales.
Around 4:45 p.m. GMT, Tesla action released 9.29% to 301.67 dollars. Since the start of the year, the title has lost almost 20%.
The group announced on Wednesday a drop of 16% of its net profit in the second quarter. assigned by a decline in vehicle sales, in a context of increased competition and consequences of the involvement of its boss Elon Musk in the American political sphere.
Between April tesla drops more than 9% and June, the automaker has garnered a turnover of $ 22.50 billion (-12% over one year) and a net profit of 1.17 billion, lower than analysts’ consensus expectations.
“We may know a few difficult quarters. (…) The fourth quarter (2025), the first quarter and the second quarter (2026), “said Elon Musk on Wednesday during an audioconference.
“There are still obstacles (…) and obvious growth challenges for Tesla in the next 3 to 6 months,” said Wedbush in a note Daniel Ives.
Tesla must still negotiate a crucial turn linked to autonomous driving and artificial intelligence (AI). Mr. Musk assured that once the autonomy “deployed on a large scale in the second half” 2026, the situation would improve.
According to Wedbush analysts, autonomy alone represents around $ 1,000 billion in valuation for the company located in Austin, Texas (South).
heckled title
This “aggressive strategy focused on AI is (…) the tesla drops more than 9% best news for Tesla investors,” said Mr. Ives.
“Tesla’s comments on future developments in terms of AI”. such as autonomous vehicles or Robotaxis, are “optimistic”, abounded analysts from Bofa Research.
Tesla is not at its first fall to Wall Street: the title has been heckled several times since the beginning of the year. sometimes evolving above, sometimes below the symbolic threshold of the $ 1,000 billion in market capitalization.
The Tesla action notably suffered from the involvement of Elon Musk within the Trump administration. then, later, repeated arms passes between Musk and Trump, in particular about the vast budgetary bill wanted by the American president.
Trump reacted Tesla’s performances on Thursday on his Truth social network: “Everyone claims that I will destroy Elon’s companies by removing part. even all, of subsidies (…) that he receives from the American government,” he wrote.
“This is not the case!” I want Elon, and tesla drops more than 9% all the companies in our country prospered, “he continued.
Tesla drops more than 9%
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