Latest news with #vehicledeliveries
Yahoo
24-07-2025
- Automotive
- Yahoo
Tesla reports second-quarter profit decline amid delivery drop
Tesla on Wednesday reported its second consecutive quarterly profit decline, hit by a drop in vehicle deliveries. The electric carmaker, founded by billionaire Elon Musk, posted net earnings of $1.17 billion in the latest quarter - a 16% decrease compared with the same period last year. Revenue also fell 12% to $22.5 billion, slightly below analysts' expectations of about $22.7 billion. Switch Auto Insurance and Save Today! Great Rates and Award-Winning Service The Insurance Savings You Expect Affordable Auto Insurance, Customized for You A key factor behind the decline was a 13.5% fall in deliveries, down to 384,122 vehicles. The new version of the bestselling Model Y, which has been delivered to customers since March, has not yet been able to boost sales. The transition phase for the Model Y, along with controversies surrounding Musk's political activities, was seen as a reason for the 13% drop in sales in the first quarter. Competition rises as Tesla pushes robotaxis The company also faces mounting competition, especially from Chinese automakers, who are making strong gains outside the US market. In Europe - where Tesla operates a factory near Berlin - sales have been slipping for several months. Meanwhile, Musk continues to push Tesla's future in autonomous driving and robotics. In June, Tesla launched its first robotaxi service in Austin, Texas. However, only a limited number of Model Y vehicles are currently active, and rides are available exclusively to selected users. While the cars operate without drivers, a Tesla employee accompanies each trip in the passenger seat for safety. Electric vehicle subsidies near end Tesla's automotive revenue dropped 16% to $16.66 billion in the second quarter. However, the company could see short-term momentum in the coming months thanks to US President Donald Trump's policies, as electric vehicle subsidies in the US are set to expire at the end of September. This may prompt some buyers to make quick purchases. Following the quarterly results, Tesla shares edged up about 0.5% in after-hours US trading. Sign in to access your portfolio
Yahoo
12-07-2025
- Automotive
- Yahoo
NIO (NYSE:NIO) Reports 17.5% Year-Over-Year Rise In June 2025 Vehicle Deliveries
NIO reported a significant 11% share price increase last week following its announcement of robust delivery results for June 2025. The company delivered 24,925 vehicles, a 17.5% year-over-year rise, contributing to a strong second-quarter performance with a total of 72,056 vehicles delivered. This positive news regarding vehicle deliveries may have added weight to the broader market trends, despite the overall market performance remaining flat over the same period. Such robust figures from NIO might have bolstered investor confidence in the company's ability to achieve further growth in a generally stable market context. Every company has risks, and we've spotted 1 weakness for NIO you should know about. We've found 17 US stocks that are forecast to pay a dividend yield of over 6% next year. See the full list for free. The recent announcement of NIO's 17.5% year-over-year increase in vehicle deliveries for June 2025, with 24,925 units delivered, signals a promising boost in operational performance that aligns well with the company's expansion plans. This development might impact investors' perception positively and suggests potential future revenue growth. However, over the past year, NIO's total return, including share price and dividends, was a decline of 19.92%. Compared to the US market, which returned 13%, and the US Auto industry, which delivered 22.7% growth over the same period, NIO's performance has been subpar, pointing to potential challenges the company may face amidst rising competition. The company's share price is currently at US$4.24, which falls short of the consensus analyst price target of US$5.08, reflecting a 16.5% higher potential. This discrepancy suggests that analysts anticipate further upside potential if current forecasts materialize. However, NIO remains unprofitable with earnings forecast to improve but not reach profitability in the next three years. Analysts expect revenue growth of 18.33% annually, although this is slower than the aggressive target of 27.0% growth assumed under some scenarios. These revenue forecasts, alongside efforts to optimize supply chains and expand globally, will be critical in assessing future share price movements compared to the target. According our valuation report, there's an indication that NIO's share price might be on the cheaper side. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include NYSE:NIO. This article was originally published by Simply Wall St. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@ Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Forbes
03-07-2025
- Automotive
- Forbes
Forbes Daily: Hackers Set Their Sights On Global Airlines
Tesla's headaches continued Wednesday, as the EV maker reported sales data that underperformed analysts' already low predictions. The auto company reported a 13% decline in vehicle deliveries in its second quarter compared to the same period last year, narrowly exceeding the previous quarter as the company's largest year-over-year decline in the metric. It's the latest in a rocky stretch for Tesla, as CEO Elon Musk recently reignited his feud with onetime ally President Donald Trump, leading Trump to threaten to reexamine the company's government subsidies. Surprisingly, the automaker's stock rose after the news, ending the day up 5%. President Donald Trump and Speaker of the House Mike Johnson (R-LA). Photo byPresident Donald Trump late on Wednesday lashed out at Republican House members who had refused to back his signature policy megabill and warned that holding out would cost them votes from his base. In a post on Truth Social, Trump asked, 'What are the Republicans waiting for??? What are you trying to prove???' By early Thursday, the messaging appeared to have made an impact, as GOP leaders said they now believe they have the votes to pass the bill and will vote on it today, CNN reports. Robin Hood, an anti-poverty philanthropy group backed by nearly two dozen ultra wealthy finance moguls, denounced the Senate's passage of the sweeping budget bill, which it says is 'pull[ing] the rug out from under everyday working and poor Americans.' But among the billionaire donors and current or former board or leadership council members that Forbes reached out to—including Michael Bloomberg, hedge fund billionaire Bill Ackman and Citadel founder and CEO Ken Griffin—none responded with a comment. This is a published version of the Forbes Daily newsletter, you can sign-up to get Forbes Daily in your inbox here. Del Monte Pacific—the canned food producer controlled by Philippine food-to-pharmaceuticals tycoon Joselito Campos and his siblings—said it will deconsolidate its U.S. subsidiary, which has filed for bankruptcy. The company is among the assets owned by the Campos family, which is among the wealthiest in the Philippines with a net worth of $940 million, according to Forbes Asia . MONEY + POLITICS President Donald Trump escalated his threats against Zohran Mamdani. Peter Kramer/NBC via Getty Images President Donald Trump has ratcheted up his attacks on New York City Democratic mayoral candidate Zohran Mamdani, who pulled off a major upset in last week's primary and has said he plans to 'Trump-proof' New York City. The president floated the idea of examining Mamdani's process for becoming a U.S. citizen in 2018, and has threatened to withhold federal funding to New York City. As the Supreme Court wrapped up its latest term, a Forbes analysis found that groups linked to the controversial, right-wing Project 2025 were largely successful before the nation's highest court. The Supreme Court favored interests pushed by Project 2025-linked groups in eight of the 12 major cases Forbes examined, including those that limited court rulings against Trump, allowed restrictions on transgender healthcare, expanded tax exemptions for religious charities and killed Mexico's lawsuit against U.S. gun manufacturers. SPORTS + ENTERTAINMENT Sean "Diddy" Combs Photo byfor Sean "Diddy" Combs Sean 'Diddy' Combs escaped his more serious criminal charges on Wednesday, as a jury found the music mogul guilty of transportation to engage in prostitution, charges that—unlike the others he faced—do not come with the possibility of life in prison. One reason for the verdict, a legal expert told Forbes , could be because the prosecution failed to convince jurors that Combs forced or coerced his former girlfriends into commercial sex acts. But he still faces up to 20 years in prison and will remain in jail until his sentencing after being denied bail. Soccer star Diogo Jota, who played for Liverpool F.C. and the Portuguese national team, was killed in a car crash in Spain early Thursday morning, just two weeks after his wedding and only two months since he won the English Premier League title. Jota's Portugal teammate Cristiano Ronaldo mourned the 28-year-old's death in a post on X, saying: 'To your family, your wife and your children, I send my condolences and wish them all the strength in the all miss you.' TRAVEL + LIFESTYLE Three major global airlines—Qantas, Hawaiian Airlines and WestJet—have been hit with cyberattacks in the last three weeks, and cybersecurity experts say more carriers may have been targeted. The FBI recently warned of a cybercriminal group targeting the airline sector called Scattered Spider, which has been credited with many high-profile cyberattacks in recent years. TRENDS + EXPLAINERS As the House deliberates on President Donald Trump's tax bill, the legislation would have a major impact on colleges, likely weakening many institutions' finances while making it more difficult for students to access financial aid and student loans. Though the Senate pared back some of the changes proposed in the original House version, the bill still includes an increased tax on the investment income of some college endowments and changes to students' eligibility for Pell grants. DAILY COVER STORY Korean Internet Giant Kakao Teams With OpenAI To Jumpstart Growth Shina Chung, CEO of Kakao Jaehyun Kim For Forbes ASIA Striding purposefully across the stage at a packed media briefing held in Seoul in early February, Shina Chung, CEO of Korean internet giant Kakao, leaned in to greet OpenAI cofounder Sam Altman. After six months of negotiations, the two companies had just sealed a partnership that would give Kakao (market cap: $20 billion) access to the American AI titan's powerful technology. As Chung declared on stage, it could potentially turn 'all imaginable AI-era services into reality'—and give Kakao a fighting chance to leapfrog the competition. With OpenAI's help, Kakao hopes to realize its ambitions of being at the forefront of providing hyper-personalized services to the 49 million users of its ubiquitous superapp KakaoTalk, which equals about 94% of the country's population. Chung is targeting a November rollout of so-called AI agents—next generation virtual assistants that can go beyond answering basic questions to making decisions and even taking actions on behalf of users. For Kakao and its first woman CEO, the OpenAI alliance could be nothing less than a game-changer. Since taking the top job in March 2024, Chung's biggest challenge is to steer the company through the longest stretch of sluggish sales in its 15-year history. The 50-year-old Chung, who featured on Forbes Asia's Power Businesswomen list last year, is betting that going all-in on AI will be a catalyst for growth. The collaboration isn't a one-way deal. For OpenAI, it offers an opportunity to further its global ambitions by providing access to one of the world's most tech-savvy markets, which has the highest number of paying subscribers outside the U.S. for ChatGPT, its revolutionary chatbot. WHY IT MATTERS It's a critical turning point for Kakao. The company's business is dependent on the Korean market—compared with blue-chip stalwarts like Samsung and Hyundai whose fortunes are determined by global exports—which faces a deepening economic slump. The country's GDP contracted by 0.2% in the first quarter amid the threat of a global trade war, weak consumer spending and months of political turmoil. MORE South Korea's AI Chip Champion Is Poised To Carve Out Global Nichesian Stocks Are Crushing It And Still Cheap FACTS + COMMENTS What is believed to be the largest piece of Mars on Earth is going up for auction later this month, and the 'once-in-a-generation find' is anticipated to bring in millions. That would make it the most valuable meteorite ever offered at auction: Between $2 million and $4 million: The price the 54-pound meteorite is expected to fetch Around 77,000: The number of officially recognized meteorites on Earth, only 400 of which are Martian, according to Sotheby's 6.59%: The percentage of Martian material on Earth that this meteorite accounts for STRATEGY + SUCCESS The majority of Americans experience burnout, and the summer is the perfect time to recharge by way of vacation days, long weekends and summer Fridays. But it's critical to plan ahead so you can rest with intention: schedule time off, block off your calendar and turn on out-of-office notifications. And make time for the things that energize you, whether it's exercise, a hobby or volunteering in the community. VIDEO Sportswear giant Nike is branching out into toys to help broaden its appeal with children. What kind of toy did it co-launch, and promptly sell out? A. A LEGO set B. A Labubu doll C. An athlete-themed Barbie doll D. Branded Hot Wheels cars Check your answer. Thanks for reading! This edition of Forbes Daily was edited by Sarah Whitmire and Chris Dobstaff
Globe and Mail
02-07-2025
- Automotive
- Globe and Mail
Tesla Is Jumping Today -- Is the Stock a Buy?
After sell-offs in yesterday's trading, Tesla (NASDAQ: TSLA) stock is rising Wednesday. The company's share price was up 4.6% as of 2 p.m. ET amid the backdrop of a 0.3% gain for the S&P 500 and a 0.7% gain for the Nasdaq Composite. The stock had been up as much as 5.4% earlier in the session. Tesla published its second-quarter vehicle delivery figures yesterday, and the company's valuation is climbing despite a big performance drop-off. News that the U.S. has reached a trade agreement with Vietnam is supporting bullish momentum for the stock, and a much weaker than expected June jobs report from ADP also has some investors ramping up bets that the Federal Reserve will cut interest rates at its meeting. Where to invest $1,000 right now? Our analyst team just revealed what they believe are the 10 best stocks to buy right now. Learn More » With the report that it published this morning, Tesla announced that it had delivered 384,000 vehicles in this year's second quarter -- a 14% year-over-year decline. Meanwhile, the average analyst estimate compiled by FactSet had called for the business to deliver 387,000 vehicles in the period. Is Tesla stock a buy right now? Despite some rallies connected to the company's robotaxi business and opportunities in artificial intelligence (AI) and robotics, Tesla still ranks as this year's worst-performing "Magnificent Seven" stock. As of this writing, the company's share price is down roughly 22% across 2025. Even though the company has seen a substantial valuation pullback across this year's trading, Tesla is still valued at approximately 10.5 times this year's expected sales and 168 times expected earnings. While earnings headwinds are expected to moderate somewhat, the company is also still trading at approximately 111 times next year's expected earnings. Tesla should be able to score meaningful wins in the robotaxi business, but these wins will take time to materialize -- and the core business is struggling. While Tesla still has the potential to be a winner for investors with a very long time horizon, the significance of the challenges facing the EV business suggests that investors may be able to build positions at a better entry point. Don't miss this second chance at a potentially lucrative opportunity Ever feel like you missed the boat in buying the most successful stocks? Then you'll want to hear this. On rare occasions, our expert team of analysts issues a 'Double Down' stock recommendation for companies that they think are about to pop. If you're worried you've already missed your chance to invest, now is the best time to buy before it's too late. And the numbers speak for themselves: Nvidia: if you invested $1,000 when we doubled down in 2009, you'd have $397,573!* Apple: if you invested $1,000 when we doubled down in 2008, you'd have $39,453!* Netflix: if you invested $1,000 when we doubled down in 2004, you'd have $697,627!* Right now, we're issuing 'Double Down' alerts for three incredible companies, available when you join Stock Advisor, and there may not be another chance like this anytime soon. *Stock Advisor returns as of June 30, 2025
The Verge
02-07-2025
- Automotive
- The Verge
Tesla reports 14 percent drop in second-quarter vehicle deliveries
Tesla sales hit a new low, with the company reporting a 14 percent drop in second-quarter vehicle deliveries compared to a year ago. The company said that it produced a total of 410,244 vehicles between April–June of this year, including 396,835 Model 3 and Model Y vehicles, as well as 13,409 'other vehicles' like the Model S, Model X, and Cybertruck. That represents a minor 0.1 percent drop compared to the second quarter of 2024, when the company produced 410,831 vehicles. Tesla also said that it delivered a total of 384,122 vehicles, including 373,728 Model 3 and Model Y vehicles, as well as 10,394 other vehicles — a 14 percent decline compared to the second quarter of 2024, when it delivered 443,956 vehicles. (For a direct-to-consumer company like Tesla, deliveries are a proxy for sales.) Expectations were pretty grim for this quarter, with UBS predicting an 18 percent decrease in deliveries year over year, and Barclay estimating 375,000 vehicles sold. Tesla may have outperformed these expectations, but the company is still on a steady decline since reporting its first year-over-year sales drop since 2020 last year. It was another troubling sign for the once high-flying EV company as it continues to struggle with rising competition, stagnant demand for electric vehicles, and a growing backlash against Elon Musk's political activities within President Donald Trump's administration. The Tesla Takedown protest movement, which began earlier this year, has targeted hundreds of Tesla dealerships around the world in an effort to erode the company's sales even further. Last month, Musk announced that he was stepping away from his position at the Department of Government Efficiency (DOGE) amid a bitter feud with Trump — but insisted that DOGE's controversial cost-cutting efforts would continue. Still, his reputation in the US has plummeted, with a majority of people saying they have a negative view of him. His claims to have saved the government a trillion dollars by slashing 'waste, fraud, and abuse' seem to have been mostly overstated. There were other worrying signs ahead of the Q2 report. Tesla's sales in Europe have been in a serious slump with five straight consecutive months of decline, according to registration data from the European Union. In China, the company's sales continue to decrease as domestic brands like BYD grab more market share. (Tesla does not break out sales regionally, so registration data from Europe and China are watched closely.) During Q1, Tesla attributed some of the drop in sales to design and production changes for the newly refreshed Model Y. But now the revamped EV is widely available, and the automaker's numbers are still going in the wrong direction. There's been inner turmoil at Tesla, too. Last week, Omead Afshar, Tesla's VP of manufacturing and a longtime Musk ally, left the company — with some reports suggesting he was fired. His departure follows that of Milan Kovac, head of the Optimus humanoid robot project, earlier this month. The launch of Tesla's long-delayed robotaxi service was also a bit of a bust. Instead of the 'unsupervised' vehicles that Musk had promised at the beginning of this year, the robotaxis featured Tesla-employed safety monitors in the front passenger seat. Several videos of the service in action showed significant safety lapses, including a robotaxi driving over the double yellow line into the opposite lane of traffic and braking hard in the middle of the road for no reason.
