European chipmaker STMicroelectronics on Thursday forecast a more than 15% drop in first-quarter revenue, well below market expectations, due to softer automotive demand and a further decline in orders from the industrial sector.
Tesla CEO Elon Musk said on Wednesday that Chinese automakers will "demolish" global rivals without trade barriers, underscoring the heat the U.S. electric vehicle market leader faces from the likes of BYD, who are racing to expand worldwide.
European chipmaker STMicroelectronics on Thursday said its first-quarter revenue would fall over 15% year-on-year, after fourth-quarter sales missed estimates on softer automotive growth and further deterioration in the industrial sector.
Chinese markets caught a foothold overnight, with a cut in bank reserve requirements and vague promises of more support ahead enough to staunch selling, for now. The blue chip CSI300 .CSI300 rose more than 1%, cutting losses for the year to roughly 3%.
Asian shares rose to a one-week high as policy support put a floor under the battered Chinese stock market, while bonds were under pressure ahead of a European Central Bank meeting later in the day.
Tesla (NASDAQ: TSLA) stock declined 6% in after-hours trading on Wednesday following the electric-vehicle (EV) pioneer's release of its fourth-quarter 2023 report.
Tesla CEO Elon Musk said on Wednesday Chinese automakers will "demolish" global rivals without trade barriers, underscoring the heat the U.S. electric vehicle market leader faces from the likes of BYD, who are racing to expand worldwide.
Asian stocks traded cautiously and bonds fell on Thursday while investors waited on more detail of China's stimulus plans and for a European Central Bank meeting later in the session.
Note: The following is an excerpt from this week’s Earnings Trends report. You can access the full report that contains detailed historical actual and estimates for the current and following periods, please click here>>>
Note: The following is an excerpt from this week’s Earnings Trends report. You can access the full report that contains detailed historical actual and estimates for the current and following periods, please click here>>>
Fool.com contributor Parkev Tatevosian reviews Tesla's (NASDAQ: TSLA) fourth-quarter earnings release and answers what it could mean for Tesla stock investors.
For the quarter ended December 2023, Tesla (TSLA) reported revenue of $25.17 billion, up 3.5% over the same period last year. EPS came in at $0.71, compared to $1.19 in the year-ago quarter.
Markets put in a mixed showing among major indices today, with the S&P 500 and Nasdaq eking out gains for the session, while the Dow and small-cap Russell 2000 closed right near session lows. The Dow lost -99 points, -0.26%, w
Tesla (TSLA) came out with quarterly earnings of $0.71 per share, missing the Zacks Consensus Estimate of $0.75 per share. This compares to earnings of $1.19 per share a year ago. These figures are adjusted for non-recurring items
(RTTNews) - On Wednesday, Tesla, Inc. (TSLA) announced an increase in its fourth quarter and fiscal year 2023 earnings primarily due to higher revenue. However, earnings missed the Street estimates.
The NASDAQ 100 After Hours Indicator is down -4.21 to 17,495.09. The total After hours volume is currently 98,558,392 shares traded.The following are the most active stocks for the after hours session: Fidelity National Information Services, Inc. (FIS) is unchanged at $61.06, wi
The S&P 500 climbed to its fourth straight record high close on Wednesday, as Netflix surged following blowout quarterly results and a strong report from ASML fueled gains in chipmakers.
Tesla on Wednesday reported a fall in fourth-quarter gross margin from a year earlier as it cut prices and offered incentives to boost demand for its electric vehicles.
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