Tesla Shares Sink as Musk Says It Could Face some 'Rough Quarters' Ahead

Tesla shares sink as Musk says it could face some ’rough quarters’ ahead

NEW YORK — Tesla shares sank Thursday after CEO Elon Musk said the company could face a "few rough quarters" as it transitions to a future focused less on selling cars and more on offering people rides in self-driving cars.

Tesla slumps, Alphabet jumps: Google's parent company stock gains 3% on AI spend, Tesla drops 9% after Q2 result

Alphabet's shares surged following strong earnings and increased AI investment, boosting related stocks. Conversely, Tesla's shares plummeted due to Musk's warning of challenging quarters ahead and the loss of key incentives. Airline stocks also declined despite earnings reports. Overall, global indices saw gains amid hopes of trade deals and easing inflation, while Treasury yields edged up.

Tesla shares sink as Musk says it could face some 'rough quarters' ahead

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Tesla stock plunges as Elon Musk warns company may face ‘a few rough quarters’ ahead

Tesla shares plunged as much as 10% in early trading Thursday as investors digested another dismal quarter of car sales – and CEO Elon Musk’s admission that slump may not end anytime soon.

Lloyds flags UK economy ‘deterioration’; Elon Musk warns ‘rough quarters’ ahead for Tesla – business live

Live, rolling coverage of business, economics and financial markets as UK’s biggest high street bank says unemployment will peak higherThe FTSE 100 has gained a bit more momentum, up 0.6%.Elsewhere on European markets, France’s Cac 40 is up 0.4%, but Germany’s Dax index has jumped by 1.1% and Spain’s top stocks on the Ibex are up 1.3%. Continue reading...