Tesla, Ford, GM And Other Automakers Trade Lower In Premarket After Elon Musk And Jim Farley's Team Fail To Soothe Investors

Quick Summary:

In the wake of second-quarter earnings announcements, shares of leading automakers such as Ford Motor Company (NYSE:F), Tesla Inc.(NASDAQ:TSLA), and General Motors Company (NYSE:GM) experienced a downturn on Thursday.

Despite a modest 2% increase in revenue, Tesla’s second-quarter earnings per share did not meet expectations.

What Happened: Tesla’s shares fell by 2.03%, Rivian Automotive Inc‘s (NASDAQ:RIVN) by 3.13%, and GM’s by 1.91%.

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Category: Technology

Markets: United StatesChina

Topics: US3453708600 Tech TSLA EVs Mobility Benzinga Jim Farley F STLA GM US37045V1008 Stories That Matter General US88160R1014 Elon Musk RIVN News Pooja Rajkumari

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-25 @ 10:43:19 (18 hours ago)

News Timezone: GMT +8:00

News Source URL: benzinga.com

Language: English

Article Length: 346 words

Reading Time: 2 minutes read

Sentences: 18 lines

Sentence Length: 20 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Benzinga

News ID: 21771758

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