Articles in this Cluster
25-07-2025
Tesla is experiencing a challenging period with a second consecutive quarter of declining auto sales, a drop in European market share to 2.8% in June, and the potential loss of revenue from selling EV regulatory credits to traditional carmakers due to the Trump administration's plans to roll back emission standards. Additionally, a $7,500 EV tax credit in the US is set to expire, indirectly raising Tesla's vehicle costs. The company's decision to sell 75% of its bitcoin holdings in 2022 also resulted in a significant loss, as the cryptocurrency's value has since surged. Tesla's shares fell 8% following the sales report.
25-07-2025
Tesla is facing a "triple whammy" as it reported a second consecutive quarter of declining auto sales, its European market share fell for the sixth straight month, and potential regulatory changes under the Trump administration could negatively impact the company. The administration's plans to roll back the U.S.' push for cleaner vehicles, including ending a $7,500 EV tax credit and stopping fines for traditional carmakers missing emission standards, could hurt Tesla's sales and remove a source of revenue. Additionally, Tesla's decision to sell 75% of its bitcoin holdings in 2022 means it missed out on significant gains as the cryptocurrency's value surged. Despite this, Trump stated that his policies weren't targeted at Tesla and that he wants Elon Musk's business to "thrive."
25-07-2025
European stock markets are expected to open lower, with futures tied to major indexes such as the German DAX, Italian FTSE MIB, and French CAC 40 trading 0.2% lower. The day's focus is on earnings reports, with several major companies having already reported, including Michelin, Eni, Traton, Remy Cointreau, and Volkswagen. Michelin's net income dropped 27.8% in the first half of the year, while Eni's second-quarter earnings fell 25% but beat expectations. Volkswagen cut its full-year guidance due to the impact of US tariffs, reporting a 29% drop in second-quarter operating profit. Other companies, such as Puma, warned of losses due to US tariffs, while Remy Cointreau upgraded its outlook after posting 5.7% organic sales growth.
25-07-2025
Volkswagen reported a 29% drop in second-quarter profit to 3.83 billion euros ($4.49 billion) due to high costs from increased U.S. import tariffs, missing analyst expectations. The company lowered its full-year guidance, expecting an operating return on sales of 4-5% and sales in line with last year's level. Volkswagen's sales revenue was 80.8 billion euros, below expectations, and vehicle sales dropped 3% to 80.8 million. Despite challenges, the company saw a 62% rise in orders for all-electric vehicles in the first half of 2025 and ramped up EV sales, particularly in Europe.
