Latest news with #Tesla-focused
Business Upturn
11 hours ago
- Automotive
- Business Upturn
Unplugged Performance to Showcase Tesla Builds at Electrify Expo – North America's Largest EV Festival
LOS ANGELES, June 20, 2025 (GLOBE NEWSWIRE) — Unplugged Performance, the world leader in Tesla-focused performance upgrades, is headed to Electrify Expo, North America's premier electric vehicle lifestyle event. Taking place this weekend June 21st & 22nd, Electrify Expo invites EV enthusiasts, media, and families for an immersive look at the future of electrification. Unplugged Performance will be displaying four of its latest builds at the show, each with upgrades tailored for parts performance, durability, and everyday driving. Advertisement Tesla Model 3 Performance 'Red Rocket' Track Build Built to dominate the track and the streets, car features our: UP Race Pro Coilovers with Adaptive Canceller UP Carbon Fiber Front Aero Kit + Rear Dual Spoiler and Wing Set Up + Rear Spats and Diffuser 18×10.9 UP-03 Forged Wheels Yokohama ADVAN A052 295/35R18 Tires Satin Red 2026 Tesla Model Y Off-Road/Street Build Adventure-ready, this MY build includes our: UP 35mm Leveling Lift Kit Off-Road Spec 18″ UP-05 Forged Wheels Off-Road Sway Bar + End Links Yokohama GEOLANDAR Tires UP INVINCIBLE® Cybertruck Street Build The ultimate Tesla Cybertruck to take on anything on earth and beyond with: HD Front & Rear Bumpers, Bull Bar, Rock Sliders Carbon Fiber Hood w/ 50' LED Light Bar Side Sail Panel MOLLE Rack System 22' CYBRHEX Forged Wheels Yokohama GEOLANDAR Tires Quicksilver 2026 Tesla Model Y Off-Road/Street Build Ready for the streets, this MY build includes our: 22' UP Forged CYBRHEX Wheels Moderate option Dual Rate Lowering Springs Yokohama Parada Spex-X Tires Learn more about our products at Media Contact: Bryan Benitez [email protected] Photos accompanying this announcement are available at: Disclaimer: The above press release comes to you under an arrangement with GlobeNewswire. Business Upturn takes no editorial responsibility for the same.
Yahoo
06-06-2025
- Business
- Yahoo
Traders Buy the Dip in TSLL as Tesla Stock Tanks
Shares of Tesla Inc. (TSLA) plunged 14% on Thursday in a brutal session that sent shockwaves through the leveraged Tesla ETF universe. The Direxion Daily TSLA Bull 2X Shares (TSLL) dropped a whopping 28.5% during the session, its second-worst day ever. You might expect investors to flee after a wipeout like that, but instead, they piled in. A combined $140 million flowed into the 18 U.S.-listed Tesla-focused ETFs on Thursday. Nearly all of that went into TSLL, which hauled in $142 million despite its double-digit drop. The surge in assets suggests dip-buyers are doubling down on the long side, betting on a rebound in Tesla shares. TSLL has now seen a whopping $3.1 billion in inflows year to date, bringing its total assets to just over $4 billion. That's down from a peak of more than $7 billion in May, reflecting steep price losses. So far this year, TSLL is down 60%, more than double Tesla's 25% decline. Far behind in Thursday's inflows tally was the YieldMax TSLA Option Income ETF (TSLY), which pulled in $6 million. That brought its year-to-date inflows to $514 million and pushed its total assets to $950 million, making it the second-largest Tesla ETF in the U.S. TSLY sells covered calls on Tesla stock to generate income, trading upside potential for monthly yield. While that strategy cushions some downside, the ETF is still heavily exposed to Tesla's share price. Year to date, the fund is down 21%, a bit better than Tesla's 25% slide. Interestingly, the big winner on Thursday—the Tradr 2X Short TSLA Daily ETF (TSLQ), which gained nearly 29%—lost assets. Investors pulled $2.5 million from the bearish fund, suggesting traders weren't eager to press short bets after the drop. Still, TSLQ has taken in $255 million so far this year and now manages around $480 million, making it the third-largest Tesla-focused | © Copyright 2025 All rights reserved Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
02-04-2025
- Automotive
- Yahoo
One of Elon Musk's biggest fans calls Tesla's sales 'brutal' and the worst he's ever seen
Tesla fans and investors reacted to the company's declining sales numbers. One prominent Tesla fan, Omar Qazi, initially called the carmaker's first-quarter sales numbers "brutal" before later softening his stance. Tesla bull Dan Ives called the report "a disaster on every metric." It's not just Wall Street analysts and investors who reacted with shock at how bad Tesla's quarterly sales were. Tesla's online fans processed the sales whiff in real time on social media on Wednesday. Omar Qazi, better known by his online handle @WholeMarsBlog, is one of Elon Musk's most visible supporters online and frequently interacts with the billionaire on X. "Brutal," wrote Qazi, who hosts a Tesla-focused podcast called "The Gigacast" with two other Tesla fans. "I think these are the worst quarterly production & delivery numbers I've ever seen for Tesla," he added. Qazi said that he "didn't see anyone projecting numbers lower than what we actually saw," and said in a later post that it "looks like Tesla sales may not" return to growth this year like the company projected in January. Tesla reported delivery numbers of just under 336,700 EVs for the first quarter on Wednesday, coming in well below analysts' expectations of about 390,300 deliveries. The numbers marked a 13% year-over-year decrease in sales and Tesla's worst quarterly deliveries since 2022. Qazi attributed Tesla's delivery decline to the Model Y production loss — which the company also highlighted in its report — and appeared to disagree that Tesla's numbers had been negatively impacted by brand damage or anti-Musk sentiment. "Did brand damage cause production to decline by 97,000 units sequentially? Or was that downtime in four factories on their best selling product," Qazi wrote in response to a post from analyst Gene Munster saying brand damage had cost Tesla 80,000 deliveries. Meanwhile, Tesla bull Dan Ives partly blamed the sales decline on Musk's impact on the brand. Ives wrote in a post on X in addition to refresh issues, Tesla is grappling with a "brand crisis." "We knew 1Q Tesla deliveries would be soft but these numbers were bad," Ives wrote. "We are not going to look at these numbers with rose colored were a disaster on every metric. Refresh issues but brand crisis key. The time has come for in the road moment for Tesla." Longtime investor Ross Gerber, who recently changed his stance to bearish, said on X that "the brand is broken and may not be fixable," and added in a later post that "Tesla needs a real CEO." Tesla has been mired in political backlash since Musk took on a role with DOGE. The carmaker has been the target of a boycott and protest movement calling for Tesla owners to sell their vehicles and stock. There have also been widespread vandalism incidents, some going as far as involving arson and gunfire. While Qazi seemed to disagree that backlash over Musk has damaged Tesla's brand, he echoed the sentiment that the stakes are high for Tesla at the moment — and the company needs to find a way to return to growth in its car business. "If Tesla can't grow sales in 2025 with their best set of products ever, that is an epic marketing failure," Qazi added in a post on X about Tesla's upcoming robotaxi service launch, which Musk has said to expect in June. Tesla did not respond to a request for comment. While Tesla shares dipped about 4% following the results, the stock rebounded over 5% after Politico reported that President Donald Trump has told his inner circle that Musk would be leaving his role in DOGE in the coming weeks. (White House Press Secretary Karoline Leavitt pushed back on the story in a post on X and said that Musk wouldn't be departing until his work is complete.) "Epic trading for me. love this," Qazi posted alongside a screenshot of Tesla's stock increase. Qazi, who did not immediately respond to a request for comment, appeared to soften his stance on the sales report in the hours after BI reached out. "Actually Tesla deliveries don't look that bad when you dig in a little bit," Qazi wrote on X. "Tesla appears to have sold pretty much everything they could make in Q1."Read the original article on Business Insider Sign in to access your portfolio
