56m agoWed 23 Jul 2025 at 9:35pmMarket snapshotASX 200 futures: -0.3% to 8,721 pointsAustralian dollar: flat at 65.99 US centsS&P 500: +0.8% to 6,358 pointsNasdaq: +0.6% to 21,020 pointsFTSE: +0.4% to 9,061 pointsEuroStoxx 600: +1.1% to 550 pointsSpot gold: -1.3% to $US3,387\/ounceBrent crude: +0.1% to $US68.67\/barrelIron ore: +0.2% to $US100.00\/tonneBitcoin: -0.3% to $US117,707<\/p>\n
Prices current around 7:30am AEST.<\/p>\n
Live updates on the major ASX indices:<\/p>\n
9m agoWed 23 Jul 2025 at 10:22pmTesla says production on affordable model to ramp up later this year<\/p>\n
When delivering its quarterly results this morning, Tesla has confirmed that it has built initial versions of an affordable car, which analysts expect could help the company stem the steep decline in sales its seen globally.<\/p>\n
The electric vehicle maker said it expects volume production of the long-promised cheaper vehicle in the second half of this year, raising hopes it will rekindle demand as it battles rising competition from cheaper EVs, especially in China, and a persistent backlash against boss Elon Musk’s political views<\/a>.<\/p>\n Tesla chief financial officer Vaibhav Taneja said on a call with investors that production of the cheaper car would ramp up next quarter, slower than initially expected, and the company did not provide an update on its full-year deliveries forecast. <\/p>\n “Tesla’s disappointing results aren’t surprising given the rocky road it’s travelled recently,” said Emarketer analyst Jacob Bourne.<\/p>\n \u00a0“A truly affordable model will hit the bullseye in terms of boosting sales if Tesla can effectively position it right without detracting from its higher-priced models.”<\/p>\n Reporting with Reuters<\/p>\n 21m agoWed 23 Jul 2025 at 10:10pmTesla share price falls 2 per cent in after-hours trade<\/p>\n As Elon Musk and Tesla’s chief financial officer have been addressing investors, we’ve seen the company’s share price decline in extended trading, losing around 2 per cent.<\/p>\n 29m agoWed 23 Jul 2025 at 10:02pm<\/p>\n Elon Musk talking about Tesla’s Optimus robot<\/p>\n Elon Musk has been asked about the company’s humanoid robot Optimus.<\/p>\n He says he’s much more confident predicting five years ahead, versus the next year or two.<\/p>\n He forecasts that Tesla will be producing 100,000 Optimus bots a month in five years’ time.<\/p>\n 38m agoWed 23 Jul 2025 at 9:54pm<\/p>\n Impact of tariffs ‘unpredictable’: Tesla CFO<\/p>\n Tesla chief financial officer Vaibhav Taneja is speaking now.<\/p>\n He’s calling out the uncertainty Donald Trump’s tariffs and “Big Beautiful Bill” have\u00a0created for the company.<\/p>\n “We are in an unpredictable environment on the tariff front,” he said.<\/p>\n “We are seeing customers willing to accept some of the impact from tariffs,” Mr Taneja noted, referring to its energy business.<\/p>\n 43m agoWed 23 Jul 2025 at 9:48pmTesla’s Musk says naysayers have “egg on their face”<\/p>\n Tesla boss Elon Musk\u00a0is currently speaking at the company’s second quarter results briefing.<\/p>\n “So far 2025 has been a very exciting year,” he said, saying there’d been “demonstrable” progress on autonomous vehicles.<\/p>\n “Doesn’t mean we’re always on time but we get it done\u2026 naysayers are sitting there with egg on their face.”<\/p>\n “I think Tesla has a shot at being the most valuable company in the world,” he added.<\/p>\n It comes after the electrical vehicle maker posted a 12 per cent fall in quarterly revenue, the steepest decline in more than a decade.<\/p>\n 50m agoWed 23 Jul 2025 at 9:41pmTariff deal hopes buoy global stocks<\/p>\n
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ASX 200 futures: -0.3% to 8,721 pointsAustralian dollar: flat at 65.99 US centsS&P 500: +0.8% to 6,358 pointsNasdaq: +0.6% to 21,020 pointsFTSE: +0.4% to 9,061 pointsEuroStoxx 600: +1.1% to 550 pointsSpot gold: -1.3% to $US3,387\/ounceBrent crude: +0.1% to $US68.67\/barrelIron ore: +0.2% to $US100.00\/tonneBitcoin: -0.3% to $US117,707<\/p>\n