Electric vehicle company Tesla Inc (NASDAQ:TSLA) reported third-quarter financial results after market close Wednesday. Here are the key highlights. What Happened: Tesla reported third-quarter revenue of $28.095 billion, up 12% year-over-year. The revenue total beat a Street consensus estimate of $26.239 billion according to data from Benzinga Pro. This marked the first revenue beat compared…
A fresh wave of trade tension between the U.S. and China rocked Wall Street on midday Wednesday after President Donald Trump hinted at sweeping restrictions on technology exports powered by American software, sending tech stocks into a sudden tailspin. • CRWV is taking a hit from negative sentiment. See the full breakdown here. According to…
President Donald Trump‘s latest warning to “terminate business with China having to do with cooking oil, and other elements of trade” may sound narrow, but markets know better — food is politics, and politics moves capital. By calling China’s soybean snub an “Economically Hostile Act,” investors are starting to eye a repeat of 2018’s tariff…
Tesla, Inc. (NASDAQ:TSLA) and other automakers are grappling with what could be a sharp disruption to the EV market after federal subsidies that had helped sustain demand have expired. Executives warn that the removal of these incentives could trigger a sudden decline in sales, posing a significant challenge for companies that have invested billions in…
Shares of Snap Inc. SNAP are trading higher Thursday. The stock is in a strong uptrend. Some analysts attribute the move to the company’s announcement of its new fifth-generation Spectacles and operating system, Snap OS 2.0. ‘Gaps tend to refill’ is an old Wall Street expression, and it’s true. This means that Snap may continue to…
Electric vehicle developer Faraday Future Intelligent Electric FFAI stock traded lower on Monday after it issued its 15th weekly business update from founder and Global co-CEO YT Jia on Sunday. The company will unveil on Aug. 16 at Pebble Beach its upgraded dual-flywheel, dual-bridge Eco Strategy to drive capital returns, cash flow, net asset value,…