One of the world’s largest insurance companies seemingly ended its coverage of the Tesla Inc TSLA Cybertruck, before a clarification averted tensions between two of the most valuable companies run by two of the richest people. What Happened: According to a report from Torque News, Geico dropped the Tesla Cybertruck from its coverage. Geico is…
Meta Platforms, Inc. META has been the second best-performing Magnificent 7 stock this year after artificial intelligence stalwart Nvidia Corp. NVDA. The stock rally has nudged its co-founder and CEO, Mark Zuckerberg, to be higher on the list of the world’s wealthiest people. Zuckerberg Pips Past Bezos: Bloomberg’s updated billionaire list shows Zuckerberg rising in rank and becoming…
Tesla Inc TSLA analysts and experts highlighted the importance of the company’s third-quarter deliveries, while they also pointed to other October catalysts that include full quarterly financial results and the company’s highly anticipated Robotaxi Day on Oct. 10. What Happened: Tesla reported third-quarter deliveries of 462,890 vehicles, up 6.4% year-over-year and up 4.3% quarter-over-quarter. The…
Electric vehicle stocks finished the week ended Sept. 20 on a mixed note despite the positive performance by the broader market. Tesla, Inc. TSLA rose to its highest level since late July amid some positive catalysts. Here’s a rundown on what happened in the EV space during the week: Tesla China, Europe Sales: China weekly…
Shares of Tesla Inc TSLA are down 1.91% to $239.38 Friday afternoon, reversing gains from Thursday’s trading session, amid this week’s unexpected 50-basis-point interest rate cut by the Federal Reserve and overall market weakness. The decline comes as broader concerns about economic growth and demand pressures begin to weigh on the electric vehicle (EV) maker’s…
The U.S. stock market had a mixed close on Tuesday. The Dow Jones slipped slightly by 0.4%, finishing at 41,606.18. Meanwhile, the S&P 500 edged up 0.03% to 5,634.58, and the Nasdaq gained 0.2%, closing at 17,628.06. Investors are now keenly awaiting the Federal Reserve’s meeting scheduled for Wednesday, where a cut in interest rates…
EV giant Tesla Inc TSLA has made its 100 millionth 4680 cell to be used inside its Cybertruck vehicle, the company said on Saturday. What Happened: The company announced the milestone on the social media platform X. “Produced our 100 millionth 4680 cell across all our factories!,” the company wrote, with an adjoining image of…