(Bloomberg) — Tesla Inc.’s stock is in a freefall. Its sales are plunging around the world. Even its most avid Wall Street bulls are turning cautious. But one group is buying the electric-vehicle maker’s shares like never before: CEO Elon Musk’s fans. Most Read from Bloomberg The company has long had an ardent fan base…
Elon Musk, the world’s richest person, lost billions of his net worth after the shares of his Electric Vehicle (EV) giant Tesla Inc, fell over 15% due to concerns of slowing sales. Federal employees face a midnight deadline to comply with Elon Musk’s second demand for reports on their recent accomplishments(AP) Musk’s net worth as…
(Bloomberg) — As a post-election rally in the shares of electric-vehicle maker Tesla Inc. (TSLA) rapidly unwinds, some market watchers are spotting a lucrative trading opportunity. Most Read from Bloomberg The premise is simple. Despite the recent rout, Tesla shares are still the most expensive next to expected profits among mega-cap technology firms, suggesting further…
STORY: U.S. stocks ended higher on Thursday as investors digested a stack of key earnings reports, including from megacap tech companies. The Dow gained almost four-tenths of a percent, the S&P 500 added more than half a percent and the Nasdaq climbed a quarter of a percent. Shares of Apple ended lower and dropped further…
Tesla stock (TSLA) pushed higher on Tuesday morning, hitting a record high and adding to monster end-of-year gains as another Wall Street analyst says there’s more room to run. Tesla shares jumped over 2% in early trading, topping $470 per share for the first time. The stock is up nearly 19% in the past five…
Tesla’s (TSLA) end-of-year rampage rolled on Monday, with shares hitting another new high based on optimism for Tesla’s “autonomous opportunity” and the Trump factor. Tesla shares jumped over 6%, closing over $463 per share. The stock is up a whopping 18% in the past five days, reflecting positive news reports regarding Tesla’s — and CEO…
US auto stocks including Tesla, Rivian and General Motors fell on Thursday after a report said that President-elect Donald Trump planned to end the consumer tax credit for electric vehicles. Donald Trump’s transition team is planning to kill the $7,500 consumer tax credit for electric-vehicle purchases as part of broader tax-reform legislation, Reuters reported, citing…
Tesla (TSLA) stock declined as much as 4% on Thursday following a massive post-election surge from the “Trump trade” favorite. The electric vehicle maker’s stock started showing signs of overextension earlier this week after reaching a peak of $350. The stock had been on a tear in the days following Donald Trump’s election victory on…
(Bloomberg) — Tesla Inc.’s blowout earnings caught everyone off guard. Most Read from Bloomberg But it was the bears who paid the price this week. The electric-vehicle maker’s results delivered a gut-punch to short-sellers — investors who make money by betting that a security will fall over a certain period of time — when they…
JPMorgan (JPM) and Wells Fargo (WFC) kick off earnings season in earnest. Tesla shares tumble with investors left wanting more after Elon Musk unveiled the long-awaited Cybercab along with a demo of the new Robovan and Optimus robots. The Producer Price Index (PPI) print offers investors fresh economic data after a hotter-than-expected Consumer Price Index…