Tesla stock (TSLA) led gains among the “Magnificent Seven” on Monday, surging nearly 12% amid investor optimism that President Trump’s tariff plans may not be as wide-reaching as previously anticipated. Reports that Trump will hold off on bringing in levies on the auto sector on April 2 eased worries that Tesla’s bottom line would be…
Tesla (TSLA) CEO Elon Musk held an impromptu company all-hands Thursday night, giving an update on the progress of a number of products while also attempting to assuage fears that the CEO is ignoring his post. Tesla stock has been in free fall since the start of the year, with sales slipping in key regions…
Shares of China’s BYD, an automobile manufacturer, soared on Tuesday after the company unveiled a new “Super e-Platform” technology, which it claims can charge electric vehicles (EVs) nearly as fast as filling a gasoline car, within five minutes. The system boasts a peak charging capacity of 1,000 kilowatts (kW), allowing compatible vehicles to gain 400…
Tesla (TSLA) was under pressure again on Tuesday, falling as much as 3.8% in midday trading as a slew of competitors in China announced updates that again signaled competition on the mainland ramping up for the EV giant. Tuesday’s loss follows a 5% drop for Tesla stock to start the week, and shares are now…
Tesla stock (TSLA) is dropping on Monday after a rough few weeks for the automaker. The stock is down more than 6%. Shares of the EV maker dropped 8% last week alone, and have now fallen for eight straight weeks, with the company shedding hundreds of billions in market value. Driving the news today is…
The Tesla logo is displayed at a Tesla dealership in Miami. (AP Photo/Lynne Sladky) Elon Musk replied to a Twitter post on Tesla’s 10 largest shareholders. A Twitter user Rob Schneider, who also happens to be a Tesla shareholder, shared a photo in his post that names 10 biggest shareholders of Tesla. He revealed that…
Elon Musk, CEO of Tesla and SpaceX, saw his net worth drop by $29 billion on Monday i.e. March 10. According to the Bloomberg Billionaire Index, Musk’s total worth stood at $301 billion, a 6.7% fall from $330 billion last week. The drop in the tech billionaire’s net worth was driven by a decline in…
New York, US: Share markets across the globe witnessed sharp losses after a selloff in America, triggered by US President Donald Trump on Monday refusing to rule out the suggestion that his tariffs could trigger a recession in the world’s biggest economy. US bond yields also dropped as investor worries about the potential economic slowdown…
Tesla (TSLA) shipment data out of China is not good, and the latest piece of bad news for the pure EV maker. The China Passenger Car Association (CPCA) reported Tesla’s shipments from China fell to 30,688 in February, plunging 49% compared to a year ago, per Bloomberg News, and down more than half compared to…
It was a rough week for Tesla stock (TSLA). Shares of the EV giant posted a weekly loss of more than 10%, as a third-party report on Friday pointing to a slump in China deliveries sent shares down 3.3% on the week’s final trading day. Tesla’s sales in China fell 11.5% on a year-over-year basis…