Tesla Inc
UBS upgrades Tesla to buy, sees more than 50% upside for electric vehicle stock
After a major pullback in Tesla ‘s share price this year, UBS says the stock looks attractive and that the electric vehicle maker’s future looks brighter than ever. UBS said it was “time to be bold” and upgraded Tesla to buy from neutral. The firm reiterated its $1,100 price target on the stock, which implies […]
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Cathie Wood has been buying the dip in Tesla following the EV company’s 40% pullback
Ark Invest’s Cathie Wood has been adding shares of Tesla in her various funds after the electric vehicle maker’s 40% pullback from its record high. The closely followed innovation investor bought at least 50,000 shares of Tesla over the past two weeks for her flagship Ark Innovation ETF , Ark Autonomous Technology and Robotics ETF […]
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Shares of Chinese EV maker BYD jump after exec says company is set to supply batteries to Tesla
This photo from Dec. 2019 shows robotic arms spray painting a car body shell at the BYD Automobile Company Limited Xi’an plant. BYD is set to supply Tesla with batteries “very soon,” a senior company executive told a Chinese state media anchor. Yuan Jingzhi | Visual China Group | Getty Images Shares of electric vehicle […]
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Elon Musk’s Twitter deal threats put new financing on ice, sources say
Elon Musk’s Tweet displayed on a screen and Twitter logo displayed on a phone screen are seen in this illustration photo taken in Krakow, Poland on April 14, 2022. Jakub Porzycki | Nurphoto | Getty Images Elon Musk’s efforts to arrange new financing that will limit his cash contribution to his $44 billion acquisition of […]
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SpaceX CEO Elon Musk says an IPO of Starlink satellite internet business is still ‘3 or 4 years’ away
SpaceX CEO Elon Musk stands at the base of a Starship rocket prototype at the company’s facility in Boca Chica, Texas. Steve Jurvetson on flickr Elon Musk last week told SpaceX employees the company isn’t likely to take its Starlink satellite internet business public until 2025 or later, CNBC has learned, extending the estimated timeline […]
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Texas Attorney General Ken Paxton launches Twitter bots probe after Musk’s public complaints
Texas Attorney General Ken Paxton speaks during a news conference after the U.S. Supreme Court heard oral arguments in President Joe Biden’s bid to rescind a Trump-era immigration policy that forced migrants to stay in Mexico to await U.S. hearings on their asylum claims, in Washington, U.S., April 26, 2022. Elizabeth Frantz | Reuters Texas […]
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5 things to know before the stock market opens Monday
Here are the most important news, trends and analysis that investors need to start their trading day: 1. Stocks set to bounce after Wall Street’s losing week Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, June 3, 2022. Brendan McDermid | Reuters Wall Street was set to […]
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Here’s the email Elon Musk sent all Tesla employees about 10% head count reduction
Tesla Inc CEO Elon Musk attends the World Artificial Intelligence Conference (WAIC) in Shanghai, China August 29, 2019. Aly Song | Reuters Tesla CEO Elon Musk said in an email to all employees at the electric vehicle maker on Friday that the company will cut 10% of salaried workers and will instead rely on more […]
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‘Lots of luck on his trip to the moon’: Biden shrugs off Elon Musk’s economic fears, touts Ford investments
President Joe Biden on Friday brushed off Tesla CEO Elon Musk’s reported “super bad feeling” about the U.S. economy, while praising some of Musk’s competitors for expanding their investments in electric vehicles. Biden then took a dismissive-sounding swipe at Musk, a frequent critic of his administration. “Lots of luck on his trip to the moon,” Biden […]
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Tesla shares dip on Elon Musk’s plans to cut workforce
Elon Musk, during an event at SpaceX headquarters in Hawthorne, California, U.S., on Thursday, Oct. 10, 2019. Bloomberg /Getty Tesla shares dipped about 6% on Friday on news that CEO Elon Musk plans for a hiring freeze and 10% job cuts at his electric vehicle and renewable energy venture. Reuters reported late Thursday on an […]
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