Tesla Inc
Tesla shares climb to record, boosted by 64% pop since Trump election victory
U.S. President-elect Donald Trump and Elon Musk watch the launch of the sixth test flight of the SpaceX Starship rocket in Brownsville, Texas, on Nov. 19, 2024. Brandon Bell | Via Reuters Tesla shares jumped to an all-time high on Wednesday, surpassing their prior record reached in 2021, sparked by a post-election rally and Wall […]
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GM halts funding of robotaxi development by Cruise
A in San Francisco, California, US, on Thursday Aug. 10, 2023. David Paul Morris | Bloomberg | Getty Images General Motors said Tuesday that it will no longer fund robotaxi development work by Cruise citing “capital allocation priorities,” and “the considerable time and resources that would be needed to scale the business, along with an increasingly […]
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Tesla sued by deceased driver’s family over ‘fraudulent misrepresentation’ of Autopilot safety
Tesla Supercharger stations are seen in a parking lot in Austin, Texas, on Sept. 16, 2024. Brandon Bell | Getty Images Tesla is being sued by the family of a driver who died in a 2023 collision, claiming that the company’s “fraudulent misrepresentation” of its Autopilot technology was to blame. The Tesla driver, Genesis Giovanni […]
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The next price to watch on Tesla’s stock chart as the postelection surge looks set to continue
Tesla Inc. (TSLA) has gained roughly 53% since the election, making it the second-best performer in the S & P 500 since that time. The rally has been meaningful from a technical perspective, marking a bullish shift with long-term implications. In June , we highlighted a bullish technical setup for Tesla that supported a counter-trend […]
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Trump is stacking his White House roster with uber-rich backers
U.S. President-elect Donald Trump greets Elon Musk before attending a viewing of the launch of the sixth test flight of the SpaceX Starship rocket, in Brownsville, Texas, U.S., November 19, 2024. Brandon Bell | Via Reuters Donald Trump’s first administration was chock full of super-rich figures whose combined wealth exceeded $5 billion, marking an unprecedented […]
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‘We really like the U.S.,’ Julius Baer portfolio manager says. Here’s where she sees opportunity
At a time when investors are mixed on the U.S. market, one portfolio manager remains optimistic and sees reasons to stay invested. “We really like the U.S.,” Aneka Beneby, portfolio manager at Julius Baer International, told CNBC Pro last month. “Now that the [U.S.] election result is clear and behind us, we can reasonably assume […]
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This is the biggest AI winner two years after ChatGPT’s debut — and it’s not Nvidia
In the two years since the launch of ChatGPT, stocks have soared to new highs, megacaps have ballooned in size and AI chipmaker Nvidia has become the second-largest stock in the U.S. by market value. But the biggest winner has in fact been a little-known Ohio-based cooling technology stock named Vertiv Holdings. Vertiv has benefited […]
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Stocks making the biggest moves midday: Tesla, U.S. Steel, FedEx, AT&T and more
Check out the companies making headlines in midday trading. U.S. Steel — Shares dropped 8.6% Tuesday, the day after President-elect Donald Trump said he would stop Japan’s Nippon Steel from buying the Pittsburgh steelmaker. The deal was first reached in late 2023, but has faced political and labor opposition since. AT & T — The […]
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5 things to know before the stock market opens Tuesday
Here are the most important news items that investors need to start their trading day: 1. New highs A specialist trader works at his post on the floor at the New York Stock Exchange (NYSE) in New York City. Brendan McDermid | Reuters The first trading day of December brought fresh closing records for both […]
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