Tesla Financial News

Attorneys for Elon Musk and Tesla’s corporate directors are asking a Delaware judge to vacate her ruling requiring the company to rescind a massive pay package for Musk

Nasdaq Composite index fell 2.2% on Friday, putting it on track to confirm it is in a correction following concerns about pricey Big Tech valuations and a cooling economy. Hit by softer-than-expected job reports and disappointing forecasts from Amazon and Intel, the Nadsaq's latest decline leaves it down 10.2% from its record high close of 18,647.45 points on July 10.

Tata Motors on Thursday said its British arm Jaguar Land Rover has no plans at present to leverage India's new electric vehicle policy that offers import duty concessions to firms setting up manufacturing units in the country, as it is not suitable for the company. In March this year, the government announced the new electric vehicle policy to attract major global players like Tesla, allowing them to import a limited number of cars at lower customs/import duty of 15 per cent on vehicles costing USD 35,000 and above for a period of five years from the date of issuance of the approval letter by the government. «At this point in time that specific policy is not something that is suitable for us. So, we don't intend to leverage it at this point in time,» Tata Motors Group CFO PB Balaji said at the earnings conference.

Japanese automakers Nissan and Honda say they plan to share components for electric vehicles like batteries and jointly research software for autonomous driving

U.S. road safety investigators say they will look into an April crash near Seattle after authorities determined that a Tesla was operating on the company’s “Full Self-Driving” system when it hit and killed a motorcyclist

Nicolas Maduro of committing a “major election fraud,” and labeling him a “dictator”, billionaire businessman Elon Musk has accepted his challenge to fight him on X. He also predicted that the Latin American leader will “chicken out” of the fight. Earlier, the reelected president of the oil-rich country said that the social media creates a virtual reality. He called the Tesla CEO his «new archenemy» and challenged him to fight him on television. Maduro said, “Do you want to fight? Let’s do it. Elon Musk, I’m ready. I’m not afraid of you, Elon Musk. Let’s fight, wherever you want.”

Authorities in Washington have determined that a Tesla that hit and killed a motorcyclist near Seattle in April was operating on the company’s “Full Self Driving” system

Read this | Developed economies lead the global race to ease monetary policy, for now The uncertainty isn't limited to Asia; multiple factors are making it difficult for US equity investors to find short-term relief. “Second quarter earnings season continued to deliver mixed results, highlighted by disappointing numbers for two of the Magnificent Seven stocks, Tesla and Alphabet (the parent of Google)," said SairaMalik, chief investment officer, Nuveen. Their underwhelming performance has prompted a negative reaction on Wall Street, suggesting that the benefits from artificial intelligence (AI) may already be factored into technology stocks.

Tesla is recalling more than 1.8 million vehicles because of a hood issue that could increase the risk of a crash

Electric vehicles cost more to buy than gasoline cars, and they may lose value more quickly. Even for people eager to own a car with no tailpipe emissions, it's reasonable to wonder whether it makes sense to buy one now.

Asian stocks opened lower amid speculation investors are trimming some of their holdings before a rush of events in coming days including major central bank decisions, key economic data and earnings from US megacap companies. Equities slipped in Japan and Australia in early trading, while futures signaled a decline in Hong Kong. US stock futures edged lower in Asia hours following a rotation in the American shares that drove the Nasdaq 100 to the brink of a correction. The S&P 500 closed little changed and small caps slipped.

Elon Musk unveiled his audacious aspirations for the company's future during Tesla's second quarter earnings call in 2024. Musk maintained his optimism while outlining numerous important projects, even after the revelation caused a 45% drop in net income and a 10% drop in the price of Tesla's stock. These six statements are arranged according to how likely they are to come true in 2019, as per the reports of Yahoo finance.

investors are bracing for earnings from the market's biggest tech companies, a Federal Reserve policy meeting and closely watched employment data in a week that could determine the near-term trajectory of U.S. stocks following a bout of severe turbulence. A months-long rally in massive tech stocks hit a wall in the second half of July, culminating in a selloff that saw the S&P 500 and Nasdaq Composite Index notch their biggest one-day losses since 2022 on Wednesday after disappointing earnings from Tesla and Google-parent Alphabet.

The so-called Magnificent 7, save Tesla, have lived up to their billing so far this year, showing that despite all this talk of market rotation, mega-cap tech stocks are not giving up the mantle of market leadership so easily.

Investors are punishing automakers’ stocks this week after second-quarter earnings reports exposed industrywide issues of slowing sales and high prices

Vivian Jenna Wilson, Elon Musk's estranged daughter, has publicly refuted her father's recent comments about her childhood and transition. Wilson accused Musk of fabricating stories about her and seeking attention through his controversial statements.

Mint takes a look at the implications: The tech-heavy Nasdaq index nosedived 3.6% on July 24—its biggest single-day fall since October 2022, wiping off an astounding $1 trillion in investor wealth. The laggards included the top guns of the AI sector, such as Nvidia Corp, Broadcom and Arm Holdings. The broader S&P 500 index too could not escape the contagion, slumping 2.3% in its worst showing since December 2022.

semiconductor firms less exposed to AI chips slumped on Thursday as falling demand from their key automotive and industrial clients hit business prospects, on top of a wider sector correction.

Masayoshi Son has long prided himself on his ability to detect big shifts in technology early on. During his four decades leading SoftBank, a free-spending Japanese investment group, the billionaire has made some spectacularly successful investments. And some epic flops.

BEIJING – U.S.-listed Chinese electric car companies are spending more on research as a ratio to sales than Tesla, according to CNBC analysis of the four automakers' first-quarter earnings.

Asian shares have dropped morning trading, with Tokyo’s benchmark losing more than 1,000 points at one point, as pessimism set in over the Wall Street nose-dive