Tesla Financial News

Big Tech stocks pulled Wall Street down to its worst day in three weeks

FRANKFURT (Reuters) -German police believe a letter by a far-left group claiming responsibility for an arson attack that forced Tesla (NASDAQ:TSLA)'s European Gigafactory to shut down is authentic, a spokesperson for police in the state of Brandenburg said on Wednesday.

(Reuters) — U.S. stock index futures rose on Wednesday as investors await testimony by Federal Reserve Chair Jerome Powell before Congress that could help determine the central bank's monetary policy path.

Vamsi Gaddam has emerged a pioneer in India's sustainable construction industry, leaving a lasting impression on Visaka Industries Ltd, one of India’s leading construction companies. With a background that traces back to his role as a Management Trainee in 2011, Gaddam swiftly ascended the ranks, culminating in his current position as Joint Managing Director of the 40-year-old, ₹1600 cr.

Monterrey, Mexico Outside this city, 150 miles south of the Texas border and in the shadow of the Sierra de Santa Catarina, is a cactus-dotted field. If all goes well, this unassuming site will be home to Tesla’s Giga Mexico, which could become the world’s largest electric-vehicle factory. The project promises thousands of jobs and as much as $15 billion in investment from Tesla and its suppliers.

jobs with an investment of ₹1,520.69 crore in companies boasting a turnover of ₹5 crore, India Today reported. Also Read | Credit Card Fraud: American Express blames third-party vendor for data breach, says report It added that despite a reported investment of ₹1,520.69 crore by the state government, the outcome yielded less than 6,000 new jobs in Kerala during the specified period.

Tesla turn the tap off." Referring to the possible attackers, Tesla CEO Elon Musk, wrote on X, "These are either the dumbest eco-terrorists on Earth or they're puppets of those who don't have good environmental goals." "Stopping production of electric vehicles, rather than fossil fuel vehicles, ist extrem dumm," he added, using German to say "is extremely stupid", according to Al Jazeera. Meanwhile, the interior minister for Brandenburg, Michael Stuebgen, stated that arson would be "a perfidious attack on our electricity infrastructure" if it is proven, according to Al Jazeera.

By Stella Qiu

Investors have closely monitored electric vehicle (EV) pricing, as recent price cuts by automakers have raised concerns over demand elasticity, profitability, and how these adjustments affect EV affordability and their market share relative to internal combustion engine (ICE) and hybrid vehicles, Goldman Sachs analysts said in a Monday note to clients.

₹41 lakh, going up to ₹53 lakh ex-showroom for an all-wheel drive variant. The Seal has a range of up to 650 km for its top-end rear-wheel drive model.

By Nette Noestlinger and Christoph Steitz

By Tom Hals

Investing.com -- Here are some of the biggest U.S. stock movers prior to the start of New York trading on Tuesday. Please check back later for updates:

Production at a Tesla electric vehicle plant near Berlin came to a standstill and workers were evacuated after a power outage that officials suspect was caused by arson

Investing.com-- Shares of Chinese electric vehicle makers fell on Tuesday, tracking an overnight slide in Tesla Inc (NASDAQ:TSLA) after the world’s most valuable EV firm clocked a sharp sales decline in China. 

Shares of Tesla (NASDAQ:TSLA) are trading around 1.5% lower in pre-market on Tuesday, following a Reuters report the company had to halt production at its Berlin factory, after suspected arson set an electricity pylon on fire in a field close to the cite.

Investing.com -- U.S. stock futures point lower, with labor market data and comments from the top Federal Reserve policymaker looming later in the week. Tesla (NASDAQ:TSLA) shares slump in after hours trading on falling deliveries of its China-made vehicles, while the price of Bitcoin rises to within touching distance of an all-time high.

The S&P 500 finished lower yesterday, dropping by around ten bps and led lower by Apple (NASDAQ:AAPL), Tesla (NASDAQ:TSLA), and Alphabet (NASDAQ:GOOGL).

Digant Haria, Co-Founder, GreenEdge Wealth, says once more details of the merger come out, most of the people would like to be in the passenger vehicles part of the demerged business, the one which is doing well and that has a lot of potential. The CV finance division and the CV division, both will be a part of the same entity. That is something which is very, very cyclical and which has given pain to this company in the past as well. So yes, excitement will be there. But the long term story is still with the passenger vehicle part. What is it that you have made of the Tata Motors demerger and what should investors who own Tata Motors shares now look forward to? Digant Haria: The best part about Tata Motors still remains the success in the domestic premium car market. Electric vehicles are still only a story. And China has already taken a big lead in electric vehicles. Even Tesla is struggling. So the story here still is about passenger vehicles and we all know that commercial vehicles (CVs) are deeply cyclical. So once more details of the merger come out, most of the people would like to be in the passenger vehicles part of the demerged business, the one which is doing well and that has a lot of potential.

Elon Musk is no longer the world’s richest person. Musk lost his position atop the Bloomberg Billionaires Index to Jeff Bezos after shares in Tesla Inc. tumbled 7.2% on Monday. Musk now has a net worth of $197.7 billion; Bezos’ fortune is $200.3 billion.

By Hyunjoo Jin