Tesla Financial News

As Apple announces the cancellation of the Apple Car project, Solana meme coin traders have become bullish on a new TESLA token, with excitement in the crypto market fuelling a 500x pump for TESLA price in less than a day.

Bernstein analysts explored the notable difference in product launch strategies between Tesla (NASDAQ:TSLA) and BYD (OTC:BYDDF).

BEIJING (Reuters) — China's leading electric vehicle (EV) maker BYD (SZ:002594) on Monday launched a new version of its best-selling car at a price lower than the final price of its discontinued predecessor, as a price war rages in the world's largest automobile market.

Environmental activists are staging a protest in a forest near Berlin against plans to expand the grounds of electric car maker Tesla’s first plant in Europe and are vowing to stay in place for weeks

The lawyers who successfully argued that a massive pay package for Tesla CEO Elon Musk was illegal and should be voided are asking the presiding judge to award company stock worth $5.6 billion as legal fees

Goldman Sachs, which coined the term BRICS, has come up with monikers for stocks driving stock market rallies in Europe and Japan, alongside the US' 'Magnificent Seven' — Apple, Microsoft, Alphabet, Amazon, Tesla, Meta and Nvidia. European 'Granolas' — GSK, Roche, ASML, Nestle, Novartis, Novo Nordisk, L'Oreal, LVMH, AstraZeneca, SAP and Sanofi — are a more diversified grouping than the US tech constellation. Yet, the 11 companies are still tightly packed around lifestyle, with the occasional presence of software.

Elon Musk's $56 billion compensation as excessive are seeking a record legal fee worth $6 billion, payable in the electric car maker's stock, according to a Friday court filing. «We recognise that the requested fee is unprecedented in terms of absolute size,» said the filing with the Court of Chancery in Delaware by the three law firms. The fee works out to an hourly rate of $288,888, according to the court filing. The fee will be paid by Tesla to attorneys who represented Richard Tornetta, a Tesla shareholder who sued Musk in 2018 over the pay package, which a Delaware judge nixed in January. The electric vehicle maker is being asked to pay the fee because it benefited from the return of Musk's pay package, which the legal team said will result in the return to the carmaker of 266 million shares.

Musk’s executive compensation award – the largest ever given to a corporate titan – filed the request Friday in Delaware state court. The attorneys for shareholder Richard Tornetta argued in a court filing they deserve more than 29 million Tesla shares. They explained why they prefer stock to cash.

Project Titan, which reportedly spanned over a decade, initially aimed to rival Tesla's dominance in the electric vehicle market. There were even speculations about Apple considering the acquisition of Tesla, engaging in talks with the maverick entrepreneur Elon Musk. The project later shifted gears to explore self-driving car technology, only to revert to its original focus on developing an electric vehicle.

With PSU stocks rallying non-stop amid heavy buying by retail investors, Anish Tawakley, Deputy CIO – Equity, ICICI Prudential AMC, says his team has turned cautious on the PSU space since the start of 2024 due to valuation concerns and have been gradually trimming PSU holdings. “Over the past three years, PSUs have moved from being one of the cheapest segments in the market to a situation where some of the PSUs are today overvalued. This has been largely possible owing to the good work done by the PSU managements coupled with the way the government has ensured that these companies worked in the interest of the shareholders,” Tawakley says. Edited excerpts from a chat with the fund manager: ICICI Prudential Business Cycle Fund has outperformed in the last 3 years by nearly doubling money. These 3 years have been very interesting because many cycles came and went. How did you manage to thrive in the shifting cyclical landscape? Anish Tawakley: Three years back the economy had spare capacity and was experiencing weak demand.

Japan birth rate hit record low levels amid depopulation fears, Elon Musk reacts U.S. District Judge Charles Breyer was skeptical that when the nonprofit entered the standard user contract governing all Twitter and X users, it could have foreseen that Musk would buy Twitter for $44 billion in 2022 and welcome back users it had banned for posting hateful content. "You're telling me ...

By Carolina Mandl

Owners of Ford electric vehicles can now use much of Tesla’s charging network in the U.S. and Canada, but there’s a hitch

By David Shepardson

By Dan Levine and Kristina Cooke

(Updated — February 28, 2024 11:08 AM EST)

By Marie Mannes

Investing.com -- U.S. stock futures tick down on Wednesday ahead of crucial economic data releases this week. Salesforce (NYSE:CRM) is expected to post record quarterly revenue, while analysts are eager to measure the success of an artificial intelligence push at the software group's data cloud division. Elon Musk says Tesla has finished the production design of its new Roadster, adding that the electric vehicle giant hopes to start shipping the car in 2025.

The news that Apple has shelved its autonomous car plan–Project Titan–has sent ripples across technology and automotive industries. The company has pumped untold resources into Titan for almost a decade. It is now apparently relocating some personnel in the Titan team to artificial intelligence research and development and probably letting the others go.

Options on artificial intelligence darling Nvidia accounted for 25 cents of every dollar of premium — the price of contracts — traded in US single-stock options over the past month, nearly $3 billion in options premium traded in the chipmaker's options every day on average, a Reuters analysis of Trade Alert data showed. During several recent sessions, Nvidia surpassed Tesla as the option market's most heavily traded name for the day.

By Saqib Iqbal Ahmed