Tesla Financial News

Investing.com — The Dow closed higher Monday, as investors bought the early-day weakness after weighing up a more cautious tone rate hike from Federal Reserve officials and rising geopolitical tensions amid fears the Israel-Hamas conflict.  

Investing.com — The S&P 500 climbed Monday, after cutting losses despite rising geopolitical tensions amid fears the Israel-Hamas conflict could spark a wider war in the Middle East.  

By Chris Prentice

By Victoria Waldersee

By Louis Juricic and Sarina Isaacs

By Tom Hals

Check out the companies making headlines in midday trading.

Investing.com — U.S. stocks were rising, erasing earlier losses after a stronger than expected jobs report for September.

Elon Musk, the world's richest man, is being sued by the U.S. Securities and Exchange Commission, which is trying to compel him to testify as part of a probe into his $44 billion takeover of social media giant Twitter, a Thursday court filing showed. The investigation, which escalates a long-running feud between the SEC and Musk, concerns whether Musk broke federal securities laws in 2022 when he bought stock in Twitter, which Musk renamed X, as well as statements and SEC filings he made in relation to the deal.

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basic Model 3 is now $38,990, which is $1,250 less than before. The long-range version of the Model 3 is also discounted by $1,250, making it $45,990, as per the wire agency. Tesla has made price cuts on some of its car models in the United States.

(Reuters) -Elon Musk-led Tesla (NASDAQ:TSLA) on Thursday cut prices of its Model 3 and Model Y vehicles in the U.S. in a range of 2.65% to 4.23%, according to the electric vehicle (EV) maker's website.

Elon Musk has called for a “comprehensive overhaul” of the United States Securities and Exchange Commission hours after the regulator sued Musk alleging he failed to testify in its probe relating to his $44 billion Twitter (now X) purchase last October.

(Reuters) -Elon Musk, the world's richest man, is under investigation by the U.S. Securities and Exchange Commission over his $44 billion takeover of social media giant Twitter, according to a Thursday court filing in which the agency sought to compel Musk to testify.

Tesla engineer in court on Wednesday rejected a lawyer's suggestion that the company named its driver-assistant feature «Full Self-Driving» because it wanted people to believe that its systems had more abilities than was really the case. The electric vehicle maker is defending itself at the first US trial over allegations that Tesla's Autopilot feature led to a death. The lawsuit, filed in a California state court, alleges the Autopilot system caused owner Micah Lee's Model 3 to suddenly veer off a highway east of Los Angeles at 65 miles per hour (105 kph), strike a palm tree and burst into flames, all in the span of seconds.

Ozempic, Mounjaro and Wegovy, the revolutionary new drugs for weight loss used by the likes of Tesla CEO Elon Musk and Hollywood stars, have become all the rage among the country’s swish set, too. According to doctors and fitness experts, queries come in every other day from (well-heeled) patients, asking whether they can take the expensive, injectable drugs to shed those stubborn kilos. “It’s coming up in conversations everywhere. Patients ask me about it all the time,” says Ambrish Mithal, chairman and head of endocrinology, Max Healthcare. There are a lot of people interested in taking Ozempic because “the weight loss is so dramatic”, says Kiran Sethi, medical director, Isya Aesthetics.

Hyundai and Kia say they're adopting North American Charging Standard ports for their electric vehicles in the U.S. and Canada, which will give the vehicles access to thousands of Tesla Superchargers across the two countries and Mexico

Hyundai announced its plans to adopt Tesla's electric vehicle (EV) charging standards. This strategic decision positions Hyundai alongside other automotive giants such as Ford, General Motors, Honda, and Polestar, all seeking to provide their drivers access to Tesla's rapidly expanding supercharger network as the electric vehicle competition intensifies.

Tesla Inc., this was supposed to be the year that traditional automakers finally put up a fight for electric cars. General Motors was committing its biggest brands to a new line of electric models; Ford and Volkswagen were ramping up production of EVs designed for the masses. It was, many predicted, time for the automotive world order to re-assert itself. Things haven’t turned out that way.

By Phuong Nguyen and Chavi Mehta

Lucid Group on Thursday launched a cheaper, rear-wheel drive version of the Air Pure sedan starting at $77,400, as it looks to stoke demand. Higher borrowing costs have hit sales of electric vehicles over the last few quarters, while a price war unleashed by Tesla has hurt the ability of smaller EV makers such as Lucid and Rivian Automotive to grab market share. The new Lucid model, however, is more expensive than the world's most valuable automaker Tesla's Model S luxury sedan, which starts at about $75,000. The cheaper electric sedan will offer a range of 410 miles on a full charge and will be available immediately, Lucid said. Its most expensive offering, Air Sapphire, which is also its fastest car, is priced at $249,000. The company, which is backed by Saudi Arabia's Public Investment Fund, had cut prices of its Air luxury sedans by as much as $12,400 in August even as it burns cash and posts bigger losses in its race to keep up with Tesla. Lucid had reported second-quarter revenue of $150.9 million.