Tesla Financial News

By Ankika Biswas and Shristi Achar A

Investing.com -- U.S. stock futures decline after a spike in Tesla's (NASDAQ:TSLA) shares bolsters equities on Monday, as traders look ahead to the release of major economic data later in the week. Elsewhere, British chip designer Arm will reportedly stop taking orders for its much-anticipated initial public offering a day early due to solid investor demand, while Disney and Charter Communications reach a distribution deal to end a TV blackout that threatened to leave millions of households unable to tune in to the first «Monday Night Football» game of the season.

Elon Musk is unveiled as a complex character in an eagerly-awaited biography by Walter Isaacson, the man renowned for chronicling the lives of Steve Jobs, Albert Einstein and Leonardo da Vinci. Driven by what some describe as a "demonic" zeal, Musk's multifaceted life—from his early struggles with an overbearing father to his recent unorthodox management decisions—gets a closer look. Isaacson's book on Musk has already become a bestseller in the United States, even before its official release.

Nifty up more than 70 points from Monday's close on Nifty Futures and tracking positive global cues. Asian stock markets slid sideways, while the US stock market indices ended higher overnight. On Monday, Nifty and Sensex ended in the green for the sixth day in a row, each one gaining nearly 3%.

By Tom Westbrook

traders waiting on U.S. inflation data to signal that interest rates may have peaked. The yen notched its best day against the dollar in two months overnight, after Bank of Japan Governor Kazuo Ueda said policymakers might have enough economic information by year's end to determine that short-term rates will need to rise. The yuan had its best day in six months after authorities vowed to correct one-way moves and Reuters reported the central bank had stepped up scrutiny of dollar buying. Both, however, remain near their weakest levels of the year and with the yuan at 7.3022 per dollar in offshore trade and the yen last a little off Monday highs at 146.68 per dollar. Japanese government bonds remained under pressure on Tuesday, with 10-year JGB yields up 1 basis point to a fresh high of 0.71%. «The result of Ueda's comments was an intense move higher in Japanese swaps and government bond yields,» said Chris Weston, head of research at brokerage Pepperstone in Melbourne. "(It) is certainly constructive for yen longs.

Investing.com — U.S. stock futures were little changed during Monday night trade after major benchmark averages posted a positive session, led by gains in Tesla Inc (NASDAQ:TSLA) after an upgrade from Morgan Stanley (NYSE:MS) analysts, with participants looking ahead to key inflation data set for release later in the week.

Investing.com — The Dow closed higher Monday, as tesla and big tech combined to ensure stocks started the week on the front foot ahead of Apple's eagerly anticipated iPhone 15 launch due Tuesday and inflation data later this week. 

Tesla chief Elon Musk and his partner Grimes have welcomed their third child. The name of Elon Musk's third child with partner Grimes is Techno Mechanicus aka Tau. In an X post, Grimes declared, «Hey, I wud prefer to not breathe any more life into this current press cycle but I want to de-escalate the narrative atm.» Earlier on September 9, in a New York Times book review of a biography of Musk by Walter Isaacson, the name of the third child was revealed. Now, both the parents have confirmed it separately.

In this article

Tesla rallied 6% on Monday after Morgan Stanley said its Dojo supercomputer could power a near $600 billion surge in the electric-car maker's market value by helping speed up its foray into robotaxis and software services. Tesla, already the world's most valuable automaker, started production of the supercomputer to train artificial intelligence (AI) models for self-driving cars in July and plans to spend more than $1 billion on Dojo through next year. Dojo can open up new addressable markets that «extend well beyond selling vehicles at a fixed price,» Morgan Stanley analysts led by Adam Jonas wrote in a note on Sunday. «If Dojo can help make cars 'see' and 'react,' what other markets could open up? Think of any device at the edge with a camera that makes real-time decisions based on its visual field.» The Wall Street brokerage upgraded Tesla's stock to «overweight» from «equal-weight» and replaced Ferrari's U.S.-listed shares with it as «top pick». Morgan Stanley raised its 12-18 month target on Tesla's shares by 60% to $400 — the highest among Wall Street brokerages, as per LSEG data — which, it estimated, would give the EV maker a market capitalization of about $1.39 trillion. That is about 76% higher than Tesla's market value of about $789 billion, based on the stock's close of $248.5 on Friday.

(Reuters) — Wall Street's main indexes rose at the open on Monday as Tesla (NASDAQ:TSLA) shares rallied, while investors awaited inflation data due later this week for clues on the U.S. Federal Reserve's interest-rate path.

(Reuters) -Tesla's Dojo supercomputer could power a near $600 billion jump in the automaker's market value by boosting the adoption of robo-taxis and its software services, Morgan Stanley analysts said, sending the electric vehicle maker's shares up 6% in premarket trading on Monday.

Investing.com — U.S. futures traded slightly higher Monday, ahead of the release this week of fresh inflation data which could give guidance of future Federal Reserve monetary action.

By Davit Kirakosyan

Check out the companies making headlines in premarket trading Monday.

Tesla, already the world's most valuable automaker, started production of the supercomputer to train artificial intelligence (AI) models for self-driving cars in July and plans to spend more than $1 billion on Dojo through next year.

Gina Rinehart has not ruled out launching a bid to rival Albemarle’s $6.6 billion takeover tilt at Liontown Resources after confirming she now holds a strategic stake in the West Australian lithium prize.

Short sellers are raking in profits by betting against a part of the US equity market overlooked by most investors: small-cap stocks. 

Tesla (NASDAQ:TSLA) stock can surge thanks to its Dojo Supercomputer says Morgan Stanley analysts after upgrading the rating to Overweight from Equal Weight.

Tesla Inc.’s Dojo supercomputer may add as much as $500 billion to the company’s market value through faster adoption of robotaxis and network services, according to Morgan Stanley.