Tesla Financial News

The Wall Street Journal reported Wednesday that federal prosecutors are looking into Tesla’s (NASDAQ:TSLA) vehicle performance claims following a July story by Reuters outlining the electric automaker’s scheme to exaggerate the potential driving distance of its vehicles.

Tesla's use of company funds on a secret project described internally as a house for Chief Executive Elon Musk, the Wall Street Journal reported on Wednesday, citing people familiar with the matter. Neither Musk nor a spokesman for the U.S. Attorney's office in Manhattan, which the Journal said was carrying out the probe, immediately responded to requests for comment.

Elon Musk, Reuters reported Wednesday citing a Wall Street Journal report. Earlier, the WSJ had reported in July that Tesla board members had investigated whether company resources were misused on the effort.

The social media platform X, formerly known as Twitter, has acquired a regulatory license that enables it to process cryptocurrency payments in the US.

Tesla is letting some drivers use its Autopilot driver-assist system for extended periods without making them put their hands on the steering wheel, a development that has drawn concern from U.S. safety regulators

General Motors Co. and Ford Motor Co.

Nvidia and other megacap growth stocks after a drop in monthly job openings cemented expectations of a pause in interest rate hikes by the U.S. Federal Reserve. The S&P 500 logged its strongest one-day gain since June 2, while the Nasdaq notched its strongest session since July 28, and both indexes closed at more than two-week highs. The sharp gains came after the Labor Department's Job Openings and Labor Turnover Survey (JOLTS) showed the number of job openings stood at 8.827 million in July, falling for the third straight month and signaling easing labor market pressures. Investors also parsed a report from the Conference Board showing consumer confidence in the United States fell to 106.1 in August, compared with expectations of 116. Interest rate futures signaled an 87% chance the Fed will keep rates steady at its September meeting and a 54% chance it will keep rates on hold through November, according the CME Group's FedWatch tool. «Investors are of the mindset that 'You know what, maybe interest rate hikes are indeed behind us.

"Market is moving in a range and we expect this trend to continue given the data-packed week and monthly derivatives expiry. Further, consistent selling by FIIs and poor monsoon in the month of August raised concern among investors, thus keeping the upside limited," said Siddhartha Khemka, Head — Retail Research, Motilal Oswal Financial Services. Here's breaking down the pre-market actions:STATE OF THE MARKETSGIFT Nifty (Earlier SGX Nifty) signals a positive startGIFT Nifty on the NSE IX traded 18 points, or 0.09 per cent, higher at 19,529, signaling that Dalal Street was headed for positive start on Wednesday.

(Reuters) — U.S. auto regulator NHTSA has sent a special order to Tesla (O:TSLA) asking questions about changes to the driver monitoring system for its Autopilot software, documents released on Tuesday showed.

Bitget, a prominent crypto derivatives and copy trading platform, is commemorating its fifth year of operation. The platform, which serves a global user base of over 20 million, has announced a series of events and initiatives to mark this milestone.

Convincing everyone to adopt a new technology can be a slog at first. The humble microwave oven, for example, took two decades of lukewarm sales to reach just a tenth of U.S. households. But then came the 1980s, and quicker than you could say “Hot Pockets,” microwaves had spread to nearly every kitchen.

(Reuters) — Piedmont Lithium said on Tuesday it has received a partial prepayment of $31.6 million for the sale of 15,000 dry metric tonnes (dmt) of lithium concentrate under its offtake deal with North American Lithium (NAL).

Investing.com -- U.S. stock futures edge up as traders look ahead to key economic data and new company results this week. Elsewhere, Google reportedly eyes plans to sell its mapping data to companies building renewable energy products, while Mark Zuckerberg, Elon Musk and other tech industry leaders are invited to Washington for a forum discussing the possible pitfalls of generative artificial intelligence.

BEIJING (Reuters) — China's BYD Co (SZ:002594) Ltd on Monday said first-half profit jumped 204.7% as the new energy vehicle maker broke its delivery record and retained its crown as China's biggest-selling auto brand.

By Dan Levine and Hyunjoo Jin

(Reuters) — Shares of Vietnamese electric-vehicle maker Vinfast surged 30% in premarket trading on Monday, extending a rally from last week that more than quadrupled its market value to $160 billion.

Elon Musk to be an adviser in his administration if he gets elected as the US president next year. He made these remarks on Friday at a town hall in Iowa when he was asked about whom he would want as advisers for his potential presidency, PTI reported, citing NBC News. He also admired the mass layoffs conducted by Elon Musk after taking over Twitter last year.

Elon Musk, the chief of Tesla, Space X, and the owner of ‘X’ (formerly Twitter), is impressed with the growing number of Indian-origin CEOs. In a list published by World of Statistics, it was made evident that there has been a significant rise in Indian-origin people at the topmost position. The list showed that many companies all over the world are now led by Indian-origin CEO.

World of Statistics posted a list of companies that have Indian-origin people at the topmost position which left Tesla Chief Executive Officer (CEO) Elon Musk impressed. On its social media account, X (formerly known as Twitter), the World of Statistics listed 21 companies that have Indian-origin CEOs. This list includes Alphabet: Sundar Pichai, World Bank Group: Ajay Banga, Micron Technology: Sanjay Mehrotra, Adobe: Shantanu Narayen and many more. Recating on the post, Musk on his micro-blogging account said, «Impressive». Recently, Indian-origin Vaibhav Taneja became the new Tesla Chief Financial Officer after Zachary Kirkhorn stepped down from his position. Taking to his LinkedIn account, Kirkhorn informed that after being part of the company for 13 years, he has left the position.

reliance on China for revenues. In 2021 the 200 biggest multinationals in America, Europe and Japan made 13% of their sales in the country, earning $700bn. Tesla is more exposed still, making around a fifth of its sales in China; Qualcomm, a chipmaker, makes a staggering two-thirds.

Disclaimer: The text below is a press release that is not part of  Cryptonews.com  editorial content.