Tag: Elon Musk

February 9, 2021

Bitcoin hit a fresh record Tuesday, surging above $48,000 for the first time following Tesla’s (TSLA) – Get Report disclosure that it has made a $1.5 billion investment in the world’s largest cryptocurrency. Bitcoin traded as high as $48,226, according […]

December 14, 2020

The addition of Tesla into the S&P 500 at the close this Friday will be one of the biggest trading days in history, but it is only the most recent example of an ongoing trend: index managers who make the […]

December 11, 2020

Tesla’s entry into the S&P 500 could be anything but a quiet ride, and it is likely to put downward pressure on other stocks in the index temporarily. Already, investors are gaming how its entry could impact the S&P 500, […]

December 8, 2020

Tesla is taking advantage of its surging shares by going back to the capital markets for the third time in ten months and raising as much as $5 billion of common stock. The sale through an “at-the-market” offering program, according […]

November 24, 2020

Elon Musk’s year of dizzying ascents hit a new apex Monday as the Tesla co-founder passed Bill Gates to become the world’s second-richest person. The 49-year-old entrepreneur’s net worth soared $7.2 billion to $127.9 billion, driven by yet another surge […]

August 17, 2020

Registrations of locally made Tesla Inc. vehicles in China fell in July from the previous month as competition intensified in the world’s largest electric-car market. In July, 11,456 China-built Teslas were registered in the country, according to data from state-backed […]

July 15, 2020

Texas is moving forward with efforts to woo Tesla Inc. and lure its next electric-vehicle factory after the county that’s home to the state capital signed off on a tax-relief package. Commissioners in Travis County voted Tuesday to approve a […]

February 4, 2020

Tesla jumped again on Tuesday, set to open at a new record high as major shareholder Ron Baron forecast the company will top $1 trillion in revenue in a decade and as investors who bet against the stock scrambled to […]

July 24, 2019

Tesla is set to report its earnings and financial performance for the second quarter of 2019 on Wednesday after the stock market’s closing bell. The company previously reported vehicle deliveries for the three-month period in June, which set a new […]

July 10, 2019

Tesla shares rose in premarket trading on Wednesday after a report that the electric automaker will raise output at its factory in California. The company’s automotive president Jerome Guillen said in an email to employees that Tesla is “making preparations” […]

May 30, 2019

Barclays cut its price target on Tesla on Thursday and said the market is finally coming around to the firm’s thesis on the automaker. The firm also said Tesla is “stalling as a niche automaker,” and cut its 12-month price […]

March 11, 2019

Tesla has done a partial U-turn on a retail-strategy shift—unveiled less than two weeks ago—that was to involve the closure of most of its stores, in a bid to go “online only.” In a blog post late Sunday, Elon Musk’s […]

February 6, 2019

Tesla has cut the price of its Model 3 sedan again, bringing the cost of the cheapest variant down to $42,900 before account incentives and potential gas savings are taken into account. With those included, Tesla says, the price is […]

January 18, 2019

Tesla is laying off 7% of its employees, according to an email Elon Musk sent to workers, which was published on the company’s website. The job cuts will impact more than 3,000 members of staff after Musk said last year […]

December 11, 2018

Even as Tesla remains the most shorted US-listed stock, it’s beating the broader market by a mile. Tesla has soared 45% since putting in its 2018 closing low of $250.56 in early October. The S&P 500 has fallen 8% over […]

December 5, 2018

Elon Musk’s long-running battle with Tesla short sellers is the stuff of legend at this point. The majority of his crusade has been waged on Twitter, where he’s repeatedly taunted the futility of short sellers and decried their mere existence. […]

September 28, 2018

Wall Street is buzzing over SEC’s civil action against Tesla CEO Elon Musk, predicting significant negative ramifications for the electric car market due to the action. Shares of the automaker were down 12 percent in Friday’s premarket session. The Securities […]

September 19, 2018

Tesla shares tumbled on Tuesday amid reports of a potential criminal probe over its chief executive officer’s statements about taking the company private. The electric carmaker said it agreed to hand over documents to the Department of Justice in connection […]

September 17, 2018

Tesla slid as much as 2% Monday after Saudi Arabia’s public-investment firm announced a $1 billion investment in rival Lucid Motors. The kingdom’s Public Investment Fund had previously been in talks with Tesla around the time of its exploration of […]

August 27, 2018

Tesla Inc. shares dropped in premarket on Monday after the electric-car maker put plans to go private permanently on ice, but one analyst said the about-face is good news in the long run. In premarket trading, shares TSLA, -2.97% fell […]