Tesla sinks to bear market, stock snaps its six-day rally and plunges 13%
4 years, 11 months ago

Tesla sinks to bear market, stock snaps its six-day rally and plunges 13%

Live Mint  

The incredible six-day, 60% rally in Tesla Inc. that left Wall Street watchers scratching their heads screeched to a halt Wednesday. The breather comes as analysts at Canaccord Genuity cut their rating on the stock to hold following an “electrifying run” on concerns that its Shanghai factory may struggle as China works to contain the coronavirus. The rapid run in Tesla shares over the past three months, which accelerated to a dizzying pace over the past week, came on the back of two strong quarterly reports, the quick construction of its China factory, an ahead-of-schedule launch of the new Model Y crossover vehicle and a first profit for the battery plant the company jointly operates in Nevada with Panasonic Corp. “Many investors are struggling to identify a strong fundamental underpinning for the move,” Morgan Stanley analyst Adam Jonas wrote in a note to clients, adding that investor feedback from the discussions has been “calm, curious and overall cautious.” That sentiment may have finally caught up with the stock, starting with the jaw-dropping $109 drop in the price right before the closing bell on Tuesday. Wall Street is pedaling back on some of its enthusiasm, with Canaccord Genuity’s Jonathan Dorsheimer downgrading Tesla to hold from buy, warning of a likely “reset of expectations” in the first quarter and flagging China’s coronavirus as a clear headwind to the Shanghai facility.

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History of this topic

Elon Musk's Tesla sees first sales drop since 2011 as competition rises, Trump support holds back customers
6 days, 1 hour ago

Elon Musk's Tesla sees first sales drop since 2011 as competition rises, Trump support holds back customers

Hindustan Times  

For the first time since 2011, Elon Musk's electric vehicle, Tesla, saw its sales drop by 1.1% in 2024, news agency Associated Press reported, citing the company's sales figures. Tesla CEO and X owner Elon Musk listens as US President-elect Donald Trump speaks during a meeting with House Republicans at the Hyatt Regency hotel in Washington, DC, U.S. on November …

Tesla sees first drop in number of cars delivered in nine years sending stock tumbling
Trending News
6 days, 18 hours ago

Tesla sees first drop in number of cars delivered in nine years sending stock tumbling

The Independent  

The latest headlines from our reporters across the US sent straight to your inbox each weekday Your briefing on the latest headlines from across the US Your briefing on the latest headlines from across the US SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Tesla's global annual sales …

Tesla’s global vehicle deliveries fell in 2024 for the first time in years
Top News
6 days, 20 hours ago

Tesla’s global vehicle deliveries fell in 2024 for the first time in years

Live Mint  

Tesla’s global vehicle deliveries fell in 2024 for the first time in more than a decade, after a surge of promotional deals in the fourth quarter failed to stimulate sales enough to top the prior-year results. The result—a quarterly record—was up about 2% from a year earlier, but it fell short of the roughly 515,000 vehicles it needed to sell …

Tesla’s annual sales fall for first time in company history
1 week ago

Tesla’s annual sales fall for first time in company history

LA Times  

Tesla sales declined for the first time in the company’s history last year, the company reported Thursday, reflecting what analysts said was a lack of new models in an increasingly competitive market for electric vehicles. Given the company’s commanding lead in electric vehicle market share, slow or no growth at Tesla adds another challenge to California Gov. Tesla, once a …

Tesla reports sales drop for 2024, first annual decline in at least 9 years
1 week ago

Tesla reports sales drop for 2024, first annual decline in at least 9 years

LA Times  

Tesla’s global annual sales fell for the first time in at least nine years in 2024. Tesla’s global annual sales fell for the first time in at least nine years, with a 2.3% increase in the final quarter not enough to overcome a sluggish start to 2024 despite offers of 0% financing, free charging and low-priced leases. Analysts polled by …

Wall Street today: US stocks drop amid geopolitical tensions, Nvidia earnings in focus, Target tanks 20%
1 month, 2 weeks ago

Wall Street today: US stocks drop amid geopolitical tensions, Nvidia earnings in focus, Target tanks 20%

Live Mint  

US stocks dropped on Wednesday amid escalating geopolitical tensions between Russia and Ukraine, and as investors awaited chip giant Nvidia's quarterly results. At 09:53 am the Dow Jones Industrial Average rose 1.09 points to 43,270.03, the S&P 500 lost 20.79 points, or 0.35 per cent, to 5,896.19 and the Nasdaq Composite lost 94.90 points, or 0.50 per cent, to 18,892.57. …

Elon Musk's Tesla stocks on unstoppable rally after Trump's win, here's why
1 month, 3 weeks ago

Elon Musk's Tesla stocks on unstoppable rally after Trump's win, here's why

Firstpost  

In the trading days since the 2024 US Presidential election, Tesla stocks, all together, surged past 40 per cent, adding more than $300 billion in market capitalisation An unstoppable rally is seen in Tesla stocks as investors continue to bet big after Donald Trump wins the 2024 US Presidential election as they feel it would bring windfalls to the Elon …

Wall Street today: US stock indices at record high as post-election rally continues, Tesla climbs 8%
1 month, 4 weeks ago

Wall Street today: US stock indices at record high as post-election rally continues, Tesla climbs 8%

Live Mint  

US stock indices surged to record high on Monday, following last week’s rally as optimism on proposed tax cuts and expectations of an easier regulatory environment after Donald Trump won the US presidency continued. The Dow Jones Industrial Average rose 390.08 points, or 0.89 per cent, to 44,379.07, the S&P 500 gained 13.36 points, or 0.22 per cent, to 6,008.90, …

Elon Musk's Tesla hits $1 trillion market value after Trump win
2 months ago

Elon Musk's Tesla hits $1 trillion market value after Trump win

India Today  

Tesla's market value closed above the $1 trillion mark in a sharp rally on Friday, on expectations that CEO Elon Musk's companies will get favourable treatment under President-elect Donald Trump for his extensive support during the poll campaign. "Tesla and CEO Elon Musk are perhaps the biggest winners from the election result, and we believe Trump's victory will help expedite …

Tesla shares soar 14% as Trump win sets stage for Elon Musk's electric vehicle company
2 months ago

Tesla shares soar 14% as Trump win sets stage for Elon Musk's electric vehicle company

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. Please try again later {{ …

Tesla Soars to New Heights, Market Cap Soars Past $150 Billion
2 months, 1 week ago

Tesla Soars to New Heights, Market Cap Soars Past $150 Billion

Firstpost  

Tesla's stock soars on strong sales and cost-cutting, with the company's market value increasing by $150 billion in a single day. This impressive rally erases recent losses and alleviates concerns about Musk's focus on new ventures like Robotaxi. However, regulatory hurdles surrounding driverless ride-hailing services remain a potential roadblock to Tesla's ambitious plans.

Tesla Soars 4.43% on Strong Q3 Results, Up 1.29% on Nasdaq
Trending News
2 months, 2 weeks ago

Tesla Soars 4.43% on Strong Q3 Results, Up 1.29% on Nasdaq

Live Mint  

Tesla shares continue to rally, with the company reporting a strong third-quarter profit. The stock rose 4.43 per cent, reaching a new high of $269.11. Tesla's net income increased by 17%, marking a turnaround from the previous quarter's decline. The company's revenue also increased, contributing to the positive performance.

Tesla's value dropped by $60 billion following 'glowing' unveiling of Cybercab robotaxi. Here's why
2 months, 3 weeks ago

Tesla's value dropped by $60 billion following 'glowing' unveiling of Cybercab robotaxi. Here's why

Firstpost  

Many analyst expected more specific data, such as timelines and production numbers, which are typically provided at Tesla’s events. Instead, the showcase focused heavily on branding and promoting Tesla’s broader vision, leaving the investment community with little to work with However, despite the big promises, many investors and analysts left the event feeling unsatisfied. Analysts pointed out that the presentation …

Wall Street’s smaller stocks roar a day after S&P 500’s worst loss since 2022
5 months, 2 weeks ago

Wall Street’s smaller stocks roar a day after S&P 500’s worst loss since 2022

LA Times  

A swirling day of trading left the Standard & Poor’s 500 with a loss of 0.5%. Wall Street’s split widened Thursday, as smaller stocks and other formerly downtrodden areas of the market rose while superstar Big Tech stocks gave back more of their stellar gains. Weighing on Wall Street were continued losses for Nvidia and most of the handful of …

Nasdaq sees biggest drop in 2 years as tech earnings spark selloff
5 months, 2 weeks ago

Nasdaq sees biggest drop in 2 years as tech earnings spark selloff

The Independent  

The latest headlines from our reporters across the US sent straight to your inbox each weekday Your briefing on the latest headlines from across the US Your briefing on the latest headlines from across the US SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Major stocks fell dramatically …

Tesla’s auto woes crash Elon Musk’s AI dreams
5 months, 2 weeks ago

Tesla’s auto woes crash Elon Musk’s AI dreams

Live Mint  

Tesla finally has financial results to support the argument that it is more than a car company. At last, claims that Tesla isn’t just a car company have some grounding in the numbers, rather than merely in the expansive vision of chief executive Elon Musk. Tesla’s second-quarter delivery update already made the strength of the energy business clear, so this …

Tesla’s quarterly profit falls 45% as sales drop despite price cuts
5 months, 2 weeks ago

Tesla’s quarterly profit falls 45% as sales drop despite price cuts

LA Times  

Tesla’s second-quarter net income fell 45% compared with a year ago as the company’s global electric vehicle sales tumbled despite price cuts and low-interest financing. Earlier this month Tesla said it sold 443,956 vehicles from April through June, down 4.8% from 466,140 sold in the same period a year ago. For the first half of the year, Tesla has sold …

Tesla shares rally over 10% as quarterly deliveries beat estimates
6 months ago

Tesla shares rally over 10% as quarterly deliveries beat estimates

Hindustan Times  

Tesla's global sales fell for the second straight quarter despite price cuts and low-interest financing offers, another sign of weakening demand for the company's products and electric vehicles overall. For the first half of the year, Tesla sold 830,766 electric vehicles worldwide, handily beating China's BYD, which sold 726,153 EVs. Tesla also sold over 33,000 more vehicles during the second …

Tesla sales fall in Q2 despite price cuts
6 months ago

Tesla sales fall in Q2 despite price cuts

Associated Press  

DETROIT — Tesla’s global sales fell for the second straight quarter despite price cuts and low-interest financing offers, another sign of weakening demand for the company’s products and electric vehicles overall. AP AUDIO: Tesla sales fall for second straight quarter despite price cuts, but decline not as bad as expected AP correspondent Tom Krisher reports Tesla sale numbers may be …

Tesla shares tumble below $150 per share, giving up all gains made over the past year
8 months, 3 weeks ago

Tesla shares tumble below $150 per share, giving up all gains made over the past year

Associated Press  

Tesla’s stock tumbled below $150 per share, giving up all of the gains made over the past year as the electric vehicle maker reels from falling sales and steep discounts intended to lure more buyers. Tesla sales fell sharply last quarter as competition increased worldwide, electric vehicle sales growth slowed, and price cuts failed to draw more buyers. Dan Ives, …

Tesla share price falls 37% in 2024 as Elon Musk’s EV maker suffers demand slowdown; market value drops below $500 bn
8 months, 3 weeks ago

Tesla share price falls 37% in 2024 as Elon Musk’s EV maker suffers demand slowdown; market value drops below $500 bn

Live Mint  

Tesla share price extended fall for 2024, pushing its market valuation briefly below $500 billion amid a round of job cuts this week underscoring that the company’s growth has slowed. Tesla shares have not closed with a market value under $500 billion since late April last year and stayed narrowly above the mark as of Tuesday’s close, Bloomberg News reported. …

Is the global EV bubble bursting? As global demand starts to slow, share prices tank and Tesla cuts 10% of the workforce....are car giants ready to slam the brakes on electric revolution?
8 months, 3 weeks ago

Is the global EV bubble bursting? As global demand starts to slow, share prices tank and Tesla cuts 10% of the workforce....are car giants ready to slam the brakes on electric revolution?

Daily Mail  

Elon Musk's announcement that Tesla will lay off ten percent of its workforce shocked many but it may be inline with figures that suggest the global demand for electronic vehicles is slumping across the world. In the first quarter of 2024, the two biggest manufacturers of electronic vehicles, Tesla and its Chinese rival BYD reported dramatic sales drops compared against …

Tesla reports drop in auto sales, while Toyota sees US surge
9 months ago

Tesla reports drop in auto sales, while Toyota sees US surge

Hindustan Times  

Tesla reported sharply lower first-quarter auto sales on Tuesday amid an underwhelming demand outlook for electric vehicles, while legacy players including Toyota rode improved US inventories to higher sales. Elon Musk's auto giant reported 386,810 global deliveries over the period, down 8.5 percent, reflecting in part a weak sales market in China, where it faces heavy competition from local electric …

Tesla slams into reverse as sales fall for first time in four years: £20bn wiped off value of electric car firm
9 months ago

Tesla slams into reverse as sales fall for first time in four years: £20bn wiped off value of electric car firm

Daily Mail  

More than £20billion was wiped off the value of Tesla last night after it reported the first fall in car sales for four years. Darker days: Tesla boss Elon Musk has seen the electric car maker's first slump in sales in four years Tesla shares fell more than 5 per cent, wiping £22billion off the value of the company. BYD, …

Tesla sales fall short of estimates in first drop since 2020
9 months, 1 week ago

Tesla sales fall short of estimates in first drop since 2020

LA Times  

Tesla sales fell short of estimates in the first three months of this year. Tesla Inc. suffered its first year-over-year sales drop since the early days of the COVID-19 pandemic. Wall Street had rapidly lowered projections for the Austin-based company’s deliveries as the first quarter came to a close, including some analysts who correctly predicted that the tally would come …

Why Tesla’s electric car bubble is threatening to burst
9 months, 1 week ago

Why Tesla’s electric car bubble is threatening to burst

The Telegraph  

The drop, the first since 2020, was far below even the most gloomy expectations of investment analysts. The company blamed the tough start to the year on teething problems with the production of its updated Model 3 at its Californian factory and “factory shutdowns resulting from shipping diversions caused by the Red Sea conflict and an arson attack at Gigafactory …

BYD’s rise challenges Tesla—and its valuation
9 months, 1 week ago

BYD’s rise challenges Tesla—and its valuation

Live Mint  

BYD and Tesla, the world’s top two electric-vehicle makers, have a lot in common these days—except in terms of market value, where the U.S. company is roughly seven times as big. BYD’s Hong Kong-listed shares fell 6% Wednesday following the publication of its annual report, giving it a market value equivalent to roughly $86 billion, or 15 times forward earnings. …

Tesla valuation drops by $80 billion after Elon Musk's sales warning
11 months, 2 weeks ago

Tesla valuation drops by $80 billion after Elon Musk's sales warning

Hindustan Times  

Tesla tumbled over 12% on Thursday after CEO Elon Musk warned sales growth would slow this year despite price cuts that have already hurt margins at the world's most valuable automaker and fueled investor concerns about soft demand and Chinese competition. Elon Musk warned that global Tesla sales might hit a slump Musk said on Wednesday that growth would be …

Tesla loses over $82 billion, stock plunges 12% in a single day after ‘disastrous’ earnings call
11 months, 2 weeks ago

Tesla loses over $82 billion, stock plunges 12% in a single day after ‘disastrous’ earnings call

Firstpost  

The stock value of Tesla saw a significant dip of just over 12% on Thursday following remarks by CEO Elon Musk highlighting the challenges posed by Chinese electric-car manufacturers, whom he referred to as “the most competitive car companies in the world.” During Tesla’s earnings call on Wednesday, Musk praised Chinese carmakers such as BYD, Geely, and SAIC, emphasizing their …

Tesla hit by first ever drop in annual profits amid electric car price war
11 months, 2 weeks ago

Tesla hit by first ever drop in annual profits amid electric car price war

The Telegraph  

Tesla has recorded its first ever drop in annual profits as it suffers the effects of an electric vehicle price war orchestrated by its chief executive, Elon Musk. It caps a challenging year for Tesla and Mr Musk, in which the company has been overtaken as the world’s best-selling electric car manufacturer by China’s BYD and its chief executive has …

Elon Musk’s Tesla loses $94 billion in market valuation as global EV market slows down
11 months, 3 weeks ago

Elon Musk’s Tesla loses $94 billion in market valuation as global EV market slows down

Firstpost  

Tesla, after a stellar 2023 where its shares more than doubled, is facing a rocky start to 2024, marking its worst beginning to any year in its history. Tesla’s market capitalization has taken its biggest hit since going public in 2010, with a 12% drop since the start of January, the largest in percentage terms since 2016. Despite Tesla’s recent …

Are people giving up on EVs? Elon Musk lost $28 billion as Tesla took a beating last quarter
1 year, 2 months ago

Are people giving up on EVs? Elon Musk lost $28 billion as Tesla took a beating last quarter

Firstpost  

The sale of EVs is slowing down at an alarming pace. Tesla reported disappointing quarterly earnings for a variety of reasons, because of which Elon Musk lost about $28 billion in his personal wealth. Other automakers, are looking at options other than EVs Tesla, led by Elon Musk, reported disappointing quarterly earnings, prompting investors to reevaluate their expectations for the …

Tesla’s price cuts eat into Cybertruck maker’s profits as net income plunges 44% in the 3rd quarter
1 year, 2 months ago

Tesla’s price cuts eat into Cybertruck maker’s profits as net income plunges 44% in the 3rd quarter

Associated Press  

LOS ANGELES — Tesla’s net income slumped in the third quarter versus a year earlier, as price reductions helped drive strong sales growth but also ate into the automaker’s profit margins The Austin, Texas, maker of electric vehicles, solar panels and batteries on Wednesday reported net income of $1.85 billion for the July-September quarter, a 44% decline from a year …

Tesla income jumps 20%, but shares fall after hours amid profit concerns
1 year, 5 months ago

Tesla income jumps 20%, but shares fall after hours amid profit concerns

Associated Press  

SAN FRANCISCO — Elon Musk’s big bet that Tesla price cuts could boost sales and profits amid increasing competition and poor economic sentiment appears to be yielding mixed results. By that measure, Tesla’s net income zoomed to $3.15 billion, or 91 cents a share, sharply exceeding average analyst estimates of 80 cents per share according to FactSet. But the earnings …

Tesla shares accelerate toward $300 on spike in deliveries and charging deal with major automakers
1 year, 6 months ago

Tesla shares accelerate toward $300 on spike in deliveries and charging deal with major automakers

Associated Press  

Tesla is roaring back from a dismal 2022 as company shares, which have already doubled this year, were driven higher Monday by a spike in second-quarter deliveries. Shares jumped 7% to a new high for 2023 after the electric car maker said its deliveries in the most recent quarter rose 83% compared with the same period last year. Shares were …

Tesla's stock skyrockets with EV market dominance and AI-driven surge
1 year, 6 months ago

Tesla's stock skyrockets with EV market dominance and AI-driven surge

Hindustan Times  

The clouds are finally parting for Tesla Inc. investors who stuck with the electric-vehicle maker through a rough ride. “A rising tide lifts all boats and if consumers see their neighbor having an EV, they are more likely to buy one themselves - and this increases the chances they buy a Tesla.” Still, this is only the latest in a …

Wall Street Stocks Close Lower as Tesla, Regional Banks Report Lackluster Earnings
1 year, 8 months ago

Wall Street Stocks Close Lower as Tesla, Regional Banks Report Lackluster Earnings

News 18  

Wall Street stocks ended lower on Thursday following lackluster corporate results from electric vehicle maker Tesla and several regional banks. Shares of Tesla slumped 9.8 percent as it reported a fall in quarterly earnings while hinting that it could face further profit pressures from more price cuts on its vehicles. Meanwhile, shares of regional banks including KeyCorp, Zions Bancorporation and …

Tesla’s margins drop on aggressive discounting, shares fall
1 year, 8 months ago

Tesla’s margins drop on aggressive discounting, shares fall

Live Mint  

Tesla Inc missed market estimates for first-quarter margin on Wednesday, throttled by a series of aggressive price cuts meant to spur demand in a sagging economy and fend off rising competition. Finance chief Zachary Kirkhorn promised in January that Tesla would not go below automotive gross margins of 20% and an average selling price of $47,000 across models. The electric-vehicle …

Tesla, Chevron rise; Wolfspeed, Southwest fall
1 year, 11 months ago

Tesla, Chevron rise; Wolfspeed, Southwest fall

Associated Press  

NEW YORK — Stocks that traded heavily or had substantial price changes Thursday: Tesla Inc., up $15.84 to $160.27. The electric vehicle maker’s profits surged in the fourth-quarter, beating Wall Street forecasts. The semiconductor equipment maker’s fiscal second-quarter earnings and revenue beat analysts’ forecasts. The airline reported a big fourth-quarter loss following massive flight cancellations last month. The hard drive …

Inside Tesla’s terrible year, and what comes next for the electric car giant
1 year, 11 months ago

Inside Tesla’s terrible year, and what comes next for the electric car giant

The Independent  

Sign up to our free weekly IndyTech newsletter delivered straight to your inbox Sign up to our free IndyTech newsletter Sign up to our free IndyTech newsletter SIGN UP I would like to be emailed about offers, events and updates from The Independent. Len Sherman, an adjunct professor at Columbia Business School who used to own Tesla stock and worked …

Tesla shares tumble after company misses delivery target
2 years ago

Tesla shares tumble after company misses delivery target

Associated Press  

DETROIT — Shares of Tesla tumbled more than 12% Tuesday on the first full day of trading since the company announced 2022 delivery numbers that fell short of targets. Tesla said Monday that it sold a record 1.3 million vehicles last year, but the number fell short of CEO Elon Musk’s pledge to grow deliveries by 50% nearly every year. …

Wall Street drops as Apple, Tesla weigh on indexes
2 years ago

Wall Street drops as Apple, Tesla weigh on indexes

Live Mint  

Wall Street's main indexes fell on the first trading day of the year following declines in Apple and energy stocks, with investors awaiting the Federal Reserve's meeting minutes for further clarity on the path of future interest rate hikes. Most of the major S&P 500 sectors were in the red, with information technology stocks pulled lower by a 3% drop …

Tesla shares plunge 13 percent on growth concerns
2 years ago

Tesla shares plunge 13 percent on growth concerns

Al Jazeera  

Once worth more than $1 trillion, Tesla lost more than 65 percent in 2022 and $60bn on Tuesday alone. Tesla Inc shares started 2023 where they left off last year, plunging more than 13 percent on Tuesday on growing worries about weakening demand and logistical problems that have hampered deliveries for the world’s most valuable automaker. Tuesday’s slide knocked off …

Tesla’s 2022 collapse hits 69% after deepest sell-off since April
2 years ago

Tesla’s 2022 collapse hits 69% after deepest sell-off since April

LA Times  

Workers assemble a car at Tesla’s factory in Fremont, Calif. A plan to temporarily halt production at the company’s plant in China has investors shaken. The tailspin in Tesla shares accelerated Tuesday, marking their longest losing streak since 2018, as a report of a plan to temporarily halt production at its China factory rekindled fears about demand risks. The latest …

Elon Musk tells investors he’ll pause on Tesla stock sales
2 years ago

Elon Musk tells investors he’ll pause on Tesla stock sales

Associated Press  

CEO Elon Musk says he won’t sell any more shares in Tesla for 18 months or more, likely an attempt to comfort shareholders of the electric vehicle company who have watched the stock lose nearly half of its value since Musk’s purchase of Twitter went through in October. Musk then said he wouldn’t sell Tesla shares for two years, but …

Tesla shares suffer worst year ever. And 2023 looks bad, too
2 years ago

Tesla shares suffer worst year ever. And 2023 looks bad, too

LA Times  

Tesla’s Fremont, Calif., factory. It’s a stunning reversal from a year ago, when Tesla was valued at almost $1 trillion, earnings were consistently beating expectations and demand for EVs seemed poised to soar with more countries announcing green-energy policies. “Tesla is still trading like a tech company, as a high-growth company, whereas other auto manufacturers are not,” said Shelton’s Kahn. …

Elon Musk flogs $3.58B worth of Tesla stock within three days as share price plummets
2 years ago

Elon Musk flogs $3.58B worth of Tesla stock within three days as share price plummets

Daily Mail  

Elon Musk sold another $3.58 billion worth of Tesla stock this week, as the electric car maker's stock price plummeted to its lowest level in two years. Elon Musk sold another $3.58 billion worth of Tesla stock this week, but it wasn't clear where the proceeds were being spent The Tesla CEO, and new owner of Twitter, sold the nearly …

Tesla shares at lowest level in two years as investors bash Musk
2 years ago

Tesla shares at lowest level in two years as investors bash Musk

Al Jazeera  

The world’s most valuable carmaker is one of the worst performing stocks among major automakers and tech firms. Tesla shares have extended declines and hit their lowest level in more than two years as investors, including a “fanboy” of CEO Elon Musk, lashed out at the executive as they alleged his purchase of Twitter is distracting him from the electric …

Wall St extends losses as recession worries mount, Apple drops
2 years, 1 month ago

Wall St extends losses as recession worries mount, Apple drops

Live Mint  

U.S. stock indexes fell in choppy trading on Wednesday as investors assessed the warnings of a looming recession from major Wall Street bankers, while Apple shares fell on analyst projections of lower iPhone shipments. The benchmark S&P 500 fell for a fifth straight session and the Nasdaq for a fourth, dragged down by a 1.4% drop in Apple Inc shares …

Tesla stock hits two-year low after boss Musk sells more shares
2 years, 2 months ago

Tesla stock hits two-year low after boss Musk sells more shares

Al Jazeera  

Musk’s latest share sale fuelled jitters about the fallout of his Twitter buy on the world’s most valuable carmaker. The latest sale brings the total amount of Tesla stock sold by Musk since last November to about $36bn – despite his having said earlier that he would sell no more of his shares. Musk said on a conference call last …

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