Professional short-sellers have changed their ways this year. They have limited their exposure to risk after taking heavy losses earlier in 2021 as traders using Reddit’s WallStreetBets channel and other social media bid up prices of stocks the pros had bet against. But there are still stocks with heavyRead More →
The U.S. Securities and Exchange Commission warned Monday that it is closely monitoring frenetic moves in the stock market, amid the stratospheric surge in values of meme stocks AMC Entertainment and GameStop Corp. “SEC staff continues to monitor the market in light of the ongoing volatility in certain stocksRead More →
An exchange-traded fund driven by artificial intelligence has just loaded up on shares in Tesla — and it has a history of correctly predicting the stock’s price swings. The electric-vehicle company now makes up 6% of its portfolio, and is the fund’s third-largest holding after online retailer Amazon AMZN,Read More →
Apple Inc. attracted more than $33 billion worth of orders for its new $14 billion debt deal on Monday, underscoring the continued scramble for all things tied to the smartphone and computer giant. The six-tranche Apple AAPL, +1.65% debt deal included mostly bonds rated Aa1 and AA+ that matureRead More →
A mania is under way on Wall Street that is being heralded by some as a revolution of individual investors against pros, but there are concerns that the recent flurry of activity — powered by traders using forums on platforms such as Reddit and Discord — signals a topRead More →
Shares of Tesla Inc. shot higher Monday, putting them on track to snap a sharp 5-day selloff, but Morgan Stanley analyst Adam Jonas suggested it was still too early for investors to jump in. Jonas reiterated the underweight rating he’s had on the stock since he downgraded it on Jan.Read More →
Reuters A China-made Tesla Model 3 vehicle is seen at a delivery ceremony in the Shanghai Gigafactory of the U.S. electric car maker in Shanghai, China December 30, 2019. A little over a year ago, when Tesla Inc. CEO Elon Musk publicly flirted with the idea of taking his companyRead More →
Shares of Tesla Inc. spiked higher into record territory Friday, after the electric vehicle maker reported deliveries that rose above Wall Street’s expectations. The stock TSLA, +3.97% shot up 5.3% in recent morning trading to $452.86 a share, to reverse an earlier premarket pullback of as much as 2.0%. TheRead More →
In 2011, pioneering venture capitalist Marc Andreessen wrote an op-ed called “Why software is eating the world,” introducing his thesis that what we now know as Internet 2.0, an industry of platforms like Facebook and Twitter, would replace the old world of desktop computer hardware. Nearly a decade later, ifRead More →
Some best friend. On Saturday, a Tesla Model 3 on auto-pilot crashed into two vehicles — one of them belonged to the Connecticut State Police, according to ABC News. So why was driver relying on the self-driving software? He explained that he was checking on his dog in the backRead More →
The best-case scenario for Tesla Inc. stock is zooming to $500, an upside of nearly 50% thanks to the Silicon Valley car maker’s Cybertruck and the progress of its China factory. That’s from analysts at Morgan Stanley, led by Adam Jonas, in upping their “bull case” on Tesla TSLA, +2.03%Read More →
Just last week, everything seemed so jovial. Ford Motor F, -0.44% unveiled its Mustang Mach-E, the company’s first battery-powered SUV, and Tesla’s TSLA, -1.53% Elon Musk, who potentially has the most to lose in an increasingly crowded electric-car market, tweeted out a “Congratulations!” He was “excited to see this announcement.”Read More →
For Tesla Inc.’s Cybertruck, beauty is in the eyes of the believers, while the rest wonder who is going to buy that thing beyond the hard-core fan base. Bullish financial analysts defended Tesla TSLA, -6.14% and its latest electric car concept Friday morning, saying that devoted fans will buy theRead More →
A rumor that famed short seller Jim Chanos of Kynikos Associates has covered his shorts on Tesla Inc. is greatly exaggerated. It is, in fact, plain wrong. In an hour-long interview aired Thursday with folks at Hedgeye Risk Management (here’s the webcast), Chanos dispelled the rumor: ‘Tesla is and remainsRead More →
Let’s go back in time to June 2008, when Apple introduced the iPhone 3G. Nokia then was the world’s largest phone maker. What we did not know at the time was that Nokia was actually the largest dumb phone maker and that Apple was about to become the largest smartphoneRead More →
BOSTON — A brand-new Tesla may be coming soon to your neighborhood. But it could be on top of your neighbors’ home, not parked in their driveway. Tesla Inc. TSLA, +9.49% Chief Executive Elon Musk on Friday unveiled the electric-car company’s new solar-paneled roofs and said he expects to beRead More →
Tesla Inc. reported a surprise profit in the third quarter, and promises that it will sustain that position through a series of tough tests in the months ahead. This should sound familiar to observers of the battleground stock, because it is exactly what happened in the third quarter a yearRead More →
European stocks gained on Thursday, with investors bidding auto makers and pharmaceuticals higher in the face of data showing a stagnating economy. The Stoxx Europe 600 SXXP, +0.69% rose 0.67% to 397.68. Of the 600 constituents, 39 reported results, and the average reaction to the earnings was better than theRead More →
LAGUNA BEACH, Calif. — For Aicha Evans, the road to a “robo-taxi” is as much a journey to culture-shifting change as it is for leadership in a multibillion-dollar industry. “We want to make a profound impact in how we live as a society,” says Evans, the former Intel Corp. INTC,Read More →
Tesla Inc. and Chief Executive Elon Musk improperly sought to squelch a union organizing effort at the electric-car company’s Fremont, Calif., factory with rules and Musk’s Twitter account, according to a judge’s ruling released Friday that also demands that Musk read aloud the findings to employees at the factory. ComplaintsRead More →
Tesla Inc. said late Wednesday it has launched an insurance product, promising hefty savings and no snooping for owners of its vehicles in California. Tesla Insurance is “designed to provide Tesla vehicle owners with up to 20% lower rates, and in some cases as much as 30%,” the company saidRead More →
Tesla Inc. stock has shot up nearly 20% this month thanks in part to hopes that the Silicon Valley car maker is about to announce a banner sales quarter. Even analysts at Goldman Sachs, known Tesla TSLA, +1.63% bears, have put forth that possibility, although they cautioned it may beRead More →
Tesla Inc. dropped to third place in U.S. residential solar installations and Sunrun Inc. gained market share and kept its lead, according to a report Wednesday by consultants at Wood Mackenzie. Tesla TSLA, +0.29% installed 6.3% of U.S. residential solar capacity in the first quarter of this year, Wood MackenzieRead More →
Tesla Inc. Chief Executive Elon Musk took the stage at the company’s shareholder meeting Tuesday seeking to dispel concerns about demand and production that have plagued the Silicon Valley car maker for months. Judging by Tesla’s TSLA, +1.98% stock action in the extended session, Musk succeeded. The shares rose moreRead More →
Jeff Bezos, Amazon AMZN, -2.85% boss and world’s richest man, talked to a Washington, D.C., crowd earlier this month about his futuristic vision of huge space colonies that would provide sustainable homes for a trillion people. “These are very large structures, miles on end, and they hold a million peopleRead More →
