The S&P500 (SP500) closed in the green on Friday, after investors digested quarterly results from big banks and data showing consumer prices cooling down in June, bolstering bets for a September rate cut. For the week, the Nasdaq (COMP:IND) lost 0.7%, while Dow (DJI) advanced 1%. Wall Street had aContinue Reading
jetcityimage EV giant Tesla (NASDAQ:TSLA) launched its rear-wheel drive Model 3 long-range vehicle for $5,000 less than the all-wheel drive model, the website showed. The new long range rear-wheel drive variant starts at $42,490, with a federal EV tax credit of $7,500 applicable, bringing its effective price down to $34,990,Continue Reading
Spencer Platt/Getty Images News Tesla (NASDAQ:TSLA) swung lower in midday trading on Thursday after Bloomberg reported that the company may be delaying its robotaxi event scheduled for August 8. Sources indicate that the event may not take place until October because it needs more time to build the autonomous vehicleContinue Reading
JamesBrey Almost three quarters of the top 10 stocks’ current valuations come from expectations for future earnings growth, according to research by DataTrek. Between 60% and 90% of the current valuations for the U.S. big tech stocks are based on future growth expectations, compared to about 55% for the S&PContinue Reading
tadamichi A majority of the Seeking Alpha community doesn’t think Tesla (NASDAQ:TSLA) should be dropped from the Magnificent 7, according to the latest SA Sentiment Survey, even though the EV maker is seen as the least attractive stock in the list. When asked which stock could potentially take Tesla’s (TSLA)Continue Reading
Spencer Platt/Getty Images News Tesla’s (TSLA) been in vogue on the Interactive Brokers (IBKR) trading platform, with a recent surge in the electric vehicle maker’s stock price drawing attention away from AI chipmaker Nvidia (NVDA). Shares of Tesla (TSLA) on Tuesday cemented their 10th consecutive win, and the “straight upContinue Reading
baileystock Tesla Inc. (NASDAQ:TSLA) is “acting like a meme stock,” said investor and fund manager Bill Gross, in an X post. The American investor and co-founder of PIMCO tweeted that Tesla (TSLA) has “sagging fundamentals, and straight up price action.” The stock is up about 6% year-to-date, but went upContinue Reading
brunocoelhopt/iStock Editorial via Getty Images Chinese EV maker BYD Company (OTCPK:BYDDF) plans to build a massive $1B EV plant in Turkey with an annual capacity of 150,000 vehicles, Turkey’s state-run Anadolu news agency said on Monday. Production is expected to begin at the end of 2026. The plant would includeContinue Reading
Spencer Platt/Getty Images News The electric vehicle sector is still buzzing over the announcement of a partnership between Volkswagen (OTCPK:VLKAF) and Rivian Automotive (NASDAQ:RIVN). Volkswagen (OTCPK:VLKAF) is believed to have pulled the trigger on the deal with Rivian (RIVN) considered one of the few companies near Tesla (TSLA) on theContinue Reading
Zhang mengyang/iStock via Getty Images Tesla (NASDAQ:TSLA) traded higher on Friday amid reports that several state-owned entities in Shanghai have placed orders for Model Y crossovers as part of the city’s efforts to optimize the business environment and demonstrate equal treatment for domestic and foreign companies. State-owned enterprises, including ChengtouContinue Reading
