Global Market Reactions to Recent Economic, Corporate, and Environmental Developments
The global market reacts to various developments, including Tesla's profit miss, China's interest rate cut, Bernard Arnault's net worth decline, and typhoon Gaemi's impact. The Mt. Gox compensation, Lineage Inc.'s IPO, and Netanyahu's speech in the US Congress also influence market dynamics. European banks' mixed performance, Canada's rate cut, and Russia's sanction issues add to the market fluctuations, along with South Korea's GDP contraction and stable oil prices.
Global Market Reactions to Latest Corporate, Economic, and Political Developments
Tesla faces ongoing struggles with profit misses, impacting its stock and investor confidence. Meanwhile, Alphabet Inc.'s strong Q2 earnings highlight robust demand in cloud services and advertising. Political developments in the US, with Vice President Kamala Harris rallying support, and India's budget aimed at job creation reflect significant economic shifts. Natural disasters and corporate news, such as Boeing's resumed 737 Max deliveries and Citi's upgrade of Coinbase, also influence market
Musk sells nearly $7 bln worth of Tesla shares this week
Tesla CEO Elon Musk offloaded a combined $6.9 billion worth of shares in the electric car company this week, taking advantage of a meteoric rally that vaulted the firm's value to over $1 trillion.
Musk sells nearly $7 bln worth of Tesla shares this week
Tesla CEO Elon Musk offloaded a combined $6.9 billion worth of shares in the electric car company this week, taking advantage of a meteoric rally that vaulted the firm's value to over $1 trillion.
Tesla drops 12% for biggest fall this year after Musk stock sale proposal
Tesla stock ended Tuesday down 11.99% after CEO Elon Musk announced over the weekend that he plans to sell 10% of his shares.
The real reason why Elon Musk is selling 10% of Tesla stock
Musk asked his 62.7 million Twitter followers over the weekend whether he should sell 10% of his Tesla holdings.
Tesla is now worth more than $1 trillion
Shares popped more than 12% Monday to close at about $1,025, boosted by two spots of good news: Hertz announced a record order of 100,000 Teslas for its fleet, and influential Morgan Stanley auto analyst Adam Jonas recently raised his price target on Tesla to $1,200 a share.
Tesla Blasts Q3 Earnings Forecasts, Posts Record $13.76 Billion In Revenues
Tesla smashed Wall Street's third quarter earnings forecasts, while posting record revenues of $13.76 billion and one of the strongest profit margins in the group's history.
Why Tesla's stock is surging and why you should buy now: Tom Lee - Business Insider
Tom Lee still sees Tesla as one of his best stock picks for the next 3-5 years even after reaping a profit of more than 300% in six months.
Tesla 4Q earnings win: Analyst comments on stock price record, report - Business Insider
Tesla shares jumped as much as 12% to hit a record-high price of $650.88 per share. One analyst sees the stock jumping as high as $750 by 2021.
Tesla's Model 3 and Model Y could dominate the Model S and Model X this year - Business Insider
Tesla said on Wednesday that its factories could make up to 550,000 Model 3s and Model Ys this year, compared to 90,000 Model S and Model X vehicles.
Tesla stock: Here's why 3 analysts boosted target prices amid a rally - Business Insider
This week alone, three analysts have updated their price targets for Tesla, now estimating that it could surge as much as 14% this year.
Tesla investor ARK Investment sells shares ahead of q3 earnings report - Business Insider
Ren Leggi, a portfolio manager at ARK, said that conviction in Tesla has never been higher, but the firm's trading strategies aren't passive.
EXPLAINER: How much does Tesla CEO Elon Musk get paid？ And why？ - Business Insider
The pay calculation comes from SEC rules on CEO compensation reporting, as opposed to the actual value realized by executives in any given year.
Tesla Supercharger station review, compared to Chevy Bolt charging - Business Insider
A Tesla Supercharger station was much easier to find and use than the charging stations I'd used with the Chevrolet Bolt EV and Nissan Leaf.
Elon Musk accused of using Tesla and SpaceX to bail out SolarCity for $2.6 billion
SolarCity was founded by Elon Musk's cousins, Lyndon and Peter Rive, and Tesla acquired the company for over $2 billion in 2016.
VW exec says battery costs below $100 per kWh: report
According to a report from The New York Times, an unnamed Volkswagen executive said the automaker pays less than $100 per kWh for its batteries.
Elon Musk says Tesla's pickup truck is now delayed until November
The prototype may arrive in 2019, but with full production set to follow the Model Y, it's likely you won't drive the electric truck anytime soon.
An analyst who thinks Tesla is worth $0 sees even more bad news in August's delivery numbers
Tesla's "most ardent believers" will soon realize that the company "is not a viable business," said EdMcCabe of Highbridge Capital Managemen.
Elon Musk calls gas-powered cars a 'passing fad': 'They look cool in a museum'
Electric vehicles are making progress, but internal combustion engines still make up a vast majority of cars on the road today.