Tesla shares dropped sharply on Thursday, sliding 9% in midday trading as investor concerns grew over potential changes to federal electric vehicle (EV) tax credits — and a shifting stance by CEO Elon Musk. The stock's decline follows reports that Musk is now actively...
In a major milestone for the electric vehicle (EV) sector, Chinese automaker BYD has reported a record-breaking annual revenue of 777 billion yuan ($107 billion) for the year 2024, surpassing its U.S. rival, Tesla, in terms of financial performance. This remarkable...
Tesla's stock (TSLA) has taken a significant hit, sitting at about $226 today, down more than 52% from its peak of $479 in December 2024. This sharp decline marks a challenging period for the electric vehicle giant and its CEO, Elon Musk, whose personal wealth is...
Nikola Corporation (NKLA), the company once hailed as a pioneer in hydrogen fuel and battery-powered trucks, experienced a sharp decline in its stock price on Wednesday following a bankruptcy filing in the United States. This comes on the heels of its founder, Trevor...
Uber Technologies saw a significant jump in its stock price on Friday, following the announcement that billionaire hedge fund manager Bill Ackman had taken a notable position in the company. Ackman, the founder and CEO of New York-based Pershing Square Capital...
Aurora Innovation (AUR), a leader in autonomous trucking, experienced a dramatic surge in its stock price, rising over 30% by 11 am EST after announcing a strategic partnership with Nvidia (NVDA) to scale the deployment of self-driving trucks. The deal, unveiled at...
Tesla's stock (TSLA) faced a sharp decline on Tuesday afternoon following a significant legal setback for CEO Elon Musk. A Delaware court once again struck down Musk’s controversial $56 billion pay package, rejecting his appeal to revise a previous ruling. The...
In an impressive surge, Tesla Inc. (NASDAQ: TSLA) saw its stock price rise by more than 10% during afternoon trading on Friday, propelling the electric vehicle giant’s market capitalization past the $1 trillion mark. The rally comes amid growing optimism among...
Tesla, Inc. (TSLA) saw a significant boost in its stock price on Thursday morning, surging by 18% in early trading following the release of its quarterly earnings report. Investors reacted positively to the results, which, while mixed in some areas, highlighted the...
Tesla (TSLA) is set to report its earnings after the market closes on Wednesday, and analysts have their eyes on key figures. The consensus estimate for earnings per share (EPS) stands at 58 cents, with anticipated revenue reaching $25.37 billion, according to LSEG...
In a historic vote on Tuesday, the U.S. Senate passed the GENIUS Act, a sweeping bill that for the first time establishes federal standards for U.S. dollar-pegged stablecoins. The legislation passed 68–30, marking a significant step in integrating digital assets into...
By all appearances, Philip Morris International (PM) is having a moment. Fueled by the explosive popularity of its smoke-free nicotine pouch product Zyn, the company’s stock recently hit a record high, and Wall Street analysts still see "impressive growth" ahead. For...
Artificial Intelligence (AI) is reshaping the global economy at a rapid pace, disrupting traditional labor markets while also opening up new frontiers of productivity and innovation. As AI technologies mature, they are altering how businesses operate, the kinds of...