Scott Olson | Getty Images Check out the companies making the biggest moves in the afternoon: Target — The retailer’s shares fell more than 2% after earnings far exceeded Wall Street’s expectations. The company said its quarterly profit fell nearly 90% from a year ago. However, Target reiterated its full-year forecast, saying it is now … Read more
Last updated: August 16, 2022 at 9:27 PM ET First Release: August 16, 2022 at 9:09 PM ET Elon Musk is either going to play international football or else he may have scored an own goal and caused more trouble from the SEC. In a tweet late Tuesday, the CEO of Tesla Inc. TSLA: “I … Read more
Tesla Inc. has produced more than 3 million vehicles, according to Elon Musk, and a third of them are built in China. On Sunday, Tesla’s CEO congratulated the company’s “giga factory” in Shanghai. in a twot: “Congratulations Giga Shanghai on making the millionth car! Total Teslas have now made over 3 million.” The milestone came … Read more
Risk-averse investors have a new option to bet more safely on Tesla. Innovator ETFs launched the Innovator Hedged TSLA Strategy ETF (TSLH) last month, among other defined outcome products. According to Bruce Bond, CEO of the ETF, it gives investors exposure to the stock while largely avoiding volatility and valuation risks. It is a buffered … Read more
May 17, 2021, Brandenburg, Grünheide: Tesla CEO Elon Musk stands at the Tesla factory construction site and greets with his helmet. Image Alliance | Image Alliance | Getty Images Tesla has made more than three million cars, CEO Elon Musk tweeted Sunday. Of that total, Tesla’s Shanghai factory has made one million cars, according to … Read more
Billionaire George Soros’ investment fund has bought stakes in Tesla Inc. and Ford Motor Co. and added to existing interests in EV makers Lucid Group Inc. and Nio Inc., according to a filing late Friday. The fund acquired 29.5 million shares of Ford F, +2.21% in the reporting period ending in June, the filing showed. … Read more
Tesla cars charge next to a traditional Texaco gas station in Nephi, Utah, on July 17, 2022. With more electric cars on the road, the lack of charging infrastructure is becoming an increasing problem for EV owners. George Frey | Getty Images According to several companies and a group representing major automakers such as General … Read more
Check out the companies that make headlines before the bell: Wendy’s (WEN) – Shares of Wendy’s fell 1% in premarket trading after a mixed quarter, in which the restaurant chain reported better-than-expected earnings, while sales lagged Street forecasts. Sales of the same restaurants in the US rose 2.3%, less than analysts had estimated, as consumers … Read more
But the auto industry warns that the vast majority of EV purchases do not qualify for such a large tax break. That’s mainly because of the bill’s requirement that to qualify for the credit, an electric vehicle must contain a battery built in North America with minerals mined or recycled on the continent. And those … Read more
NEW YORK, NEW YORK – MAY 02: Elon Musk attends the 2022 Met Gala celebrating “In America: An Anthology of Fashion” at the Metropolitan Museum of Art on May 02, 2022 in New York City. (Photo by Dimitrios Kambouris/Getty Images for The Met Museum/Vogue) Dimitrios Kambouris | Getty Images Entertainment | Getty Images Tesla CEO … Read more
