Tesla, Snap, Novavax and Goldman Sachs fall premarket

Go back to Tesla, Snap, Novavax and Goldman Sachs fall premarket

Volkswagen investors return to criticizing CEO’s dual roles

December 16, 2022 2:14 PM EST

Volkswagen investors return to criticizing CEO Oliver Blume's dual roles on Friday even after the company approved a roughly 9.6 billion euro ($10.2 billion) special dividend following the listing of Porsche AG.

Blume became CEO of the company in September but has continued as CEO of luxury brand Porsche even after... More

Tesla (TSLA) launches virtual power plant program 'Tesla Electric'

December 16, 2022 11:39 AM EST

Electric vehicle maker, Tesla (NASDAQ: TSLA) recently launched a virtual power plant (VPP) program called Tesla Electric, where customers can sell electricity automatically from their Powerwall back to the grid. The program is currently only operating in Texas, and only select customers are invited to join.

Its a special electric plan for Powerwall owners. Tesla writes about its new product on its website: Solar and Powerwall can help you and your community accelerate the transition to sustainable energy. With Tesla Electric, your Powerwall automatically... More

Jefferies below consensus on The Trade Desk growth, sees several headwinds for Snap

December 15, 2022 2:09 PM EST

Jefferies analyst James Heaney downgraded both The Trade Desk Inc. (NASDAQ: TTD) and Snap (NYSE: SNAP) to Hold from Buy in a note on the 2023 digital ad outlook on Thursday.

"In our view, the street is overly optimistic on digital advertising growth in '23 and '24," writes Heaney. "Accordingly, we lower our '23 revenue ests across our coverage by 3-7% bringing us 5-10% below... More