Tesla China (TSLA) offers cash discounts on select Model Y EVs

Tesla (TSLA) sinks as SAP moves away from EV giant

February 5, 2024 3:12 PM EST

Tesla's (NASDAQ: TSLA) stock dropped nearly 6% on Monday following reports that German software firm SAP would stop buying electric cars from the company.

Tesla's shares fell to $177.27, the lowest since May 2023, and has traded down 28% this year. The decline accelerated after Tesla projected "notably lower" delivery growth in... More

Global BEV sales reach a new high

February 5, 2024 11:56 AM EST

Bank of America tracked electric vehicle sales for December and FY 2023 finding in December 2023 that global Battery Electric Vehicle (BEV) sales achieved a record high of 1.1 million units, marking a 19% YoY increase and pushing the penetration rate beyond 14% for the first time.

China experienced a resurgence in BEV sales, rising by 38% YoY in December and 32% in the 4Q. Meanwhile, the EU saw a 20% decline in December due to the phasing out of subsidies the previous... More

Activist investors target change at Tesla (TSLA) following Elon Musk pay ruling

February 2, 2024 11:36 AM EST

In a recent development, activist investors targeting Tesla's (NASDAQ: TSLA) board for allegedly failing to curb CEO Elon Musk's influence believe a recent court ruling on Musk's $56 billion stock compensation may be the catalyst they need for meaningful reforms.

The pivotal moment arrived with a Delaware judge voiding Musk's record-breaking compensation, signaling... More

U.S. regulators upgrade Tesla (TSLA) power steering probe

February 2, 2024 9:59 AM EST

U.S. safety regulators have upgraded their probe into Tesla (NASDAQ: TSLA) and are looking more closely into power steering issues in the companys vehicles, taking the next step toward a potential recall.

The National Highway Traffic Safety Administration (NHTSA) announced an investigation covering around 334,000... More

Tesla (TSLA) recalls nearly 2.2M EV's in US

February 2, 2024 8:36 AM EST

Electric vehicle giant, Tesla Inc. (NASDAQ: TSLA) is recalling nearly 2.2 million EVs in the U.S. due to the size of the font on the vehicles warning lights.

According to the NHTSA release, Tesla's chosen font size for the affected vehicles fails... More

Midday movers: Ferrari races higher, Qualcomm sputters, and more

February 1, 2024 8:25 AM EST

(Updated - February 1, 2024 12:02 PM EST)

Investing.com -- U.S. futures rose Thursday as investors digested news from the latest Federal Reserve policy-setting meeting ahead of the release of more earnings from mega-cap tech companies.

Here are some of the biggest U.S. stock movers today:

Qualcomm (NASDAQ: QCOM) stock fell 4.1% despite the chipmaker reporting better-than-expected first-quarter results as a recovery in smartphone demand boosted handset chip sales, with investors wary of signs of weakness in the key Chinese market.

Royal Caribbean (NYSE:... More

Tesla’s (TSLA) Elon Musk seeks shareholder vote to incorporate in Texas

February 1, 2024 8:18 AM EST

In a late Wednesday announcement, Tesla CEO Elon Musk revealed plans to conduct a shareholder vote to decide whether to shift its state of incorporation to Texas.

Musk conducted an informal poll on X (formerly Twitter), where over 80% of respondents favored the move. Following this, Musk expressed the... More

Powell's rate comments, tech giants to report - what's moving markets

February 1, 2024 5:48 AM EST

Investing.com -- Federal Reserve Chair Jerome Powell tempers expectations that the central bank will soon begin to slash interest rates, as he seeks further evidence that inflation in the U.S. is continuing to cool. The Fed also holds borrowing costs at 23-year highs after its latest policy meeting, but ditches prior language flagging the potential of additional hikes. U.S. stocks slip after the gathering, while investors gear up for a fresh batch of earnings from tech giants, Apple (NASDAQ: AAPL), Amazon.com (NASDAQ: AMZN), and Meta... More

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February 1, 2024 4:05 AM EST

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Musk seeks Tesla shareholder vote on moving incorporation to Texas

February 1, 2024 12:17 AM EST

By Shubham Kalia, Maria Ponnezhath and Samrhitha A

(Reuters) -Tesla CEO Elon Musk said on Thursday the company will hold a shareholder vote to transfer its state of incorporation to Texas from Delaware, after a judge invalidated his $56 billion pay package at the electric vehicle (EV) maker.

Delaware judge Kathaleen McCormick had on Tuesday called the 2018 share-based pay package - the largest in corporate America - "an unfathomable sum" that was unfair to shareholders and found it was negotiated by directors who appeared beholden to Musk.

"Never incorporate your company in the state of Delaware,"... More

Tesla China offers cash discounts for some Model Y types

January 31, 2024 9:54 PM EST

BEIJING (Reuters) - Tesla China is offering 8,000 yuan ($1,114) of cash discounts from Thursday for some types of Model Y vehicles, it said on its official social media account.

Tesla has also upgraded the Model Y in China with Hardware 4.0, its latest generation of hardware capable of powering its Full... More

Tesla (TSLA) continues to fall in pre-market after judge rejects CEO Musk's $56B compensation package

January 31, 2024 9:02 AM EST

Shares of Tesla (NASDAQ: TSLA) are trending down almost 3% in pre-market trading Wednesday morning as the market continues to process the news out of Delaware where a judge ruled to void Elon Musk's $56B pay package.

A Delaware judge supported investor plaintiffs who... More

Midday movers: Boeing flies, Alphabet flops, and more

January 31, 2024 7:57 AM EST

(Updated - January 31, 2024 11:29 AM EST)

Investing.com -- U.S. futures traded lower Wednesday as investors digested earnings from some tech giants ahead of the conclusion of the latest Federal Reserve policy-setting meeting.

Here are some of the biggest U.S. stock movers today:

Alphabet (NASDAQ: GOOGL) stock slumped 6.4% after the Google-parent reported holiday-season advertising sales below expectations and projected higher spending this year on artificial intelligence.

Microsoft (NASDAQ: MSFT) stock fell 1% after the software giant forecast rising costs to develop new... More

Fed decision ahead; Microsoft, Alphabet's AI costs - what's moving markets

January 31, 2024 5:40 AM EST

Investing.com -- U.S. stock futures are mixed as investors await a major Federal Reserve interest rate decision and potential commentary on future borrowing costs from the central bank. Microsoft (NASDAQ: MSFT) and Google-owner Alphabet (NASDAQ: GOOGL) warn that spending on developing their artificial intelligence capabilities will be higher this year, offsetting a strong set of quarterly earnings from the tech giants. Elsewhere, Elon Musk's massive Tesla (NASDAQ: TSLA) pay package worth nearly $56 billion is voided by a Delaware... More

Active options: TSLA AMD NVDA AAPL MSFT SOFI AMZN C GOOG

January 31, 2024 5:33 AM EST

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What investors and legal experts are saying about Elon Musk's voided $56 billion pay package

January 30, 2024 9:30 PM EST

(Reuters) - A Delaware judge tossed out Elon Musk's record-breaking $56 billion Tesla pay package on Tuesday, calling the compensation granted by the EV maker's board "an unfathomable sum" that was unfair to shareholders.

Here are some reactions to the ruling:

KRISTIN HULL, FOUNDER OF NIA IMPACT CAPITAL, WHICH OWNS TESLA SHARES:

The court's decision "really speaks to the power of a shareholder to get involved with the board is not doing its job. We've seen the board is beholden to him. This is the bro-show.... More

Elon Musk asks X if Tesla should change incorporation state to Texas, majority voting Yes

January 30, 2024 7:59 PM EST

(Updated - January 30, 2024 8:03 PM EST)

Several hours after a judge in Delaware judge ruled to void Elon Musk's $56B pay package at Tesla (NASDAQ: TSLA), the billionaire took to X (formerly Twitter) to ask users if the EV maker should switch its... More

Tesla's (TSLA) Musk on X: Never incorporate your company in the state of Delaware

January 30, 2024 5:17 PM EST

(Updated - January 30, 2024 5:18 PM EST)

Elon Musk of Tesla (NASDAQ: TSLA) took to X (Twitter) to express his frustration following today's court ruling rejecting his $55B pay package at Tesla:

https://x.com/elonmusk/status/1752455348106166598?s=20

... More

After-hours movers: Microsoft, AMD, Alphabet, and Tesla

January 30, 2024 4:58 PM EST

After-Hours Stock Movers:

Microsoft (NASDAQ: MSFT) stock declined 1.2% despite reporting better than expected quarterly earnings per share and revenue, as cloud growth disappointed investors.

Googles parent Alphabet Inc. (NASDAQ: GOOGL) declined 4% despite a better... More

Tesla (TSLA) trades lower after judge rejects Musk's $56B compensation package

January 30, 2024 4:55 PM EST

(Updated - January 30, 2024 4:57 PM EST)

Shares of Tesla (NASDAQ: TSLA) are trading around 3% lower in the after-hours on Tuesday, after a Delaware judge ruled to void Elon Musk's $56B pay package.

A Delaware judge sided with investor plaintiffs who challenged Musk's controversial... More

Elon Musk's $55B Tesla Pay Package Rejected by Judge

January 30, 2024 4:41 PM EST

(Updated - January 30, 2024 4:44 PM EST)

Elon Musk's $55B Tesla (NASDAQ: TSLA) Pay Package Rejected by Judge

Delaware Judge ruled in favor of plaintiffs challenging Elon Musk's $56B Tesla pay package.Judge directs parties to confer on final form of order to implement her decision.

... More

Active options: TSLA NVDA AMD AAPL AMZN SOFI C MSFT PFE BAC NU LCID

January 30, 2024 2:01 PM EST

Active options: TSLA NVDA AMD AAPL AMZN SOFI C MSFT PFE BAC NU LCID

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Ark's Cathie Wood buys Tesla (TSLA) on 12% dip

January 30, 2024 12:22 PM EST

In the face of Tesla's (NASDAQ: TSLA) recent market turbulence, Ark Invest, led by Cathie Wood, has doubled down on its support for the electric vehicle (EV) giant.

The investment firms Ark Innovation ETF (ARKK) purchased 148,246 Tesla shares on Thursday, while the Ark Next Generation Internet ETF (ARKW) added 29,624 shares. The combined total of... More

TActive options: TSLA SOFI NVDA AAPL AMD MARA LCID MSFT RIVN INTC

January 30, 2024 9:49 AM EST

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General Motors annual earnings outlook tops estimates

January 30, 2024 7:05 AM EST

(Updated - January 30, 2024 9:07 AM EST)

Investing.com -- General Motors (NYSE: GM) has unveiled a full-year profit forecast that beat Wall Street estimates, giving lift to shares in the U.S. carmaker in premarket trading on Tuesday.

Adjusted earnings per share in 2024 is seen coming in at $8.50 to $9.50, topping Bloomberg consensus estimates of $7.70.

In a letter to shareholders on Tuesday, Chief Executive Mary Barra said that the company is "well-positioned" for a year of strong financial performance, arguing that ongoing resilience in the U.S. economy and jobs market... More

U.S. futures subdued; Microsoft, Alphabet to report - what's moving markets

January 30, 2024 5:41 AM EST

Investing.com -- U.S. futures hovered broadly around the flatline on Tuesday, with traders gearing up for a flurry of earnings, data, and central bank decisions this week. Artificial intelligence is set to be a major focus in the latest quarterly reports from tech behemoths Microsoft (NASDAQ: MSFT) and Alphabet (NASDAQ: GOOGL) later today. Boeing (NYSE: BA) scraps an application to speed up the official certification of its upcoming 737 Max 7 jet following heavy scrutiny from U.S. lawmakers.

... More

Active options: SOFI TSLA NVDA AMD AAPL AMZN MSFT MARA INTC

January 30, 2024 4:15 AM EST

Active options: SOFI TSLA NVDA AMD AAPL AMZN MSFT MARA INTC

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