Tesla surged early Monday on news the EV giant has been given approval for full self-driving in China...
Continue ReadingThe U.S. Supreme Court declined on Monday to hear Elon Musk's bid to throw out part of a securities fraud settlement with the Securities and Exchange Commission restricting the billionaire businessman's public statements about his electric car company Tesla. The justices turned away Musk's appeal of a lower court's decision upholding the 2018 settlement reached after he said on social media that he had "funding secured" to take Tesla private - a statement the SEC in a legal action called false and misleading. Musk's settlement resolved the SEC lawsuit accusing him of defrauding investors...
Continue ReadingTesla Inc. (TSLA) shares are trading higher on Monday, boosted by the news surrounding CEO Elon Musk's unannounced trip to China on Sunday. According to a Bloomberg report, Beijing has tentatively approved the launch of Tesla's "Full Self-Driving" or FSD vehicle software in the Chinese market. Yahoo Finance's Akiko Fujita breaks down the details, providing insight into what China's backing could mean for the automaker's revenue prospects. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. Editor's note: This article was written by Angel Smith...
Continue ReadingBYD's Q1 earnings rose 11% vs. a year earlier, but fell 47% vs. Q4 and missed views. The China EV giant's sales are rebounding due to price cuts...
Continue ReadingThe EV make cleared a huge regulatory hurdle in its biggest market...
Continue ReadingThe market may not be as tethered to the Fed as people think. The yen's freefall prompts intervention to support it. Apple gets an upgrade ahead of earnings...
Continue Reading(Bloomberg) -- Elon Musk was in dire need of a quick win for Tesla Inc. If that meant flying to China a week after standing up Indian Prime Minister Narendra Modi, then so be it.Most Read from BloombergMusk Leaves China With Tesla Driving Software Hurdles ClearedMusk Makes Surprise China Visit in Search of Tesla Revenue BoostElliott Built ‘Large’ Stake in Buffett-Favored Sumitomo, Source SaysYen Sparks Intervention Suspicion After U-Turn From 1990 LowsYen Watchers Ask When Japan Will Step In as...
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Continue ReadingAlphabet (GOOGL) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock...
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