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The decline was accelerated after the company last month forecast "notably lower" growth for deliveries in 2024, compared with a 21% rise last year. German publication Handelsblatt said in a report that SAP will no longer source company cars from Tesla due to delay in deliveries and price fluctuations. Still, Tesla's stock was trading at 57.75 times its 12-month forward earnings estimates, compared with 24.10 and 40.97 for Meta Platforms and Amazon.com, the EV maker's peers among the Magnificent Seven stocks...
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Last week, earnings from Microsoft Corporation (NASDAQ: MSFT), Google-parent Alphabet (NASDAQ: GOOG)(NASDAQ: GOOGL), Apple Inc (NASDAQ: AAPL) and Meta Platforms (NASDAQ: META) closed out January. Amazon stock rose more than 8% on Thursday in after-hours trading as the e-commerce and cloud titan reported better than expected fourth quarter figures that showed its earnings bounced back. Although Apple also surpassed Wall Street’s estimates and reported for the first time in a year its revenue grew...
Continue ReadingShares of Microsoft Corp. shed 1.35% to $405.65 Monday, on what proved to be an all-around rough trading session for the stock market, with the S&P 500 Index.....
Continue ReadingShares of Tesla Inc. slid 3.65% to $181.06 Monday, on what proved to be an all-around poor trading session for the stock market, with the NASDAQ Composite.....
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Shares of Amazon.com Inc. slid 0.87% to $170.31 Monday, on what proved to be an all-around rough trading session for the stock market, with the S&P 500 Index.....
Continue ReadingTSLA stock is testing recent lows as consensus forecasts have Tesla earnings falling for another year. The EV giant upped the U.S. price of its Model 3 Long Range variant...
Continue ReadingAlphabet barely made a dent in its leading cash balance, though it appears it certainly tried...
Continue ReadingHere's all the tech news you need to know today...
Continue ReadingEconomic data point to a soft landing, and the numbers are why bad news hasn’t made much of a dent...
Continue ReadingThe Dow Jones sold off 370 points Monday after Caterpillar and McDonald's reported earnings. Nvidia stock surged to more record highs...
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