Meta Platforms surprised Wall Street Thursday by initiating a cash dividend. Meta said it would start paying a 50-cent quarterly dividend, which works out to a yield of less than 0.5% with Meta shares surging 13% to $447 in after-hours trading. Meta’s new dividend could broaden Meta’s institutional ownership to investors who want or need dividends in their holdings...

It is well known that Tesla Inc. CEO Elon Musk is a huge cryptocurrency proponent. From allowing customers to buy Tesla cars with Dogecoin (DOGE) to seemingly incessant support on social media, Musk has made his adoration for crypto known over the years. However, Musk and Tesla showed that some actions speak louder than words. In February 2021, the company made a landmark investment of $1.5 billion in Bitcoin. The investment was meant to earn extra returns on cash that would have earned little t...

Volvo, owned by China’s Geely, reported deliveries surged in 2023 to 708K cars, resulting in SEK 399.3 billion ($38.37 billion) in revenue, a 21% jump from a year ago...

The company will hold a shareholder vote to decide whether to transfer its state of incorporation from Delaware, its CEO said...

"Delaware is the king of corporate law."...

At roughly $12,000 more than a Tesla Model Y and lagging in range, charging and performance, the XC40 Recharge is behind the curve, says Dan Neil, given where the EV market is heading...

Tesla opened its first South American store this week, displaying its sleek electric vehicles (EVs) at an upscale mall in Chile's capital Santiago, as the automaker grapples with a slowdown in EV demand and the growth of Chinese rivals. Tesla has retail outlets in Mexico but had yet to expand into South America, according to its website. Chile has a target to sell only electric vehicles by 2035, although EV-adoption is still low in general in Latin America, with consumers wary of high prices and limited charging station networks...