The market rallied into Thanksgiving. Nvidia fell on earnings, but rival AMD broke out. Tesla discounts are ramping up after Elon Musk's "truth" post...
Continue ReadingA jury should decide whether Tesla and Elon Musk oversold the capabilities of the electric car company's Autopilot system and caused the fatal crash of a software engineer who engaged it, took his hands off the steering wheel and seconds later slammed into a truck, a Florida judge has ruled. Circuit Judge Reid Scott rejected Tesla's motion to summarily dismiss Kim Banner's lawsuit accusing the company of causing her husband Jeremy Banner's death in 2019. In a 23-page ruling, Scott found that Kim Banner's attorneys presented sufficient evidence to let the case proceed to trial sometime next year...
Continue ReadingThe S&P 500 added 0.4% on Wednesday, Nov. 22, 2023, heading into the Thanksgiving break with a bounce back after its five-day winning streak ended Tuesday...
Continue ReadingMagnificent Seven tech giants had impressive performance in 2023, with high valuations and a concentrated bet on these stocks. Read more on these stocks here...
Continue ReadingU.S. equities rallied back from Tuesday's declines at midday on Wednesday, Nov. 22, 2023 ahead of the Thanksgiving holiday...
Continue ReadingSeveral shareholders have criticized Musk’s actions after the Tesla CEO commented on an antisemitic post...
Continue ReadingEvery day, it seems another electric vehicle manufacturer is launching, revealing or unveiling their latest model to compete with Tesla's best-selling car in the world, the Model Y crossover sports utility vehicle. Chinese EV maker BYD is Tesla's biggest rival worldwide with most of its sales in the world's largest EV market, China. Next to Tesla, BYD is the EV maker that automakers are challenging in production and sales worldwide...
Continue ReadingCharging is an undeniable reality of electric car ownership. Tesla, however wants to take a crack at it. This fee is not to be confused with idle fees, which charges drivers per minute when their cars remain plugged into charging stations after they are fully charged, however, the same sort of logic applies here...
Continue ReadingGoldman Sachs is predicting good news for an electric vehicle market hit by lagging demand, with falling prices the key factor...
Continue ReadingDiscounts of almost $3,000 for Model Y electric vehicles in inventory have popped up on Tesla's website...
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