Tag TSLA

Lululemon, Apple, Tesla, Novo Nordisk and DraftKings have been highlighted in this Investment Ideas article...

Growing sales are nice, but burning cash and a disclosure of material weakness in financial controls is troubling news...

(Bloomberg) -- Fallout from an Elon Musk post that endorsed antisemitic views spread Thursday, prompting outrage from an investor in his electric-vehicle company Tesla Inc. Hours earlier, a major advertiser said it would pull ads from X over pro-Nazi content on the Musk-owned blogging site.Most Read from BloombergAston Martin Owner Lawrence Stroll Sells F1 Team Stake at £1 Billion ValuationHamas Mastermind Who Tricked Israel Is Top Target in Gaza TunnelsApple Plans to Make It Easier to Text Betw...

The stock fell roughly 4% Thursday after Musk highlighted an antisemitic conspiracy theory, then issued a series of seemingly bigoted tweets on X, the social media platform he bought last year. Musk first praised a (verified) user — called "The Artist Formerly Known as Eric" — for saying that "Jewish communities" have been pushing "hatred against whites." Musk, who leads SpaceX, X, xAI, Neuralink and the Boring Company, in addition to Tesla, has a net worth of $225 billion, according to Bloomberg...

Automaker Tesla did not infringe on its workers’ rights to unionize when it ordered employees at a California assembly plant to stop wearing T-shirts emblazoned with the United Auto Workers logo, a federal appeals court has ruled. The 5th U.S. Circuit Court of Appeals threw out a 3-2 decision issued last year by the National Labor Relations Board, which had said Tesla couldn’t prohibit union attire. The court opinion noted that Tesla allowed workers to affix “any number or size” of pro-union stickers to company-issued clothing...

On Wednesday, XPeng Inc (NYSE: XPEV) delivered its third quarter results that showed aggressive promotions with which the EV maker responded to Tesla Inc (NASDAQ: TSLA), who kicked off a price war at the beginning of a year, took a toll on its bottom line. XPeng Reported Its Losses Widened For the quarter ended on September 30th, revenue surged 22% YoY to $1.17 billion, slightly missing FactSet’s estimate of $1.19 billion. But this is XPeng’s first revenue gain since 2022’s third quarter as well...

Elon Musk, the CEO of Tesla and owner social-media platform X, is no longer a speaker at the 2023 APEC CEO Summit in San Francisco. It wasn’t immediately clear why his name was removed from the agenda, but the change came after Musk backed a claim that Jewish communities are pushing hatred against whites. Musk had been scheduled to co-host a session with Salesforce (CRM) CEO Marc Benioff on Thursday afternoon called “a conversation on AI and the Future,” according to the agenda of the summit...

Rogan had Johnson on "The Joe Rogan Experience" podcast on Wednesday, Nov. 15, and at one point the two talked cars, particularly Tesla vehicles. Johnson had apparently never seen the Cybertruck yet, so Rogan went on to show him photos of Tesla's newest vehicle. The Rock didn't necessarily affirm that he was going to purchase the vehicle, nor did he affirm whether Rogan's pitch was convincing...

Lucid, known for its flagship Air luxury electric sedan, unveiled the much-awaited Gravity sport utility vehicle on Thursday, driving the startup into a lucrative section of the U.S. auto industry amid growing caution over slowing EV demand. Though the 5.3-meter-long, three-row Gravity will come with a battery pack similar to the Air, the vehicle has been designed on a new platform from the ground up, Lucid's Chief Executive Officer Peter Rawlinson told Reuters at a preview this month. "The Gravity will significantly expand our market opportunity, and open up a total addressable market that is nearly 3X larger and growing," Rawlinson told analysts on a post-earnings conference call last week...