The Dow Jones rose Friday, as third-quarter earnings kick off with results from UnitedHealth and JPMorgan. Netflix slid on a downgrade...
Continue ReadingRevolutionizing space travel, transportation and the electric vehicle sector is, apparently, not enough for Tesla Chief Elon Musk. As anxious customers continue to await the delivery of the long-awaited Cybertruck, Tesla has started selling a limited-edition set of beer, christened: "CyberBeer + CyberStein." The new product, designed to be reminiscent of the Cybertruck's particularly angular design, costs $150 for just two bottles of beer, described by Tesla as "a Helles Lager with European Noble Hops Saaz and Hallertau Mittlefruh."...
Continue ReadingMichael Gonzalez exploited a weakness at Tesla while it was still just a challenger brand, making off with over a half million dollars worth of fraudulently obtained EVs...
Continue ReadingAgainst the backdrop of an ongoing electric vehicle price war which saw Tesla slash its prices by around 25% year over year, the EV leader's third-quarter sales surged close to 20% compared to the year-ago period. Despite this, Tesla's consistently dominant share of the EV market continues to shrink, according to a new report by Cox Automotive. As other automakers have raced to be competitive in the EV market, with BMW and Mercedes EV sales more than triple last year's numbers, Tesla's share of the market dropped to a record low of 50% in the third quarter...
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Continue ReadingTesla produces electric vehicles, solar panels and roof tiles, and battery storage systems. Learn why I currently rate TSLA stock a Buy...
Continue ReadingTesla Inc will urge a Delaware judge on Friday to reject $230 million in legal fees requested by a team of shareholder attorneys who won a settlement in a dispute over director pay. The maker of electric vehicles called the fee request an "unwarranted windfall" that works out to an hourly rate of $10,690, one of the highest fee requests ever in Delaware's Court of Chancery, a key venue for shareholder lawsuits. The company wants Kathaleen McCormick, chief judge on the court, to approve a fee of no more than $64 million...
Continue ReadingTesla Inc will urge a Delaware judge on Friday to reject $230 million in legal fees requested by a team of shareholder attorneys who won a settlement in a dispute over director pay. The maker of electric vehicles called the fee request an "unwarranted windfall" that works out to an hourly rate of $10,690, one of the highest fee requests ever in Delaware's Court of Chancery, a key venue for shareholder lawsuits. The company wants Kathaleen McCormick, chief judge on the court, to approve a fee of no more than $64 million...
Continue ReadingFord (F), General Motors (GM) and Mercedes-Benz (MBGAF) emerge as a few leading American EV makers while Tesla's (TSLA) share shrinks...
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