Tag TSLA

As head of ARK Invest, Cathie Wood is one of the few celebrities in the financial world. She has solidified her status as a trailblazer and oracle in her near-decade-leading ARK. Wood and her firm have become synonymous with forward-thinking investing, focusing on disruptive, game-changing technologies. And she is not afraid to take positions in "risky" companies. She bought stock in Tesla Inc (NASDAQ:TSLA) and NVIDIA Corporation (NASDAQ:NVDA) in 2016. Wood has big ideas and makes splashy predic...

After Ford failed to provide an enticing enough counter-offer, the United Auto Workers union expanded its strike against the automaker Oct. 11, targeting the company's immensely valuable Kentucky Truck plant. Cramer, previously warning the UAW that it was "playing with fire" by going up against the likes of Ford, predicted Oct. 5 that Ford might consider ramping up production in Mexico to keep costs sustainable...

Tesla said on Thursday it will offer a pay rise to workers at its German plant, where unions have said they earn below the industry average. The U.S. electric vehicle maker said it will inform staff in November of the level of the pay rise, adding it raised wages by 6% last year. Tesla, unlike other carmakers in Germany, does not have a collective bargaining agreement governing wages...

Tesla said it expected reductions in the $7,500 federal tax incentive that is currently applied to several of its vehicles. In an announcement on its website Oct. 12 the electric-vehicle leader said it expected the tax incentive for its most popular vehicle, the Model 3 sedan, to drop in half to $3,750 after Dec. 31. For two of the company's other models — the Model X full-size SUV and Model Y midsize SUV — the warning about a potential tax-credit reduction is more vague...

Cathie Wood has sold nearly 70,000 TSLA shares this week With Tesla announcing the IRA tax credit for the Model 3 will likely be reduced to $3,750 next year...

The company had just 50% of U.S. sales of electric vehicles in the third quarter. That low figure highlights the need for new models and more output...

Tesla now dominates just half of the market, down from the 62% it held in the first quarter, despite a price war started by the Elon Musk-led company to solidify its foothold in the competitive EV arena. However, the company could reverse the downward trend with the launch of its Cybertruck electric pickup truck, which is set to be delivered to customers in the current quarter, the market research firm said. "Higher inventory levels, more product availability, and downward pricing pressure have helped spur continued linear growth of EV sales in the U.S. market," Cox said...

Recessions and extended bear markets will always exist, and wishful thinking will not make them disappear. Explore more details here...