A report says Exxon Mobil is close to acquiring Pioneer Natural Resources in a deal that could be worth about $60 billion, Tesla is cutting prices of its Model 3 and Model Y vehicles in the U.S., and Rivian rises modestly after a record share slump...
Continue ReadingTesla's Q2 revenue exceeds expectations, but concerns arise over high valuation and volatility. Click here for more on my view of TSLA stock prospects...
Continue ReadingElon Musk-led Tesla on Thursday cut prices of its Model 3 and Model Y vehicles in the U.S. in a range of 2.65% to 4.23%, according to the electric vehicle (EV) maker's website. Tesla cut the prices for its Model 3 sedan to $38,990 from $40,240, while the price for its Model Y long-range vehicle was cut to $48,490 from $50,490, the website showed. The company also cut prices for its Model Y performance variant to $52,490 from $54,490...
Continue ReadingTesla cut the prices for its Model 3 sedan to $38,990 from $40,240, while the price for its Model Y long-range vehicle was cut to $48,490 from $50,490, the website showed. The company also cut prices for its Model Y performance variant to $52,490 from $54,490. The price for the base Model Y, which Tesla reintroduced earlier this week, remained the same at $43,990...
Continue ReadingElon Musk-led Tesla on Thursday cut prices for its Model 3 and Model Y vehicles in the U.S., according to the electric vehicle maker's website. Tesla slashed the prices for its Model 3 sedan to $38,990 from $40,240, while the price for its Model Y long-range vehicle was cut to $48,490 from $50,490 in the U.S, the website showed...
Continue ReadingThe Dow Jones rallied off lows after a Federal Reserve official spoke. The SEC sued Tesla CEO Elon Musk. The jobs report looms...
Continue ReadingThe major indexes slashed losses Thursday, but they haven't done this yet. Nvidia, Meta and Tesla are stocks to watch. The September jobs report is on tap...
Continue ReadingThe S&P 500 is not a purely passive index, as it is actively managed and has specific criteria for inclusion. Read more on the market outlook here...
Continue ReadingElon Musk's SpaceX has been sued by a female former employee who claims the rocket and satellite company pays and promotes women and minorities less than white men. Former SpaceX engineer Ashley Foltz filed the proposed class action in California state court on Tuesday, saying the company paid her $92,000 per year while men with similar duties and qualifications were paid up to $115,000. California law prohibits employers from paying workers less than colleagues who perform "substantially similar work" based on their sex, race or ethnicity...
Continue Reading(Bloomberg) -- The US Securities and Exchange Commission is seeking to force Elon Musk to testify as it investigates the billionaire’s purchases of Twitter Inc. shares ahead of his takeover of the social media platform.Most Read from BloombergAlmost Anyone Can Become the House Speaker, Except Donald TrumpOzempic Is Making People Buy Less Food, Walmart SaysOnly an Equities Crash Can Rescue the Bond Market, Barclays SaysThe Moral Case for No Longer Engaging With Elon Musk’s XIt's Done. The Future...
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