The U.S. Securities and Exchange Commission will try to force Elon Musk to testify over his Twitter stock purchases. The federal agency charged with regulating securities markets is currently investigating Musk for allegedly violating securities laws when he bought Twitter shares before buying the social media platform, which he has since renamed X. Buying Twitter stock before acquiring the company could mean Musk was guilty of insider trading, market manipulation or even violation for fair mark...
Continue ReadingEV stocks have multiplied in Tesla’s wake and as electric cars look to go mainstream. Here are the top-rated electric-vehicle makers...
Continue ReadingUnited Auto Workers President Shawn Fain will speak again on Friday afternoon at 2 p.m. Eastern in a bargaining update for members and investors. Before the UAW began its strike against the Detroit Three auto makers— General Motors ticker: GM), Ford Motor (F), and Stellantis (STLA)—on Sept. 15...
Continue ReadingA Tesla engineer in court on Wednesday rejected a lawyer's suggestion that the company named its driver-assistant feature "Full Self-Driving" because it wanted people to believe that its systems had more abilities than was really the case. The electric-vehicle maker is defending itself at the first U.S. trial over allegations that Tesla's Autopilot feature led to a death. The lawsuit, filed in a California state court, alleges the Autopilot system caused owner Micah Lee’s Model 3 to suddenly veer off a highway east of Los Angeles at 65 miles per hour (105 kph), strike a palm tree and burst into flames, all in the span of seconds...
Continue ReadingToyota is targeting the luxury midsize crossover SUV segment with its new TX model. Click here to read an analysis of TM stock now...
Continue ReadingLearn who the top 10 billionaires in the world are and how they built their wealth...
Continue ReadingMEXICO CITY (Reuters) -Tesla has asked for infrastructure to be built in the northern Mexican state where the carmaker plans to construct a new automotive plant, the state's government said on Thursday. The company controlled by Elon Musk requested the Nuevo Leon state government build energy, water, road and rail infrastructure, the state said in a statement. The so-called "Gigafactory" is set to bring in an estimated $15 billion over the next two years through Tesla and its suppliers, Nuevo Leon Governor Samuel Garcia said last month...
Continue ReadingRivian's shares slumped by around 20% due to investor concerns about a convertible debt offering. Read why RIVN stock is a hold...
Continue ReadingCathie Wood unloaded nearly 100,000 TSLA shares Wednesday as Tesla surged, leading the S&P 500 and moving above its 50-day line...
Continue ReadingHyundai (HYMTF, 005380.KS) announced that by its fourth quarter of 2024, it will adopt the Tesla (TSLA) style charger — also known as the North American style charger — for its EVs. Tesla charging stations are more widely available than its competitors, with over 12,000 charging stations in the U.S. and over 40,000 globally. Yahoo Finance's Seana Smith and Brad Smith break down Hyundai's announcement and its broader EV consumer appeal. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live...
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