Tag TSLA

NEW YORK/PARIS (Reuters) -A race by crypto companies to sell tokens pegged to stocks is raising alarm bells among traditional financial firms and regulatory experts who warn that the fast-growing novel products pose risks to investors and market stability. Buoyed by President Donald Trump's pro-crypto stance and his administration's push for friendly regulations, the crypto industry is rushing to capitalize on a global surge in enthusiasm for the sector. Robinhood, Gemini and Kraken among others have launched tokenized stocks in Europe, while Coinbase, Robinhood and startup Dinari are seeking approval to launch similar products in the United States...

The major indexes fell Tuesday fell on Oracle AI fears, but not that much. Tesla stock retreated on a cheap Model Y that isn't so cheap...

Here is your daily stock market update...

Their respective declines broke the S&P 500's 7-day winning streak...

The electric vehicle maker's sales unexpectedly jumped in September. Is this a turning point?...

Gold prices topped $4,000 for the first time ever, while the S&P 500 snapped a 7-day winning streak. Plus, Tesla is rolling out cheaper cars...

STORY: Tesla revealed a lower-cost version of its best-selling Model Y SUV and Model 3 sedan on Tuesday in a bid to put its falling sales in reverse.The electric vehicle maker said Tuesday the new SUV starts at just under $40,000, while the sedan starts at around $37,000.They're calling the new models "Standard" versions, which have no Autosteer, driver assistance or rear passenger touchscreens.They'll also have less powerful acceleration than the current models, which Tesla is now calling Premium.CEO Elon Musk has promised mass-market Teslas for years but canceled plans last year to build an all-new car set at an even lower price point, $25,000.Then last October he said they would be priced below what he called a ‘key threshold’ of $30,000 once the US EV tax credit was factored in.Last month, the tax credit ended, effectively raising prices.That’s what helped send Tesla’s deliveries to the record levels it announced last week.But now, unless these cheaper models come to the rescue, its expected sales will slow down for the rest of the year.Affordable cars like it will be key to Tesla delivering 20 million vehicles over the next decade.That’s one of several goals set by the company’s board as part of its proposed $1 trillion pay package for Musk...

Auto loan delinquencies have soared by more than 50% over the last 15 years, according to a new VantageScore report, making them one of the riskiest products for consumer credit scores. VantageScore chief economist Rikard Bandebo sits down with Josh Lipton to talk more about the data and affordability issues in auto loans. To watch more expert insights and analysis on the latest market action, check out more Asking for a Trend...

Tesla unveiled less expensive versions of its Model 3 and Model Y vehicles on Tuesday after months of anticipation...

Shares of the pair, which make electric vertical takeoff and landing (eVTOL) aircraft, dropped on Tuesday after an announcement from Tesla turned out to be only about cars, as generally expected. A tweet about Tuesday’s announcement included a video showing a spinning wheel with a Tesla logo that could have been the rotor of a Tesla eVTOL, or quadcopter drone. Tesla stock rose 5.1% in anticipation of the news and fell 4.4% on Tuesday, leaving shares up about $3 for the week...