The proposed electric vehicle sales center is one of the latest examples of an aging office building in the Valley being converted to a different commercial use. Here's what could be planned for the former call center...
Continue ReadingThe S&P 500 and the Nasdaq closed higher on Monday as shares of chipmaker Nvidia surged following a bullish note from Morgan Stanley, leading gains in other megacap growth stocks. Nvidia jumped 7.1%, its biggest single-day increase since May 25, when its 24% surge on a stellar revenue forecast pointed to the game-changing potential of artificial intelligence...
Continue ReadingBYD's top executive takes a billion dollar hit to his bank account as arch-rival Tesla announces another price cut...
Continue ReadingThe Dow Jones was firm as Apple stock rose. Big Short investor Michael Burry placed some new bets. Tesla stock fell on new price cuts...
Continue ReadingTesla again cut prices in China on two Model Y vehicle trims and is offering an insurance subsidy for Model 3 buyers. The move shows EV price competition still intensifying, even amid increased speculation over the release of Tesla's revised Model 3...
Continue ReadingThe S&P 500 and the Nasdaq closed higher on Monday as shares of chipmaker Nvidia jumped following a bullish note from Morgan Stanley, leading other megacap growth stocks higher as investors awaited earning reports from U.S. retailers. Nvidia's gain pushed the information technology index higher, making it the strongest of 11 S&P 500 sector indexes. According to preliminary data, the S&P 500 gained 26.28 points, or 0.59%, to end at 4,490.33 points, while the Nasdaq Composite gained 143.81 points, or 1.05%, to 13,788.66...
Continue ReadingWall Street's main indexes slipped on Monday on a drag from shares of Tesla, while investors also awaited earning reports from U.S. retail giants and economic data later in the week to gauge the strength of consumer spending. Tesla fell 3.2% in early trade and was among the top drags on the S&P 500 and Nasdaq, after the electric automaker said it has cut prices in China for some Model Y versions. Further weighing on sentiment were concerns about China's highly leveraged property sector after the country's top private property developer, Country Garden sought to delay payment on a private onshore bond for the first time, a source said, after suspending trading in 11 onshore bonds...
Continue ReadingThe Dow Jones Industrial Average fell Monday, as investors prepared for big retail earnings this week. Cathie Wood sold more Tesla stock...
Continue ReadingTesla shares slid after cutting prices on some models in China, raising concerns about an EV price war...
Continue ReadingTesla (TSLA) shares fell in early trading after the EV maker cut prices in China again. The latest cuts are on some of the pricier versions of its Model Y. It comes as Goldman Sachs recommends Toyota Motor (TM) due to its EV potential. Yahoo Finance Live breaks down the stocks' reaction...
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