The billionaire brawl between Mark Zuckerberg and Elon Musk went from "Fight of the Century" to schoolyard spat this past weekend...
Continue ReadingMeme stock AMC dived late Friday after a court decision reversed an earlier ruling regarding a stock conversion plan. AMC preferred equity — or APE units — will now be converted to common stock, Barron's reported. Shares were trading over 30% lower in premarket trading Monday...
Continue ReadingTesla has renewed its price war in China just days after its biggest rival in the country vowed to “demolish” Western rivals...
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 ReadingWall Street's main indexes were set for a muted open on Monday as investors awaited quarterly reports from U.S. retail giants and economic data later in the week to gauge the strength of consumer spending and direction for interest rates. After strong gains this year, U.S. equities have lost momentum in August, with the tech-heavy Nasdaq posting two straight weeks of declines for the first time in 2023 on Friday. Hotter-than-expected U.S. producer prices data last week fanned concerns that the Federal Reserve could keep interest rates higher for longer, driving up U.S. Treasury yields and weighing on rate-sensitive big technology and growth stocks...
Continue ReadingIndonesia said on Monday that U.S. electric carmaker Tesla plans to invest in the manufacturing of battery materials in the Southeast Asian country and will make an announcement in the next few months. Indonesia has for years been wooing Tesla to invest in battery making and car manufacturing in the country, trying to leverage its rich reserves of nickel, which can be processed for use in electric vehicle (EV) batteries. Senior minister Luhut Pandjaitan in a post on Instagram said he led an Indonesian delegate that held a meeting with Tesla's Chief Executive Elon Musk during a recent trip to San Francisco, when Musk told him about the investment plan...
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Continue ReadingInvestors will be wondering about price wars and electric vehicle demand in the world's largest market for new cars...
Continue ReadingDow Jones futures fell Monday, as investors prepared for big retail earnings this week. Cathie Wood sold more Tesla stock...
Continue ReadingThese are the stocks posting the largest moves in midday trading...
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