Mark Cuban responds with a one-word zinger as Elon Musk and Donald Trump's feud explodes into threats, stock drops, and shocking Epstein claims...
Continue ReadingThe feud between Elon Musk and Donald Trump could mean Tesla’s plans for self-driving cars hit a roadblock, SpaceX flies fewer missions for NASA, Starlink gets fewer overseas satellite contracts and the social media platform X loses advertisers. Joked Telemetry Insight auto analyst Sam Abuelsamid, “Since Trump has no history of retaliating against perceived adversaries, he’ll probably just let this pass.” The dispute comes just a week before a planned test of Tesla’s driverless taxis in Austin, Texas, a major event for the company because sales of its EVs are lagging in many markets, and Musk needs a win...
Continue ReadingThe S&P 500 and the Dow Industrials notch gains after the latest batch of economic data left investors feeling better about the outlook...
Continue ReadingArk Invest Chief Futurist Brett Winton discusses the outlook for Tesla amid the current rift between President Donald Trump and Elon Musk. He speaks on "Bloomberg The Close."...
Continue ReadingThe S&P 500 added 1% on Friday, June 6, as a strong jobs report pointed to resilience in the labor market despite tariff-related concerns...
Continue ReadingKovac became the lead of the program in 2022 when he was appointed director of Optimus and Autopilot Engineering, and he took on the role of vice president in September last year. Bloomberg News, which initially reported the development, said in its report that Kovac would leave his position immediately, and Ashok Elluswamy, who currently leads Tesla's autopilot teams, will take on his role. Tesla and Elluswamy did not immediately respond to Reuters requests for comment...
Continue ReadingTesla (TSLA) stock moved to the upside in Friday's trading session in an attempt to claw back the $153 billion in market cap that was wiped out in connection to CEO Elon Musk's fallout and feud with President Trump. Gerber Kawasaki Wealth & Investment Management CEO Ross Gerber characterized this very public spectacle as "a disaster of epic proportion for Tesla and SpaceX" in an interview with Yahoo Finance on Thursday. Additionally, Steve Clemons, Washington Note founding editor at large, explains why the rift between Musk and Trump appears very "permanent." Yahoo Finance Senior Reporter Allie Canal joins Market Domination Overtime with Josh Lipton and Julie Hyman to recap Tesla's sharp stock moves this week. To watch more expert insights and analysis on the latest market action, check out more Market Domination Overtime here...
Continue Reading(Bloomberg) -- It took less than a day for the great Donald Trump-Elon Musk split to reshape debates over billionaire power and influence in American capitalism. Most Read from BloombergNext Stop: Rancho Cucamonga!Where Public Transit Systems Are Bouncing Back Around the WorldICE Moves to DNA-Test Families Targeted for Deportation with New ContractUS Housing Agency Vulnerable to Fraud After DOGE Cuts, Documents WarnTrump Said He Fired the National Portrait Gallery Director. She’s Still There.At...
Continue ReadingFor all that the uncertainty around Washington's global tariff war and worrisome U.S. fiscal outlook continue to unnerve investors, not to mention the Trump-Musk public mud-slinging circus, world markets just closed out a quietly impressive week. Broad U.S., Asian, European and emerging market equity benchmarks all rose, pushing the MSCI World index to a fresh record high, while the dollar, Treasury yields and gold generally held steady over the week. Investors appear to be in a forgiving mood, willing to trust that policymakers will dial down global trade tensions, slow the U.S. fiscal train as it approaches the cliff edge, and steer the world economy through these choppy waters with minimum damage...
Continue ReadingTesla trades higher after falling sharply in the previous session as CEO Elon Musk and President Donald Trump have a very public falling out...
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