Tag TSLA

On today's episode of Morning Brief, hosts Seana Smith and Madison Mills break down the market open and some of the biggest stories hitting the market. The major market averages (^DJI, ^IXIC, ^GSPC) are under pressure Wednesday morning, with the Nasdaq Composite falling by over 300 points — or over 1.6% — as semiconductor stocks drag down the tech-heavy indexes. As a new report from Bloomberg outlines the Biden administration's plans for stricter trade regulations on chip exports to China, Principal Asset Management chief global strategist Seema Shah explains: "In a way, this is not unexpected. I think everyone has been anticipating that,as you see this continuation of US-China tensions, that, unfortunately, some of these chip makers, technology almost falls right into the spotlight." However, InsingerGilissen senior analyst Jos Versteeg believes ASML (ASML) will continue to perform well despite the news, saying, "When you look at China, China semiconductor manufacturing, they are using mainly low-end chips and the US wants them to keep on producing low-end chips because the world needs it." Meanwhile, the US political landscape is heating up. In a recent Bloomberg interview, former President Donald Trump said he would allow Federal Reserve Chair Jerome Powell to complete his term if reelected, as long as Trump thinks Powell is "doing the right thing." However, Trump doesn't think the Fed should cut rates before the election in November because that could help President Biden's reelection prospects. Tesla (TSLA) CEO Elon Musk, who recently backed Trump in the 2024 election, announced on X, formerly Twitter, that he plans to relocate the headquarters of both SpaceX and X to Austin, Texas. This move is in response to a new California law regarding transgender rights in schools, bringing increased rhetoric to some of the biggest issues dominating the November election. Johnson & Johnson (JNJ) posted its second quarter earnings Wednesday morning, beating estimates on its top and bottom lines. However, the pharmaceutical giant slashed its full-year profit forecast. Shares of Roche (ROG.SW) are also moving higher on Wednesday as the company reported positive results from its obesity drug trial for a once-a-day oral pill currently labeled CT-996. This post was written by Melanie Riehl...

Tesla (TSLA) CEO Elon Musk has announced plans to contribute $45 million monthly to a Trump Super PAC in support of the former president's reelection campaign. This move comes despite potential conflicts with Trump's policy direction, as Trump's current vice presidential pick, Senator JD Vance (R-Oh.), is proposing to eliminate nearly $100 billion in electric vehicle subsidies through a proposed "Drive American Act." Yahoo Finance special reporter Akiko Fujita analyzes these developments, shedding light on how a potential Trump presidency could impact policies surrounding electric vehicles and what Vance's Drive American Act could entail for the auto industry. For more expert insight and the latest market action, click here to watch this full episode of Wealth! This post was written by Angel Smith...

Stay tuned for Tesla, Inc.'s Q2 earnings on July 23. The inventory buildup may be an issue, and uncertainties around lease accounting. Click for my TSLA update...

Barclays analyst Dan Levy took his Tesla stock price target to $225 from $180, but he kept his Hold rating...

(Bloomberg) -- Ron Baron, an early backer of Tesla Inc., is deepening his embrace of Chief Executive Officer Elon Musk by setting up partnerships that would permit clients to invest in two of the billionaire’s private ventures.Most Read from BloombergUS Floats Stricter Trade Rules to Rein In China’s Chip IndustryBlackRock Says Gunman From Trump Rally Appeared in Firm’s AdTrump Security Tightened on Iran Plot Intel; No Link to ShootingAmazon Sold a Used Diaper. It Tanked a Mom-and-Pop BusinessHSB...

Tesla shares have been on a strong run, fueled by vehicle deliveries that weren’t as bad as expected. A new deal highlights another aspect of Tesla’s business: its fast-rowing energy storage unit. More about the deal by Intersect Power here: Wall Street Wants In on America’s Battery Storage BoomA surge in solar power lets battery companies charge up during the day when power prices are low and sell in the evening at higher prices...

It's not clear whether a Trump presidency is a boon or bust for the top EV maker...

The likely delay of Tesla's August robotaxi unveiling will put the group's second quarter earnings on July 23 in stark focus...

California’s new law that bans school districts from notifying parents when students use different names or pronouns has pushed SpaceX CEO Elon Musk to move the rocket company...