Tag TSLA

New car prices and used car prices are always linked. That’s why Tesla’s aggressive price cuts designed to sell more new EVs have created a problem for existing Tesla owners...

WILMINGTON, Delaware (Reuters) -Elon Musk made billions of dollars by selling Tesla stock using insider information, an institutional shareholder accused in a lawsuit filed on Tuesday, asking the court to direct the Tesla CEO to return "unlawful profits." The lawsuit comes two days before a critical vote by Tesla shareholders on whether to reinstate Musk's $56 billion pay package, after a Delaware judge voided it in January because she found that Musk had improperly controlled the process. Musk and his brother, Kimbal Musk, a Tesla director, sold a combined $30 billion in the electric vehicle maker's stock between late 2021 and the end of 2022, cashing in before news that would cause the stock to fall became public, according to the lawsuit, which was filed by the Employees' Retirement System of Rhode Island (ERSRI)...

If you can’t beat them, join them.. Musk drops lawsuit after raising billions for his artificial intelligence company...

In the closing of the recent trading day, Tesla (TSLA) stood at $170.66, denoting a -1.8% change from the preceding trading day...

The S&P 500 and Nasdaq hit highs as Apple soared. Oracle soared late on AI deals. The Federal Reserve rate outlook and CPI inflation loom...

Tesla stock could fall a lot if shareholders repudiate the CEO’s 2018 pay package at its annual meeting on Thursday...

General Motors announced $6 billion in buybacks and lowered EV output target. GM stock extended a breakout...

Tesla stock angled lower Tuesday, breaking below a key level of support ahead of Thursday's annual shareholder meeting and the vote results on Chief Executive Elon Musk's 2018 $56 billion pay package. TSLA shares dropped below its 50-day moving average for the first time since May 13 on Tuesday as investors appear to be hedging in the run-up to the EV giant's annual shareholder meeting later this week. Late Monday, CNBC reported that California State Teachers' Retirement System (CalSTERS) opposes Musk's compensation deal...

Sector Update: Tech Stocks Advance Late Afternoon...