Baron Partners Fund declined 9.01% (Inst.) trailing both the Russell Midcap Growth Index and the large cap S&P 500 Index. Click here to read the full letter...
Continue ReadingOn today's episode of Market Domination, Yahoo Finance Hosts Julie Hyman and Josh Lipton break down the latest earnings and major trends Wall Street analysts are eyeing. Sweetgreen (SG) shares soar after the company topped first quarter revenue estimates and raised full-year guidance. Similarly, Taiwan Semiconductor Manufacturing Company (TSM) shares are rising after the company reported that its sales jumped nearly 60% year over year, largely due to AI demand. Morgan Stanley Wealth Management Managing Director Dan Skelly joins Market Domination to discuss some signs pointing to the Fed potentially cutting interest rates several times before the end of the year. Novavax (NVAX) shares skyrocket after the company announced a $1.2 billion vaccine deal with French drugmaker Sanofi (SNY). B. Riley Securities Managing Director & Group Head of Healthcare Research Mayank Mamtani explains how the partnership marks a "new chapter" for Novavax after a post-pandemic slump. Yahoo Finance reporter Pras Subramanian joins to discuss Tesla (TSLA) CEO Elon Musk backpedaling his recent move to shrink the company's Supercharger team. As many legacy automakers signed up to participate in Tesla's Supercharger network, Subramanian says Musk is trying to fix the issue he created after laying off a majority of the Supercharger team. A new edition of Good Buy or Goodbye analyzes two companies in the finance sector: PayPal (PYPL) and Goldman Sachs (GS). This post was written by Melanie Riehl...
Continue ReadingTesla (TSLA) CEO Elon Musk backpedaled on his recent move to shrink the company's Supercharger team, posting on X that "Tesla will spend well over $500M expanding our Supercharger network to create thousands of NEW chargers this year.” This move comes after the company laid off nearly the entire Supercharger organization, with Musk posting on X that the network will grow at “a slower pace” for new locations. Yahoo Finance reporter Pras Subramanian tells Josh Lipton and Julie Hyman that Musk is "trying to fix the situation or chaos that he created in the first place by basically nearly laying off everyone in that Supercharger team." Many legacy automakers signed up to participate in Tesla's Supercharger network, which Subramanian explains created "a big problem that [Musk] is trying to address right now." For more expert insight and the latest market action, click here to watch this full episode of Market Domination. This post was written by Melanie Riehl...
Continue ReadingThe widow of a man who died after his Tesla veered off the road and crashed into a tree while he was using its partially automated driving system is suing the carmaker, claiming its marketing of the technology is dangerously misleading. The Autopilot system prevented Hans Von Ohain from being able to keep his Model 3 Tesla on a Colorado road in 2022, according to the lawsuit filed by Nora Bass in state court on May 3. Von Ohain died after the car hit a tree and burst into flames, but a passenger was able to escape, the suit says...
Continue ReadingAs many as 800 activists gathered outside Tesla’s factory near Berlin Friday to protest its expansion plans, and some of them clashed with police as they attempted to break into the plant...
Continue ReadingHundreds of Left-wing activists have stormed Tesla’s Berlin gigafactory after overwhelming local police...
Continue ReadingTesla Chief Executive Elon Musk on Friday said the EV giant is spending half a billion dollars to build out its supercharger stations this year, even as the Tesla head recently dismissed the company's entire supercharger team. Musk took to the social media platform X early Friday claiming that Tesla will spend more than $500 million to expand its supercharger network and "create thousands" of new chargers in 2024. In the first quarter, Tesla supercharger stations totaled 6,249, up 26% vs. Q1 2023...
Continue Reading(Bloomberg) -- Elon Musk touted plans to expand Tesla Inc.’s Supercharger network just over a week after firing almost all of the roughly 500 people who ran the business.Most Read from BloombergBiden Set to Hit China EVs, Strategic Sectors With TariffsAckman Scolded Over DEI Views at Closed-Door Milken SessionApple Apologizes for iPad Pro Ad, Scraps Plan to Air It on TVMarjorie Taylor Greene Finally Got What She Deserved: DefeatNovavax Soars on $1.2 Billion Sanofi Vaccine Licensing DealTesla wil...
Continue ReadingThe outgoing head of product launches said layoffs have rocked the company and hurt morale and that it is “hard to see the long game.”...
Continue ReadingTesla plans to spend more than $500 million to expand its EV charging network this year, days after the carmaker laid off much of the team responsible for creating the largest such network in the U.S...
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