Tesla is on the cusp of selling its highest-level driver-assistance product in China. Citi analyst Jeff Chung weighs in on what that means for the electric-vehicle maker...
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Continue ReadingElon Musk is thinning Tesla's senior management and laying off hundreds more employees, frustrated by falling sales and the pace of layoffs so far, The Information reported early Tuesday, citing an email sent by the CEO to senior executives. Rebecca Tinucci, senior director of the electric vehicle maker's Supercharger business, and Daniel Ho, head of new products, will leave on Tuesday morning, The Information reported. In the email, Musk also said he would dismiss everyone working for Tinucci and Ho, including the roughly 500 employees who work in the Supercharger group, The Information said...
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Continue ReadingTesla shares (TSLA) soared Monday morning after CEO Elon Musk traveled to China and secured regulators' support for its self-driving technology. China Beige Book CEO Leland Miller tells Yahoo Finance that Tesla "has to be the most technologically advanced car option because they can't compete on price because of the dynamics of the Chinese market." Miller says that because Tesla has to make a profit, unlike some of its Chinese rivals, it has to compete on technology, not pricing. Watch the video above to hear Miller's take on Musk's trip to China. For more expert insight and the latest market action, click here to watch this full episode of Catalysts. This post was written by Stephanie Mikulich...
Continue ReadingU.S. stocks rose as Tesla shares continued their rebound after Chief Executive Elon Musk secured a crucial victory in China...
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Continue ReadingThe Dow Jones rose. Some Warren Buffett stocks were near entries on the stock market today. Elon Musk made an AI boast amid a Tesla deal...
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Continue ReadingWall Street's main indexes crept higher in volatile trading on Monday as shares of Tesla and Apple advanced, while investors exercised caution ahead of the Federal Reserve's interest rate decision later in the week. Tesla shares shot up nearly 14.5%, driving a 1.6% rise in the consumer discretionary sector, after the electric vehicle maker cleared some key regulatory hurdles that had long hindered the roll-out of its self-driving software in China, its second-largest market...
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