Tag TSLA

The bottom could be a long way down...

Tesla stock closed below technical support levels at about $164 a share on Monday. Fairlead Strategies cofounder Katie Stockton says the next support level for the shares is around $148.Read the full .....

Though artificial intelligence (AI) and Nvidia look like can't-miss opportunities, things aren't always what they appear to be on Wall Street...

Tesla's global job cuts include reducing staff in the U.S. and China, the automakers' two biggest markets, across sales, tech, and engineering, five sources briefed on the matter said. Several U.S.-based service centres saw heavy layoffs effective immediately, primarily of sales staff and technicians, one source said...

Live Nation tumbles after a report says the Justice Department is planning to file an antitrust suit against the ticketing giant, while Trump Media and Tesla shares extend losses. UnitedHealth, Johnson & Johnson, Bank of America, and Morgan Stanley are scheduled to report earnings Tuesday...

Tesla's global job cuts include reducing staff in the U.S. and China, the automakers' two biggest markets, across sales, tech, and engineering, five sources briefed on the matter said. CEO Elon Musk on Monday told staff in an internal memo seen by Reuters that the company is laying off more than 10% of its global workforce, as it grapples with falling sales and an intensifying price war for electric vehicles. Several U.S.-based service centres saw heavy layoffs effective immediately, primarily of sales staff and technicians, one source said...

Tesla's global job cuts are hitting China, the automaker's biggest market after the United States, affecting staff in teams including sales, two sources briefed on the matter said. CEO Elon Musk on Monday told staff in an internal memo seen by Reuters that the company is laying off more than 10% of its global workforce, as it grapples with falling sales and an intensifying price war for electric vehicles. The two sources said some staff in Tesla's China sales team were being notified, with one saying more than 10% were losing their jobs...

Blackstone is close to acquiring the former UK startup Britishvolt industrial site in the north of England, with plans to build one of Europe's largest data centers. - Former UK prime minister Liz Truss considered sacking Andrew Bailey, Bank of England governor, as part of her attempt to dismantle an "economic establishment" that she says helped to bring her down...

The following are the top stories on the business pages of British newspapers. - European private equity firm CVC Capital Partners, has announced plans to list in Amsterdam at a valuation of up to 15 billion euros ($15.93 billion) in a further blow to the London stock market. - Troubled water company Thames Water must present its plans to Ofwat before the regulator's publication on June 12 of its draft determinations that set out what households will pay in water bills through to 2030...