Bank of America has raised its EPS (earnings per share) outlook for the S&P 500 (^GSPC) to $250 in 2024. Yahoo Finance Live comments on BofA's new earnings forecasts and the role AI and Magnificent Seven tech stocks have played in pushing the S&P higher. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Editor's note: This article was written by Luke Carberry Mogan...
Continue ReadingThe crypto wallets of Elon Musk's companies have been located, according to blockchain analytics company Arkham Intelligence. Arkham cross-referenced financial reports with on-chain activity to locate the massive wallets. Tesla Inc. and SpaceX have a combined total of around 19,800 Bitcoins, according to Arkham. The stash is divided across many wallets: Tesla holds around 11,500 BTC across 68 addresses, while SpaceX holds around 8,300 tokens across 28 wallets. Don't Miss: If you invested $100 in...
Continue ReadingThe region has emerged as one of the hottest EV markets in recent years and could offer Tesla a large customer base at a time when demand is slowing in the United States. "Southeast Asia will undoubtedly be a major place of growth over the coming years in battery storage and electric vehicle adoption," Rohan Patel, senior public policy and business development executive at Tesla, said in a post on X. The Malaysian government had last year given Tesla the license to sell its cars in the country and said the firm would also establish a network of charging stations there...
Continue ReadingThe vast majority of automated driving systems tested by the Insurance Institute for Highway Safety's new ratings system were deemed "poor" based on their safeguards...
Continue ReadingThe Insurance Institute for Highway Safety’s ratings of the systems—which automate steering and speed—prod automakers to improve safeguards...
Continue ReadingFirst, it was soaring car prices. Then gasoline hit $5 per gallon. Now, the cost of car insurance is skyrocketing...
Continue ReadingProduction at Tesla’s factory near Berlin is gradually resuming after the plant was reconnected to the power grid late on Monday following a week-long closure caused by an arson attack...
Continue ReadingTesla electric-vehicle rival BYD was reported to be facing challenges with its international expansion...
Continue ReadingMusk's case is based on a fiction 'conjured to lay unearned claim to the fruits of an enterprise he initially supported, then abandoned, then watched succeed without him,' it argues...
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