Tag TSLA

Rivian shined this week, but the EV market didn't have a good week overall...

STOCKSTOWATCHTODAY BLOG Tesla stock closed out a terrible week in the red. A pricing move by a competitor, new competition, and even selling by a well-known bull all weighed on investor sentiment...

"Our water is more important than anybody’s electric vehicle."...

Tesla's German plant near Berlin will resume operations next week, the head of its works council said on Friday, after a power outage stopped production. The Tesla electric vehicle (EV) factory has been closed since March 5 after a fire at a nearby power pylon, which police are investigating as an arson attack. German police said they believed a letter from a far-left organisation called the Volcano Group claiming responsibility for the fire was authentic...

In a dramatic turn of events, Elon Musk, CEO of Tesla Inc. (NASDAQ:TSLA), has witnessed a significant reduction in his fortune. His wealth has plunged by approximately $40 billion since the beginning of 2024. According to Bloomberg's Billionaires Index, Musk’s net worth suffered a substantial blow because of Tesla's falling stock price. The index now estimates Musk’s wealth to be $189 billion, positioning him third after French business magnate Bernard Arnault and Amazon.com Inc. Founder, Jeff B...

First, Novo Nordisk, the company behind Ozempic and Wegovy, outgrew its native Denmark. Now, it’s bigger than Tesla...

Price competition, falling sales, and trouble at its factory in Germany made for a rough week for Tesla stockholders...

Rivian shares jumped 8% on Friday as its cheaper R2 SUV racked up tens of thousands of reservations within hours of its launch, fueling optimism that the electric vehicle maker could expand in the mass-market segment. Unveiled on Thursday, the smaller R2 SUV, which will start at $45,000, has attracted more than 68,000 reservations, CEO RJ Scaringe said in a post on X. "Given Tesla has shown little ambition to move into the SUV space, Rivian could be one of the few EV SUVs on the market that most investors will likely want to buy over the next 3-4 years," Evercore ISI analyst Chris McNally said in a note...

(Reuters) -Rivian's shares rose more than 3% on Friday as its cheaper R2 SUV racked up tens of thousands of reservations within hours of its launch, fueling optimism that the electric vehicle maker could expand in the mass-market segment. Unveiled on Thursday, the smaller R2 SUV, which will start at $45,000, has attracted more than 68,000 reservations, CEO RJ Scaringe said in a post on X. Analysts also said that the Amazon-backed EV maker's plan to produce the R2 at its existing U.S. factory and pause the construction of its second factory in Georgia may result in cost savings that will delay further fundraise...