Tech stocks surge reminiscent of the 1929 crash. MicroStrategy outperforms Bitcoin...
Continue ReadingTesla owners who accused it of falsely advertising estimated driving ranges for its electric vehicles must pursue their claims in individual arbitrations rather than banding together in proposed class action lawsuits, a federal judge ruled. U.S. District Judge Yvonne Gonzalez Rogers in Oakland, California said on Thursday the drivers had agreed to an arbitration provision for resolving disputes with the automaker when they bought their vehicles. The plaintiffs accused Tesla of fraudulently inducing consumers to buy its cars by overstating how far they can travel on a single charge...
Continue ReadingIn the latest trading session, Tesla (TSLA) closed at $178.65, marking a +1.2% move from the previous day...
Continue ReadingNew York Community Bancorp jumps after getting an equity injection of more than $1 billion, Novo Nordisk surges after presenting data on a new obesity drug, and Ciena tumbles as revenue guidance misses estimates...
Continue Reading(Bloomberg) -- Rivian Automotive Inc. is halting plans to build a new multibillion-dollar factory in Georgia, an abrupt reversal aimed at cutting costs while the company prepares to launch a cheaper electric vehicle.Most Read from BloombergChemical Linked to Cancer Found in Acne Creams Including Proactiv, ClearasilHow Trump’s Ex-Treasury Chief Landed 2024's Highest-Profile US Bank DealStocks Climb on Bets Fed, ECB Closer to Rate Cuts: Markets WrapBiden to Direct Military to Build Gaza Port to De...
Continue ReadingThe group's performance as a whole has been remarkable over the last year, leading the market. But two of the members have seen their shares slack, raising questions surrounding their status in the elite club. Should they be kicked out?...
Continue ReadingThis week, Ford Motor (NYSE: F) delivered some much-needed good news on the EV front after beginning the year by announcing it is scaling down its EV ambitions. Ford reported that its EV sales expanded across the board in February with sales of its electric F-150 pickup, the Lightning, almost doubling. Even the EV king, Tesla Inc (NASDAQ: TSLA), acknowledged having difficulties in mass-producing its Cybertruck, after already having a hard time to bring it to the road. Moreover, the first EV make...
Continue ReadingTesla, Inc. underperforms amidst deteriorating fundamentals and no participation in the growth stocks rally, impacting its attractiveness. Click for my TSLA update...
Continue ReadingRivian Automotive, Inc.'s financial performance leaves much to be desired. Click here to find out why RIVN stock is rated as a sell...
Continue Reading**Tesla** dropped out of the top 10 biggest U.S. companies by market capitalization yesterday. That was still the case Thursday, though it was creeping closer to the list in early trading. Shares in Elon Musk's EV maker fell 2...
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