Tag TSLA

Tesla stock closed higher for a second straight day, but moves in the Treasury market seem to have more to do with it than the latest news about pay and compensation for Chief Executive Elon Musk. The Nasdaq Composite was up 0.3%. Investors have been watching developments regarding a Delaware court’s January decision to void CEO Elon Musk’s $56 billion pay package following a challenge by a shareholder...

Coinbase (COIN) released its fourth quarter report beating expectations with a revenue of $953.8 million. Bitcoin (BTC-USD) regained its $1 trillion market cap on Wednesday for the first time since 2021. With the rise of bitcoin investing with spot bitcoin ETF approval, many on Wall Street are expressing more interest in the digital asset. Ark Invest CEO and CIO Cathie Wood, a vocal advocate of bitcoin, joins Yahoo Finance to give her insight into the crypto markets, Coinbase's performance, Ark Invest's bitcoin ETF, ARK 21 shares bitcoin (ARKB), and more. Wood adds the trading platform is "executing brilliantly." On Coinbase, Wood claims that it's the "most compliant exchange out there" from a regulatory perspective. She also notes that it's competition is fading, especially given the collapse of FTX and the issues Binance has been facing.  Wood gives her view on the future of bitcoin: "We do five-year plus forecasts, so we're focused on how institutions and countries and companies might use this new asset class for different reasons. So, we think we have just begun from a price appreciation point of view. This is part of a journey. I do believe the SEC giving the green light has encouraged institutions to think carefully about it and have a point of view, so we're in the learning phase right now, and I think over time that this movement into this new asset class will continue to push up the price." When it comes to Tesla (), Wood says she would support CEO Elon Musk's bid to incorporate the company in Texas, saying a Delaware judge took "the vote away from us, the shareholder" who voted in for Musk's sizable pay package. 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 Nicholas Jacobino...

Demand drivers in the electric vehicle market are slowing significantly, prompting Citi US Autos & Auto Parts Analyst Itay Michaeli to trim EV forecasts. Joining Yahoo Finance Live, Michaeli believes Tesla (TSLA) and General Motors (GM) still stand to gain share in 2024 despite "adoption challenges." Michaeli explains that American households average two cars, so the goal for automakers isn't wholly electrifying every vehicle yet. Rather, it's initially "converting households" to one EV and one gas-powered car. Even with "revised plans by the EV makers" amid pullback, Michaeli states electric vehicles stand to have "a pretty good year." 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 Angel Smith...

From creating chips for gaming to becoming one of the world's leading AI chip companies, it's safe to say Nvidia (NVDA) is officially one of the tech giants. In 2023, the company generated nearly $27 billion in revenue, and its market value is well over $1 trillion. Let's take a closer look at what led to Nvidia's boom with Beyond the Ticker, where we dive into the company's biggest moments. 1993 Nvidia was founded on April 5, 1993, by Jensen Huang, Chris Malachowsky, and Curtis Priem, with a vision to bring 3D graphics to the gaming industry. 1997 Nvidia launched its first hit product, the NV3. It would later go on to sell a whopping 1 million units in its first four months of availability. 1999 On January 22, 1999, Nvidia went public via IPO at $12 per share. 2000 Microsoft (MSFT) chose Nvidia to develop the graphics hardware for the first Xbox console. 2005 Microsoft rival Sony (SONY) chose Nvidia’s hardware to power the PlayStation 3. 2010 Nvidia became the graphics chip supplier for automaker Audi. 2015 The company launched its Nvidia Drive chip for powering driver assistance systems. 2016 Nvidia kicked off its AI efforts with the launch of its DGX-1 server for artificial intelligence applications. 2018 The company debuted the NVIDIA RTX, the first GPU capable of real-time ray tracing. That same year, Google (GOOG, GOOGL) announced it was using Nvidia’s Tesla (TSLA) P4 graphics cards for its Google Cloud Platform. 2022 Nvidia debuted its H100 graphics chip for AI, which still stands as one of the world’s most powerful chips for artificial intelligence apps. 2023 In May 2023, Nvidia eclipsed the $1 trillion market cap mark, joining the ranks of mega companies like Apple (AAPL) and Microsoft. The stock continues to surpass its all-time highs over the past month and is currently trading at over $700 per share. From a company of three engineers working on a graphics card, to thousands of employees working on chips that will power the AI supercomputers of the future, Nvidia remains at the top of the tech industry. From tech giants to retail titans, Beyond the Ticker is a historical series that takes a deep dive into some of Wall Street's trending companies and how they transformed into the financial icons they are today. Check out more of our Beyond the Ticker series, and be sure to tune in to Yahoo Finance. Editor's note: This video was produced by Zach Faulds...

Elon Musk has officially relocated SpaceX's state of incorporation from Delaware to Texas. Musk has been pushing to move his other companies, like Neuralink and Tesla (TSLA), out of Delaware as well. This comes after Musk's massive $55 billion compensation package from Tesla was struck down by the Delaware Chancery Court. Yahoo Finance Senior Reporter Ines Ferré joins the Live show to break down the latest developments around Musk and what it could mean for his companies moving forward. 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 Nicholas Jacobino...

The tech-heavy Nasdaq 100 is up 55% in the past year...

SpaceX CEO Elon Musk announced that the company completed the conversion of its state of incorporation from Delaware to Texas after a Delaware court struck down his Tesla pay package...

SpaceX wants to move its business incorporation location from Delaware to Texas, according to a Wednesday filing to the Texas Secretary of State...

Rocket company SpaceX has moved its state of incorporation to Texas from Delaware, CEO Elon Musk said Wednesday in a post on X...