Tag TSLA

GM is still banking on Cruise moving out of park, despite its drain on resources and reputation...

Tesla (TSLA) stock is under pressure today following allegations that CEO Elon Musk pressured board members into drug use, according to a Wall Street Journal report. This follows a Delaware judge ruling Tesla's board process for approving Musk's massive pay package was "deeply flawed," prompting concerns about his relationships with individuals of his executive board. The troubling revelations about board oversight come as Tesla faces numerous headwinds including SAP SE (SAP) halting the use of Tesla as company cars and Piper Sandler's decision to cut it's price target on the stock. 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...

Will the electric vehicle leader see earnings decline once again in 2024?...

Tesla shares fell nearly 4% Monday after a Wall Street Journal report shed light on Elon Musk’s unusually close personal and financial ties with members of the carmaker’s board of directors, fueling concerns on Wall Street about a lack of real oversight on one of the world’s most powerful CEOs...

U.S. Transportation Secretary Pete Buttigieg on Monday said human drivers must pay attention at all times after videos emerged of people driving Teslas while wearing what appeared to be Apple's recently released Vision Pro headset. Buttigieg responded on X to a video that had more than 24 million views of a Tesla driver who appeared to be gesturing with his hands to manipulate a virtual reality field. "Reminder—ALL advanced driver assistance systems available today require the human driver to be in control and fully engaged in the driving task at all times," Buttigieg said...

(Bloomberg) -- Tesla Inc.’s slide to the lowest level since May attracted a wave of bullish option buying not in the stock itself, but with an exchange traded fund that offers more leverage.Most Read from BloombergWhy NYC Apartment Buildings Are on Sale Now for 50% OffKing Charles Being Treated for Cancer After Hospital StayPowell Tells ‘60 Minutes’ Fed Is Wary of Cutting Rates Too SoonChina Tightens Some Trading Restrictions for Domestic and Offshore InvestorsEastern Europe’s Richest Woman Pivo...

Investors have been selling Tesla stock for several reasons recently. Is it warranted?...

The decline was accelerated after the company last month forecast "notably lower" growth for deliveries in 2024, compared with a 21% rise last year. German publication Handelsblatt said in a report that SAP will no longer source company cars from Tesla due to delay in deliveries and price fluctuations. Still, Tesla's stock was trading at 57.75 times its 12-month forward earnings estimates, compared with 24.10 and 40.97 for Meta Platforms and Amazon.com, the EV maker's peers among the Magnificent Seven stocks...

Shares of Tesla Inc. slid 3.65% to $181.06 Monday, on what proved to be an all-around poor trading session for the stock market, with the NASDAQ Composite.....