Tag: Tesla

Share to FacebookShare to TwitterShare to LinkedinElon Musk is still the world’s richest person—but he’s worth one third less than about a year ago, and some Tesla shareholders aren’t happy. Getty Images In November last year, Tesla CEO Elon Musk became the first person in history to obtain a $300 billion fortune. A lot has…

Share to FacebookShare to TwitterShare to LinkedinTopline Shares of Tesla declined more than 3% Wednesday afternoon after the company fell short of expectations on its third-quarter revenue, though the company did beat estimates for earnings per share and profit. Tesla CEO Elon Musk talks during a tour of the Tesla Gigafactory on August 13, 2021…

You never get bored with Elon Musk, people in business circles tend to say.  The whimsical and charismatic CEO of Tesla  (TSLA)  has completely rewritten all the practice manuals in business.  He has shaken up customs, buried traditions.  Musk is unique and intends to remain so.  He imposed his rules and sometimes even the regulators…

Elon Musk took out the carrot.  The CEO of Tesla  (TSLA)  tried on October 19 to reassure the electric vehicle maker’s shareholders after a completely disastrous first half of October for Tesla shares. Tesla shares have lost 16.3% since September 30, which translates into a decline in market value of approximately $135 billion. The decline…

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Jeep took its time — but the iconic all-terrain-vehicle brand finally got here.  “Here” is the brand’s first 100%-electric vehicle. And the company is not hiding its ambition to unseat Tesla  (TSLA)  as the dominant force in the SUV segment of green vehicles. Indeed, Elon Musk’s group, the world’s No. 1 in electric vehicles, and its…

What do companies as diverse as Twitter  (TWTR) , Tesla  (TSLA) , Netflix  (NFLX) , Coinbase  (COIN) , Snap  (SNAP) , Shopify  (SHOP) , Oracle  (ORCL)  and Crypto.com have in common? After many months of strong hiring, all have laid off workers in the last years. The problem has been particularly acute in the tech industry,…

© Reuters. FILE PHOTO: Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., October 17, 2022. REUTERS/Brendan McDermid/File Photo   US500 +2.65% Add to/Remove from Watchlist Add to Watchlist Add Position Position added successfully to: Please name your holdings portfolio Type: BUY SELL Date:   Amount: Price…

It’s been a rough 2022 for famed money manager Cathie Wood, chief executive of Ark Investment Management, as her exchange-traded funds sink. Wood’s flagship fund, Ark Innovation ETF  (ARKK) , plunged 64% year to date through Oct. 14, hitting a five-year low. Ark Innovation has tumbled 79% from its February 2021 record high. Soaring interest…

The pandemic created perfect growth conditions for a variety of companies. Some simply added a lot of customers that would have eventually found their product anyway. That’s what happened with the Disney+ streaming service for example. People being stuck at home led to meteoric growth, but Walt Disney probably would have eventually captured those customers.…