Tesla Deliveries Are Coming. What the Results Could Mean for the Stock.

Text size Tesla stock is down about 16% for the current quarter. Nicholas Asfouri / AFP via Getty Images Tesla ‘s second-quarter delivery results are expected to arrive in early July. It has been hard to predict the numbers for a couple reasons: The first is production volatility from Covid-19 lockdowns in China, and the … Read more

Top 5 US companies losing a total of $ 260 billion in market cap, led by Apple and Amazon

Shares of the top-five largest US companies by market capitalization are all falling more than the broader stock market, as the stocks of Amazon.com Inc. AMZN, -4.95% and Tesla Inc. TSLA, -4.32% led the way lower. The combined market-cap losses of the five companies was about $ 259.9 billion as of Tuesday afternoon. In order … Read more

Volkswagen Nears Deal to Sell Stake in Electrify America to Siemens

Volkswagen is close to selling a minority stake in its US electric-vehicle charge business to an arm of Siemens a deal that would value the network at more than $ 2 billion, according to people familiar with the matter. A sale of a stake in Volkswagen’s Electrify America LLC would generate additional funding as part … Read more

Tesla, Ford and GM Raise EV Prices as Costs, Demand Grow – The Wall Street Journal

Tesla, Ford and GM Raise EV Prices as Costs, Demand GrowThe Wall Street Journal

Polestar Shares Rise in Electric-Vehicle Maker’s Market Debut

Updated June 24, 2022 5:12 pm ET Listen to article (2 minutes) Shares in Polestar Automotive Holding UK PLC jumped 16% on their first day of trading Friday, after the Swedish electric-vehicle maker completed a merger with a special-purpose acquisition company amid plans to expand globally. Polestar agreed to be acquired by blank-check company Gores … Read more

Crypto crash: forced selling cools down; correlation with equities back in focus

Hello! Welcome back to Distributed Ledger, our weekly crypto newsletter that reaches your inbox every Thursday. I’ll walk you through what’s going on in the current bear market. As usual, find me on Twitter at @FrancesYue_ to send feedback, or tell us what you think we should cover. You can also reach me through email … Read more

Tesla Inc. stock falls Thursday, underperforms market

Shares of Tesla Inc. TSLA, -0.43% shed 0.43% to $ 705.21 Thursday, on what proved to be an all-around great trading session for the stock market, with the NASDAQ Composite Index COMP, + 1.62% rising 1.62% to 11,232.19 and the Dow Jones Industrial Average DJIA, + 0.64% rising 0.64% to 30,677.36. This was the stock’s … Read more

Tesla’s new factories are ‘gigantic money furnaces,’ Elon Musk says

Tesla Inc.’s two newest car factories have been losing billions of dollars as supply-chain disruptions and battery-cell manufacturing challenges limit the company’s ability to increase production, Elon Musk said in a recent interview. The company’s plants in Germany and Texas, which opened earlier this year, are “gigantic money furnaces,” the Tesla chief executive said in … Read more

NIO Stock Is a Cautionary Tale for Tesla Shareholders

Electric vehicle maker NIO has been stuck in a range of roughly 10,000 monthly deliveries for almost a year. Courtesy Nio Text size Chinese electric vehicle maker NIO offers a cautionary tale for Tesla investors. What happened to its shares could happen to Tesla ‘s if volume growth at Tesla follows a similar path as … Read more

Elon Musk says SpaceX will accept Dogecoin for some merchandise, though the crypto is down 90% from all-time high

Dogecoin has jumped 13% over the past 24 hours on Tuesday to around $ 0.068, after Elon Musk reiterated his support for the meme coin, even though the crypto has lost more than 90% of its value from its all-time high in May 2021. Musk, chief executive at both Tesla TSLA, + 10.98% and SpaceX, … Read more