Tesla is not watching you any more than TikTok is — or so Elon Musk tried to assure China and other countries over the weekend. The Wall Street Journal reported Friday that China’s government is barring military staff and the employees of key state-owned companies from driving Tesla TSLA, +2.31% …
Read More »: Watch Tesla, Nikola and these other stocks as change comes for a trucking market worth $1.5 trillion, says UBS
Massive disruption is hurtling down the highway toward a $ 1.5 trillion global trucking market, as legacy manufacturers and new entrants alike grapple for pole position in a race for dominance in zero-emissions trucks. Electric vehicles have sped into the attention of investors in the last year, as stocks like …
Read More »The Moneyist: I’m 28, have zero debt, a 401(k), Roth IRA and $45K in the bank. My parents want me to save for a home. I want a Tesla Model 3. Who’s right?
Dear Quentin, I’ve been flip-flopping back and forth between buying a new car or putting a down payment on my first home. With my parents being very money-minded and keeping a careful eye on my finances (still), I’m caught in a predicament. The original plan was to save up 20% …
Read More »The Tell: Tesla bitcoin gambit already made $1 billion, more than 2020 profit from car sales, estimates analyst
Much has been made about the hefty sum that Tesla Inc. has invested in bitcoin, a speculative asset that has only been around since 2009. Read: Why did Tesla buy bitcoin? However, early estimates from prominent technology analyst Dan Ives sees the investment by the electric-vehicle maker, headed by outspoken …
Read More »Market Extra: Musk’s Tesla says it invested $1.5 billion in bitcoin, sending the cryptocurrency to record levels near $44,000
Elon Musk’s Tesla Inc. said that it has acquired $ 1.5 billion in bitcoins in January and that it could accept the world’s No. 1 digital asset for payment in the future. Tesla TSLA, +1.77% revealed the purchase in a regulatory filing with the Securities and Exchange Commission on Monday, …
Read More »: Tesla is in decline, SUVs are king, and more insights from the world’s largest electric-vehicle market
Europe overtook China in 2020 to become the world’s largest market for electric vehicles, amid a pedal-to-the-metal push to increase EV adoption from governments and supercharged demand from consumers. The registrations of new electric vehicles topped 1.33 million in the key European markets last year, compared with 1.25 million in …
Read More »Earnings Watch: Apple, Tesla and Facebook ready to report record sales in busiest week of earnings
U.S. companies have barely managed to eke out positive earnings growth so far in this quarterly results season, but the big test arrives in the week ahead. Nearly a quarter of the S&P 500 SPX, -0.30% is set to report results, with those companies representing 39% of the index by …
Read More »In One Chart: Tesla may be ‘the most remarkable market story of them all,’ says strategist
So much has been made of Tesla’s breathless rise to mind-boggling valuations in 2020. But the stratospheric rise of the Palo Alto, Calif.-based company also might have a broader impact on the overall markets, not just Tesla or the nascent electrical vehicle market, notes one Deutsche Bank strategist. The share …
Read More »: Tesla to pause Model S, Model X production for 18 days: report
Tesla Inc. will shut down production at its Fremont, Calif., factory for 18 days starting Christmas Eve, CNBC reported over the weekend. Citing an internal email it obtained, CNBC reported Saturday that production lines for Model S and Model X vehicles will be shut down from Dec. 24 to Jan. …
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