Tesla Inc. (TSLA) shares surged 7% Monday morning, following news that President-elect Donald Trump's transition team is working on a federal framework to regulate self-driving vehicles. The news could be a major boost for Tesla’s autonomous driving ambitions, especially with the recent unveiling of Tesla's "Cybercab" prototype. The stock’s rally follows a report from [...]
Tesla Inc. (TSLA) shares jumped an impressive 14.5% following Donald Trump’s recent election victory, reaching $287.93, marking a significant moment for the electric vehicle maker. This surge pushed Tesla’s market cap above $900 billion for the first time since July 2023. Investors are feeling optimistic about what Donald Trump’s election could mean for Tesla, [...]
Tesla Inc. (TSLA) is in the spotlight this Monday morning as the electric vehicle manufacturer is set to share its third-quarter earnings results on Wednesday, October 23. The stock is moving a bit lower today, making it an 11% loss over the past month. Now that we’ve officially seen the Robotaxi rollout, the market [...]
Late last week Stellantist (STLA) announced its plans to change things up from a management perspective. After a few consecutive periods of bleeding profits and lowering production, it was time to breathe fresh life into the company. Now, the company’s current CEO of Jeep - Antonio Filosa - will step in as COO of [...]
Elon Musk mentioned a while back that the real value of Tesla (TSLA) was in robotaxis. Investors and the market as a whole have patiently waited for advancements in the technology, and we’ll get our first true look into the company’s plans tonight as it unveils a physical prototype. This was something we were [...]
Shares of Stellantis NV (STLA) are down 11% in the past week as the Netherlands-based automaker was forced to lower its full-year forecast as costs are climbing while production is falling. The company was originally expecting to deliver a double-digit profit percentage for the fiscal year, but now, the profit guidance has been brought [...]
It’s been a rollercoaster ride so far this year for Tesla (TSLA) investors, as the stock has seen thrilling highs and concerning lows. The stock fell roughly 40% in a single month over the summer, but has since begun its road to recovery. It’s up 17% in the past month, and looks to be [...]
Rivian (RIVN) announced that it has been forced to pause production of the electric vehicle fleet it manufactures for Amazon as it’s having supply chain challenges. Shares have fallen 8% in the last week on the news. This has been an ongoing issue since the start of the month as the company’s Normal, Illinois [...]
Tesla (TSLA) reported second-quarter earnings that left investors and the market as a whole disappointed yet again. The company had finally found its footing after a tough start to the year, but the stock slipped back down 10% Wednesday morning. The electric vehicle company posted adjusted earnings of just 52 cents per share, below [...]
Goldman Sachs (GS) reported its second-quarter earnings Monday morning, sending shares higher on the heels of earnings and revenue beats. The company benefited from an increase to fixed income trading along with lower loan loss provisions than originally anticipated. Here are the Q2 results along with the analyst estimates: Earnings: $8.62/share vs $8.34/share expected. [...]
