Tesla is considering selling or spinning off its China unit to pave the way for a SpaceX merger, the Wall Street Journal reported Thursday night.
Tesla has achieved a significant milestone by producing its 10 millionth electric vehicle (EV). This accomplishment brings the company halfway to fulfilling one of the four core product goals set by Elon Musk to unlock his full $1 trillion pay package.
Tesla Inc. struck a long-term deal to buy electricity from a KKR & Co.-backed solar and battery project in Arizona, developer ContourGlobal said.
Tech giant Amazon has filed to launch more than 5,000 satellites aimed at providing global consumer mobile services.
Cathie Wood's ARK Invest bought Tesla stock across four of its ETFs on Thursday, even as shares fell almost 15%.
Tesla shares plunged almost 18% this week after the company missed on earnings and turned cash flow negative.
The Nasdaq 100 Index tumbled Friday, capping its first back-to-back weekly loss since late March as it was dragged down by the oil-price spike and a selloff in the tech stocks that once surged on the back of the AI investment boom.
The bearish Tesla set-up we flagged ahead of Wednesday's report has delivered most of what it can.
The tech-heavy Nasdaq composite dived Thursday, as oil prices spiked amid the ongoing U.S.-Iran conflict. Alphabet and Tesla plunged.
Shares of Alphabet and Tesla fell sharply after both companies reported significant increases in spending related to artificial intelligence. This surge in costs has raised alarms among investors, leading to a broader sell-off in tech stocks, with the Magnificent 7 losing a total of $797 billion.
The Nasdaq undercut key levels as Google and Tesla led titans lower while oil prices soared.
The deep plunge in Tesla Inc.’s stock on Thursday is turning into a major payday for its short sellers.
Tesla weighs sale of China business to pave way for potential SpaceX merger, WSJ reports
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