US stocks declined on Wednesday, led by the tech-heavy Nasdaq after lackluster quarterly results from Tesla and Alphabet. At the opening bell, the Dow Jones Industrial Average fell 147.46 points, or 0.37%, to 40,210.63. The S&P 500 was lower by 49.90 points, or 0.90%, at 5,505.84, while the Nasdaq Composite […]
Tesla
Tesla share price fell 8% in extended trade after the electric vehicle (EV) maker’s net profit in the second quarter missed Wall Street estimates and reported its lowest profit margin in more than five years. Tesla shares declined 7.7% to $227.23 in after-hours trade. Tesla’s Q2 net income declined to […]
Hedge funds piled into short bets against Tesla Inc. right before the electric vehicle maker unveiled a set of numbers that triggered a hefty share-price rally. About 18% of the 500-plus hedge funds tracked by data provider Hazeltree had an overall short position on Tesla at the end of June, […]
Tesla share price jumped more than 10% on Tuesday to hit its highest level since the start of January after the electric vehicle (EV) maker’s auto deliveries beat analyst estimates. Tesla shares ended 10.20% higher at $231.26. The billionaire Elon Musk-led Tesla said it delivered around 443,95 vehicles worldwide in […]
Apple reclaimed its position as the world’s most valuable company, surpassing Microsoft, on Wednesday. Apple’s shares rose over 2 per cent to $211.75, resulting in a market valuation of $3.25 trillion. In comparison, Microsoft’s market capitalization fell to $3.24 trillion, placing it behind Apple for the first time in five […]
– Proxy advisory firm Glass Lewis said on Saturday it has urged Tesla shareholders to reject a $56 billion pay package for Chief Executive Officer Elon Musk, which if passed would be the largest pay package for a CEO in corporate America. The report cited reasons like the “excessive size” […]