Category: Tesla

Tesla Stock Crashes 19% & Enters Bear Market Territory
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Tesla Stock Crashes 19% & Enters Bear Market Territory

Tesla plunged in pre-market trading and extended its decline after the open. Tesla has now officially entered a bear market and will likely fall much further. The decline of Tesla stock will be hastened by company selloffs, an underwhelming Battery Day, and its declining market share. Tesla stock fell by as much as 19.7% Tuesday…

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Tesla shares drop sharply in broader tech selloff, falling 17% in morning trading
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Tesla shares drop sharply in broader tech selloff, falling 17% in morning trading

Last Thursday and Friday’s public market selloff has stretched into this week, with the tech-heavy Nasdaq Composite off 2.5% this morning. But while tech shares are down broadly to start the holiday-shortened week — and are taking stick for bringing down even broader indices — some well-known technology, and technology-ish companies are suffering even more.…

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Elon Musk confirms Tesla was target of foiled ransomware attack
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Elon Musk confirms Tesla was target of foiled ransomware attack

Elon Musk called an attempted cyberattack against Tesla “serious,” a comment that confirms the company was the target of a foiled ransomware attempt at its massive factory near Reno, Nevada. The Justice Department released a complaint Thursday that described a thwarted malware attack against an unnamed company in Sparks, Nevada. Tesla has a factory in…

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Is Ferrari the Next Tesla?
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Is Ferrari the Next Tesla?

Ferrari could evolve into a Tesla-killer stock with a long-term pivot to electric vehicles and SUVs. Morgan Stanley’s Adam Jonas gives the stock a price target of $265, which represents 37% growth from current values. Investors should look forward to the release of the Ferrari Purosangue, an SUV expected to hit the market in 2022.…

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Tesla’s China Sales Skid as Buffett-Backed BYD Booms
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Tesla’s China Sales Skid as Buffett-Backed BYD Booms

Sales of the Shanghai-made Model 3 sedan fell in July. Wall Street has warned of the risk U.S.-China tensions pose to companies like Tesla. Chinese electric vehicle (EV) makers are growing in stature and competitiveness. After selling a record number of Model 3s in June, Tesla’s sales of its lowest-priced sedan in China fell drastically…

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Tesla Stock Is Crashing – And the ‘Dumb Money’ Is Buying the Dip
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Tesla Stock Is Crashing – And the ‘Dumb Money’ Is Buying the Dip

Tesla stock has plunged more than 20% from its highs this week. Even as Wall Street analysts warned about the bizarre disconnect between share price and fundamentals, Robinhood traders went all-in. They’re about to learn the hard way about the counterintuitive effects of a “short squeeze” and the inevitability of mean reversion. After doubling its…

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Tesla takes aim at Rivian in lawsuit alleging trade secret theft, poaching talent
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Tesla takes aim at Rivian in lawsuit alleging trade secret theft, poaching talent

Tesla filed a lawsuit against electric vehicle automaker Rivian and four former employers, on allegations of poaching talent and stealing trade secrets. Bloomberg was the first to report the lawsuit filed in California Superior Court in Santa Clara. Tesla alleges in the lawsuit that Rivian recruits Tesla employees and encourages them to take proprietary information…

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