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…
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.…
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…
Tesla stock is on an absolute tear. The gain is being driven primarily by its upcoming stock split. Jerome Powell’s fingerprints are all over this equities bubble. Someone’s been hoarding up a lot of Tesla stock (NASDAQ:TSLA) this month. Tesla is worth more than Walmart (NYSE:WMT), for now. Shares in the e-car maker soared over…
Why do I have to complete a CAPTCHA? Completing the CAPTCHA proves you are a human and gives you temporary access to the web property. What can I do to prevent this in the future? If you are on a personal connection, like at home, you can run an anti-virus scan on your device to…
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.…
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…
Bernstein downgraded Tesla’s stock to underperform. The Wall Street firm maintains a price target on the stock that implies a reckoning is coming. The analyst still warns investors that shorting TSLA is as dangerous as stepping in front of a freight train. Even after careening from its all-time highs, Tesla stock (NASDAQ: TSLA) is still…
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…
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…
