Category: Tesla
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Tesla and SMCI stocks downgraded By Investing.com
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Investing.com – Here are analysts’ biggest moves in artificial intelligence (AI) this week. InvestingPro subscribers always get priority access to market-moving AI analyst commentary. Upgrade today! UBS Downgrades Tesla (NASDAQ:) to Sell on Revaluation, Rising AI Costs Analysts at UBS on Friday downgraded Tesla shares to sell from neutral, while…
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Tesla CEO Elon Musk donates to Trump’s reelection bid
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Billionaire Elon Musk has donated to a giant political action committee working to elect Donald Trump to the White House, a major move by the world’s richest person to make his mark on the American political landscape. Musk has contributed to a low-profile group called America PAC, according to people…
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Tesla is downgraded by UBS due to valuation concerns
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Jason Doy Tesla (NASDAQ: Tesla) fell in early trading on Friday after UBS downgraded the electric vehicle giant to a sell rating from neutral. UBS analyst Joseph Spak and his team noted that Tesla (TSLA) is trading in a bullish direction. Future growth initiatives are expected to decline. “Tesla is…
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Tesla delays robotaxi launch to October from August, Bloomberg News reports By Reuters
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Tesla Inc. has delayed the launch of a robotaxi by about two months until October after the design team was asked to redesign some elements of the vehicle, Bloomberg News reported on Thursday, citing people familiar with the decision. Shares of Tesla (NASDAQ:TSLA), which is betting on self-driving vehicles over…
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Tesla stock notches 10th consecutive day of gains as investors eye growth potential
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Tesla (TSLA) stock closed up about 4% on Tuesday, posting gains for the 10th straight day. The positive moves mean Tesla has erased all of its losses since the start of the year, with the stock up about 5% year-to-date. Shares are up about 75% since hitting a 52-week low…
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Hedge funds face losses amid unexpected Tesla rally By Investing.com
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Investing.com – A large number of hedge funds that bet against Tesla Inc (NASDAQ:) could now face potential losses, after a surprise surge in the electric car maker’s shares. About 18% of more than 500 hedge funds were short Tesla at the end of June, the highest percentage in more…
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Tesla stock turns positive for 2024 amid $200 billion rally
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Tesla Inc. shares fell sharply on Friday after the world’s most valuable automaker erased its losses since the start of the year following a seven-day rally. Shares of the electric-car maker surged more than 30% in its latest winning streak, adding more than $200 billion to its market value. Earlier…
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Elon Musk’s Tesla recoups all its year-to-date losses
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Tesla’s boldness is back. A few months ago, Elon Musk’s company was the butt of every Wall Street joke, a growth stock that, as Wells Fargo put it, wasn’t growing. Pundits began to wonder why anyone still included it among the “magnificent seven” companies after Tesla ranked behind all 499…
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Tesla stock pops 6%, extends rally as ‘Mojo back for Musk’ after latest delivery data
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Tesla shares extended gains on Wednesday, rising more than 6% after jumping 10% on Tuesday, as Wall Street focused on the electric carmaker’s better-than-expected quarterly vehicle delivery results. Tesla’s stock is now up more than 70% since its low in late April. Tesla announced this week that it has produced…
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Stifel initiates on Tesla; downgrade for Alphabet By Investing.com
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Investing.com – Here’s a professional summary of the most important pieces of information Wall Street analysts said over the past week. InvestingPro subscribers always get the first guess on rating changes that move the market. Holding confirmation What happened? Goldman Sachs on Monday initiated coverage with a new analyst rating…
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Nvidia, Micron rise; Lennar, Tesla fall By Investing.com
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(Updated – June 18, 2024 at 11:31 AM EST) Investing.com – U.S. stock futures were mixed on Tuesday after May retail sales data was weaker than economists expected, as investors continued to balance the weaker economic data with the possibility of a Federal Reserve interest rate cut later this year.…
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Elon Musk Secures Shareholder Approval for Historic £44bn Tesla Pay Package
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Tesla CEO Elon Musk has won shareholder approval to reinstate his unprecedented $56bn (£44bn) pay package, marking the largest in US corporate history. Tesla confirmed that proposals to ratify Musk’s compensation deal and move the company’s legal headquarters to Texas have been approved by shareholders. Enthusiastic chants of “Elon Musk,…
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Exclusive-Vanguard vote switch helped pass Tesla CEO Elon Musk’s $56 billion pay package By Reuters
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Written by Ross Kerber (Reuters) – Vanguard, Tesla Inc. (NASDAQ:)’s largest outside investor, said it voted in favor of CEO Elon Musk’s $56 billion pay package, citing the company’s performance, which contributed to the record-breaking rankings being passed on Thursday. In a memo seen by Reuters, Vanguard said it voted…
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Tesla bull case upped to $350 after Musk’s pay package approval
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Shareholders of Elon Musk and Tesla (NASDAQ:) are having a “pop the champagne” moment after their controversial 2018 compensation package and Texas incorporation received overwhelming approval at the company’s annual meeting in Austin, Wedbush analysts said. Marking a pivotal moment for the company, company analysts expect the $20 to $25…
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Musk’s small-investor army cheers approval of $56 billion Tesla pay package By Reuters
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Written by Abhiroop Roy SAN FRANCISCO (Reuters) – Elon Musk’s army of small investor allies scored a victory on Thursday as the Tesla (NASDAQ:) CEO won a crucial shareholder vote on his $56 billion pay package despite opposition from major institutions. Wealthy investors, who own an unusually high stake in…
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Musk Says His $56 Billion Pay at Tesla Is Passing by ‘Wide Margins’
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(Bloomberg) – Elon Musk said late Wednesday in the United States that two major proposals to re-certify his salary package and move Tesla Inc.’s legal headquarters are in the works. To Texas from Delaware they currently pass by a “wide margin.” Most read from Bloomberg The preliminary results are great…
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Musk says Tesla shareholder vote for $56 billion pay package passing by wide margins By Reuters
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(Reuters) – Tesla (NASDAQ:) shareholder decisions on CEO Elon Musk’s pay package and its move to move legal headquarters to Texas are currently passing by wide margins, Musk said in a post on social media platform X on Wednesday. Electric car maker Tesla shareholders are voting on a proposal to…
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Elon Musk, ‘absent CEO’, set to land $45 billion Tesla pay package
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On Thursday, Tesla shareholders will vote on whether or not to approve Musk’s uniquely structured pay package. Initially passed in 2018, Tesla’s board of directors and shareholders praised the pay proposal because it was seen as a major success, requiring Musk to do so. Almost impossible goals Before he sees…
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Tesla shareholder sues Musk to return billions in alleged unlawful profits By Reuters
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WILMINGTON, Del. (Reuters) – Elon Musk made billions of dollars by selling Tesla Inc (NASDAQ:) shares using inside information, an institutional shareholder charged in a lawsuit filed on Tuesday is asking a court to direct the Tesla CEO to return “unlawful profits.” Legal”. “ The lawsuit comes two days before…