US electric vehicle (EV) giant Tesla Inc. is looking to accelerate the release of new, cheaper EV models as it observed a drop in profit margins and sales. The Texas-based carmaker’s Chief Executive Elon Musk
Quick Overview Strategic Shift: Tesla pivots from Model 2 to developing a robotaxi program, redefining it as an AI/robotics company Financial Impact: 2024 sees a significant EPS drop to $2.66, reflecting challenges and adjusted future
At a Glance Lawsuit Filed Against SEC: The NCLA has sued the SEC, challenging the Consolidated Audit Trail (CAT) for allegedly collecting personal data unlawfully Privacy and Legal Concerns: Critics claim the CAT violates the
At a Glance Major Index Gains: S&P 500 surpassed the 5,000 mark, with Nasdaq and Dow Jones also seeing significant rises Tech Earnings Anticipation: Meta, Microsoft, and Alphabet’s upcoming results could influence market sentiments Tesla’s
Asian stock markets were mainly in the green on Tuesday as investors awaited a set of earnings reports from US tech giants, while further cues on the direction of the Federal Reserve’s interest rates were
US software company Salesforce Inc.’s negotiations to acquire software-as-a-service firm Informatica Inc. have reportedly collapsed, citing failure to agree on the terms of the arrangement. People familiar with the matter stated that talks between the
On Thursday, Tesla Inc.’s shares fell below the $150.00 support level as executives pushed to reinstate a $56.00 billion pay deal for Elon Musk. The Austin-based automaker’s stock plummeted by 3.59% to $149.86 apiece on
Quick Overview: Economic Growth vs Inflation: Powell noted solid growth and a strong labour market but acknowledged inflation remains above the 2% target at 3.5%; Interest Rate Strategy: Current rates have held steady at 5.25-5.5%
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