Technology

tesla

Tesla Stocks Skid after Twitter Users Back Stake Sale

On Monday, Frankfurt-listed shares of Tesla skidded after followers from Elon Musk’s Twitter poll backed the selling of his stake.  Accordingly, the world’s most valuable car company declined 7.33% or 95.34 points to $1138.06 per share. It trailed its loss of 0.34% to $1237.33 per share last Friday.  On Saturday, Tesla CEO Elon Musk tweeted …

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Uber

Uber Releases its First Adjusted Profit

Uber Technologies Inc. on late Thursday posted its third-quarter earnings, marking its first profitable quarter on an adjusted basis as a public company.  In the latest report, its revenue climbed 72.00% year-over-year to $4.80 billion, surpassing the market estimate of $4.50 billion.  According to Uber, it gained a $123.00 million accrual release in line with …

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TMN - Qualcomm

Qualcomm Stocks Hike on Strong Q4 Fiscal 2021 Earnings

Stocks of Qualcomm surged in extended trading after the semiconductor company reported stronger than expected fiscal fourth-quarter earnings.  Accordingly, the biggest supplier of chips for mobile phones soared 7.52% or 10.42 points to $148.90 per share in the after-hours.  Subsequently, it supported its Wednesday gain of 2.40% or 3.25 points to $138.48 per share.  In …

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kakao pay

Kakao Pay Stocks Climbed in Debut on Growth Prospects

On Wednesday, shares of South Korean fintech company Kakao Pay nearly doubled on its debut as its growth prospects enticed investors. Accordingly, the firm opened at $152.40 per share on the KOSPI against an IPO price of $76.20 per share. Then, it surged a total of 156.00% as it closed to $163.35 per share. Remarkably, …

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Xpeng logo

Xpeng Stocks Soar on Strong October Sales

On Monday, stocks of Xpeng Inc. soared after the Chinese electric-vehicle maker reported solid sales for October.  Its Hong-kong listed shares boosted 2.70% to $23.99, supporting its Friday gain of 1.28% to $23.40 per share.  Accordingly, Xpeng posted 10,138 vehicle deliveries last month, representing a 233.00% year-on-year increase. However, it slightly fell from its September …

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