Financial Industry News
Elon Musk took to Twitter to deny claims of being Bill Gates’ lover. The comments come right after Gates accused Musk of spouting misinformation about COVID-19. Why is the tech bro hero turning a pandemic into an attention-seeking stunt? Elon Musk is not Bill Gates’ lover. In case you were wondering — and, these days, […]
Continue ReadingElon Musk doesn’t want another stimulus bill. The Tesla billionaire wants direct payments instead. Whether you are a small business or a stock market tycoon, Musk is spot on. Elon Musk is not a fan of government stimulus packages. The Tesla boss wants more direct payments to consumers, and in this instance, he’s exactly right. […]
Continue ReadingElon Musk’s cavalier attitude toward shareholders is evident in his behavior on Twitter. Tesla’s rally has been spurred on by a short squeeze. Any way you slice it, TSLA stock looks overvalued. Tesla (NASDAQ:TSLA) CEO Elon Musk rivals Donald Trump as the most ridiculous Twitter user. The eccentric CEO has a love-hate relationship with the […]
Continue ReadingElon Musk has frequently called Twitter a “war zone.” This time around, his own baby’s mother, Grimes, was collateral damage in his latest outrageous volley, “Pronouns suck.” Why didn’t Grimes object to his support for U.S.-led regime changes? Maybe Kanye West is rubbing off on both of them. Normal people relax with a late-night Netflix […]
Continue ReadingTesla 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 […]
Continue ReadingIt just got 95% cheaper to “reserve” a Tesla vehicle in China. The electric carmaker already cut prices on its Chinese-made Model 3 to qualify for government subsidies. Demand for Tesla’s cars may not be as strong as previously thought, according to one analyst. It’s just become a whole lot easier to pretend like you […]
Continue ReadingJMP Securities views Tesla’s current stock price as being too high. In July, the electric carmaker’s stock has surged over 50%. After beating delivery estimates for the quarter ending June, Tesla reports Q2 earnings this week. Tesla (NASDAQ:TSLA) bull JMP Securities has downgraded the stock from “Market Outperform to Market Perform.” Earlier this month, JMP […]
Continue ReadingTech billionaire Mark Cuban just criticized the ‘National Anthem Police’ on Twitter. Ted Cruz entered the fray, and Mark Cuban roasted him into submission. Cuban is using his influence to create social change; Elon Musk is still just trying to ‘look cool.’ So why does the Tesla CEO get all of the unfounded glory? Mark […]
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Continue ReadingTesla spent the highest amount on research and development in 2018. The electric carmaker’s R&D expenditure is falling at a time when legacy auto manufacturers are spending more. Tesla’s technological edge in electric and autonomous vehicles is now at risk. Tesla (NASDAQ:TSLA) will announce its second-quarter results on July 23 as the quarterly earnings season […]
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