Financial Industry News
Elon Musk has warned Tesla employees about risks to their stock price. Likening TSLA to a soufflé, Musk fears a “sledgehammer” should their future profits come into question. Tesla stock fell 4% at the open of trade on Wednesday. A leaked email from Elon Musk to his employees suggested the billionaire fears any damage to […]
Continue ReadingTesla stock is on another tear. Elon Musk’s juggernaut is now worth more than most of the world’s major car brands added together. An efficient market hypothesis is out the window for TSLA bulls after S&P 500 rally. In one of the most remarkable performances in the history of the U.S. stock market, Elon Musk’s […]
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Continue ReadingElon Musk announced Friday that Tesla would enter India in 2021. India is the world’s fifth-largest auto market. Several U.S. brands have quit the Indian market in recent years. This includes General Motors and Harley Davidson. The long-awaited entry of Tesla into India is now months away if Elon Musk is to be believed. Musk […]
Continue ReadingTesla has once again reduced the prices of its made-in-China Model 3. The price cuts come at a time of increasing competition in China. Chinese EV manufacturers are growing in stature, and foreign automakers are boosting their investments. The going is getting tougher for Tesla in China. Just five months after making substantial price cuts […]
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Continue ReadingTesla’s stock has dropped by over 10% since Battery Day. There remains one more quarterly report before the year ends. Democrats could provide the catalyst that Tesla investors need. The hype surrounding the Tesla Battery Day event did not live up to expectations. There was no million-mile battery as had been speculated. Additionally, the advancements […]
Continue ReadingWall Street had high expectations for Battery Day, which weren’t met. Innovations announced by Elon Musk will take several years to materialize. Tesla stock is overvalued and needs catalysts to go higher. Investors had elevated expectations about Tesla’s Battery Day, but it ended up being a colossal disappointment. Tesla CEO Elon Musk said some of […]
Continue ReadingThe Telsa battery day was successful analysts say, as the electric carmaker showed unprecedented confidence. CEO Elon Musk said a $25,000 Tesla model is likely within three years as the company plans to develop batteries in-house. New Street Research analyst Pierre Ferragu described the announcement as “insane innovation.” The TSLA stock price plunged by 5.6% in […]
Continue ReadingThe wealth Elon Musk has gained this year is higher than what Warren Buffett is currently worth. Tesla’s stock has quadrupled in 2020 on the back of splits and the possibility of inclusion into the S&P 500 Index. Tesla’s Battery Day has excited investors, too. Tesla CEO Elon Musk is now worth $108 billion. Year-to-date, […]
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