Tesla Inc

BUSINESS

From Elon Musk to Sam Bankman-Fried, a bad week for market geniuses

From the FTX bankruptcy and downfall of crypto “rock star” Sam Bankman-Fried to the chaos at Twitter, it has not been a good week for the geniuses of capitalism. Elon Musk’s abrupt and in some cases already reversed decisions since taking over the social media company back up his contention that so far his tenure […]

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BUSINESS

Rivian has both good and bad news at end of tough day for EV stocks

New York CNN Business  —  Electric truckmaker Rivian delivered a mixed bag for investors in its third-quarter earnings report, after a brutal day for its shares and those of other electric vehicle makers. On the one hand, Rivian reported a smaller than expected adjusted loss of $1.4 billion, less than the $1.7 billion loss forecast […]

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BUSINESS

Opinion: Tesla investors have been the biggest losers in Elon Musk’s Twitter deal, and those losses continue

Twitter users have complained a lot about Elon Musk’s early moves after taking control of the social network, but their complaints seem tiny compared with what Tesla Inc. investors have had to suffer. As the U.S. focused on election returns Tuesday evening, Tesla TSLA, -7.17% Chief Executive Musk tried to slip through disclosure of his […]

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BUSINESS

I think Tesla is a decent situation

Ring Energy: “This is a small cap. It’s not a dice roll because it’s a legitimate company. I do prefer something that gives you that dividend because you know in the Investing Club, we bought Coterra. See, that is the better one. It’s got a good yield, 50% oil, 50% natural gas. … Coterra is […]

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BUSINESS

Elon Musk said Twitter has seen a ‘massive drop in revenue’ as more brands pause ads

CNN  —  Elon Musk said Friday that Twitter has seen a “massive drop in revenue,” as a growing number of advertisers pause spending on the platform in the wake of his $44 billion acquisition. “Twitter has had a massive drop in revenue, due to activist groups pressuring advertisers, even though nothing has changed with content […]

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BUSINESS

EV battery firm Britishvolt averts immediate collapse with short-term funding

Charging points for electric vehicles in London, England. Jon Challicom | Moment | Getty Images U.K.-based electric vehicle battery firm Britishvolt said Wednesday it had secured short-term funding, a move that will enable it to stave off administration for the time being. The company said its employees had also agreed to a pay cut for […]

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BUSINESS

Xpeng electric car deliveries drop in October to half of Nio’s

Xpeng said deliveries of its newly launched G9 SUV surged in October from September, despite a drop in the brand’s overall monthly deliveries. China News Service | China News Service | Getty Images BEIJING — Chinese electric car startup Xpeng delivered about half the number of cars that rivals Nio and Li Auto did in […]

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BUSINESS

After Elon Musk’s antics on Twitter, advertisers may think twice for now

New York CNN Business  —  Hours before news broke on Thursday that he had completed his $44 billion acquisition of Twitter, Elon Musk wrote an open letter to advertisers stressing that he doesn’t want the platform to become a “free-for-all hellscape.” But that attempt at reassuring the advertising industry, which makes up the vast majority […]

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BUSINESS

‘Hold your nose and sell’ to brace for a possible market downturn, Jim Cramer says

CNBC’s Jim Cramer on Monday warned investors that they should trim some of their positions to prepare for a possible market decline. “According to the S&P oscillator I’ve followed for ages, we’re very overbought right now,” he said. “You have to hold your nose and sell something because we’re due for a pullback.” The S&P […]

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BUSINESS

Elon Musk has pulled more than 50 Tesla employees into Twitter

The Twitter profile page belonging to Elon Musk is seen on an Apple iPhone mobile phone. Nurphoto | Nurphoto | Getty Images New Twitter owner Elon Musk has pulled more than 50 of his trusted Tesla employees, mostly software engineers from the Autopilot team, into his Twitter takeover, CNBC has learned. Musk, who is CEO […]

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