Nasdaq TSLA Tesla

U.S. stocks ended higher to kick off the trading week on Monday, buoyed by gains in financial and technology shares as investors awaited the next round of quarterly results this week as earnings season gathers speed.

(RTTNews) - After a two-year delay, Tesla (TSLA) has finally constructed its first Cybertruck, the company announced in a tweet on Saturday. The tweet showcased a group of workers wearing hard hats around the sleek electric pickup truck, which was assembled at Tesla's Gigafactory

U.S. stocks rose to kick off the trading week on Monday, led by gains in financial and technology shares as investors looked toward the next round of quarterly results as earnings season gathers speed.

What happened Electric vehicle (EV) stocks started the week all shook up on Monday, as news releases from Ford (NYSE: F) and Tesla (NASDAQ: TSLA) sent investors scrambling to figure out which way is up.

Tesla Inc's directors agreed to settle a shareholder lawsuit challenging their compensation by returning to the company the value of 3.1 million stock options, worth $735 million, according to a Monday filing in a Delaware court.

The tech-heavy Nasdaq led Wall Street higher on Monday supported by megacap growth stocks including Apple and Tesla, ahead of quarterly results from industry heavyweights through the week.

Tesla sued Australian company Cap-XX in Texas federal court on Friday, claiming its supercapacitors used for storing energy in electric-vehicle batteries infringe two U.S. patents owned by a Tesla subsidiary.

Hedge fund manager Cathie Wood’s flagship exchange-traded fund (ETF), ARK Innovation ETF ( ARKK ) is shrinking in size, with investors pulling out a net $717 million over the past 12 months, the Wall Street Journal reported citing FactSet data. Investors seem to be booking profits, given ARKK has jumped 56% year-to-date following a significant decline last year. Additionally, investors seem to be averse to several holdings in the ARKK ETF that are still unprofitable.   ARKK ETF’s Shrinking Size Cathie Wood’s ARKK ETF now has over $9 billion in assets under management (AUM) down from $28 billion in February 2021, mostly due to investment losses. The fund enjoyed a strong run and successfully attracted investors' funds during 2020, as it placed its bets on companies focusing on “disruptive innovation.” However, continued rate hikes dampened investor sentiment about unprofitable growth stocks trading at sky-high valuations. Several investors liquidated their positions last year to invest in safer bets due to persistent macro challenges. In 2022, ARKK shares tanked 67%. While ARKK ETF has rallied year-to-date in 2023, it is trading 70% below its all-time high. Although many growth stocks have rebounded strongly this year, most of them are companies generating solid cash flows. Meanwhile among ARKK’s top five holdings – Tesla ( NASDAQ:TSLA ), Coinbase ( NASDAQ:COIN ), Roku ( NASDAQ:ROKU ), Zoom Video ( NASDAQ:ZM ), and Block ( NYSE:SQ ), only Tesla and Zoom generated profits on a GAAP basis in 2022. Aniket Ullal, head of ETF data and analytics at CFRA Research, thinks that many of ARKK’s holdings won’t generate huge cash flows until “way out in the future,” especially when the high-interest rate backdrop is expected to continue for a longer time period.     It is interesting to note that while ARKK’s AUM is shrinking, other ETFs are enjoying solid inflows. As per State Street, active funds have seen inflows worth $10 billion in June and more than $100 billion over the past year.   Meanwhile, Wood, who owns a majority stake in ARKK’s parent company ARK Investment Management, continues to make good money from the ETF, thanks to the fee revenue. ARKK has an annual fee of 0.75%, which is about double the average fee of active ETFs.    What is the Future of ARKK Stock? ARKK has a Hold consensus rating based on the ratings of 445 analysts on its holdings. The average price target of $51.07 implies 5.2% upside. Disclosure

No wonder Tesla (NASDAQ: TSLA) shares have rallied sharply this year. The company is giving investors many reasons to be upbeat. Not only did Tesla report a staggering second-quarter year-over-year growth rate for vehicle deliveries of 83%, but management has also been telling in

Investors interested in stocks from the Automotive - Domestic sector have probably already heard of Ford Motor Company (F) and Tesla (TSLA). But which of these two stocks offers value investors a better bang for their buck right n

(RTTNews) - Intensifying competition in the electric vehicle or EV market is posing a significant challenge for Tesla Inc. (TSLA), with rival automakers vying for a piece of the growing industry.

The stock market has gotten off to a good start to the new week on Monday. Major market benchmarks are up as much as half a percent, building on big gains so far in 2023 that have helped to reverse a sizable portion of 2022's losses. Investors want to see more positive news that

Nikola (NASDAQ: NKLA) has been a tough stock to trade over the past three years. Share prices for the electric truck maker closed at a record high of $79.73 on June 9, 2020, but subsequently plunged 99% to an all-time low of $0.52 a share by June 6, 2023. Its sluggish production

What you need to know… The S&P 500 Index ($SPX ) (SPY ) today is up +0.14%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +0.08%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.33%. Stocks this morning shook off early losses and are...

In early trading on Monday, shares of Datadog topped the list of the day's best performing components of the Nasdaq 100 index, trading up 3.1%. Year to date, Datadog Inc registers a 52.3% gain.

Still early-on in Q2 earnings season, this week we get a look at the first of the FAANG stocks (if we’re still calling them that). Netflix NFLX reports Wednesday after the closing bell, and is expected to bring in earnings -11.88%

The S&P 500 and the Dow edged up on Monday, as investors awaited quarterly results from industry heavyweights through the week, while Apple and Tesla boosted the tech-heavy Nasdaq.

Tesla, Inc. TSLA is set to release its second-quarter 2023 results on Jul 19, after the closing bell. The focal point of the electric vehicle (EV) manufacturer’s earnings release will be its vehicle production and deliveries. High

Still early-on in Q2 earnings season, this week we get a look at the first of the FAANG stocks (if we’re still calling them that). Netflix NFLX reports Wednesday after the closing bell, and is expected to bring in earnings -11.88%

Ford Motor on Monday slashed the prices of its popular electric F-150 Lightning trucks, with the base variant now costing about 17% less, as an electric vehicle (EV) price war started by market leader Tesla intensifies.