Tesla has closed what had been its flagship showroom in China as the company adjusts its sales and service strategy in its second-largest market, two people with knowledge of the matter said.
What happened
Technically speaking, Ford (NYSE: F) stock rose on Tuesday. However, its 0.2% gain was barely noticeable on the speedometer. The market's hesitation was connected with potentially ominous news from a rival that's posing an increasing competitive threat.
Tesla aims to start mass production of its Cybertruck at the end of 2023, two years after the initial target for the long-awaited pickup truck Chief Executive Elon Musk unveiled in 2019, two people with knowledge of the plans told Reuters.
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Twitter Inc will charge $8 for its Blue service, which includes its sought-after "verified" badge, new boss Elon Musk said on Tuesday, in his push to monetize the service and make the social media network less reliant on ads.
What happened
Shares of Tesla (NASDAQ: TSLA) were up by more than 3% soon after the market opened Tuesday, but as of 1 p.m. ET, the shares were up by about 0.8%. The stock moved higher after a Reuters article reported that the electric vehicle leader could begin mass production o
What happened
Over the last 24 hours, the price of Dogecoin (CRYPTO: DOGE) has traded 16.5% higher as the meme cryptocurrency continued its massive rally this week. Over the past five days, the price of Dogecoin is up more than 80%.
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A manslaughter trial set to begin in Los Angeles for a fatal crash caused by a Tesla operating on Autopilot presents a first-of-its kind test for the legal responsibility of a human driver in a car that was partly driving itself, legal experts say.
Tesla aims to start mass production of its Cybertruck at the end of 2023, two years after the initial target for the long-awaited pickup truck Chief Executive Elon Musk unveiled in 2019, two people with knowledge of the plans told Reuters.
Banks that lent $12.7 billion to Elon Musk for his $44 billion Twitter takeover will hold the debt until early next year as they wait for the billionaire to unveil a clearer business plan they can market to investors, the Financial Times reported.
HONG KONG (Reuters Breakingviews) - Geely Automobile is hiving off its young electric vehicle brand, Zeekr. The Hong Kong-listed group’s chairman and founder Li Shufu has a lot riding on how the deal is positioned as the valuations of its homegrown rival
U.S. automaker Ford Motor Co opened its new global technology and business center on the outskirts of Mexico's capital on Monday after a $260 million investment.
Often times when we have big news weeks in the world of the stock market — and this week counts, with 1600+ earnings reports plus a slew of economic data all on deck — we don’t start off hot right away. This is one of those weeks. Only Chicago PMI is out this morning for
Billionaire Elon Musk said on Monday he would be the chief executive officer of Twitter, the social media company he recently acquired for $44 billion.
SpaceX is targeting early December to launch its giant Starship rocket system into orbit for the first time, a pivotal demonstration flight as it aims to fly NASA astronauts to the moon in the next few years, a U.S. official said on Monday.
Twitter should undo the "damage" done to former U.S. President Donald Trump by the cancellation of his account, Mexico's president said on Monday, as he expressed hope that new owner Elon Musk would curb censorship on the social media platform.
What happened
Tesla (NASDAQ: TSLA) stock dropped Monday morning along with much of the technology sector. The tech-heavy Nasdaq Composite index was down about 1.5% in early trading. Tesla shares were lower by 1.6% as of 11 a.m. ET after dropping nearly 3% earlier.
Tech titans had a dismal week, buoyed by weak earnings results and a disappointing outlook. The so-called "GAMMA" stocks — Alphabet GOOGL, Apple AAPL, Microsoft MSFT, Meta Platforms META, and Amazon AMZN — collectively shed about $350 billion in market value last week.Ami
Elon Musk has assured the European Commission that Twitter will abide by tough European rules on illegal online content policing now that the social network has passed under his ownership, European Union sources said on Monday.