U.S. stock indexes opened lower on Friday, dragged down by shares of Tesla and Apple, while a solid jobs report fanned worries over tighter monetary policy and soaring inflation.
Tesla CEO Elon Musk has a "super bad feeling" about the economy and wants to cut about 10% of jobs at the electric carmaker, he said in an email to executives on Thursday seen by Reuters.
Tesla chief executive Elon Musk said he had a "super bad feeling" about the economy and that the electric carmaker needed to cut staff by around 10%, according to an internal email seen by Reuters.
Tesla chief executive Elon Musk said the electric carmaker needs to "make a roughly 10% reduction in staff," according to an email sent to executives on Thursday and seen by Reuters.
Japan's Panasonic Holdings Corp, which makes batteries for electric car maker Tesla, is finalising a decision on which U.S. state it will choose as the site for a new battery plant, a top executive said on Friday.
Japan's Panasonic Holdings Corp, which makes batteries for electric car maker Tesla, is finalising a decision on which U.S. state it will choose as the site for a new battery plant, a top executive said on Friday.
Elon Musk got into a Twitter spat with Australia's third-richest man on Friday over the value of putting an end to the pandemic-era habit of remote working.
Hedge fund investors are bracing for a river of red ink as firms begin reporting returns for May when the stock market hovered near bear territory on disappointing earnings and worries about aggressive rate hikes, investors and fund managers said on Thursday.
Hedge fund investors are bracing for a river of red ink as firms begin reporting returns for May when the stock market hovered near bear territory on disappointing earnings and worries about aggressive rate hikes, investors and fund managers said on Thursday.
What happened
Yesterday, shares of electric car leader Tesla (NASDAQ: TSLA) took a 2.4% tumble as U.S. media obsessed over Elon Musk's emailed ultimatum: Tesla office workers must cease working from home and report to the office, or else find a new job and "pretend to work somewh
Wall Street ended sharply higher on Thursday, led by Tesla, Nvidia and other megacap growth stocks in a choppy session ahead of a key jobs report due on Friday.
Wall Street ended sharply higher on Thursday, led by Tesla, Nvidia and other megacap growth stocks in a choppy session ahead of a key jobs report due on Friday.
NEW YORK (Reuters Breakingviews) - General Motors is at least beating Tesla on one front. The $57 billion Detroit automaker run by Mary Barra lowered the price on its lead electric vehicle on Wednesday, taking it down so much that it can compete
What happened
Shares of Chinese electric-vehicle (EV) maker Nio (NYSE: NIO) took a turn for the worse Thursday morning, falling 2.3% in the first five minutes after the market opened.
U.S. stock indexes rose in choppy trading on Thursday led by Tesla and other growth stocks, with investor focus on Microsoft's forecast cut and comments from a Federal Reserve official ahead of a key jobs report due on Friday.
In today's video, I am covering seven companies that may issue stock splits in 2022. The list includes Gamestop (NYSE: GME), Amazon (NASDAQ: AMZN), and Tesla (NASDAQ: TSLA).
Ford Motor Co on Thursday said it will invest $3.7 billion in assembly plants in Michigan, Ohio and Missouri for production of both electric and gasoline-powered vehicles.