What happened
Shares of electric car titan Tesla (NASDAQ: TSLA) braked hard Thursday morning, falling 7.1% through 11:30 a.m. ET. That sounds kind of crazy, seeing as Tesla just crushed on earnings last night, reporting $17.7 billion in sales, when Wall Street had only expected t
Shares of Tesla Inc slumped on Thursday, with smaller competitors also taking a hit after the leading electric vehicle maker warned that supply chain problems will last throughout 2022.
What happened
Shares of several big-name electric vehicle (EV) stocks were trading down at midday on Thursday, after category leader Tesla (NASDAQ: TSLA) gave weak guidance for 2022.
The S&P 500 and the Nasdaq last week posted their worst performances since the pandemic began. The benchmark index is officially in correction territory (down 10% or more from its highs) and the tech-heavy Nasdaq is down around 16%.
Are These The Best Meme Stocks To Have In Your Portfolio Ahead Of February 2022?Meme stocks, a phrase that several years ago, would not have meant anything in the stock market. Now, as we pass the one-year mark since this group of stocks took the market by storm, investors could
Platinum prices are expected to steadily rise over the next two years and palladium prices to gradually fall as automakers switch to using platinum in autocatalysts to cut costs, a Reuters survey Thursday showed.
U.S. stock indexes opened higher on Thursday on a boost from tech-focused megacap firms a day after hawkish comments from the Federal Reserve weighed on markets.
Stock Market Today Mid-Morning UpdatesOn Thursday, the Dow Jones Industrial Average rose by 170 points. Could the recent sell-offs due to the Fed’s hawkish approach to rising inflation be over? ServiceNow (NYSE: NOW) CEO Bill McDermott seems to think so for software stocks
General Motors Co. GM recently announced an investment plan of more than $7 billion in four Michigan manufacturing sites, which will create 4,000 new jobs and retain 1,000. Also, this will boost battery cell and electric truck manufacturing capacity. The investment marks
Federal regulation regarding cryptocurrencies looks like it’s one step closer, with the Biden administration preparing to release an executive order possibly next month outlining the government’s strategy and seeking risk and opportunity definitions from government agencies regarding cryptocurrencies, reports Bloomberg. Releasing an executive order will put the White House front and center of crypto regulation; as [...] Read more at ETFtrends.com.
Several factors affect stock prices. Some of these, like macroeconomic and industry factors, are mainly out of a company's control. However, company-specific factors, which are a key driver of the stock price of any company, are largely under its management's control. When the ma
Wall Street was set to open higher on Thursday, helped by gains in megacap tech-focused firms a day after hawkish comments from the Federal Reserve weighed on markets.
Tesla TSLA reported fourth-quarter 2021 earnings of $2.54, which surpassed the Zacks Consensus Estimate of $2.11. A higher-than-expected automotive gross profit resulted in this outperformance. Precisely, automotive gross profit came in at $4,882 million, topping the cons
Investors have no shortage of beaten-down electric vehicle (EV) manufacturers to choose from in 2022. Virtually all of them have lost 10% or more of their value in the first three weeks of the new year.
Tesla's most important products this year and next will not be cars, CEO Elon Musk said on Wednesday, but software that drives them autonomously and a humanoid robot the company expects to help out in the factory.
Ford F recently joined forces with Jiangling Motors Corporation (“JMC”) to form a new 49:51 joint venture (JV) –– Jiangling Ford Automobile Technology (Shanghai) Co. –– aimed at strengthening Ford's sales efforts and reach in China.The venture will solidify the collaborat
Stock Market Futures Mixed Following Federal Reserve Policy UpdateStock market futures are mixed during today’s early morning trading. This is likely as investors digest the latest statements from the Federal Open Market Committee (FOMC). Now, among the key takeaways from t
Wall Street futures treaded water on Thursday, following hawkish comments from the Federal Reserve in the previous session, while attention turned to quarterly results from growth companies and final quarter GDP data.
It is not surprising that before an earnings season, every investor looks for stocks that can beat market expectation. This is because investors always try to position themselves ahead of time and tap stocks that are high-quality in nature.
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