Nasdaq TSLA Tesla

It's an exciting time to be an investor in electric vehicle (EV) stocks. We're already speaking of hypergrowth in the industry although it's just getting started: Electric car registrations jumped 41% in 2020 when sales of passenger vehicles declined 16% globally, according to th

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A few companies have started adding Bitcoin (CRYPTO: BTC) to their balance sheets as a substitute for ultra-safe cash and bonds. Others have taken advantage of skyrocketing share prices by issuing new stock certificates. A handful of brave corporations have even combined the two

Bitcoin (CRYPTO: BTC) is now around 30% below its highs from early November. But it will bounce back, right? Not according to Cornell University senior professor and author Eswar Prasad.

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(RTTNews) - Elon Musk has finally put the speculations and controversies around his hysteric stock transaction to bed after announcing that he will pay more than $11 billion in taxes in 2021. The Tesla, Inc. (TSLA) CEO tweeted on Sunday, "For those wondering, I will pay ov

What happened Shares of many companies in the electric-vehicle space had a tough Monday, including high-flyer Rivian Automotive (NASDAQ: RIVN). Those stocks were caught in the broad market sell-off triggered by the rapid spread of the omicron variant of COVID-19, as well as the d

Wall Street's main indexes dropped more than 1% on Monday as investors worried about the Omicron COVID-19 variant potentially undercutting the economic rebound and a critical setback to President Joe Biden's social-spending bill.

Stock Market Today Mid-Morning UpdatesDuring Monday morning’s trading session the Dow Jones Industrial Average slipped more than 600 points, as fears of the omicron variant increase within the U.S and abroad. Shares of Moderna (NASDAQ: MRNA) moved higher this morning on new

What happened Shares of Tesla (NASDAQ: TSLA) suffered a minor fender bender Monday, dented by a pair of moderately negative news items.

Comparing units outstanding versus one week ago at the coverage universe of ETFs at ETF Channel, the biggest inflow was seen in the iShares S&P 500 Growth ETF, which added 36,950,000 units, or a 7.7% increase week over week. Among the largest underlying components of IVW,

According to a report published by Reuters, Tesla, Inc. (NASDAQ:TSLA) has been sued by an investor over CEO Elon Musk’s social media posts.

Since November 6, when Musk asked Twitter users whether he should sell 10% of his stake in the company, the stock price has dropped down by nearly 25% after hovering near record highs.

Details of the Lawsuit

The lawsuit was filed in the Delaware Court of Chancery on December 16 by David Wagner. The investor is seeking access to the company’s books and records related to Musk’s tweets to find out whether the stock sales tweets were approved or reviewed beforehand.

Wagner also wants to check if the EV-maker’s board members have failed to follow their fiduciary duties.

Since Musk’s tweet on November 6, he has sold Tesla shares worth around $14 billion.

Past Lawsuits

In March, Musk and Tesla’s Board were sued by another shareholder who accused him of violating a settlement reached with the Securities and Exchange Commission (SEC) in 2018 and causing billions of dollars of losses for the company’s shareholders.

Another Tweet by Musk

On December 19, Musk said in a tweet that he will pay over $11 billion in taxes this year, Reuters reported.

The tweet was in response to Democratic U.S. Senator Elizabeth Warren’s recent tweet asking Musk to pay taxes and stop “freeloading off everyone else.”

Warren’s tweet came after Musk was named “person of the year” by Time magazine.

Wall Street’s Take

Last week, Daiwa analyst Jairam Nathan maintained a Hold rating on the stock and raised the price target to $1,050 from $860 (12.6% upside potential).

Additionally, Deutsche Bank analyst Emmanuel Rosner reiterated a Buy rating on Tesla with a price target of $1,000 (7.2% upside potential).

Overall, the stock has a Moderate Buy consensus rating based on 13 Buys, 8 Holds and 6 Sells. The average Tesla stock forecast of $985.64 implies a 5.7% upside potential. Shares have gained 50.2% over the past six months.

Website Traffic

TipRanks’ Website Traffic Tool, which uses data from SEMrush Holdings (SEMR), the world’s biggest website usage monitoring service, offers insight into Tesla’s performance.

According to the tool, compared to the previous year, the company’s website traffic registered a 1.2% rise, month-over-month, in global visits in November. Moreover, Tesla website traffic has increased 1.7% year-to-date against the same period last year.

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U.S. stock indexes were set for a weak opening on Monday, dragged by concerns about the impact of tighter COVID-19 curbs on the global economy, and a potentially devastating setback to President Joe Biden's investment bill.

President Joe Biden wants half of all new vehicle sales in the U.S. to be electric by 2030. That will require exceptional growth in electric vehicles (EVs), which right now make up less than 5% of U.S. vehicle sales. A robust charging infrastructure is also vital for increasing t

This year, top-performing investments such as Tesla and Bitcoin have risen 36% and 67%, respectively. That's well ahead of the S&P 500, which is up a modest 25% year to date. But as good as those investments have been, there are two that have generated stronger returns for th

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U.S. stock index futures tumbled more than 1% on Monday, dragged by concerns about the impact of tighter restrictions on the global economy, as the Omicron variant of the coronavirus spreads rapidly around the world.

LONDON (Reuters Breakingviews) - Elon Musk successfully forced Volkswagen to embrace the electric vehicle big time. In 2022, Brazil’s $15 billion meat giant JBS and $31 billion U.S. rival Tyson Foods could end up trailing Tesla’s alt