Nasdaq TSLA Tesla

Wall Street indexes fell on Wednesday as investors bet on early rate hikes by the Federal Reserve after strong retail earnings, although supply chain concerns sent retail stocks lower.

What happened Shares of Tesla (NASDAQ: TSLA) surged on Wednesday, climbing as much as 6.2%. As of 11:05 a.m. EST, the stock was up 5.1%. This extends a gain for the stock that occurred yesterday.

Johnson & Johnson (NYSE: JNJ) announces plans to split into two companies. Rivian Automotive (NASDAQ: RIVN) records one of the biggest IPOs of all time. And Disney (NYSE: DIS) stock slips on slowing streaming growth. Motley Fool analysts Andy Cross and Jason Moser discuss tho

Shares of Tesla climbed for a second day on Wednesday, gaining 4% after Chief Executive Elon Musk sold more of his shares, while other high-flying electric vehicle makers hit the brakes on a euphoric rally.

DoorDash (NYSE: DASH) shares rise on an international acquisition. Coinbase falls as trading activity in the third quarter was lower than expected. Motley Fool analyst Asit Sharma analyzes those stories and more.

Wall Street indexes fell on Wednesday as investors fretted over early rate hikes by the Federal Reserve after strong retail earnings, while Visa weighed on the Dow after Amazon said it would stop accepting cards issued by the operator in the UK.

Shares of some high-flying electric vehicle makers retreated on Wednesday, putting brakes on a euphoric rally that has seen them surpass legacy automakers such as General Motors in market capitalization despite questions about their business models.

Tesla (TSLA) CEO Elon Musk's bid to offload a 10% stake in the EV giant is already having a ripple effect. Reuters reports that the stock has shed about $187 billion in market value amid the share sell-off drive. Tesla is a U.S. company that designs and manufactures electric cars as well as solar energy generation systems and energy storage products. (See Top Smart Score Stocks on TipRanks) Rivian and Lucid Price Gains As Tesla stocks edged lower on Musk selling about 8.2 million shares for about $8.8 billion, Rivian Automotive (RIVN) and Lucid Group (LCID) have posted solid price gains in the market. Rivian stock price gain comes on the confirmation that underwriters bought 22.95 million additional shares, consequently boosting the size of the IPO. According to Reuters, the company’s market capitalization has risen to $153 billion, overtaking Volkswagen (VWAGY) by about $14 billion. Lucid has also been in a fine form as Tesla edged lower, rallying 24% after announcing reservations for its car rose to 13,000 in Q3. The company has also confirmed it is on course to produce 20,000 of Lucid Air sedans in 2022. Tesla Bounces Back While Tesla has been under immense pressure in recent days, the sell-off appears to be subsiding. The bounce-back comes on the heels of Musk acquiring 2.1 million shares worth $2.2 billion, and selling 934,091 shares for $973 million. While Tesla has shed about $187 billion since Musk started selling shares, the stock has rallied by more than 116% over the past 12 months. Consequently, Craig Erlam, a senior market economist at OANDA, believes the recent pullback is an opportunity. The economist expects the stock to trade 20% higher over the next six months. Stock Rating Early this month, Wedbush analyst Daniel Ives reiterated Buy rating on Tesla with a price target of $1,100, implying 3.2% upside potential to current levels. According to the analyst, there is strong demand for EVs heading into 2022, which works to Tesla’s advantage. Consensus among analysts is a Hold based on 10 Buys, six Holds, and six Sells. The average Tesla price target of $873.10 implies 19.3% downside potential to current levels. Related News: Sea Posts Mixed Q3 Results; Shares Drop Accenture Buys London-Based Founders Intelligence Voyager Digital Q1 Loss Widens; Shares Drop

General Motors Co's "Factory Zero" in Detroit is on the front line of a battle for the U.S. electric vehicle market between ageing, unionized factories, and new, non-union plants run by young electric vehicle companies.

The race for electric vehicle (EV) stardom is intensifying. New players are hitting the scene with impressive technology that rivals that of legacy automakers and even the undisputed EV kingpin, Tesla (NASDAQ: TSLA).

Car rental firm Hertz Global Holdings Inc is planning to raise $1.5 billion through a senior notes offering in its first capital raise since emerging from bankruptcy protection in June.

Wall Street was headed for a flat open on Wednesday as investors fretted over early rate hikes by the Federal Reserve after strong retail earnings and data showed an economic recovery was on track.

U.S. stock index futures were flat on Wednesday as investors fretted over early rate hikes by the Federal Reserve after strong retail earnings and data showed an economic recovery was on track.

Uber has set out to be carbon neutral by 2040, but the ride hailing company has picked a route in parts of Latin America that is fraught with challenges.

General Motors Co's "Factory Zero" in Detroit is on the front line of a battle for the U.S. electric vehicle market between ageing, unionized factories, and new, non-union plants run by young electric vehicle companies.

German luxury carmaker Piech Automotive's first market-ready electric vehicle model will use a software designed by Germany's Incari which enables it to update its digital dashboard system much quicker than its rivals, both companies said on Wednesday.

The global markets will need four times the nickel and double the copper in the next 30 years to facilitate a decarbonised world, a BHP Group executive said on Wednesday.

Volkswagen plans to double staff numbers at its charging and energy division, roll out new payment technology next year and strike more alliances to take on Tesla in a key electric vehicle (EV) battleground: power infrastructure.

Australia's University of Queensland (UQ) on Wednesday said it would recruit Tesla Inc car owners around the world to analyse if the vehicle's spare battery capacity could support the energy grid and even power homes in the future.

Tesla's stock rebounded from its recent selloff on Tuesday in a rally of electric vehicle makers a day after Chief Executive Elon Musk disclosed he sold another $930 million worth of his company's shares.