Nasdaq TSLA Tesla

Investors who prod companies to perform better made new and bigger bets on consumer cyclical stocks including retailers, a food service distributor and carmakers during the third quarter amid signs of stronger growth early in the year.

JPMorgan Chase & Co on Monday sued Elon Musk's Tesla Inc for more than $162 million over the electric car maker's alleged failure to make a contractually required payment related to warrant transactions.

The stock market had a quiet day on Monday, as investors seemed content to consolidate some of the gains they've enjoyed over the past month or so. Early gains evaporated today, but the market was able to avoid losses as well. The Dow Jones Industrial Average (DJINDICES: ^DJI), t

Rivan (NASDAQ: RIVN) stock has dominated news headlines recently with its splashy IPO. But there are some good reasons for investors to resist jumping into a newly public company's shares.

Wall Street indexes closed out Monday's session near the unchanged mark as rising Treasury yields dented the appetite for technology stocks, while Boeing shares advanced on signs of demand for its freighter aircraft.

The broader market didn't have much giddy-up to start the week, with stocks mostly flat in the absence of any market-moving news.

Michael Burry Is Once Again In The Spotlight In The Stock Market TodayThe infamous bearish “Big Short” Investor Michael Burry looks to have closed a handful of his biggest short positions, including Tesla (NASDAQ: TSLA) at least for now. According to a regulatory fili

Wall Street indexes closed out Monday's session near the unchanged mark as rising Treasury yields dented the appetite for technology stocks, while Boeing shares advanced on signs of demand for its freighter aircraft.

Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in Boeing Co. (Symbol: BA), where a total of 531,925 contracts have traded so far, representing approximately 53.2 million underlying shares. That amounts to about 635% of

Investors have bid the stock market to all-time highs, and even amid some concerns from market participants about the sustainability of the gains they've seen, Monday's numbers remained narrowly mixed. The Dow Jones Industrial Average (DJINDICES: ^DJI) managed to post a gain of 2

Wall Street indexes were showing mixed performance on Monday as technology stocks reversed course on concerns over rising Treasury yields, although possible plane orders stemming from the Dubai Airshow pushed up Boeing and the Dow Jones benchmark.

Growth investors are always looking for multibagger stocks. After all, who doesn't like the idea of buying a stock and seeing the investment multiply in some years? But before investing in any stock, it is important to understand the associated risks. The key is not to avoid ris

What happened Shares of Tesla (NASDAQ: TSLA) continued sliding lower on Monday. This extends the growth stock's more than 15% pullback last week. Shares of the electric vehicle (EV) maker fell as much as 5.3% on Monday before recovering a bit to a 4.6% loss as of 12:20 p.m. EST.

A U.S. judge on Monday refused to dismiss a federal indictment charging Nikola Corp's billionaire founder Trevor Milton with defrauding investors about the electric- and hydrogen-powered truck maker's technology.

In trading on Monday, the iShares U.S. Aerospace & Defense ETF is outperforming other ETFs, up about 1.1% on the day. Components of that ETF showing particular strength include shares of Spirit Aerosystems Holdings, up about 5.6% and shares of Boeing, up about 5.1% on the

Wall Street indexes were pulled off session highs on Monday as technology stocks came under pressure from rising Treasury yields, although losses in the Dow Jones were mitigated by Boeing, which surged on a potential Saudi Arabian order.

Over the past year, many special purpose acquisition companies (SPACs) agreed to merge with electric vehicle (EV) companies. However, many of those EV companies are tiny, haven't generated any revenue yet, and rely heavily on extremely bullish market forecasts to attract investor

What happened For cryptocurrency investors looking at meme tokens, Shiba Inu (CRYPTO: SHIB) remains the hottest token in town. It's once again on the run, having jumped 10% in earlier trading today before settling down.

U.S. stock indexes were buoyed by technology stocks on Monday as concerns over rising inflation saw investors shift to economically resilient sectors ahead of major retail earnings and data this week.

Shares of Tesla Inc. (TSLA) were down 2% during pre-market trading on November 15 after the company's CEO, and major shareholder Elon Musk sold additional TSLA shares.

Following Musk’s infamous Twitter (TWTR) poll, which yielded a 57.9% positive response in favor of the CEO selling his TSLA stock to fund taxes, Tesla lost 12.5% value in the stock market last week.

Boasting a market cap of over $1 trillion, Tesla has gained nearly 41.6% year-to-date and over 153% over the past year.

What Happened

Last Week, Elon Musk sold a combined $6.9 billion worth of shares and stock options.

On Friday, a Securities and Exchange Commission (SEC) filing confirmed that Musk had offloaded an additional $687 million in Tesla stock. According to the filing, Musk sold 587,638 and 52,099 shares held by his trust in a series of transactions.

In the first round, Musk’s trust sold about 3.6 million shares worth around $4 billion. Even before the Poll results were out, Musk had sold 934,091 shares on November 8, as per an S-4 filing with the SEC.

Moreover, another filing stated that Musk exercised options on 2.1 million shares at $6.24 per share. Before the sale, Musk owned 23% of Tesla, including stock options.

Triggers

The sale follows Musk’s comments that he would have to exercise several stock options in the next three months, creating a tax bill of approximately $15 billion in August 2022. Musk concluded that selling his stake is the only way to fund tax payments, as he does not take any salary or bonus from any of his companies.

Musk initiated a Twitter poll in response to a proposal by Democratic lawmakers to tax the billionaire’s unrealized stock gains to finance President Joe Biden’s social spending bill. In his poll, Musk had asked his followers if he should sell about 10% of his shares (roughly 17 million shares) to pay taxes.

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Target Price

The Wall Street community has a Hold consensus rating on Tesla stock with 10 Buys, 6 Holds, and 7 Sells. At the time of writing, the average Tesla price target was $850.24, which implies 17.7% downside potential to current levels.

Website Traffic

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

In October, Tesla website traffic recorded a 13.17% year-over-year decline in monthly visits. However, year-to-date website traffic growth increased 1.72% compared to the same period last year.

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