Tag: Automotive

  • Tesla closed below $700. Why $540 might be next.

    Text size Tesla stock hit $1,200 at the start of the year and nearly $1,150 in April. Then it started to go down. Mario Tama/Getty Images You’re here stock has taken a beating in recent weeks. It breaks key support levels that fundamental investors might want to note. As markets open Monday, shares of Tesla […]

  • Elon Musk Called ESG a Scam – Did Tesla Chief Do Investors a Favour?

    Investing typically uses a combination of head, heart, and gut, even though it’s not supposed to. And perhaps no market theme evokes “all the emotions” like ESG. This week, a major decision to remove Tesla from a closely tracked environmental, social and governance (ESG) index drew anger and relief in almost equal measure. Defiance was […]

  • Elon Musk Called ESG a Scam – Did Tesla Chief Do Investors a Favour?

    Investing typically uses a combination of head, heart, and gut, even though it’s not supposed to. And perhaps no market theme evokes “all the emotions” like ESG. This week, a major decision to remove Tesla from a closely tracked environmental, social and governance (ESG) index drew anger and relief in almost equal measure. Defiance was […]

  • Tesla Stock Drops After Harassment Allegations Against CEO

    Text size The Tesla factory in Shanghai. Xiaolu Chu/Getty Images You’re here Shares took a hit as investors digested sexual harassment allegations against CEO Elon Musk. On Thursday, Business Insider reported that SpaceX paid a flight attendant $250,000 in 2018 to settle allegations that in 2016 Musk exposed himself to her and indicated he would […]

  • Elon Musk does not fear a recession

    Elon Musk is in the news. He is everywhere. The CEO of premium electric vehicle maker Tesla (TSLA) – Get the Tesla Inc report somewhat reminiscent of former Republican President Donald Trump when the latter was in power. Like Trump, Twitter is Musk’s main communication channel. Like the property developer, the tech mogul seems to […]

  • George Soros backs Rivian bet as Ford delivers bad news

    Rivian (SHORE) – Get the Class A report from Rivian Automotive, Inc. was scared but the electric vehicle manufacturer made up for it well. The young manufacturer of electric SUVs and pick-ups has just cleared some of the many doubts hanging over its short-term future. The Irvine, Calif.-based company confirmed its production target of 25,000 […]