Tesla shares jumped 12.58% on Monday amid a broad-based rebound in the technology sector, and as Goldman Sachs said that demand is picking up in China. “Tesla global weekly app downloads have recently been tracking up on a year-over-year basis, with
Tesla shares tumbled Tuesday, after Elon Musk’s electric vehicle maker was left out of the S&P 500 by the committee that decides on new additions to the index. Tesla shares closed down 21.06%, making it the worst one-day loss on record. Tuesday’s drop brought the
Amid Tesla’s incredible rise that has seen shares soar to new highs, the electric auto maker said Tuesday it will sell up to $5 billion in new stock. The additional shares will be sold “from time to time” and “at-the-market” prices, Tesla
Tesla announced a five-for-one stock split on Tuesday evening. The split goes into effect on August 31. Tesla shares rose more than 6% in post-market trading even though the stock split changes nothing fundamental about the stock. Theoretically, the move could mean more smaller investors
Tesla has reportedly experienced a spike in coronavirus exposure among employees at its Fremont Factory in California. More than 130 Tesla workers, plus a dozen contractors and temporary employees, have tested positive for COVID-19, industry news website Electrek reported, citing leaked internal data from the Palo
Tesla cut the price of its newest offering, the Model Y, by $3,000, just four months after starting deliveries to customers. On Sunday, CEO Elon Musk also said the company was cancelling plans to produce a less-expensive standard-range version of
Tesla shares soared in premarket trading Thursday after the automaker said it delivered about 90,650 vehicles in the second quarter, handily beating Wall Street expectations as the electric car maker’s sales withstood the economic downturn better than most competitors. Analysts expected
Tesla became the world’s most valuable automaker on Wednesday, when the electric vehicle company’s market capitalization surpassed Toyota’s for the first time. Shares of Tesla gained 5% to hit a new all-time high of $1,135, giving the company a valuation of
Tech leaders have criticized President Donald Trump’s latest immigration crackdown on the visa programs that their companies rely on to employ thousands of staff. Trump signed an executive order on Monday that suspends foreign work visas including the L-1 visa
DETROIT (Reuters) – Electric vehicle maker Tesla Inc (TSLA.O) wants to start building a large vehicle assembly plant in the southwestern United States as early as the third quarter of this year, the company told Texas officials in documents made