Tag: Tesla Inc.
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U.S. stocks mostly lower, though Dow heads for longest winning streak in nearly 6 years
[ad_1] U.S. stock were mostly lower Thursday, though the Dow Jones Industrial Average was on track to rise for a ninth straight session in what would be its longest winning streak in nearly six years. How are stocks trading The S&P 500 SPX was off by 12 points, or 0.3%, at 4,553. The Dow Jones…
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Elon Musk says Tesla will spend ‘well over’ $1 billion on Dojo supercomputer
[ad_1] Tesla Inc. will spend “well over” $1 billion by the end of 2024 on building an in-house supercomputer known as Project Dojo. In Tesla’s earnings call with analysts late Wednesday, Chief Executive Elon Musk said Dojo would be used to process data and video to improve the EV maker’s autonomous driving capabilities, with the…
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Opinion: As investors worry about lower Tesla margins, Musk says Full Self-Driving is key to future profits
[ad_1] Telsa Inc. reported its lowest gross margins in over three years Wednesday, as the company has lowered prices on its electric vehicles and spent on ramping up another new factory, but Chief Executive Elon Musk told investors to focus on the bigger picture. Tesla reported second-quarter earnings that beat Wall Street’s estimates on an…
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Why investors should not expect positive economic data to push S&P 500 materially higher as good news already priced into stocks
[ad_1] The U.S. stock market has been rallying on hopes of a “Goldilocks” economic environment, where inflation falls and glides back down to the Federal Reserve’s 2% target, while relatively stable economic growth helps stocks and bonds log strong rallies. That would be a continuation of a trend that started in early June, whereby economic…
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After years of delays, Tesla builds its first Cybertruck
[ad_1] After years of delays, Tesla Inc.’s first Cybertruck rolled off the assembly line Saturday in Austin, Texas. “First Cybertruck built at Giga Texas!” the electric-vehicle maker tweeted Saturday. “Congrats Tesla Team!,” Chief Executive Elon Musk replied on Twitter. A prototype of the angular, futuristic-looking pickup was unveiled by Musk in 2019, but production was…
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Tesla is looking at its best sales quarter ever
[ad_1] Tesla Inc. is slated to report second-quarter earnings after the bell next Wednesday, with all eyes on the EV maker’s sales and the expectation it could be another blowout quarter for the company. Tesla TSLA, +0.07% reported second-quarter deliveries of 466,000 vehicles earlier this month, well above Wall Street expectations. Argus Research analyst Bill…