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Tesla’s supercharged stock rally may have finally run out of juice. Shares of the electric automaker — which have increased fivefold since the beginning of the year — were down more than 15 percent Tuesday morning as investors reacted to the company not being added to the S&P 500 on Friday. Tesla had been widely …
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Shares of Tesla dropped nearly 7 percent in extended trade Friday after the electric-car maker was excluded from a list of companies being added to the S&P 500. The decision by S&P Dow Jones Indices is a blow to Tesla investors who widely expected the company to join the benchmark stock index after a blockbuster …
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The mystery player behind the unprecedented summer-long rally in tech stocks appears to be the colorful billionaire CEO of Japanese conglomerate Softbank. Masayoshi Son, known for making big plays in tech giants like Alibaba and Uber, has spent billions of dollars buying options on individual tech stocks starting in the spring, according to multiple reports …
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Mark Zuckerberg’s reign as the third-richest man on Earth didn’t last long. The Facebook CEO lost his grip on the No. 3 spot this week after Tesla boss Elon Musk’s wealth soared to new heights, capping a rally that has seen him add a staggering $87.8 billion to his fortune this year. Musk — worth …
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Tesla on Tuesday revealed plans to take advantage of its meteoric stock rise by raising up to $5 billion through a program to sell more shares of the popular electric vehicle company. Wall Street’s main brokerages, including Goldman Sachs, Bank of America and Morgan Stanley, will serve as sales agents for the stock selling program, …
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The high-flying shares of Apple and Tesla rose further on Monday, as investors jumped at the opportunity to own shares at more affordable prices after the companies split their stock. Apple’s previous stock split was 7-for-1 in 2014 and its fifth since going public in 1980. Splitting stocks is a way for companies to make …
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Make room, Jeff, Bill and Mark: the 12-digit club has a new member. Elon Musk’s fortune crossed the $100 billion mark on Friday as Tesla’s shares continued a dizzying rally that has seen the company’s market cap more than quadruple this year. The South Africa-born chief executive has now followed Amazon’s Jeff Bezos, Microsoft founder …
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Tesla CEO Elon Musk said his company’s Nevada factory was the target of a foiled cyberattack allegedly plotted by a Russian national. Musk confirmed a news report identifying Tesla as the company targeted by Egor Igorevich Kriuchkov, who tried to pay an employee $1 million to install malware on the electric-car maker’s computer network, according …
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Tesla shares continued their meteoric rise on Thursday, scoring yet another record high and further expanding the distance between the Silicon Valley electric carmaker and its traditional auto industry rivals. Tesla shares rose to $2,290 in mid-day trading before leveling out at $2,240, the highest price since the company went public at $17 a share …
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Elon Musk on Monday tweeted that Tesla will be building batteries that could deliver a major jump in mileage within “probably 3 to 4 years.” “400 Wh/kg *with* high cycle life, produced in volume (not just a lab) is not far,” Musk promised in his tweet. Researchers have said the energy density of the Panasonic …
Tesla’s supercharged stock rally may have finally run out of juice. Shares of the electric automaker — which have increased fivefold since the beginning of the year — were down more than 15 percent Tuesday morning as investors reacted to the company not being added to the S&P 500 on Friday. Tesla had been widely …
