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Wall Street steady at the close ahead of Big Tech earnings
The Dow closed 0.19% up at 33,302 points and the S&P 500 also finished the day in the green, up 0.21% to 4,184 points. The Nasdaq closed just in the red, down 0.01% at 12,489
Company
Tesla Inc
NASDAQ:TSLA
Tesla Inc designs, develops, manufactures, sells and leases high-performance fully electric vehicles and energy generation and storage systems, and offer services related to its products. The company's segments include automotive, and energy generation and storage.
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Tesla shares tumble as investors fear Elon Musk will sell stock to fund Twitter deal
A 12.2% reduction in Tesla shares, seen yesterday, would equate to a roughly US$21bn reduction in the value of Musk’s stock
Carmakers develop 'battery passport' to track carbon footprint
A group of 11 companies has received €8.2mln to develop a set of standards for collecting and disclosing data, which will soon be required under EU regulations
Musk calls on entrepreneurs to mine lithium as Tesla looks to mass produce robotaxis
Musk called on young entrepreneurs to get into lithium mining, with the metal a key component in electric vehicle batteries
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US stocks weighed down by technology earnings to close in a sea of red
“With the earnings season in full swing and in full focus, investors are reacting to the differing fortunes of companies battling inflationary pressures and a changing interest rate environment," commented Richard Hunter, head of markets at
US judge rejects "gag order" for Elon Musk over 2018 tweet
US District Judge Edward Chen said Musk should be allowed to talk about the case
Tesla ups production target as earnings rocket 250%
Supply chain issues are expected to continue through the rest of 2022
Cathie Wood’s flagship ARK fund slips more than 60% from 2021 peak
The value of the shares the fund holds is down 70% on average from their 5-year highs
Bradda Head Lithium says drilling starts at Eureka project in Nevada
Previous surface sampling identified lithium grades of up to 550 parts per million (ppm) at the project
Tesla's China production problems to be front and centre in Q1 earnings report
In London, miners Rio Tinto and Antofagasta may grab the early headlines
ISA investors top early with Tesla and Lloyds Banking and also Petropavlovsk
31% of Interactive Investor’s ISA millionaires, on average, maxed out the full £20,000 annual allowance between 6 April and the end of the month, with those early-bird investors being approximately £37,632 better-off over 22 years compared
Tesla's Elon Musk sued by investor for 'hiding' stake in Twitter
According to the lawsuit, Musk was required to file a Schedule 13 with the Securities and Exchange Commission when his stake totalled 5%
Tesla, Nio and other EV makers hit by China lockdowns
With lockdowns imposed in several places, including Jilin province and Shanghai where automakers and their suppliers have factories, logistics and retail sales have been disrupted
Tesla's Musk promises Cybertruck and Optimus robot next year
Electric vehicle maker Tesla CEO Elon Musk unveiled plans for a new electric car model at the opening of its newest and largest EV factory in Texas, livestreamed via the internet
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Musk, Barra and other motor bosses attend White House EV policy meeting
The Biden administration said there was "broad consensus" on interoperability of charging stations and electric vehicles
Tesla deliveries still miles ahead of rivals despite hiccups
Nearly all automakers have been plagued by a global shortage of computer chips, although Tesla has seemed to cope better than its competitors
Elon Musk, Jeff Bezos and other billionaires face new tax in Biden's 2023 budget
Tesla CEO Elon Musk would pay an additional US$50bn in taxes, it is estimated, while Amazon founder Jeff Bezos would pay around US$35bn more
Tesla plans another stock split
Directors have approved a management proposal, which will be put before shareholders at the upcoming 2022 annual meeting
Tesla deliveries off to a strong start in 2022, Wedbush analysts say
With the opening of the company's Berlin and Austin flagship factories, Tesla “could now be on a 2 million unit run-rate exiting 2022”, according to the analysts
Elon Musk tweets should continue to be monitored, US SEC says
The dispute came from the US regulator’s allegation that the world's richest man misled investors to believe the company could be taken private as “funding [was] secured” but in reality, a buyout was not close
Suzuki and SkyDrive to work together on developing flying cars
The two companies intend to initially target the Indian market
Tesla's Musk cuts ribbon on Giga Berlin to shift Europe sales to higher gear - broker
Broker Wedbush expects the supply chain will lessen this year and allow the carmaker to produce 1.5mln-plus electric vehicles
Tesla sued after fatal Paris taxi crash
One pedestrian was killed and dozens of others were injured when the driver struck pedestrians in December 2021
Tesla battles to reopen Shanghai factory amid China's growing COVID lockdowns
COVID-19 plays spoilsport in both cases, aided by the ongoing semiconductor shortage
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EV battery costs are soaring with metal prices, according to Liberum
Tesla is already be feeling the impact according to boss Elon Musk
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Elon Musk sees significant inflation risks for Tesla and SpaceX from Russia-Ukraine conflict
A significant 44% of global palladium supply is controlled by Russia and Ukraine produces 70% of the world's neon supply, both key for making computer chips
Tesla shares given boost after Germany production approval
Broker Wedbush maintains Outperform rating on Tesla stock as run-rate target on 2mln a year comes back into view
Musk’s Tesla set to be given green light on German commercial production
The factories will make more than half a million cars per year, produce batteries for the cars, and create a minimum of 12,000 jobs
SEC investigating Elon Musk and his brother over Tesla share sales – report
Kimbal Musk sold more than $US1000mln worth of Tesla shares a day before Musk published volatility-inducing Twitter poll
Tesla and Elon Musk step up war of words with US regulator
The company and its CEO accused the SEC of trying to 'chill' free speech over Tweet subpoenas
Crypto-asset markets may ‘represent a threat to global financial stability’ – report
The Financial Stability Board outlined the potential problems with unbacked crypto, stablecoins (cryptos pegged to real asset values), crypto trading platforms, and decentralised finance
Tesla sued over 'suspension issues' after fatal November crash
Suit claims suspension was "defective and unreasonably dangerous" in build-up to crash that killed two people
Talon Metals reduces existing net smelter royalty on world-class Tamarack asset to 1.85% for US$4.5M in cash
Sean Werger, Talon's president, said the move was "another important step" towards taking Talon to the next level, following the company's recent supply agreement with electric vehicle (EV) titan Tesla, remarkable drill results and successf
Tesla probed by South Korean regulators over exaggerated battery range claims
The Korea Fair Trade Commission claims the EV maker has overstated the capability of its battery on some cars, including the Model 3
Tesla shares fall as California confirms lawsuit alleging racial discrimination
The state's civil rights agency said Tesla’s brand highlights “a socially conscious future [that] masks the reality of a company that profits from an army of production workers, many of whom are people of color, working under egregious cond
Tesla Inc recalls a further 600,000 vehicles after "Boombox" issue
Electric vehicle maker has now recalled around 1.5mln vehicles in the space of a fortnight
Tesla holding nearly US$2bn worth of Bitcoin
The company is yet to allow customers to use the token as a valid form of payment
Lloyds Banking, dividend ETFs, Tesla and Apple among January’s most popular retail stocks
The iShares UK Dividend ETF, which saw significant growth in buy orders, making it the most popular ETF behind trackers following the S&P 500 and the FTSE100, was the second most popular UK stock
Elon Musk, Bill Gates and Drake the target of tracking bots
The teenager had demanded US$50,000 from Musk to delete the account
Tesla surges on Credit Suisse upgrade as EV maker ‘ticks all the boxes’
Technology stocks, considered growth stocks, have taken a battering this year as safer investments including value stocks were favoured to help offset surging inflation
Tesla shares slump as Musk puts the brakes on new product launches
“If we were to introduce new vehicles, our total vehicle output would decrease," Musk told analysts
ASX makes a strong start after Wall St falls further dragged down by Tesla and Intel
“The fundamental focus of Tesla this year is a scaling output. If we were to introduce new vehicles, our total vehicle output would decrease. This is a very important point that I think people do not logically understand." - Elon Musk
Elon Musk reignites hopes that Tesla could build a UK Gigafactory
The auto chief has publicly considered a site in the UK before, but played down the possibility due to "Brexit uncertainty" at the time
Tesla expects to ramp up deliveries in 2022 despite continuing supply chain obstacles
“We will not be introducing new vehicle models this year,” said boss Elon Musk
Five at Five: FTSE 100 storms back, Beer price shock, Tesla tipped to zoom past forecasts, Spread higher energy costs says boss and Zephyr rising
Here’s Proactive’s round-up of the top financial stories of the day, with helpful links taking you directly to the news
Tesla forecasts the key in earnings update
Analysts expect consensus forecast to be beaten, but 2022 guidance will set the tone
Legal changes recommended for self-driving cars in UK
Under proposals, the person in the driving seat will be defined as 'user-in-charge' and will not be responsible for how an automated car drives
Tesla forecasts look very beatable says broker
“We believe by the end of 2022 Tesla will have the capacity for overall 2 million units annually from roughly 1 million today,” I
Baillie Gifford US Growth Trust outlines its approach to finding the next Tesla
Sadly, it is not a case of just picking a sector or a theme. The trust says it is a "bottom-up stock-picker" and the only "theme" seems to be companies capable of disrupting the status quo
Tesla accuses JPMorgan of ‘bad faith' as court battle escalates
The US bank launched legal action against Tesla in November after Musk tweeted he was thinking of taking the carmaker private
Tesla boss Elon Musk should return US$13bn of shares, lawyers say
"This case has always been about whether the acquisition of SolarCity was a rescue from financial distress, a bailout orchestrated by Elon Musk," one lawyer told the court
Tesla runs into further delays with launch of Cybertruck
The Cybertruck, which depending on who you ask is either futuristic-looking or looks like its chassis has been designed by a 10-year-old, has been subject to numerous delays already
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Tesla reveals record production at Shanghai factory
The company made 473,078 vehicles in China last year, which suggests that around half of its annual production is now coming from Shanghai
Tesla is so far ahead of EV competition says Morgan Stanley
The bank's new price target values the carmaker at around US$1.3 trillion
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Tesla breaks into top 10 UK best selling car models as EV sales accelerate in 2021
The Society of Motor Manufacturers and Traders warned that the lack of growth in on-street vehicle charging continues to be a problem
Tesla, Boohoo and Scottish Mortgage among most popular private investors investments
Investors were looking in the bargain bin for a lot of their share and fund purchases in December and for most of last year
Tesla reports 87% surge in annual vehicle deliveries in 2021
The electric-vehicle maker said it delivered more than 936,000 vehicles globally in 2021, up from nearly half a million the previous year
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US stocks close higher as investors bet economy will overcome COVID-19 surge
Apple shares gained to become the first company ever with a $3 trillion market valuation and Tesla shares jumped 13.5% in a single day
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US stocks end mixed amid inflation, Omicron concerns
At the close, the Dow gained 90 points to 36,489, while the S&P 500 added 7 points at 4,793 and the tech-heavy Nasdaq slipped 16 points to 15,766
Wedbush Securities outlines its bull thesis for Tesla shares in 2022 based on Berlin/Austin and China linchpins
"Musk & Co. have navigated the chip supply shortages better than any automaker globally over the last six months, which is why Tesla is in a clear position of strength heading into 2022 with an inflection point year ahead"
Tesla to stop drivers playing video games while cars are in motion
The move comes after the US road safety agency launched a probe into 580,000 Tesla vehicles over concerns that video games could be played while the cars were being driven
Tesla boss Elon Musk sells “enough stock” to reach 10% goal
The world's richest person disposed of another 583,611 Tesla shares worth US$548mln on Tuesday
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Broker remains bullish on Tesla rival Rivian despite production falling short
The broker believes the issue is one of supply, and not demand
Musk’s Tesla to accept dogecoin for merchandise payment
Dogecoin, the world’s best-known ‘meme-coin’ and the ninth most popular cryptocurrency globally by market value, jumped some 29.3% to US$0.214 following the news
Elon Musk sells further Tesla shares worth US$906.5mln
Time magazine announced that it has named Musk 2021 Person of the Year
Tesla CEO Elon Musk tweets he is 'thinking of quitting’ his jobs
In addition to running Tesla, Musk is the founder and CEO of rocket company SpaceX and also leads brain-chip startup Neuralink and tunnel-drilling firm The Boring Company
US SEC investigating Tesla over potential solar panel defects - report
Steven Henkes, a former Tesla field quality manager, filed a whistleblower complaint about the solar panels in 2019
Elon Musk sells US$1bn worth of Tesla shares after exercising further options
The world's richest person has so far exercised options to buy 10.7 million Tesla shares and sold 10.1 million shares for US$10.9bn
Hardware & electrical equipment
Elon Musk mocks Apple cloth with launch of US$50 Cyberwhistle from Tesla
"Don't waste your money on that silly Apple Cloth, buy our whistle instead!" Musk tweeted
Tesla and its electric vehicle competitors: everything you need to know
Towards the end of last month, Tesla’s market capitalisation surpassed the combined market value of its five largest competitors – all of which sell many more cars in total and all of which are producing electric vehicles
Tesla’s Musk sells more shares worth over US$1bn
Musk began selling Tesla shares after asking his 63.2 million Twitter followers in early November whether he should shed 10% of his holding
Musk continues to sell Tesla stock
The entrepreneur is closing in on the 10% of shares he said he would sell via a Twitter poll
Tesla shares shrug off lawsuit from JP Morgan and Co
Tesla shares briefly dipped below US$1,000 in pre-market trading but rallied to US$1,045.70.
JPMorgan sues Tesla Inc for breaching contract
The complaint relates to warrants issued by the bank back in 2014
Elon Musk sells more Tesla shares as he exercises options again
He has sold nearly US$8bn worth of shares in the past week
Musk’s Twitter fight with Sanders over tax sends Tesla shares down, Biden launches infrastructure bill and ASX will start lower
“So my message to the American people is this: America’s moving again, and your life is going to change for the better.”
Elon Musk is likely feeling flush, have you wondered how many Doge he might buy with his Tesla cashpot?
After selling US$5bn of Tesla shares Musk where might the increasingly liquid billionaire put it?
Tesla shares still under pressure until Musk sells rest of 10% promised, says this broker
“Now all focus will be on the filing front to see if Musk ultimately goes through with these stock sales," said analyst Daniel Ives
Elon Musk sells US$5bn in Tesla shares following Twitter poll
Musk took to Twitter on November 7 to ask his 63.2 million followers whether he should shed 10% of his holding in the electric vehicle giant
Elon Musk’s brother sells US$110mln in Tesla stock prior to Twitter poll
Kimbal Musk still holds over 511,000 Tesla shares, worth around US$600mln based on Monday’s closing price
Elon Musk set to sell large Tesla stake after Twitter poll
With an expected tax bill north of US$10bn, one broker said a sale of shares over the coming months was "not a surprise" though a 10% stake would be large
Uber drivers in London get incentive to switch to a Tesla electric vehicle
Funds to pay for incentives have been built up by charging customers 3p per mile they ride
Elon Musk criticises Democratic tax plan that could chip away his almost US$300bn fortune
The “Billionaires Income Tax” would apply to taxpayers with over US$1bn in assets or more than US$100mln in income for three consecutive years
Tesla lays groundwork for US robotaxi network with Hertz deal says broker
Robotaxis are a likely reality for Tesla in the next 2-3 years.
US stocks close higher on continuing earnings strength
Nearly 30% of S&P 500 companies have reported earnings, with more than 80% beating Street expectations
Tesla becomes $1trn company as Model 3 becomes Europe’s best seller
The model has outsold many established brands’ models powered by internal combustion engine
Tesla rolls back updates on ‘full self-driving’
Elon Musk tweeted that issues like this are to be expected with beta versions
Tesla supplier unveils more powerful batteries for production in 2022
The new battery prototype, which was developed for Tesla's needs, is five times as powerful as current cells
Tesla's change of battery chemisty has wider implications and may not be easy, says UBS
LFP battery cell prices are around a 26% discount to the NCM that is common across the industry
Tesla revenues and profits still go up a gear despite supply chain headwinds
“It’s important to note while we have roughly doubled deliveries year to date, this has been exceptionally difficult to achieve,” said finance chief Zachary Kirkhorn
Tesla quadruples profits, BlueScope lifts earnings and Victoria is set to come out of lockdown
“Tesla’s performance in China rebounded after a problematic H1 2021 with delayed deliveries and domestic competition. In August, Tesla delivered a record number of 44,264 vehicles, cementing the region as its main export hub. China is a cru
Tesla results will put China and supply chain in focus
Also on the agenda are UK inflation, plus updates from copper miner Antofagasta and warehouse developer Segro
Tesla target price raised by Barclays but valuation hard to justify
The new target price is US$300 (from US$230), compared to a current market price of US$811,
Elon Musk's SpaceX blasts through US$100bn mark on secondary sale
SpaceX now qualifies as a ‘centicorn’, a business worth 100 times the value of a unicorn,
Tesla heads for newly emerging Texas tech hub of Austin in another blow to Bay Area
"There's a limit to how big you can scale it in the Bay Area. In Austin our factory is like five minutes from the airport, 15 minutes from downtown," said the controversial tech billionaire
Global skills shortage in EV battery industry could slow race to clean up transport
Key suppliers to major car companies are struggling to find research and engineering specialists amid soaring demand for EV batteries
Tesla to pay US$130mln damages to Black former worker after racism lawsuit
It emerged that people used racial slurs and drew racist graffiti in the bathrooms at the Tesla Fremont factory
Tesla shares rev up after delivery numbers smash expectations
Sales of the Tesla Model 3 and Model Y sales came in much higher than predicted, offsetting a slight shortfall with the Model S and Model X
YouTuber Dan Markham swaps Tesla electric sports car for NFT
In the latest bout of apparent madness Dan Markham, the creator of the What’s Inside channel, traded his Roadster for a single token
Electric vehicles reach double-digit market share in Europe
Battery EV sales across Europe's top five markets rose 67% in August to a market share of 11%, reaching double digits for the first time