Tag Archives: Tesla

The war of words between Binance founder and CEO Changpeng Zhao and Tesla CEO Elon Musk is heating up. Musk tweeted at Zhao on Tuesday after the cryptocurrency exchange limited withdrawals of dogecoin. “Well, I don’t intend to be sassy on Twitter… In his tweet he said I am shady,” said Zhao, known as CZ in crypto circles, on Yahoo Finance Live, when asked about the recent Twitter exchange.  “I am not aggressive by nature, but not submissive or cowardly when it comes to defending our… Source link

Tesla (TSLA) shares’ recent correction is a buying opportunity for investors bullish on the electric vehicle (EV) company, says investment adviser Ross Gerber. “If I’m an investor, I’m pretty happy I get this opportunity with Tesla again,” Ross Gerber, CEO of Gerber Kawasaki Wealth & Investment Management, told Yahoo Finance The electric vehicle giant’s stock is down about 15% from its all time high reached a couple of weeks ago as CEO Elon Musk has been selling some of his Tesla shares. The… Source link

(Bloomberg) — Michael Burry may have ditched some of his biggest shorts — at least for now. Most Read from Bloomberg Scion Asset Management, which Burry founded and runs as chief executive officer, had cut back to only a handful of positions as of the end of September, according to a regulatory filing made on Monday. Among trades that the firm closed in the third quarter were bets against Cathie Wood’s flagship ARK Innovation ETF, Elon Musk’s Tesla Inc. and the biggest Treasuries… Source link

By Ambar Warrick and Devik Jain (Reuters) – U.S. stock index futures rose on Monday as major technology stocks advanced, while investors awaited a slew of retail earnings and economic data this week to gauge the health of consumer spending. The three major Wall Street indexes had fallen between 0.3% and 0.7% last week on concerns over high inflation and weakening consumer sentiment. Investors had begun pivoting into economically resilient sectors, mainly technology, towards the end of the… Source link

(Bloomberg) — Elon Musk, the world’s wealthiest person, directed a series of insults at Bernie Sanders on Twitter after the U.S. senator repeated his call for billionaires to pay more in taxes. Most Read from Bloomberg Musk even raised the notion of selling more of his Tesla Inc. shares, which would require him to pay capital gains taxes. The 80-year-old Sanders, who unsuccessfully sought the Democratic Party presidential nomination in 2016 and 2020, on Saturday tweeted that “we must… Source link

Reuters IBM, Amazon partner to extend reach of data tools for oil companies International Business Machines Corp and Amazon.com Inc’s Amazon Web Services said on Monday they would work together to extend the reach of a set of tools that oil companies use to manage disparate types of data. Amazon in 2018 worked with Royal Dutch Shell to create a technology to turn data from more than a century of oil production, largely from paper records, into a standardized format for multinational oil… Source link

Stocks on Monday extended a record-setting streak of gains on Wall Street, opening at new highs as traders looked ahead to a slew of new inflation data and earnings results in the coming days. At the opening bell, the Dow, S&P 500 Index and Nasdaq all notched fresh highs, carried by last week’s momentum when all three major indexes jumped to their best levels ever. Optimism over a batch of strong corporate profit reports, a better-than-anticipated October jobs report and a Federal Reserve… Source link

Elon Musk owns 23% stake in Tesla. Photo: Patrick Pleul/AFP via Getty Images Tesla (TSLA) boss Elon Musk is set to sell 10% of his stock in the company, worth $21bn (£15.6bn) following a Twitter poll he ran at the weekend. “Much is made lately of unrealized gains being a means of tax avoidance, so I propose selling 10% of my Tesla stock,” he tweeted. “Do you support this?” 3.5 million twitter accounts voted 57.9% in favour of the move. Musk, who is the world’s richest man, launched the poll in… Source link

(Bloomberg) — Elon Musk’s social media followers have spoken: The Tesla Inc. chief should sell 10% of his stake in the electric-car maker. Most Read from Bloomberg A majority of 3.5 million Twitter users — 58% — said they’d support such a sale in a Twitter poll that Musk launched Saturday and closed shortly after 2:15 p.m. Sunday in New York. The stake would be valued at about $21 billion based on 170.5 million Tesla shares he holds. “I was prepared to accept either outcome,” Musk… Source link

Stocks hovered near the unchanged market on Tuesday after a record-setting session, with investors keeping their powder dry ahead of a closely-watched policy decision by the Federal Reserve. On Tuesday, blue chip shares rose modestly, but tech stocks dipped, weighed by a drop in Tesla (TSLA) after CEO Elon Musk downplayed the expected impact of a deal with car rental giant Hertz.  Each of the S&P 500, Dow and Nasdaq rallied to fresh highs on Monday as more corporate earnings results exceeded… Source link