Tag Archives: Tesla

Elon Musk said Google had a “standing interest in buying Tesla” in testimony in the securities fraud trial. The Tesla CEO said this helped encourage him to try to secure funds to take the EV maker private. According to a 2015 book, Musk and former Google CEO Larry Page had an $11 billion deal in place for Tesla.   … Source link

Bet the farm on battered Tesla (TSLA) stock ahead of the company’s hotly anticipated earnings report on Wednesday, contends Canaccord Genuity analyst George Gianarikas. “Buy [Tesla stock] — it’s pretty simple,” Gianarikas said on Yahoo Finance Live (video above). “The stock had a pretty bad 2022 in terms of performance. That was based on multiple things, and some would attribute it to Elon Musk’s rantings on Twitter. We think it had a lot to do with the demand situation impacting Tesla,… Source link

This article first appeared in the Morning Brief. Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Subscribe Monday, January 23, 2023 Today’s newsletter is by Brian Sozzi, an editor-at-large and anchor at Yahoo Finance. Follow Sozzi on Twitter @BrianSozzi and on LinkedIn. Read this and more market news on the go with the Yahoo Finance App. Last week in Davos, Elon Musk didn’t come up in one chat — on or off the record — among any of the 75+ business… Source link

Tesla (TSLA) CEO Elon Musk took the witness stand on Friday to defend his 2018 Twitter posts against a group of Tesla shareholders. The shareholders hope to persuade jurors that the posts — specifically the one where Musk tweeted “funding secured” to take Tesla private — were false and therefore violated securities laws. “The tweets are truthful — just simply short,” Musk said on the stand Friday in response to the shareholders’ lawyer who questioned whether Twitter’s character… Source link

January 20, 2023, 2:35 PM Oops! Something went wrong. Please try again later. Oops! Something went wrong. Please try again later. Oops! Something went wrong. Please try again later. Oops! Something went wrong. Please try again later. Oops! Something went wrong. Please try again later. Oops! Something went wrong. Please try again later. Oops! Something went wrong. Please try again later. Oops! Something went wrong. Please try again later. Oops! Something went wrong. Please try again later. Yahoo Finance Live anchors… Source link

The jury selection process in the trial to determine if one of Elon Musk’s infamous tweets violated U.S. securities laws kicked off on Tuesday. The trial comes after Tesla’s shareholders sued Musk and Tesla’s board of directors in 2018, alleging that Musk illegally posted on Twitter that funding had been secured to privatize the electric vehicle company. Musk’s post, the shareholders say, artificially manipulated Tesla’s stock price. “Am considering taking Tesla private at $420…. Source link

Tesla (TSLA) dropped the bomb on the auto market with huge price cuts last week, and now Wall Street is catching up with post-game analysis, if you will. In a note called “Analyzing the impact of reduced Tesla vehicle prices,” Goldman Sachs analyst Mark Delaney takes a glass-half-empty, half-full approach. Delaney says the price cuts imply concern over reduced demand in the U.S. “While the reduced prices for Models 3 and Y helps the company to better address the roughly 20%-30% of… Source link

So much for that Tesla stock (TSLA) bounce. Shares of the EV maker fell more than 4% in pre-market trading on Friday amid fresh U.S. price cuts for the Model 3 and Model Y. The stock had rallied about 9.5% in the past five sessions as traders speculated a bottom was forming after a 65% decline in 2022. Tesla cut the Model 3 base version by $3,000 to $43,990, according to an update on its website. The Model 3 Performance variant saw a price cut of $9,000 to $53,990. As for the Model Y Long… Source link

Tesla’s beat-up stock (TSLA) price may have one more move left in it to the downside before buyers could finally emerge with a little gusto. At least that’s the message from Tesla’s stock chart. “Tesla is now officially oversold,” said market technician and Fundstrat Managing Director Mark Newton on Yahoo Finance Live (video above). “I’m looking right down under $100 right before Tesla’s earnings happen right towards the end of the month, and that’s when a lot of my own cycles start to show… Source link

Tesla (TSLA) shares are climbing higher today despite a mixed slew of news out of one of its most important markets, China. Reports over the weekend detail a number of protests at Tesla showrooms, as recent Tesla buyers complained about the automaker’s decision to cut prices on Friday. The price cut was the second decrease in the past three months, as Tesla tries to boost demand in the competitive Chinese market. Reuters reports Tesla also cut prices in Australia, Japan, and South… Source link