On Thursday morning, Tesla, Inc. was trending on r/WallStreetBets after the EV company won approval to launch three more of its vehicles in the Indian market. Tesla also released a software update that advises drivers when their tires should be rotated by measuring the remaining tread. The stock has been pressured recently by both a pullback…
Elon Musk, Cathie Wood Continue to Sell Tesla’s Stock, but Can It Pull Off a Reversal?
US Auto Safety Nominee Hopes to Wrap Up Tesla Investigations ‘Soon’
December 16, 2021
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WASHINGTON—The Biden administration’s nominee to serve as the top auto safety regulator said Thursday he hopes the agency can complete its investigations into electric car maker Tesla soon. Steven Cliff, deputy administrator of the National Highway Traffic Safety Administration and nominated for the top job, was asked about the agency’s probes into Tesla and he…
Tesla to Accept Dogecoin as Payment for Merchandise, Says Musk
December 14, 2021
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Tesla Inc. chief Elon Musk said on Tuesday the electric carmaker will accept dogecoin as payment for merchandise on a test basis, sending the meme-based cryptocurrency up 24 percent. “Tesla will make some merch buyable with Doge & see how it goes,” Musk said in a tweet. Dogecoin, popular among retail investors, raced up to…
Musk Sells Tesla Shares Worth $906.5 Million: Filings
December 14, 2021
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Tesla Inc. Chief Executive Officer Elon Musk has sold another 934,091 shares of the electric vehicle maker worth $906.5 million, U.S. securities filings showed on Monday. He also exercised stock options to buy 2.13 million shares of Tesla, according to the filings.
Business Chart of the Day: Bearish Pattern in Tesla’s Stock
A classic “descending triangle” pattern has formed on the chart of Tesla, Inc. It has bearish implications and suggests shares may trade lower. Over the past month, buyers of Tesla stock have been complacent. They’ve held their ground and patiently waited around $1,000. This turned it into a support level. At the same time, the…
Tesla’s Elon Musk ‘Thinking of Quitting’ His Jobs
Elon Musk, the chief executive officer (CEO) of Tesla Inc. says he’s considering leaving his jobs and becoming an influencer. “Thinking of quitting my jobs & becoming an influencer full-time wdyt,” Musk said in the Twitter post, without elaborating. It was not immediately clear if he was being serious about quitting his roles. He did…
Chart Wars: Will Ford Close the Gap Between Tesla’s Stock?
Ford Motor Co. and Tesla Inc. have both formed weekly chart patterns that could provide clues to their future direction for the long-minded trader and investor. Ford has formed a bull flag pattern while Tesla has settled into a bearish downtrend. As more and more legacy automakers continue the switch to electric vehicles, there is…
NHTSA in Talks With Tesla Over Reports of Autopilot Camera Failure
Tesla Inc. and the U.S. National Highway Traffic Safety Administration are in discussions to replace cameras in some vehicles made by the Elon Musk-led company. What Happened: The federal vehicle safety agency said it is aware of an issue related to faulty Autopilot cameras in some U.S.-made vehicles, reported CNBC. NHTSA said it is “monitoring…
Tesla Sold 52,859 China-Made Vehicles in November: CPCA
December 8, 2021
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BEIJING—U.S. electric vehicle maker Tesla Inc. sold 52,859 China-made vehicles in November, including 21,127 for export, the China Passenger Car Association (CPCA) said on Wednesday. Tesla, which is making Model 3 sedans and Model Y sport-utility vehicles in Shanghai, sold 54,391 China-made vehicles in October, including 40,666 that were exported. Chinese EV makers Nio Inc….
Elon Musk Criticizes Biden’s Electric Vehicle Tax Incentive
Tesla CEO Elon Musk on Monday criticized the Biden administration’s proposal to give union-made, U.S.-built electric vehicles (EVs) a $12,500 tax incentive under the Build Back Better Agenda. “Honestly, I would just can this whole bill,” Musk said during a virtual appearance at The Wall Street Journal’s CEO Council Summit. The White House has set a goal for electric…
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