U.S. stock indexes were buoyed by technology stocks on Monday as concerns over rising inflation saw investors shift to economically resilient sectors ahead of major retail earnings and data this week. The S&P technology and communication services sectors were the best performers in early trade, adding 0.4 percent and 0.6 percent, respectively, while Meta Platforms…
Wall Street Supported by Tech; Tesla Extends Losses
November 15, 2021
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US Regulator Reviewing Tesla Owner Complaint on Self-Driving Test Software
November 13, 2021
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WASHINGTON—The U.S. National Highway Traffic Safety Administration (NHTSA) said it is looking into a consumer report that a Tesla Model Y was involved in an accident while using the company’s Full Self-Driving (FSD) Beta software. The owner of a 2021 Tesla Model Y reported to the auto safety agency that on Nov. 3 in Brea,…
Musk Sells Nearly $7 Billion Worth of Tesla Shares This Week
Tesla CEO Elon Musk offloaded a combined $6.9 billion worth of shares in the electric car company this week, taking advantage of a meteoric rally that vaulted the firm’s value to over $1 trillion. The billionaire sold 1.2 million shares held by his trust for more than $1.2 billion on Friday, the latest in a…
Tesla Flashes Warning Signals Following Elon Musk’s Selling Spree
On Thursday, Tesla, Inc reached a milestone with 30,000 superchargers stationed worldwide, ahead of its plans to open the network to other brands of electric vehicles. The $7.5 billion federal program for EV infrastructure, which is part of the $2 trillion infrastructure spending plan President Joe Biden is expected to sign into law soon, requires…
Tesla’s Musk Sells More Shares Worth $687 Million
November 12, 2021
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Tesla Inc. Chief Executive Officer Elon Musk disclosed an additional share sale worth about $687 million in the electric-car maker, regulatory filings showed on Friday, after offloading about $5 billion in stock earlier in the week. Musk sold 587,638 and 52,099 shares held by his trust on Nov. 11 in multiple transactions, according to two…
Tesla Dips After Musk Sheds $5 Billion in Shares
Tesla’s stock declined slightly on Thursday after filings revealed Chief Executive Elon Musk sold about $5 billion worth of his shares this week following his much-hyped Twitter poll. The electric-car maker’s stock ended the session down 0.4 percent at $1,063.51 after tumbling earlier in the week. Musk’s share sale was his first since 2016 and…
Tesla Driver Killed in Fiery Crash Hit 90 mph, Report Says
FORT LAUDERDALE, Fla.—The Tesla driver who died with a passenger in a fiery September crash near Miami accelerated to 90 mph (145 kph) in the seconds before he lost control and smashed into trees, federal investigators said Wednesday—a conclusion disputed by the attorney representing the driver’s family. The National Transportation Safety Board (NTSB) said in…
Tesla Further Extends Delivery Time for Model Y Standard Range in China
Tesla Inc’s (TSLA) mid-size sports utility vehicle Model Y would now take even longer with deliveries in China, the electric vehicle maker’s website shows. What Happened The delivery time for the $43,200 Model Y standard range is now stretched to 10–14 weeks, from the earlier 6–10 weeks range. The delivery for the Long Range and…
Tesla Rebounds After Valuation Dipped Below $1 Trillion
Tesla Inc’s stock rebounded on Wednesday in volatile trading after a multi-day selloff endangered the electric-car maker’s position in the $1 trillion club. Tesla rallied almost 3 percent at $1,054, on track to close higher for the first time since Chief Executive Elon Musk on Saturday polled Twitter users about selling 10 percent of his…
Elon Musk Sells $5 Billion in Tesla Shares After Twitter Poll
November 11, 2021
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Tesla Chief Executive Elon Musk sold about $5 billion in shares, the billionaire reported in filings on Wednesday (November 10), just days after he polled Twitter users about selling 10 percent of his stake. In his first share sale since 2016, Musk’s trust sold nearly 3.6 million shares in Tesla, worth around $4 billion, while…
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