Elon Musk attends ‘Exploring the New Frontiers of Innovation: Mark Read in Conversation with Elon Musk’ session during the Cannes Lions International Festival Of Creativity 2024 – Day Three on June 19, 2024 in Cannes, France. Marc Piasecki | Getty Images Tesla shares soared 22% to close at $260.48 on Thursday, the stock’s best day… Continue reading Tesla stock soars 22% for best day in over a decade on Musk’s 2025 growth projection
Author: CNBC Online news
CNBC Daily Open: Treasury yields are making a return, like an uninvited ex
Specialist traders work inside a post on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., October 23, 2024. Brendan McDermid | Reuters This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no… Continue reading CNBC Daily Open: Treasury yields are making a return, like an uninvited ex
CNBC Daily Open: Treasury yields have made a return, like an unwelcome ex
Specialist traders work inside a post on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., October 23, 2024. Brendan McDermid | Reuters This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no… Continue reading CNBC Daily Open: Treasury yields have made a return, like an unwelcome ex
Tesla investors have a lot of questions for Musk about his political activism for Trump
Tesla and SpaceX CEO Elon Musk speaks with former president Donald Trump during a campaign event at the Butler Farm Show, Saturday, Oct. 5, 2024, in Butler, Pa. Jabin Botsford | The Washington Post | Getty Images As Tesla prepares for quarterly results Wednesday, many investors have one big issue on their minds: Donald Trump. On a… Continue reading Tesla investors have a lot of questions for Musk about his political activism for Trump
Tesla shares jump 10% on profit beat as company benefits from environmental credits
Tesla CEO and X owner Elon Musk speaks during an unveiling event for Tesla products in Los Angeles, California, U.S. October 10, 2024 Source: Tesla | Youtube Tesla reported third-quarter earnings Wednesday that topped analysts’ estimates even as revenue came in just shy of expectations. Here’s what the company reported compared with what Wall Street… Continue reading Tesla shares jump 10% on profit beat as company benefits from environmental credits
Here’s why China has been testing its autonomous car technology in the U.S. for years
Chinese companies are aggressively developing autonomous vehicles. In August, China announced that it had issued 16,000 test licenses for driverless cars and opened up about 20,000 miles of roads nationwide for autonomous vehicle testing. But Chinese autonomous vehicle companies have also quietly been testing their technology on U.S. streets. Baidu, Didi, WeRide, Pony.ai and AutoX… Continue reading Here’s why China has been testing its autonomous car technology in the U.S. for years
Lilium was once a promising ‘air taxi’ startup worth billions. Now it’s on the brink of insolvency
German company Lilium produces flying electric passenger drones. Lilium German aerospace startup Lilium faces insolvency if it doesn’t raise emergency funding from the state government for the southeastern state of Bavaria. Insolvency would mark a dramatic fall for a startup once touted as Europe’s best chance at building the 21st-century equivalent of “cars” that can… Continue reading Lilium was once a promising ‘air taxi’ startup worth billions. Now it’s on the brink of insolvency
CNBC Daily Open: High interest rate worries pressure stocks
Traders work on the floor at the New York Stock Exchange on March 5, 2024. Brendan Mcdermid | Reuters This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like what you see? You… Continue reading CNBC Daily Open: High interest rate worries pressure stocks
GM stock has best day since 2020 after automaker tops Wall Street’s third-quarter expectations, raises guidance
watch now DETROIT — Shares of General Motors saw their largest daily increase since March 2020 on Tuesday after the company topped Wall Street’s third-quarter earnings expectations, increased 2024 guidance and reconfirmed plans for shareholder returns and resilient earnings next year. Shares of the Detroit automaker closed Tuesday at $53.73, up 9.8% — marking the… Continue reading GM stock has best day since 2020 after automaker tops Wall Street’s third-quarter expectations, raises guidance
Lucid CEO says Wall Street misinterpreted $1.75 billion capital raise
Lucid Motors CEO Peter Rawlinson poses at the Nasdaq MarketSite as Lucid Motors (Nasdaq: LCID) begins trading on the Nasdaq stock exchange after completing its business combination with Churchill Capital Corp IV in New York City, New York, July 26, 2021. Andrew Kelly | Reuters DETROIT — Investors misinterpreted a public offering on Wednesday by… Continue reading Lucid CEO says Wall Street misinterpreted $1.75 billion capital raise