Some senior Tesla executives were alarmed last year when Elon Musk denied a Reuters report that the company had killed a planned all-new $25,000 EV that investors had expected to drive explosive vehicle sales growth, according to people familiar with the matter. “Reuters is lying,” Musk had posted on X, minutes after the story published
Benzinga | Detroit Free Press JPMorgan’s stock traders see record revenue in Q1 JPMorgan Chase’s stock traders took in a record haul in the first quarter as the biggest US bank boosted equities markets revenue 48% to $3.81 billion. Sonali Basak reports on Bloomberg Television. Bloomberg Magnificent 7 tech giants saw gains in May, too,
Tesla is reeling from a huge slump in sales amid a political backlash against founder Elon Musk – Frederic J Brown/Getty Images Tesla’s finance chief was paid a record $139m (£104m) last year despite collapsing sales at the electric carmaker. Vaibhav Taneja, who has worked at Tesla since 2017 and took over as chief financial
Tesla (NASDAQ:TSLA) just rewrote the rules of the gameagain. In a recent SEC filing, the company announced it will now block shareholders who own less than 3% of its stock from filing derivative lawsuits against its executives or board. That threshold? About 97 million shares, or roughly $34 billion at Friday’s close. This follows Tesla’s
Nichola Groom | Reuters April 29 — Manufacturers and developers of U.S. energy storage projects said their industry will invest $100 billion this decade to create a wholly domestic battery supply chain, but warned the goal was contingent on support from Washington. The American Clean Power Association, a trade group that represents energy storage companies, said
Benzinga | Detroit Free Press Trump suggests China tariffs will ‘come down substantially’ President Donald Trump suggested the China tariffs will “come down substantially.” Reports suggested China is considering suspending its 125% tariff on select U.S. imports, following indications that Washington may cut tariffs on Chinese goods. The S&P 500 has now recouped nearly 80%
Akash Sriram and Abhirup Roy | Reuters Musk to shift focus from DOGE to Tesla after profits plunge Elon Musk told investors he will refocus on Tesla and begin scaling back his involvement with the Department of Government Efficiency (DOGE) in May. unbranded – Newsworthy Tesla investors breathed a sigh of relief after CEO Elon Musk said he would refocus his
Trevor Jennewine | The Motley Fool Musk to shift focus from DOGE to Tesla after profits plunge Elon Musk told investors he will refocus on Tesla and begin scaling back his involvement with the Department of Government Efficiency (DOGE) in May. unbranded – Newsworthy Tesla (NASDAQ: TSLA) stock has declined 41% year to date, making
Akash Sriram | Reuters Elon Musk pauses Tesla orders in China amid trade war Tesla has paused new orders for its Model S and Model X vehicles in China, following the US decision to impose 145% tariffs on Chinese imports. The move signals early fallout from President Trump’s escalating trade war. unbranded – Newsworthy Tesla TSLA.O investors
This story is available exclusively to Business Insider subscribers. Become an Insider and start reading now. Have an account? Log in. Latest Tesla will release its first-quarter earnings after the closing bell on Tuesday. Shares in the electric-vehicle maker were down 44% year-to-date through Tuesday. Investors are on high alert for key details on self-driving