Tesla stock fell after its latest delivery news, but sellers aren't looking at the whole picture.
Tesla deliveries hit a record, but missed Q3 views amid China demand concerns. BYD extended its EV sales lead.
A strong dollar and rising Treasury yields give bitcoin and gold something in common: both assets are tumbling.
Oppenheimer Sr. Research Analyst Colin Rusch joins Yahoo Finance Live to discuss third-quarter production for Tesla, vehicle deliveries, inflationary pressures, supply chain woes, recessionary risks, and the outlook for the automotive company.
(Bloomberg) -- Optimism that the worst of China’s property slump is over boosted markets after Bloomberg reported that regulators told the biggest state-owned banks to provide financing worth at least $85 billion to the embattled sector. Most Read from BloombergCredit Suisse Turmoil Deepens With Record Stock, CDS LevelsTesla Falls Most Since June as Quarterly Deliveries DisappointCredit Suisse Market Turmoil Deepens After Memo BackfiresStocks Stage Oversold Comeback as ISM Sinks Yields: Markets
Shares of the electric vehicle (EV) maker Rivian Automotive (NASDAQ: RIVN) were sliding this morning on seemingly no company-specific news. Instead, investors may be reacting to the fact that fellow EV maker Tesla delivered fewer vehicles in the third quarter than Wall Street was estimating. EV investors often look to other companies to gauge how well the industry is doing, and it appears that Rivian shareholders took Tesla's latest vehicle production and delivery numbers as a troubling sign for other EV companies.
One of the highest-profile sexual assault allegations against Chinese business tycoons ended abruptly this past weekend. Liu Qiangdong (also known as Richard Liu), the founder of Chinese e-commerce giant JD.com, has reached a settlement with Liu Jingyao, a former University of Minnesota student who alleged that the billionaire raped her in her apartment in 2018. The announcement came in a joint statement from the two parties on Saturday, just two days before Mr. Liu was scheduled to face a civil trial in Minneapolis, during which the press would have been allowed to live tweet from the courtroom.
Miller Tabak + Co.'s chief market strategist Matt Maley says this is one of the best oversold stock names to start buying right now.
Billionaire Richard Liu, founder of one of China's largest e-commerce platforms JD.com, has settled a civil suit brought by former University of Michigan student Liu Jingyao, who had accused him of rape. The suit was part of a long-running legal battle between Richard Liu and Liu Jingyao, who was a 21-year-old student in 2018 when she said Richard Liu raped her after an evening of dinner and drinks. A statement from the lawsuit's parties, and provided to Reuters by JD.com, said: "The incident between Ms. Jingyao Liu and Mr. Richard Liu in Minnesota in 2018 resulted in a misunderstanding that has consumed substantial public attention and brought profound suffering to the parties and their families."
Tesla deliveries in the third quarter hit a record, but missed views as EV giant faces China demand concerns. How will Tesla stock react?
Over the weekend, the South American nation held the first round of its 2022 presidential election, and former President Luiz Inacio Lula da Silva was ahead in the polling -- and investors are cheering. As of 10:45 a.m. ET Monday, shares of Brazilian oil giant Petroleo Brasileiro (NYSE: PBR) (NYSE: PBR.A) (aka Petrobras) were up 12.4%, while electric and gas utility Companhia Energetica de Minas Gerais (NYSE: CIG) had gained 14.6%, and water utility Companhia de Saneamento Basico do Estado de Sao Paulo (NYSE: SBS) (aka "Sabesp") was leading the whole Brazilian stock market higher with a 22.5% gain.
Shares of cruise line operator Carnival Corporation (NYSE: CCL)(NYSE: CUK) fell 2.6% on Monday, which may not seem like very much. According to The Fly, analysts Brandt Montour, Benjamin Chaiken, and Christopher Stathoulopoulos -- of Barclays, Credit Suisse, and Susquehanna, respectively -- all lowered their price targets for Carnival this morning.
Shares of Blue Apron are down sharply after the company reached a $15 million stock deal with Canaccord and also announced the departure of its CFO.
Shares of Boeing (NYSE: BA), which have trailed the broader market in recent months, were particularly strong on Monday, up more than 5% on a day when investors are shopping for potential bargains. Boeing shares have been hit particularly hard in recent months. In fact, Boeing announced a number of new jet orders during the period, a sign that demand is holding up.
Recently, Zacks.com users have been paying close attention to Medical Properties (MPW). This makes it worthwhile to examine what the stock has in store.
The debt crisis is here, Nouriel Roubini says. Expect central banks to wimp out in their fight against inflation as financial distress deepens
Reinvesting all the dividend payouts you receive from this stock could double your initial investment in four short years.
Stock markets flipped the page last week on a miserable third quarter of 2022, in which the S&P 500 fell 9% in September alone, bringing year-to-date losses for 2022 to 25%. Metals stocks in particular are joining the rally today, with shares of aluminum producers Alcoa (NYSE: AA) and Century Aluminum (NASDAQ: CENX) gaining 10% and 17%, respectively. On a related note, the London Metal Exchange (LME) is reportedly preparing to ban trading in Russian aluminum, curtailing global supplies of the metal at the same time as Bloomberg reports that demand for it in China is starting to revive.
Tesla shares are getting hammered after weaker-than-expected third-quarter delivery numbers. The reason isn't 'cars in transit.'
Third-quarter data from automakers is beginning to trickle in, and EV adoption seems to be as strong as has been expected.