|Day's Range||16.85 - 19.95|
The worst weekly selloff since the financial crisis plunged U.S. equities into correction territory and knocked trillions off their market capitalization. Many believe the next few days will reveal critical information on whether the outbreak is accelerating in the United States, the degree to which the government is prepared to deal with an epidemic, and the economic damage it has already wrought on other countries. One key insight comes Friday night U.S. time, when China is due to release its Purchasing Managers' Index, a widely-watched measure of economic activity.
Autopilot, Super Cruise and Drive Pilot are different names given to technology that automates steering and braking in a growing number of vehicles, but none of it can safely "pilot" cars without regular human intervention. No rules have been put forward since then, however, and Owens' comments came a day after the NTSB sharply criticized NHTSA for its hands off approach to overseeing semi-automated driving technology.
Mattel Inc. has added the Tesla Inc. Cybertruck to the Hot Wheels lineup. It also has working headlights and taillights, a removable plastic body that will show a full interior, and a reusable vinyl sticker that will mimic the broken window that resulted when a Tesla employee hit the “armour glass” with a steel ball. Mattel (MAT) says Tesla (TSLA) sent a file with an image of the crack.
The major stock indexes fell sharply again Friday morning, as the stock market correction worsened. The Nasdaq hit a key level.
International companies set out contingency plans and warn about the impact of the novel coronavirus as one of the world’s leading autoshows is canceled
The Dow tumbled as the market correction intensifies. Tesla and Apple extended big Thursday losses overnight. Beyond Meat plunged on a surprise after-hours loss.
DEEP DIVE In any market environment, there are exceptions to the trend. But there aren’t many this time. Since the S&P 500 (SPX) hit its last closing record on Feb. 19, the index has skidded 12% — and only seven of the component stocks haven’t declined through the close on Feb.
While Toyota (TM) steers $400 million to self driving startup Pony.ai, Adient (ADNT) narrows its 2020 view amid coronavirus concerns.
Shares of Tesla Inc. slumped 5.6% in premarket trading Friday, adding to what is already on track to be the worst weekly performance since the electric vehicle company went public in June 2010. The stock has tumbled 24.6% over the past four sessions; the previous biggest weekly percentage decline was 15.3% during the week ended Jan. 13, 2012. The stock would have to rally 12.4% to close at or above $763.06 not to break the weekly loss record. The selloff comes amid a broader stock market plunge, in which the S&P 500 has lost 10.8% the past 4 days, amid growing fear over the potential negative impact of the coronavirus outbreak. But despite the weekly loss, the stock has still more than doubled (up 105.0%) over the pat three months through Thursday, while the S&P 500 has lost 5.6%.
Tesla (TSLA) still holds extensive upside potential, provided it penetrates the China market when the coronavirus scare fades and the Berlin Gigafactory becomes operational by next summer as promised.
The founder of Baron Capital is a diehard growth-stock investor with a long-term horizon. He expects Tesla to make 10 times his money from here.
Tesla Inc. (NASDAQ: TSLA ) and PG&E received the approval from county planners to build a massive battery farm in Monterey, California. What Happened Tesla will work with PG&E Corporation (NYSE: PCG ), ...
Silicon Valley stocks led a historic Wall Street sell-off Thursday amid fears that the COVID-19 coronavirus has begun to spread in the United States, officially pushing the U.S. stock market into correction territory.
The stock market is selling off as coronavirus fears escalate, but a leading tech ETF with a big stake in Tesla stock is finding key support.