|Day's Range||22.61 - 23.60|
U.S. stocks rose Friday, recovering after three consecutive session of losses. Comments from Chinese President Xi Jinping underscored Beijing’s hopes of getting a trade deal done with the U.S.
Although Tesla is making a splash at the Los Angeles auto show, Porsche is also putting it into high gear. The luxury car maker unveiled its most affordable option the Taycan 4S for $103 thousand dollars. Yahoo Finance's Melody Hahm breaks down the details on On the Move.
Gary Silberg, KPMG Automotive Leader, joins Yahoo Finance to discuss how automotive technology is boosting the semiconductor business. He talks to Julie Hyman, Adam Shapiro, Pras Subramanian and Brian Cheung.
Kelley Blue Book released their list of Best Buy Awards for 2020 car models. Yahoo Finance’s Dan Roberts, Heidi Chung and Kristin Myers are joined by Kelley Blue Book Executive Published Karl Brauer on YFi AM.
Kelley Blue Book Executive Analyst Akshay Anand joins The Final Round to discuss Tesla's ‘cybertruck' electric pickup that’s to be announced Thursday night.
Nov.22 -- Dan Ives, Wedbush Equity Research managing director, reacts to Tesla Inc.'s unveiling of its new "Cybertruck" where two of the truck's windows were smashed with a metallic ball during a demonstration. He speaks with Bloomberg's Jonathan Ferro on "Bloomberg The Open."
The stock market rally paused after weeks of gains. Target soared on earnings. The Tesla cybertruck was polarizing. A Charles Schwab-TD Ameritrade deal is near.
The much anticipated truck from Tesla can tow 14,000 pounds, and the base model is priced under $40,000. How does it look? Triangular.
(Bloomberg) -- Short seller David Einhorn continued his long running war with Tesla Inc. Chief Executive Officer Elon Musk, saying he was “beginning to wonder whether your accounts receivable exist” and renewing a meeting request with the company’s chief financial officer.Einhorn’s hedge fund, Greenlight Capital, has lost money in recent months on its bet against Tesla shares, which have surged since the manufacturer reported a surprise third quarter profit in October. But the stock posted its biggest drop in nearly two months on Friday after Musk introduced a new pickup truck concept with a polarizing design.The well-known bear on Tesla’s stock said in a Twitter post he had yet to hear back from the electric automaker’s investor relations department more than a week after asking for an explanation about alleged discrepancies in its accounting practices. Einhorn also reiterated his call for a meeting with Tesla CFO Zach Kirkhorn and a tour of the company’s production facilities.Tesla did not immediately respond to a request for comment on Einhorn’s latest tweet.Einhorn’s social media salvo comes on a day when Tesla’s stock sank following the reveal late Thursday of a concept of its planned “Cybertruck” electric pickup. Tesla shares pared a drop of as much as 7% to trade down 6.1% to $333.28 as of 3:18 p.m. in New York.Musk, who has long warned of a “short burn,” taunted Einhorn earlier this month and said he read Greenlight Capital’s third-quarter investor letter that was critical of the carmaker.“It is understandable that you wish to save face with your investors, given the losses you suffered from Tesla’s successful third quarter,” Musk wrote. “You have our sympathies.”In August, Einhorn called on Musk to resign after Business Insider reported on “Project Titan,” the company’s internal effort to inspect all roofs that had solar panels and potentially faulty connectors in the wake of some rooftop solar fires. Last year, Musk sent Einhorn a pair of “short shorts.”Einhorn said on a Nov. 7 conference call that Greenlight remained short on Tesla, even though the position hurt its performance during the period. He added that he’d been surprised by the stock’s resilience, given “relentless negative news and what appears to be an end of the company’s growth trajectory,” according to a transcript.(Updates with details on short seller social media post from third paragraph)To contact the reporters on this story: Sam Mamudi in New York at firstname.lastname@example.org;Dana Hull in San Francisco at email@example.comTo contact the editors responsible for this story: Alan Goldstein at firstname.lastname@example.org, ;Chester Dawson at email@example.com, Brendan CaseFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Tesla stock dropped Friday, following the unveiling of its high-tech "Cybertruck" that cheered Tesla fans but caused some head scratching by Wall Street analysts over its bizarre design.
Wall Street rose on Friday with help from positive comments from Washington and Beijing about progress on efforts to reach a U.S.-China trade deal ,and from upbeat domestic economic data. U.S. President Donald Trump told Fox News a trade deal was "potentially very close" following remarks by President Xi Jinping that Beijing wanted to work out an initial agreement.
Throughout my analysis of Tesla, I have compared Tesla to Apple, the Model 3 to the iPhone, and Telsa founder Elon Musk to Apple co-founder Steve Jobs. What I am struggling with is this: Can Tesla become as successful as Apple, and can Tesla cars turn into an iPhone-like franchise, taking electric-vehicle market share from nothing to 10% to 30% of the global automobile market? Tesla (TSLA) has many advantages.
“While the Cybertruck seems plenty capable, we don’t believe that Tesla is going after the heart of the market and the work/utility crowd here,” wrote RBC Capital Markets’ Joseph Spak.
Reaction to Tesla's new truck and the price action in stocks that reported earnings were the main topics on Friday's PreMarket Prep Show . A 'Smashing' Debut Of Tesla's Cybertruck On Thursday evening, ...