China’s electric vehicle market is booming. But it might not be obvious from a casual glance at how the country’s EV stocks are doing. Sales of new energy vehicles, including plug-in hybrids, in China more than doubled from a year earlier in the first nine months of 2022. More than one in four cars sold … Read more
Elon Musk sold nearly $4 billion in Tesla Inc. TSLA -2.93% stock after buying Twitter Inc. for 44 billion Mr. Musk sold 19.5 million shares in Tesla 4.-8. Nov., according to regulatory disclosures released Tuesday. Tesla’s CEO, who has become the world’s richest person thanks in large part to his stake in the car company, … Read more
Tesla is not aware of any injuries related to the recall issue, the National Highway Traffic Safety Administration says. Photo: David Zalubowski/Associated Press Updated November 8, 2022 at 12:56 p.m. ET Tesla Inc. TSLA -2.35% has released a firmware update to address the voluntary recall of approximately 40,000 2017-2021 Model S and Model X vehicles … Read more
HONG KONG – When a small group of workers spent 27 hours locked inside the world’s largest iPhone factory in early October, it appeared to be little more than another temporary lockdown in China’s ongoing war against Covid-19. But the outbreak continued and on Monday, days after saying operations were stabilizing, Foxconn Technology Group cut … Read more
Tesla TSLA -3.64% already had a treacherous line between China and US CEO Elon Musk has made it worse by buying Twitter. The electric car pioneer is very dependent on China. The world’s largest electric market accounted for about 24% of Tesla’s revenue in the first three quarters of this year, but the company’s greater … Read more
Tesla TSLA -3.64% already had a treacherous line between China and US CEO Elon Musk has made it worse by buying Twitter. The electric car pioneer is very dependent on China. The world’s largest electric market accounted for about 24% of Tesla’s revenue in the first three quarters of this year, but the company’s greater … Read more
It’s been a tough year for tech stocks – but there could be reason to hope for long-term growth. Market volatility, supply chain issues and rising inflation have all contributed to the sell-off. Morningstar surveys also suggest that big tech companies could see a significant hit to third-quarter earnings as a strong dollar eats away … Read more
Elon Musk treats Twitter like a startup. The thing about startups is that most of them fail. At Twitter, as is typical for tech startups, Mr. Musk made or promised to make a lot of changes quickly. This makes a lot of sense when a company is small and burning investors’ cash. Few technology operators … Read more
Elon Musk treats Twitter like a startup. The thing about startups is that most of them fail. At Twitter, as is typical for tech startups, Mr. Musk made or promised to make a lot of changes quickly. This makes a lot of sense when a company is small and burning investors’ cash. Few technology operators … Read more
Elon Musk has leveraged his diverse business empire in his first week as owner of Twitter Inc., blurring the line between the newly private social media company and Tesla Inc., TSLA 0.15% the electric car manufacturer he also drives. Tesla engineers were among the first outsiders to begin work on reshaping Twitter after Mr. Musk … Read more