Customers wearing protective masks look inside a vehicle for sale at a Ford Motor Co. dealership in Colma, Calif., Feb. 1, 2021. David Paul Morris | Bloomberg | Getty Images DETROIT — As automakers seek Tesla-like benefits on new electric vehicles, they face an existential question: how best to bring franchise car dealerships with them … Read more
Find out which companies are making headlines in the midday business. Seagate Technology – Shares of the data storage company jumped more than 10% a day after Seagate recorded beatings up and down for its fiscal second quarter. Seagate reported earnings of 16 cents per share on revenue of $1.89 billion. Analysts called for earnings … Read more
The Nasdaq Composite rose on Thursday as fourth-quarter gross domestic product beat expectations and investors analyzed the latest batch of corporate earnings. The tech-heavy index jumped 1.2%, while the Dow Jones Industrial Average traded 104 points, or 0.3%, higher. The S&P 500 rose 0.6%. GDP data released Thursday showed the economy grew at an annualized … Read more
A Southwest Airlines Co. Boeing 737 passenger plane pushes out of a gate at Midway International Airport (MDW) in Chicago, Illinois. Luke Sharett | Bloomberg | Getty Images Check out the companies making the biggest moves pre-market: South West – The airline tumbled 2.1% after reporting a $220 million fourth-quarter loss after the vacation slump … Read more
Hong Kong, China, 13 Sep 2022, A red Tesla car drives past a Tesla dealership in Wanchai. (Photo by Marc Fernandes/NurPhoto via Getty Images) Nurphoto | Nurphoto | Getty Images Electric vehicle maker Tesla plans to report fourth-quarter results after the market closes on Wednesday. Here’s what analysts expected Wednesday morning, according to Refinitiv: investment … Read more
Traders on the floor of the NYSE, August 4, 2022. Source: NYSE Stock futures fell in early trading on Wednesday as traders eyed the latest batch of corporate earnings. Dow Jones Industrial Average futures fell 222 points, or 0.66%. Nasdaq-100 futures lost 1.3% and S&P 500 futures fell 0.8%. Microsoft shares fell 2%. Initially, shares … Read more
A Tesla showroom is seen in the City Center mall on January 17, 2023 in Washington, DC. Anna Moneymaker | Getty Images DETROIT — You’re here vehicles in the United States are seeing significant price drops, and this is proving to be a double-edged sword for the electric car maker and the auto industry as … Read more
An aerial view of the Tesla Gigafactory near Sparks, Nevada Bob Strong | Reuters Tesla plans to spend an additional $3.6 billion manufacturing batteries and heavy-duty trucks in Nevada, the the company said on Tuesday on social networks. According to his public statements, You’re here intends to hire an additional 3,000 people in two new … Read more
Elon Musk speaks near a Falcon 9 rocket during his announcement that Japanese billionaire Yusaku Maezawa will be the first private passenger to fly around the Moon aboard the SpaceX BFR launch vehicle. DAVID MCNEW | AFP | Getty Images Elon Musk told federal court in San Francisco on Monday that he could have sold … Read more
washington d.c. CNN — Tesla CEO Elon Musk spoke again Monday morning in a California courtroom to testify for a second day in the trial over his controversial 2018 “funding secured” tweet. Musk, Tesla and the company chiefs are facing shareholder lawsuit over the tweet, in which the billionaire said he planned to take Tesla … Read more
