Tesla and Nvidia led a tech rally this week. Easing trade tensions between the U.S. and China and the axing of the Biden administration's chip export rule helped the sector.
Tesla is adding long-time Chipotle executive Jack Hartung to its board of directors, effective June 1. Hartung joined the fast-casual burrito business in 2002, and rose to become CFO and later president and chief strategy officer.
CEO Elon Musk said he will dedicate more time to the company, and reduce his time with the Department of Government Efficiency (DOGE).
Veteran Chipotle executive Jack Hartung was appointed a member of Tesla's board of directors Thursday, according to a Tesla filing with the SEC. Hartung's addition to the board comes as Tesla quietly works to finish its 1950s-style diner and charging station in Los Angeles.
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Tesla has announced that longtime Chipotle executive Jack Hartung will join the EV giant's board. Hartung served as CFO of the fast-food chain for 22 years before becoming president last year.
Daniel Loeb's Third Point sold off its stakes in electric-vehicle maker Tesla Inc. and social-media giant Meta Platforms Inc. during the first quarter and cut its position in Amazon.com Inc. However, the hedge fund took a new stake in AI chipmaker Nvidia Corp.
The chair of Tesla sold more than $230 million of company stock since Elon Musk's endorsement of Donald Trump triggered boycotts and protests against his cars.
Tesla last November ended an unusual policy that prohibited U.S. leasing customers from buying their cars at lease-end.
The better mood this week isn't only reflected in the stock price. It is also expressed in put and call stock options activity.
Tesla Inc (NASDAQ:TSLA) is set to resume shipping components from China to the United States for the production of its upcoming Cybercab and Semi truck models, according to a Reuters report citing a person with direct knowledge of the matter. The move, expected to begin at the end of May, follows a recent trade truce between the US and China that rolled back most tariffs and retaliatory measures.
TSLA's robotaxi service is set for launch next month with driverless rides, but NHTSA wants answers first. It is scrutinizing FSD's performance in tough conditions.