Out with Uber, in with Tesla for Daniel Loeb's Third Point.
The stock market ended squarely lower Thursday, as Wall Street reacted to comments from Fed Chair Jerome Powell. Tesla stock sold off.
Shares of Tesla (TSLA) and other electric vehicle (EV) makers tumbled Thursday after a report President-Elect Donald Trump and his transition team are planning to end a $7,500 EV tax credit.
Mike Willis says 43% of retail investors own Tesla (TSLA) shares, more than any other company in the S&P 500. According to him, most people also buy the stock because of CEO Elon Musk.
Tesla shares fell Thursday after news broke that the incoming Trump administration will seek to remove EV tax credits. However, the news was already priced into the stock and there are several reasons for investors to remain bullish into next year.
The post-election rally for Tesla stock lost more steam Thursday, as shares of the company led by centibillionaire Elon Musk tracked toward their second 5% or worse loss in three days, with a reported move from the Musk-backed administration of President-elect Donald Trump weighing on the electric vehicle giant's share price.
Worries that EV tax credits may go away under the Trump administration hit a fever pitch on Thursday, dragging down the stocks.
Tesla Inc TSLA has soared since Donald Trump won the 2024 presidential election and Benzinga readers think that the momentum could carry into 2025 for the electric vehicle company.
President-elect Donald Trump's transition team is moving to eliminate the $7,500 electric vehicle (EV) tax credit, according to sources cited by Reuters. Contained in outgoing president Joe Biden's Inflation Reduction Act (IRA), the EV tax credit is intended to support EV adoption as part of the green-energy transition.
Wedbush Securities global head of technology research Dan Ives explains why he sees Tesla potentially doubling in value to $2 trillion and a boon to leading tech stocks more broadly as Elon Musk cements his place inside President-Elect Donald Trump's inner circle. Dan speaks with Tom Keene and Paul Sweeney on Bloomberg Radio.
Today's Big 3 focuses on two names that have become established giants in their industries, and one seeking a top position in the market. Joe Tigay highlights the bullish metrics for Tesla (TSLA), Amazon (AMZN) and Palantir (PLTR).