The White House speech was the first time President Joe Biden addressed the nation since dropping out of the race against Donald Trump and endorsing Kamala Harris. Harris has so far secured the endorsement of hundreds of Democratic lawmakers, raked in record levels of donations and started to catch up to Trump in the polls.
Tesla reported higher revenue but lower margins for the second quarter. Piper Sandler is not concerned about Tesla's lower profitability right now.
Major U.S. equities indexes tumbled as underwhelming earnings reports from Tesla (TSLA) and Google parent Alphabet (GOOGL) raised doubts about the sustainability of the rally in big-name tech stocks. Strength in the tech sector has been key to the ascent of the market gauges to their recently recorded record highs.
It's a bloodbath across the stock market today. Across major indices, investors were seeing red, but technology stocks took the brunt of today's sell-off.
Tech-focused Nasdaq retreats 3.6% and S&P 500 also down in wake of lacklustre results from big-tech companies
The Magnificent Seven tumbled on Wednesday after earnings reports from Tesla (TSLA) and Alphabet (GOOGL) raised concerns about slowing earnings growth at America's tech titans.
Uncertainty surrounds Tesla's valuation, with doubts about the company's ability to sustain growth and overcome regulatory and competitive challenges. Tesla's stock rating remains a strong sell for the seventh time in a row. Elon Musk's ambitious projects, such as Optimus and Full Self-Driving, are met with skepticism regarding their profitability and feasibility.
Tesla (TSLA) stock tumbled Wednesday, a day after the electric vehicle (EV) maker reported weaker-than-expected earnings.
A judge denied Rivian's motion to dismiss a lawsuit brought by Tesla. Tesla reported disappointing Q2 2024 financial results.
Tesla stock beat on sales but missed badly on earnings last night. Even the sales beat was not great news.
The electric vehicle (EV) market is turning a new corner, entering a phase in which Tesla (NASDAQ: TSLA ) will no longer be the dominant player. Indeed, the company that helped usher in the EV revolution has been struggling for weeks and recently reported disappointing second-quarter earnings, dragging down many EV stocks in the process.
Electric vehicle (EV) manufacturer Tesla (NASDAQ: TSLA) recorded disappointing results in the second quarter, missing key targets. Reflecting these results, the company's stock has suffered significant losses, recording a double-digit decline.