Tesla's Fremont, California, plant suffered a 2-alarm commercial fire Monday evening. The Fremont Fire Department reported no injuries and is investigating the cause.
Investors looking for stocks in the Automotive - Domestic sector might want to consider either Ford Motor Company (F) or Tesla (TSLA). But which of these two stocks offers value investors a better bang for their buck right now?
The fall in Tesla shares on Monday came after Chinese electric-vehicle maker Li Auto posted weaker-than-expected earnings.
Tesla Fremont factory suffers another fire, investigation underway
Tesla is offering discounts to appease European car rental and leasing firms, Reuters reported. The discounts follow Tesla's price cuts in Europe, which impacted fleet values for leasing firms.
A group of Tesla shareholders are urging others to reject Musk's proposed pay package. They also want shareholders to vote against the reelection of board members James Murdoch and Kimbal Musk.
New York City's investment chief and other key investors are urging Tesla Inc. shareholders to vote against Chief Executive Elon Musk's $56 billion pay package and the reelection of board directors Kimbal Musk and James Murdoch.
CEO is the world's third richest person, with a net worth of $190 billion, according to Bloomberg Billionaires Index. But it's not like Musk's life has been spot-free – the billionaire has made several major money mistakes, and one of them is worth nearly a fourth of his current net worth. Here are five of Musk’s biggest money mistakes: 1. Musk's $44B Acquisition Of Twitter Perhaps the biggest money mistake Musk has made so far is his $44 billion acquisition of Twitter, now X. The social media platform's recent valuation by shows the value has fallen to just $14.1 billion now, down from the $44 billion that Musk paid to acquire it. 2. ‘Funding Secured' Another one of Musk's biggest money mistakes is his "Funding secured" post on X about Tesla which led to an investigation by the Securities and Exchange Commission (SEC,) resulting in a $20 million fine. 3. Musk's Multiple Divorces Musk's multiple divorces have cost the Tesla CEO and founder a pretty penny. He revealed that he pays an average of $20,000 to his first wife, , apart from having footed an average of $170,000 in monthly legal bills. He then married and divorced actress twice, which ended up costing $20 million in alimony. 4. Roadster Failure Tesla's first car, the Roadster, proved to be a disaster for both the company and Musk. Tesla unveiled the Roadster prototype in 2006 and launched it commercially in 2008. The company spent $25 million on the car, and BBC's panned it for range and quality control issues. Tesla even sued the BBC over this but eventually lost its case. 5. Crashing McLaren F1 Fresh off his successful sale of Zip2 for $300 million, Musk purchased the McLaren F1 for $1 million as his daily drive. Then, in order to impress co-founder , Musk went ahead to show off the sports car's power. He ended up crashing the $1 million car after hovering about 3 feet in the air.
EV stocks to buy have been popular since Tesla's (NASDAQ: TSLA ) shares made several “Tesla millionaires.” Early Tesla stock investors, notably during the IPO, made big money.
This whale alert can help traders discover the next big trading opportunities. Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner. Traders will search for circumstances when the market estimation of an option diverges heavily from its normal worth. High amounts of trading activity could push option prices to exaggerated or underestimated levels. Here's the list of options activity happening in today's session: These itemized elaborations have been created using the accompanying table. For TSLA TSLA, we notice a call option sweep that happens to be bearish, expiring in 4 day(s) on May 24, 2024. This event was a transfer of 264 contract(s) at a $180.00 strike. This particular call needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $39.0K, with a price of $148.0 per contract. There were 21568 open contracts at this strike prior to today, and today 77381 contract(s) were bought and sold. For FFIE FFIE, we notice a put option trade that happens to be bullish, expiring in 32 day(s) on June 21, 2024. This event was a transfer of 500 contract(s) at a $1.00 strike. The total cost received by the writing party (or parties) was $25.0K, with a price of $50.0 per contract. There were 27037 open contracts at this strike prior to today, and today 29865 contract(s) were bought and sold. Regarding GME GME, we observe a call option sweep with bullish sentiment. It expires in 4 day(s) on May 24, 2024. Parties traded 439 contract(s) at a $30.00 strike. This particular call needed to be split into 41 different trades to become filled. The total cost received by the writing party (or parties) was $41.7K, with a price of $95.0 per contract. There were 7729 open contracts at this strike prior to today, and today 14802 contract(s) were bought and sold. Regarding AMZN AMZN, we observe a put option trade with bearish sentiment. It expires in 4 day(s) on May 24, 2024. Parties traded 130 contract(s) at a $185.00 strike. The total cost received by the writing party (or parties) was $31.8K, with a price of $245.0 per contract. There were 6780 open contracts at this strike prior to today, and today 9019 contract(s) were bought and sold. For LCID LCID, we notice a put option trade that happens to be bearish, expiring in 4 day(s) on May 24, 2024. This event was a transfer of 1000 contract(s) at a $3.00 strike. The total cost received by the writing party (or parties) was $26.0K, with a price of $26.0 per contract. There were 4384 open contracts at this strike prior to today, and today 1342 contract(s) were bought and sold. For DASH DASH, we notice a put option sweep that happens to be bearish, expiring in 4 day(s) on May 24, 2024. This event was a transfer of 96 contract(s) at a $114.00 strike. This particular put needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $25.8K, with a price of $269.0 per contract. There were 1732 open contracts at this strike prior to today, and today 1191 contract(s) were bought and sold. Regarding PDD PDD, we observe a put option sweep with bearish sentiment. It expires in 32 day(s) on June 21, 2024. Parties traded 200 contract(s) at a $125.00 strike. This particular put needed to be split into 5 different trades to become filled. The total cost received by the writing party (or parties) was $26.4K, with a price of $132.0 per contract. There were 5072 open contracts at this strike prior to today, and today 680 contract(s) were bought and sold. For RCL RCL, we notice a call option sweep that happens to be bearish, expiring in 32 day(s) on June 21, 2024. This event was a transfer of 120 contract(s) at a $150.00 strike. This particular call needed to be split into 9 different trades to become filled. The total cost received by the writing party (or parties) was $54.6K, with a price of $455.0 per contract. There were 2137 open contracts at this strike prior to today, and today 491 contract(s) were bought and sold. Regarding HD HD, we observe a put option sweep with bullish sentiment. It expires in 4 day(s) on May 24, 2024. Parties traded 85 contract(s) at a $340.00 strike. This particular put needed to be split into 8 different trades to become filled. The total cost received by the writing party (or parties) was $29.3K, with a price of $345.0 per contract. There were 489 open contracts at this strike prior to today, and today 372 contract(s) were bought and sold. For TCOM TCOM, we notice a put option trade that happens to be bullish, expiring in 123 day(s) on September 20, 2024. This event was a transfer of 300 contract(s) at a $50.00 strike. The total cost received by the writing party (or parties) was $54.0K, with a price of $180.0 per contract. There were 521 open contracts at this strike prior to today, and today 301 contract(s) were bought and sold. Options Alert Terminology - Call Contracts: The right to buy shares as indicated in the contract. - Put Contracts: The right to sell shares as indicated in the contract. - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. - Premium/Option Price: The price of the contract. For more information, visit our Guide to Understanding Options Alerts or read more news on unusual options activity. This article was generated by Benzinga's automated content engine and reviewed by an editor. © 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Tesla stock has retreated around 30% in 2024 as analysts focus on vehicle pricing, EV demand and potential profit struggles for Elon Musk and Co.
Dubbed the Magnificent Seven stocks, Apple, Microsoft, Google parent Alphabet, Amazon, Nvidia, Meta Platforms and Tesla lived up to their name in 2023 with big gains. But the early part of the second quarter of 2024 showed a big divergence of returns. The Magnificent Seven stocks are among the best stocks to watch on the stock market today. Due to their outsized market capitalizations, Magnificent Seven stocks hold a disproportionate influence on the market-cap weighted Nasdaq composite and S&P 500 indexes. For an in-depth look at this issue, check out IBD's page on the Magnificent Seven weightings, market capitalizations and the companies' latest news stories. Stock Market ETF Strategy And How To Invest Be sure to read how to adjust to changing market conditions, with IBD's new exposure levels. IBD Live: A New Tool For Daily Stock Market Analysis