AFP via Getty Images What is Tesla AI Day? Tesla’s AI day is their annual showcase of the latest technology across the company’s various business units. While Tesla vehicles gain the majority of the press coverage, they have a wide range of different applications and products that they continue to develop and refine. You can…
Defense companies have also long been avoided in ESG portfolios, but several funds added the sector … [+] to their holdings due to the war and tensions in Europe. getty One of the biggest trends that has taken hold of the financial industry has been environmental, social and governance (ESG) considerations. However, hedge funds are…
Tesla CEO Elon Musk attends the official opening of the new Tesla electric car manufacturing plant, … [+] officially called the Gigafactory Berlin-Brandenburg. Getty Images You may have heard about the Tesla stock split that just happened. (Yes, another one.) The electric vehicle maker had another stock split on August 24, 2022. One week on,…
A BYD Co. logo on a Yuan sports utility vehicle (SUV) at the company’s showroom in Beijing, China, … [+] on Wednesday, Aug. 25, 2021. Photographer: Qilai Shen/Bloomberg © 2021 Bloomberg Finance LP Net profit in the first six month of 2022 at BYD, the world’s largest maker of electrics vehicles, tripled amid soaring sales,…
Electric cars charging. Getty Images When it comes to electric vehicles, Tesla is head of the class. Over the years, other automakers have entered the EV space hoping to profit from this industry, and many have. With this influx of competition, analysts have been predicting the demise of Tesla’s grip on the EV market. However,…
Topline Shares of electric vehicle maker Tesla rallied in after-hours trading on Wednesday as the company’s 3:1 stock split went into effect, the second such move in around two years, as the world’s most valuable automaker looks to make its stock more affordable. Tesla’s stock has risen over 30% since announcing the proposed stock split…
Remote work is growing says a new Fed study, even though Elon Musk thinks workers are “phoning it … [+] in.” getty Has remote work become a permanent feature of the labor market? A recent New York Federal Reserve report gives a qualified “yes,” but ultimately raises more issues than it answers. Not all employers…
A pedestrian in front of a Xiaomi Corp. store in Shanghai in 2021. Photographer: Qilai … [+] Shen/Bloomberg © 2021 Bloomberg Finance LP Net profit at Beijing-headquartered Xiaomi, the world’s No. 3 smartphone brand, plunged by 83% in the three months to June from a year earlier to 1.36 billion yuan, or $200 million, amid…
(Photo by Smith Collection/Gado). Getty Images Tesla TSLA tried to breakout above its 200-day simple moving average last week but broke below it on Monday as CEO Elon Musk reduced his holdings. Musk sold nearly $7 billion shares between Friday and Tuesday according to regulatory disclosures. He must be protecting his need to own shares…
POOL/AFP via Getty Images Key Takeaways Elon Musk has sold almost $7 billion worth of Tesla stock in recent days, despite announcing in April he had no further sales planned. It brings the total liquidation to over $15 billion so far this year, and almost $32 billion over the past 12 months. Speculation is that…