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2025-01-17


Tesla stock jumped amid speculation that CEO Elon Musk could potentially buy TikTok.

The Supreme Court upheld a US law that bans TikTok on Jan. 19 unless it is sold to an owner not controlled by a foreign adversary, a ruling that creates new uncertainty for a social-media app used by 170 million Americans.

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Numerous tech CEOs are lining up to kiss the ring of the incoming president. But getting in Trump's good graces isn't just about getting what you want. It's about avoiding trouble.

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Investors are appraising Trump policies' likely impact on stocks on the last trading day before the inauguration.

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2025-01-16


Tesla is discounting select Cybertrucks, the latest indication that the EV pickup and its polarizing design are suffering from a demand slump.

Stocks failed to continue Wednesday's rally as retail sales and fresh earnings from big banks took focus.

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Rules for a $7,500 tax break for electric vehicle purchases and leases recently changed, but more far-reaching changes are expected when President-elect Donald J. Trump takes office.

2025-01-14


Regulators filed a lawsuit in federal court stemming from Mr. Musk’s $44 billion purchase of the social media company now called X.

2025-01-15


(Bloomberg) -- Elon Musk cheated Twitter shareholders out of more than $150 million by waiting too long to disclose his growing stake in the company as he prepared a takeover bid, the US Securities and Exchange Commission claimed in a lawsuit filed days before the Trump administration takes over.Most Read from BloombergThese Homes Withstood the LA Fires. Architects Explain WhyAs E-Bikes Boom in NYC, Some Call for More RegulationsA Blueprint for Better Bike LanesThe agency’s complaint, which was

2025-01-14


(Reuters) -Elon Musk was sued on Tuesday by the U.S. Securities and Exchange Commission, which accused the world's richest person of waiting too long to disclose in 2022 he had amassed a large stake in Twitter, the social media company he later bought. In a complaint filed in Washington, D.C. federal court, the SEC said Musk violated federal securities law by waiting 11 days too long to disclose his initial purchase of 5% of Twitter's common shares. An SEC rule requires investors to disclose within 10 calendar days, or by March 24, 2022 in Musk's case, when they cross a 5% ownership threshold.

Tesla shares gained as investors priced in Elon Musk's reach across a variety of industries.

Chinese government officials have reportedly discussed selling TikTok's US operations to Elon Musk. Antitrust experts predict that the owner of X could clear any US legal hurdles if such a deal were to happen.

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2025-01-13


(Bloomberg) -- Chinese officials are evaluating a potential option that involves Elon Musk acquiring the US operations of TikTok if the company fails to fend off a controversial ban on the short-video app, according to people familiar with the matter.Most Read from BloombergThese Homes Withstood the LA Fires. Architects Explain WhyA Blueprint for Better Bike LanesWhat Robotaxis Brought San FranciscoAmbitious High-Speed Rail Plans Advance in the Baltic RegionBeijing officials strongly prefer that

China's electric car market is headed for a sharp slowdown in 2025, according to analyst predictions, increasing pressure on companies trying to survive.

Stocks are under pressure as strong data craters bets on the chances of Fed rate cuts.

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Stocks are under pressure as strong data craters bets on the chances of Fed rate cuts.

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(Bloomberg) -- Europe’s largest pension fund sold its entire €571 million ($585 million) stake in Tesla Inc. in the third quarter partly due to disagreement with Elon Musk’s remuneration package.Most Read from BloombergA Blueprint for Better Bike LanesWhat Robotaxis Brought San FranciscoAmbitious High-Speed Rail Plans Advance in the Baltic RegionNYC Condo Owners May Bear Costs of Landmark Green Building LawNew York, San Francisco Ranked Worst for US Traffic in City Centers“We had a problem” with

2025-01-12


Nine in 10 new cars in the country are now battery-powered, and it aims to hit 100% later this year.

Mr. Musk has turned to Silicon Valley to help recruit executives who will take up unofficial positions across the federal government.

2025-01-11


More car buyers are expected to eventually pick battery-powered cars and trucks as prices fall and technology improves, even if Biden-era incentives disappear.

2025-01-09


TikTok and its Chinese parent company are facing off against the Justice Department Friday in a hearing before the Supreme Court that will help determine the fate of the popular social media app.

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Elon Musk's Trump windfall

Jan 9, 2025, 6:00 AM

Musk's Tesla stake rose by $111 billion — 65% — last year. All but $2 billion of Musk’s Tesla gain and about 98% of what other Tesla shareholders gained came after Election Day, when Musk began hanging out extensively with Donald Trump and started calling himself Trump’s “first buddy.”

2025-01-08


Donald Trump's planned tariffs are expected to greatly impact international trade in 2025.

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Mr. Musk has fallen out with prominent right-wing Americans who say they are worried that their agenda may be sidelined in favor of his own.

2025-01-06


The S&P 500 and Nasdaq Composite booked back-to-back gains on Monday.

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2025-01-05


Critics of the H-1B program worry that these workers are displacing Americans by providing cheaper labor, especially in the tech industry. Supporters say there are simply not enough US workers to fill the demand needed in these growing industries.

2025-01-04


You could be paying more for a new Rolex watch at an authorized dealer — if you can find one in stock, Meanwhile, used Rolex prices fell across the globe, continuing a trend that began in 2022.

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2025-01-03


Hopes are dim for a "Santa Claus" rally after a five-session run of losses for the S&P 500.

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Hopes are dim for a "Santa Claus" rally after a five-session run of losses for the S&P 500.

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Hopes are dim for a "Santa Claus" rally after a five-session run of losses for the S&P 500.

Tesla stock fell 6% Monday after its quarterly deliveries disappointed investors — and showed a year-over-year decline. A reminder that the company's job of selling cars still matters.

BEIJING (Reuters) -U.S. electric vehicle maker Tesla said on Friday its China sales rose 8.8% to a record high of more than 657,000 cars in 2024, a strong performance in a competitive market in a year when its annual global deliveries fell for the first time. Tesla's sales in the world's largest auto market also increased 12.8% in December from a month earlier to a record high of 83,000 units, according to Tesla China. In 2024, Tesla delivered 36.7% of its cars to customers in China, its second-largest market, based on the sales figures.

2025-01-02


Tesla stock is sliding to start 2025 following a big fourth quarter delivery miss, and posting an overall down year for the EV-maker.

Markets attempted to kick off the new year on the front foot as faith in techs reemerged.

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Markets are set to kick off the new year on the front foot as faith in techs reemerges.

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Markets are set to kick off the new year on the front foot as faith in techs reemerges.

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The electric-car company led by Elon Musk no longer has the market to itself. Investors are focusing on autonomous driving and other new technologies.

Tesla stock is sliding to start 2025 following a big fourth quarter delivery miss, and posting an overall down year for the EV-maker.

Markets are set to kick off the new year on the front foot as faith in techs re-emerges.

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Markets are set to kick off the new year on the front foot as faith in techs re-emerges.

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Shares of the company fell 3.5% before the bell, in a sign of investor worries over the challenges facing CEO Elon Musk, who expected promotions including zero-interest financing to power a "slight growth" in deliveries in 2024. Reduced European subsidies, a shift in the U.S. toward lower-priced hybrid vehicles and tougher competition from China's BYD have pressured Tesla. In response, Musk pivoted Tesla to self-driving taxis and backed President-elect Donald Trump with millions of dollars in campaign donations in hopes that it could bring regulatory relief for the company.

2025-01-01


The H-1B program lets companies fill roles for software developers, engineers and other technology jobs.

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2024-12-31


It has been another great year for retail investors.

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(Bloomberg) -- For all the exuberance about Tesla Inc. benefiting from Donald Trump’s return to the White House, Wall Street isn’t so sure the carmaker can avoid its first annual sales decline in over a decade.Most Read from BloombergMigrant Crisis Pushed US Homelessness to Record High in 2024Analysts surveyed by Bloomberg are estimating the company may deliver around 510,400 vehicles in the final three months of the year. That would set a new quarterly record for Tesla, but the company would ne

Immigration is supposed to be one of Trump's strong suits, yet his own supporters are now bickering over it.

2024-12-30


Tesla shareholders may want to begin paying attention to who is really running the EV giant, one prominent investor says.

2024-12-27


Sales of the company’s cars are flagging, but investors are focusing on the potential of autonomous driving and Mr. Musk’s ties to President-elect Donald J. Trump.

A fierce dispute erupted in the president-elect’s camp between immigration hard-liners and tech industry leaders including Elon Musk.

Wall Street looked to be slogging to the finish of a largely triumphant year.

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Wall Street looked to be slogging to the finish of a largely triumphant year.

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2024-12-26


US stocks were set to open post-Christmas trading with a bit of a hangover.

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2024-12-25


Updated December 25, 12:21 p.m. Pacific: Added details of xAI's valuation and Kingdom Holdings' contribution. xAI, Elon Musk's AI company, has raised $6 billion in a Series C financing round. The company announced this week that Andreessen Horowitz , Blackrock, Fidelity, Lightspeed, MGX, Morgan Stanley, OIA, QIA, Sequoia Capital, Valor Equity Partners, Vy Capital, Nvidia, AMD, and others participated. Kingdom Holdings, the Saudi conglomerate holding company, invested roughly $400 million in the

2024-12-23


The government says it will "restore clarity" for vehicle manufacturers and the charging industry.

2024-12-21


The tycoon has changed his tune when it comes to the UK - and there are clues which help to explain why.

Tesla’s 2024 went out with a bang, thanks to CEO Elon Musk and one of his biggest gambles yet.

2024-12-20


Stocks signaled another rough day of trading on Friday after the House of Representatives voted against a Trump-backed spending bill.

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Stocks signaled another rough day of trading on Friday after the House of Representatives voted against a Trump-backed spending bill.

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The TPMS warning light may not remain illuminated between drive cycles, failing to warn the driver of low tire pressure, according to a recall acknowledgement notice. The problem could result in drivers using the vehicle with improperly inflated tires, increasing the risk of a crash, the notice said. The issue, affecting some Model 3, Model Y and Cybertruck vehicles, will be resolved with an over-the-air software update, Tesla said.

President Musk?

Dec 19, 2024, 4:52 PM

The unelected Trump adviser is now telling Congress what to do. That's supposed to be Trump's job.

2024-12-18


Federal agencies are reviewing whether the tech mogul and ally of Donald Trump complied with disclosure rules meant to protect states secrets.

2024-12-17


The Fed meeting kicks off with investors on alert for clues to the path of rates after the widely expected December cut.

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Tesla stock’s end-of-year rampage rolled on, with shares hitting another high based on optimism for Tesla's "autonomous opportunity" and a Trump-controlled executive branch.

Federal agencies have opened at least three reviews into whether the company and its leader complied with disclosure protocols intended to protect state secrets, people with knowledge of the matter said.

2024-12-16


Tesla stock’s end-of-year rampage rolled on, with shares hitting another new high based on optimism for Tesla's "autonomous opportunity" and a Trump-controlled executive branch.

2024-12-13


Tesla stock roared to another all-time on Friday, capping off a huge week for the stock and CEO Elon Musk.

Tech stocks led the way higher Friday morning as Broadcom surged higher after the chipmaker predicted an AI-driven sales surge.

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Mr. Musk is wielding his X account to single out federal employees and agencies for cuts. He has used this method before.

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The billionaire has needled government agencies, armed with potential influence over their budgets. But some of these organizations are also looking into his interests.

2024-12-12


Cruise's demise pokes another hole in the commercial fantasy of a robotaxi fleet.

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2024-12-11


Tesla shares hit a new all-time high on Wednesday as the EV maker continues its relentless run higher since President-elect Donald Trump’s election win.

(Bloomberg) -- Elon Musk has become the first person to reach $400 billion in net worth, the latest milestone for the world’s richest individual.Most Read from BloombergBrace for a Nationwide Shuffle of Corporate HeadquartersCloud Computing Tax Threatens Chicago’s Silicon Valley DreamSan Francisco, Paris Named Best Cities for Urban TransportationDC Business Leaders Welcome Return-to-Office Policy Under TrumpA Chicago Skyscraper Cements the Legacy of a Visionary Postmodern ArchitectThe most recen

Musk's firm backed the government's green stance, despite its maverick chief executive's social media attacks.

2024-12-10


Deutsche Bank is upping its price target for Tesla following investor meetings where Tesla revealed more info about its upcoming vehicles.

2024-12-09


A Chinese antitrust probe into Nvidia and looming consumer inflation data are in focus to start the week.

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A Chinese antitrust probe into Nvidia and looming consumer inflation data are in focus to start the week.

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2024-12-05


The jobs market is under the microscope as Wall Street weighs Powell's bullish view of the economy.

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Tesla stock is popping today on the back of bullish comments from BofA Securities, with the firm’s analysts fresh off a Giga Austin factory visit.

Sales of electric vehicles grow for the eleventh straight month as manufacturers offer steep discounts.

There are some stirrings of interest from across the aisle in the new extra-governmental 'Department of Government Efficiency' headed up by Elon Musk and Vivek Ramaswamy.

2024-12-04


Tesla pledged to keep fighting for Elon Musk's $65 billion pay to be restored, a battle that could make it all the way to the highest US court.

2024-12-03


The focus is on JOLTS jobs data and Fedspeak will cement or dent growing hopes for interest rate cuts.

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Tesla stock fell after a Delaware court declined Elon Musk's attempt to change its ruling on his $56 billion pay package.

The focus is on JOLTS jobs data and Fedspeak will cement or dent growing hopes for interest rate cuts.

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The electric vehicle maker vowed to appeal after a Delaware judge rejected the tech mogul’s massive compensation deal for a second time.

The focus is on JOLTS jobs data and Fedspeak to cement or dent growing hopes for interest-rate cuts.

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(Bloomberg) -- SpaceX is in discussions to sell insider shares that could boost the value of Elon Musk’s rocket and satellite company to around $350 billion, according to people familiar with the matter. Most Read from BloombergRiyadh Metro Partially Opens in Bid to Ease City’s Traffic JamsAs Wars Rage, Cities Face a Dark New Era of Urban DestructionThat would be a significant premium to a previously mulled valuation of $255 billion as reported by Bloomberg News and other media outlets just last

2024-12-02


The decision upholds a January ruling and comes despite support from shareholders and directors.

The judge said she would not reverse her decision to strike down the compensation package after Tesla shareholders approved Mr. Musk’s pay a second time.

Investors are looking ahead to a week of labor data that could influence the scope of interest rate cuts.

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2024-12-01


Some councils are considering charging owners of larger vehicles more for parking permits.

The race to cash in on humanoid robots is well underway.

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2024-11-28


The trade body for the sector says these are "deeply concerning times" for the UK's car industry.

2024-11-27


President-elect Trump's adviser on government efficiency, Elon Musk, called for eliminating the Consumer Financial Protection Bureau.

Elon Musk and Vivek Ramaswamy are promising to go to war with government red tape. But they will face formidable foes — and perhaps not just from the "unelected bureaucrats" they often pillory.

VW and its joint venture partner, SAIC Motor, are transferring an assembly plant and test tracks after years of criticism from human rights activists.

2024-11-26


The electric trucks have a side cargo door, more space and, critically, air-conditioning, promising some long-overdue relief for carriers, who haven’t had an upgrade since the 1980s.

President-elect Donald Trump's agenda carries risks and rewards for various investment sectors, market experts said.

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California Gov. Gavin Newsom may exclude Tesla and other automakers from an EV rebate program if the incoming Trump administration scraps a federal tax credit for EV purchases.

The government faces pressure from the industry to make changes to electric vehicle sales quotas.

2024-11-25


(Bloomberg) -- Tesla Inc.’s electric vehicles would be excluded from consumer rebates proposed by California’s governor, a decision aimed at spurring greater competition that’s likely to draw the ire of Elon Musk.Most Read from BloombergNew York City’s ‘Living Breakwaters’ Brace for Stormier SeasIn Kansas City, a First-Ever Stadium Designed for Women’s Sports Takes the FieldNYC's Underground Steam System May Be Key to a Greener FutureNYC Gets Historic Push for 80,000 Homes With $5 Billion Pledge