Top 5 US companies losing a total of $ 260 billion in market cap, led by Apple and Amazon

Shares of the top-five largest US companies by market capitalization are all falling more than the broader stock market, as the stocks of Inc. AMZN, -5.14% and Tesla Inc. TSLA, -5.00% led the way lower. The combined market-cap losses of the five companies was about $ 259.9 billion as of Tuesday afternoon. In order … Read more

Tesla, Ford and GM Raise EV Prices as Costs, Demand Grow – The Wall Street Journal

Tesla, Ford and GM Raise EV Prices as Costs, Demand GrowThe Wall Street Journal

Polestar Shares Slip in Electric-Vehicle Maker’s Market Debut

Updated June 24, 2022 10:46 am ET Listen to article (2 minutes) Shares in Polestar Automotive Holding UK PLC fell on their first day of trading Friday, after the Swedish electric-vehicle maker completed a merger with a special-purpose acquisition company amid plans to expand globally. Polestar agreed to be acquired by blank-check company Gores Guggenheim … Read more

Tesla Inc. stock falls Thursday, underperforms market

Shares of Tesla Inc. TSLA, -0.43% shed 0.43% to $ 705.21 Thursday, on what proved to be an all-around great trading session for the stock market, with the NASDAQ Composite Index COMP, + 1.62% rising 1.62% to 11,232.19 and the Dow Jones Industrial Average DJIA, + 0.64% rising 0.64% to 30,677.36. This was the stock’s … Read more

Stock Market Today: The Dow Drops After Powell Speaks

Text size People walk along Wall Street, near the New York Stock Exchange in New York. Photo by ED JONES / AFP via Getty Images The stock market could not hold on to gains Wednesday, even after Federal Reserve Chairman Jerome Powell told lawmakers that a slower pace of interest rate hikes is possible. Markets … Read more

Tesla Inc. stock rises Tuesday, outperforms market

Shares of Tesla Inc. TSLA, + 9.35% rallied 9.35% to $ 711.11 Tuesday, on what proved to be an all-around great trading session for the stock market, with the NASDAQ Composite Index COMP, + 2.51% rising 2.51% to 11,069.30 and the Dow Jones Industrial Average DJIA, + 2.15% rising 2.15% to 30,530.25. This was the … Read more

NIO Stock Is a Cautionary Tale for Tesla Shareholders

Electric vehicle maker NIO has been stuck in a range of roughly 10,000 monthly deliveries for almost a year. Courtesy Nio Text size Chinese electric vehicle maker NIO offers a cautionary tale for Tesla investors. What happened to its shares could happen to Tesla ‘s if volume growth at Tesla follows a similar path as … Read more

Elon Musk says SpaceX will accept Dogecoin for some merchandise, though the crypto is down 90% from all-time high

Dogecoin has jumped 13% over the past 24 hours on Tuesday to around $ 0.068, after Elon Musk reiterated his support for the meme coin, even though the crypto has lost more than 90% of its value from its all-time high in May 2021. Musk, chief executive at both Tesla TSLA, + 11.18% and SpaceX, … Read more

SpaceX Fires Employees Involved in Letter Critical of Elon Musk, Company

SpaceX fired some employees involved in a letter that criticized Chief Executive Elon Musk and the way the company applies internal rules, according to an email to staff from SpaceX’s president and people familiar with it. Gwynne Shotwell, SpaceX’s president, said the company conducted an investigation and decided to terminate a number of employees who … Read more

Dogecoin investor sues Elon Musk, Tesla, SpaceX for $ 258 billion, claiming ‘pyramid scheme’

A dogecoin investor is suing Elon Musk and two of his companies, Tesla Inc. and SpaceX, for $ 258 billion, accusing them of operating a “pyramid scheme” to inflate the price of the cryptocurrency. The lawsuit, filed Thursday by Keith Johnson in Manhattan federal court, accuses Musk and his companies of committing fraud, as well … Read more