Elon Musk's Latest Move Could Pull Tesla
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Tesla Stock Has A New Base And Cathie Wood Is Buying As Elon Musk Looks To Consolidate Business EmpireCathie Wood and Ark Invest scooped up nearly 60,000 shares of TeslaTSLA in Friday's stock market as CEO Elon Musk seeks further cooperation between his businesses with SpaceX and potentially Tesla investing in his artificial intelligence company,
Tesla ( TSLA 1.15%) stock is on the move again, and for the wrong reasons. The automaker's stock fell 7% on Monday after Wedbush analyst Dan Ives issued a grim report in response to CEO Elon Musk's plans to start a new political party.
Tesla stock price fell Monday after Musk said he's formed the America Party, the latest development in the billionaire's feud with President Trump.
Tesla shares sank Monday after CEO Elon Musk announced he would form a new political party in an escalation of his feud with President Donald Trump.
Mr. Musk’s involvement in politics and his financial support for the president’s campaign were once seen by investors as a benefit to Tesla, fueling a steep rise in company shares after the election last year. That association has now turned into a liability. Tesla shares are down 40 percent from their peak in December.
New markets can help Tesla. It recently started selling its Model Y in India for about 6 million rupees ($70,000). Tesla is also expected to launch a lower-price vehicle in the second half of the year. No one, however, has seen details of that vehicle yet.
Tesla (TSLA) shares are falling amid slowing sales, fierce competition, and CEO Elon Musk’s political activism. Learn how the EV company compares to Li Auto (LI).
When Tesla first hit the market in 2008, CEO Elon Musk didn't just introduce a new car to the world, he changed the industry by redefining what a car could be. While not everyone was on board
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