Tesla will build its new Gigafactory near Austin, Texas, Chief Executive Elon Musk announced during the company’s earnings call on Wednesday. The area occupies approximately 2,000 acres and will be approximately 15 minutes from downtown Austin, Musk said. He said the factory will be an “ecological paradise” and that it …
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Tesla Inc. reported a surprise second-quarter GAAP and adjusted earnings on Wednesday night, sending the stock more than 5% higher in the extended session. Sales also exceeded Wall Street expectations. Tesla TSLA, + 1.52% He said he earned $ 104 million, or 50 cents a share, in the quarter, compared …
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Tesla Inc.’s stock options imply a one-day post-earnings movement that is more than 60% higher than the historical average, but the odds are currently against investors willing to bet on such unusual volatility. The electric vehicle maker plans to report second-quarter results after Wednesday’s closing bell. The average estimates for …
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CNBC’s Jim Cramer said Tuesday that “it’s time to admit these moves are crazy” after big gains from some of the biggest tech stocks on the market pushed the Nasdaq Composite to another record the day before, but he’s not forecasting a reversal. Expanding on a tweet in which he …
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Jeff Bezos, founder of Amazon Katherine Taylor | Reuters Shares of Amazon, Tesla, Microsoft, Apple, Alphabet, Facebook and Netflix appeared on Monday, adding $ 291.66 billion in combined market valuation. Technology stocks have been among the best-performing during the Covid-19 pandemic, with many reaching record highs in recent weeks despite …
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