If Tesla is added to the S&P 500 stock index this year, it will be a great victory for the electric vehicle maker and its shareholders. This is because money managers who manage funds that track the index or compare its performance against it will have to buy Tesla shares. …
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Text size Goldman Sachs analyst Fei Fang downgraded US depositary receipts from Chinese electric vehicle maker NIO to Sell from Hold. ADRs are falling on Friday, but that’s after nearly doubling in the past month. Photography by Giulia Marchi / Bloomberg Recovery of a stock of electric vehicles has gone …
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Text size Another day, another touch of technology. The Nasdaq Composite has been outperforming the rest of the market this year, but the preference for the heavy tech index appears to have ended this week. Shortly after Thursday’s opening, the Nasdaq Composite fell 1%, while the S&P 500 and Dow …
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Tesla plans to temporarily shutdown its Fremont factory for improvements, a move that comes just a day after reports emerged that coronavirus cases were emerging at the plant. The shutdown, which is expected to hit the end of the month according to Tesla Electrek’s blog, is necessary to install new …
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Tesla, which previously reopened its Fremont electric car factory in defiance of a coronavirus health order, has had more than 130 employees who tested positive for the deadly virus, according to a blog claiming to have received information from the company. “An internal data leak shows that Tesla is seeing …
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