Tesla Stock News

New filings show Tesla boss Elon Musk donated 5 million of the company’s shares to a charity last year. How much was it worth? Delivery company DoorDash clamping down on McDonald’s, planning to raise fees for locations that keep drivers waiting too long for food. And inflation keeps heading north. New government data shows, wholesale prices […]

Apple crossed the $3 trillion market capitalization mark earlier this year, but when will it reach $5 trillion?

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Stocks in Toronto returned to the win column with a vengeance Tuesday, with strength in health-care and tech stocks providing much of the impetus. The S&P/TSX Composite leaped 150.04 points to close Tuesday at 21,502.55. The Canadian dollar dipped 0.03 cents at 78.53 cents U.S. Pot stocks led the charge upward, with Aurora Cannabis surging 38 cents, or 6.9%, to $5.88, while rival Tilray took on 49 cents, or 5.7%, to $9.05. Among industrials, Ballard Power Systems jumped $1.21, or 10.3%, to $13.02, while Lion Electric hiked 49 cents, or 4.3%, to $11.33. Techs also had a field day, with Lightspeed growing $3.71, or 10.1%, to $40.33, while HUT 8 Mining grabbed 61 cents, or 7%, to $9.37. Gold brought the index down, with Equinox faltering 17 cents, or 2.1%, to $7.99, while Barrick Gold slid 52 cents, or 1.9%, to $26.33. Materials did not fare much better, with Capstone Mining skidding 26 cents, or 4%, to $6.17, while SSR Mining paled 48 cents, or 2.1%, to $22.44. In the energy field, Suncor fade 67 cents, or 1.8%, to $37.17, while Imperial Oil dropped 64 cents, or 1.1%, to $55.63.

The hedge-fund investor David Einhorn has a history of negative bets against electric-vehicle icon Tesla.

Elon Musk, CEO of Tesla Inc (NASDAQ:TSLA), donated 5.04 million shares worth $5.7 billion of his automotive company to philanthropic causes in November, according to a stock market filing released Monday night. The beneficiaries of the donations remain unknown. Q4 2021 hedge fund letters, conferences and more Shedding For Charity As reported by Reuters, Elon […]

BATON ROUGE, La. (AP) — A planned expansion of a graphite processing facility near the Mississippi River will give Louisiana an important role in the supply chain for electric vehicle batteries, state economic officials said Tuesday. Australia-based Syrah Technologies plans a $176,000 expansion of its facility in Vidalia, about 100 miles (161 kilometers) north of Baton Rouge. Gov. John Bel Edwards'' office said Syrah will retain 19 employees and create 36 new jobs with average annual salaries of $69,000, plus benefits. In December, electric vehicle maker Tesla signed a contract with Syrah Technologies'' parent company, Syrah Resources. Tesla will buy material from the Syrah plant in Vidalia, which sources graphite from Syrah Resources'' graphite mine in Mozambique, reducing the car maker''s dependence on China. The state economic development agency said in a news release that Syrah will add 180,000 square feet (16,723 square meters) to its 50,000 square feet (4,645 square meters) facility, where graphite will be made into “active anode material” used in lithium-ion batteries.

General Motors in September had suspended the production of this symbolic, but hugely important, vehicle for a battery-related problem.

Nio, Inc (NYSE: NIO ) and Tesla, Inc (NASDAQ: TSLA ) are trading between 5% to 8% higher on Tuesday. Both stocks have struggled to rebound back toward their all-time highs although Nio has notably had a tougher year, currently trading down 62% from its Jan. 8, 2021 all-time high of $66.99 compared to Tesla, which has lost about 26% from its all-time high of $1,243.49 printed on Nov. 4 of that same year. Although Tesla has already established itself as the largest producer of electric vehicles, its market share will be challenged as more brands continue to secure their place within the sector. Smart money has also begun to position itself into Nio recently, which demonstrates investors may believe the China-based EV manufacturer has more room to trade higher. It should be noted, however, that events affecting the general markets, negative or positive reactions to earnings prints and news headlines about a stock can quickly invalidate patterns and breakouts. As the saying goes, "the trend is your friend until it isn’t" and any trader in a position should have a clear stop set in place and manage their risk versus reward.

Tesla has started the new year right where it left off in December, as the Model Y was the best selling premium electric SUV in the country in January. Data from the China Automotive Technology […] The post Tesla Model Y starts 2022 holding on to title of top selling premium electric SUV in China appeared first on Drive Tesla .

SEC filing does not disclose name of charity while analysts say ‘tax benefit would be huge’ Tesla chief executive Elon Musk donated a total of 5,044,000 shares in the world’s most valuable automaker to a charity from 19 November to 29 November last year, its filing with the US Securities and Exchange Commission (SEC) showed on Monday. The donation was worth $5.74bn, based on the closing prices of Tesla shares on the five days that he donated the stock. The filing did not disclose the name of the charity. Continue reading…

CEO Elon Musk, who ended 2021 as the richest person in the world with a personal fortune of $273.5 billion as per Bloomberg Billionaires Index, last month said his company is facing a lot of challenges and working with the government to launch operations in India. The company had registered an Indian arm, Tesla Motors India and Energy, in Bengaluru in January 2021, indicating that it was set to launch vehicles in the country.

Greenlight Capital''s David Einhorn isn''t afraid to back up his words with his money. The longtime Tesla Inc (NASDAQ: TSLA ) bear, who previously paid the price for betting against the electric vehicle company, is back at it. What Happened: Einhorn purchased 1,000 Tesla put option contracts during the fourth quarter, according to a Form 13F filing with the Securities and Exchange Commission. The puts give Einhorn the right to sell Tesla shares at a certain price in the future. The strike price and time remaining on the contracts weren''t specified; the 100,000 Tesla shares represented by the 1,000 put contracts had an underlying value of about $105.7 million. See Also: It Won''t Be The Same Tesla In … Full story available on Benzinga.com

New York state’s retirement plan is ratcheting up pressure on Tesla Inc., calling on the electric-car maker to disclose how much it spends on settling sexual harassment and racial discrimination complaints.