Wall Street drops on rate fears, Ukraine tension

07:57pm, Friday, 11'th Feb 2022 Business Recorder
Wall Street stocks fell sharply on Friday for the second straight day, as investors fretted about potential steep U.S. interest rate hikes as well as deepening tensions between Russia and Ukraine. Most of the 11 major S&P 500 sector indexes declined, led by technology and consumer discretionary with losses of over 2% each. The energy sector index jumped over 2% as oil prices hit seven-year highs. Amazon.com Inc dropped 3.2% and Nvidia Corp fell 6.1%, with the companies weighing more than any others on the S&P 500''s decline. Tesla Inc fell 4.4% and Meta Platforms declined 3.2%, adding to the Facebook owner''s recent deep losses. The sell-off accelerated into the afternoon, as Washington warned that Russia was massing more troops near Ukraine and that an invasion could come at any time. "We just have to see how this plays out over the weekend and whether or not international leadership can bring this under wraps," said Thomas Hayes, managing member at Great Hill Capital LLC in New York. "If not, then the knock-on effects could be material and that''s what the markets is worried about." In afternoon trading, the Dow Jones Industrial Average was down 0.75% at 34,977.6 points, while the S&P 500 lost 1.23% at 4,448.58.
Ford has hired former Tesla Engineer Alan Clarke, who left the company over twelve years to oversee Ford’s “Advanced EV Development” projects. According to Clarke’s LinkedIn, he accepted the position this week and officially joined Ford in California. At Tesla, he spent over twelve years in the company’s engineering department. In September 2009, he joined […] The post Ford hires former Tesla engineer to lead ‘Advanced EV Development’ appeared first on TESLARATI .
Shocked Tesla Owners Discover Supercharger Station Robbed Of Its Charging Cables Spot prices for rare earth metals have risen due to dwindling stockpiles and demand from the parabolic growth in the electrification of vehicles. One year ago, we first told readers how catalytic converter theft was erupting nationwide because the car''s exhaust system has an extensive amount of platinum, palladium, and rhodium. Law enforcement and local governments cracked down on thieves by making it near impossible for scrappers to sell catalytic converters. However, thieves are evolving as they now target copper-rich Tesla Supercharger stations. Electrek''s Fred Lambert reports thieves cut the heavy gauge charging cables at all eight stalls of a new Tesla Supercharger station in Oakhurst, California last Friday. Tesla Motors Club forum users first pointed out the "vandalism." Here are eight stalls with no charging cables. This photo reveals why thieves were likely after the cables: copper. "That''s definitely vandalism.
InvestorPlace - Stock Market News, Stock Advice & Trading Tips This has been a turbulent week for TSLA stock news. Here are the headlines investors should be paying attention to as the week winds down. The post Tesla Stock News: 6 Biggest Headlines That TSLA Investors Need to Know This Week appeared first on InvestorPlace . More From InvestorPlace Stock Prodigy Who Found NIO at $2… Says Buy THIS Now Man Who Called Black Monday: “Prepare Now.” #1 EV Stock Still Flying Under the Radar Interested in Crypto? Read This First…

Tesla increases Model Y paint prices in Europe

06:17pm, Friday, 11'th Feb 2022 Drive Tesla Canada
Tesla has gone in the opposite direction than it has in North America by raising prices for some of the Model Y paint options in Europe. Last year in Canada and the US the automaker [] The post Tesla increases Model Y paint prices in Europe appeared first on Drive Tesla .

Rash of auto recalls raises questions about safety, electric cars

05:34pm, Friday, 11'th Feb 2022 The Washington Times
A recent flurry of automobile recalls is raising new safety concerns, including questions about the reliability of Teslas electric vehicles. Hundreds of thousands of Tesla, Hyundai, Kia, Porsche and Audi vehicles have been recalled this week. But Tesla, the nations largest maker of electric cars and SUVs, is drawing the

NASA raises concerns over Starlink satellite deployment

05:15pm, Friday, 11'th Feb 2022 Drive Tesla Canada
The National Aeronautics and Space Administration (NASA) raised concerns to the Federal Communication Commission over the SpaceX plan to deploy 30,000 low earth orbit satellites. As per the filing, NASA has concerns with the potential [] The post NASA raises concerns over Starlink satellite deployment appeared first on Drive Tesla .

GM Has a New Weapon Against Tesla

04:55pm, Friday, 11'th Feb 2022 The Street
Detroit giant GM will deploy the Cadillac Lyriq, a high-end electric SUV, ahead of schedule.

Biden administration releases $5 billion plan for EV charging network

04:51pm, Friday, 11'th Feb 2022 Drive Tesla Canada
The Biden administration revealed its plan to award nearly $5 billion to build EV charging stations across the United States. The almost $5 billion is part of the broader $1 trillion infrastructure bill passed through [] The post Biden administration releases $5 billion plan for EV charging network appeared first on Drive Tesla .
Since 1959, SeaWorld Entertainment Inc (NYSE: SEAS ) has entertained millions of families, and over the last year, has been the home of marked returns for investors. Since February 2021, SeaWorld stock’s one-year return has outperformed several of the world’s most popular tech and consumer discretionary stocks: Tesla Inc (NASDAQ: TSLA ), Ford Motor Company (NYSE: F ), Microsoft Corporation (NASDAQ: MSFT ), Apple Inc (NASDAQ: AAPL ), Walt Disney Co (NYSE: DIS ), Netflix Inc … Full story available on Benzinga.com
The state of California'' Department of Fair Employment and Housing is suing Elon Musk''s company Tesla over racism and harassment toward Black employees at their plant in Fremont, Calif., according to a lawsuit filed by the state this week. The company has called the lawsuit "unfair." The lawsuit follows three years of investigation into Tesla and alleges that Black and African American employees at the company''s Fremont plant are "segregated to the lowest levels." The lawsuit describes multiple instances of racist language and drawings toward Black employees, penalizing Black employees more harshly than white employees, and denying Black employees career advancement opportunities and equal pay for work similar to other employees. "These numerous complaints by Black and/or African American workers about racial harassment, racial discrimination, and retaliation lodged over a span of almost a decade have been futile," the lawsuit says. "Tesla has continued to deflect and evade responsibility.

Tesla recalls more than 500,000 vehicles over "Boombox" feature

03:57pm, Friday, 11'th Feb 2022 Midland Daily News
On Thursday, the National Highway Traffic Safety Administration announced a recall on 578,607 vehicles made by electric car manufacturer Tesla due to pedestrians not being able to hear a required warning sound of an approaching car due to loud music or other sounds produced by the vehicles'' "Boombox" feature.

Tesla recalls more than 500,000 vehicles over "Boombox" feature

03:53pm, Friday, 11'th Feb 2022 Intelligencer
On Thursday, the National Highway Traffic Safety Administration announced a recall on 578,607 vehicles made by electric car manufacturer Tesla due to pedestrians not being able to hear a required warning sound of an approaching car due to loud music or other sounds produced by the vehicles'' "Boombox" feature.
Tesla said on Feb. 10 that it is recalling 578,607 vehicles in the United States because pedestrians may not be able to hear the required Pedestrian Warning System alert of an approaching car due to loud music or other sounds played by its Boombox feature. The car maker is recalling certain Model X, S, and []

Tesla recalls 580,000 vehicles over boombox feature

03:18pm, Friday, 11'th Feb 2022 City AM
Tesla was forced to recall some 580,000 vehicles after the US National Highway Traffic Safety Administration (NHTSA) flagged an error in the boombox
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