Tesla Downgraded. AI Hype May Be Overblown.

04:34am, Friday, 12'th Jul 2024
The EV maker has been on an impressive run in July but the shares might have got ahead of themselves, according to UBS analysts.
Tesla shares fell after it postponed the unveiling of its Robotaxi until October to allow more time to build additional prototypes. Bloomberg's Annabelle Droulers reports.
The S&P 500 and Nasdaq Composite retreated from record highs as investors pivoted away from Big Tech, like Nvidia and Meta Platforms.
Tesla on Thursday launched a new rear-wheel drive variant of its Model 3 long-range vehicle, at a price $5,000 lower than the all-wheel drive version, according to the electric vehicle maker's website
The story of the past few years has been a large divergence between the performance of large tech stocks like the Magnificent 7 and the indexes filled with smaller stocks like the Russell 2000.
One major project from the carmaker is apparently being pushed back several months. According to a media report, the robotaxi won't be introduced to the world in August as planned.
Ronald Jewsikow, Guggenheim Analyst, joins 'Closing Bell Overtime' to talk Tesla's down day following robotaxi delay.
After a midsummer streak of record closing highs that lasted for more than a week, the S&P 500 and Nasdaq Composite retreated on Thursday, pressured by underperformance from the tech sector.
The S&P 500 and Nasdaq sold off despite cooler-than-expected CPI data. The Magnificent Seven stocks suffered heavy losses Thursday.
Tesla (TSLA) shares slumped in intraday trading Thursday on indications the unveiling of the electric vehicle (EV) maker's much-awaited self-driving robotaxi has been delayed by two months.

3 Hype-Driven Stocks Destined for a Dramatic Fall

04:13pm, Thursday, 11'th Jul 2024
U.S. equities have continued their incredible rally in 2024. Last year, despite major swings in performance, Nasdaq and the S&P 500 soared 43.2% and 24.2%, respectively.
As the second quarter earnings season approaches, Mahoney Asset Management CEO Ken Mahoney joins Wealth! to share his insights on investing strategies in the current market environment.
This summer is set to be a record breaker – with multiple heatwaves already impacting millions of people across the U.S. – even though we are still at the start of July. The weather has been so ex

Tesla Plans to Delay Robotaxi Unveiling

03:25pm, Thursday, 11'th Jul 2024
Tesla is delaying its planned robotaxi unveiling to October, from August, to allow teams working on the project more time to build additional vehicle prototypes, according to people familiar with the
Bloomberg's Max Chafkin joins Caroline Hyde and Ed Ludlow to discuss a Businessweek deep dive into Rivian and how the startup persuaded Elon-phobic car buyers to drop $70,000 on its EVs - and how it n
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