Wall Street rally lifts Nasdaq 20% from low as inflation fears ebb

Wall Street rally lifts Nasdaq 20% from low as inflation fears ebb

Traders work on the trading floor at the New York Stock Exchange (NYSE) in Manhattan, New York City, U.S., August 8, 2022. REUTERS/Andrew Kelly Register now for FREE unlimited access to Reuters.com Register Fed now seen delivering 50 bps hike in September U.S. consumer price growth slows in July Musk sells Tesla shares worth $6.9 … Read more

Musk sells Tesla shares worth $6.9 billion, cites chance of forced Twitter deal

Musk sells Tesla shares worth .9 billion, cites chance of forced Twitter deal

Tesla CEO Elon Musk attends the Tesla Shanghai Gigafactory groundbreaking ceremony in Shanghai, China January 7, 2019. REUTERS/Aly Song Register now for FREE unlimited access to Reuters.com Register Aug 10 (Reuters) – Tesla Inc (TSLA.O) Chief Executive Officer Elon Musk sold $6.9 billion worth of shares in the electric vehicle maker, saying the funds could … Read more

Tesla’s July sales of Chinese-made vehicles slide due to factory line upgrades

Tesla’s July sales of Chinese-made vehicles slide due to factory line upgrades

Tesla China-made Model 3 vehicles are seen during a delivery event at its factory in Shanghai, China January 7, 2020. REUTERS/Aly Song/File Photo Register now for FREE unlimited access to Reuters.com Register SHANGHAI, Aug 9 (Reuters) – Tesla (TSLA.O) sold 28,217 Chinese-made vehicles in July, nearly two-thirds less than a month earlier as a scheduled … Read more

Automakers say U.S. Senate bill will jeopardize 2030 EV targets

Automakers say U.S. Senate bill will jeopardize 2030 EV targets

FILE PHOTO – Volkswagen employees stand next to Volkswagen electric cars during a ceremony at German carmaker Volkswagen’s first battery cell production plant ‘SalzGiga’ in Salzgitter, Germany, July 7, 2022. REUTERS/Fabrizio Bensch Register now for FREE unlimited access to Reuters.com Register WASHINGTON, Aug 7 (Reuters) – A group representing General Motors (GM.N), Toyota Motor (7203.T), … Read more

Tesla sets Aug 25 as trading day for three-for-one split shares

Tesla sets Aug 25 as trading day for three-for-one split shares

The logo of car manufacturer Tesla is seen at a branch office in Bern, Switzerland October 28, 2020. REUTERS/Arnd Wiegmann Register now for FREE unlimited access to Reuters.com Register Aug 5 (Reuters) – Tesla Inc (TSLA.O) said on Friday trading in its three-for-one split shares will start on Aug. 25, after the electric vehicle maker’s … Read more

Tesla shareholders broadly follow board recommendations at annual meeting

Tesla’s July sales of Chinese-made vehicles slide due to factory line upgrades

Aug 4 (Reuters) – Tesla Inc (TSLA.O) shareholders voted for board recommendations on most issues at the company’s annual meeting on Thursday, including re-electing directors, approving a stock split, while rejecting proposals focused on environment and governance. Votes on three of the 13 proposals did not follow board recommendations, according to preliminary tallies presented at … Read more

Elon Musk files countersuit under seal vs Twitter over $44 bln deal

Elon Musk files countersuit under seal vs Twitter over  bln deal

WILMINGTON, Del., July 29 (Reuters) – Elon Musk countersued Twitter Inc (TWTR.N) on Friday, escalating his legal fight against the social media company over his bid to walk away from the $44 billion purchase, although the lawsuit was filed confidentially. While the 164-page document was not publicly available, under court rules a redacted version could … Read more

Indexes drop after Walmart profit warning; Nasdaq down 2%

Indexes drop after Walmart profit warning; Nasdaq down 2%

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., July 21, 2022. REUTERS/Brendan McDermid Register now for FREE unlimited access to Reuters.com Register Walmart cuts profit forecast; news hits retailers McDonald’s up as sales, profit top estimates Coca-Cola up on forecast raise Indexes down: Dow 0.8%, S&P … Read more

Tesla raises spending plan, discloses new subpoena on Musk’s 2018 tweet

Tesla raises spending plan, discloses new subpoena on Musk’s 2018 tweet

Now expects to spend $6 billion to $8 billion this year Reveals $170 mln charge related to bitcoin holding Says fair value of digital assets is worth $222 mln July 25 (Reuters) – Tesla Inc (TSLA.O) has increased its capital spending plan by $1 billion, the electric automaker said in a regulatory filing on Monday … Read more

Exclusive: Hyundai subsidiary has used child labor at Alabama factory

Exclusive: Hyundai subsidiary has used child labor at Alabama factory

LUVERNE, Alabama, July 22 (Reuters) – A subsidiary of Hyundai Motor Co has used child labor at a plant that supplies parts for the Korean carmaker’s assembly line in nearby Montgomery, Alabama, according to area police, the family of three underage workers, and eight former and current employees of the factory. Underage workers, in some … Read more