Elon Musk Tesla Tesla Stock U.S. Business News U.S. Market News 

Alarming! Tesla’s Stock Crashes as Wall Street Predicts Armageddon

By CCN: Tesla’s stock is down another 6% today, the sixth consecutive session TSLA shares have fallen. It is now down 40% year-to-date. Tesla’s stock is getting beat up this year. | Source: Yahoo Finance Tesla Car Price and Stock Price Are Both Falling Tesla’s stock is getting hammered today because of the company’s announcement that it is cutting prices on older model S and X vehicles. Merrill Lynch put out a note expressing concern that sales on those models have peaked and are losing market share to its own…

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fundstrat S&P 500 Tesla tom lee U.S. Business News U.S. Market News us-china trade war 

What Trade War? Tom Lee Says the S&P 500 Could Return 23% This Year

By CCN: The stock market still has more runway for gains despite the trade war. Fundstrat Co-Founder Thomas Lee is doubling down on his year-end target of 3,100 for the S&P 500, which reflects gains of 9% from where the index hovers today. The S&P 500 has already climbed 14% higher year-to-date, and but the mood in the market has felt more like “doom-and-gloom” than “to the moon” as a result of the trade war tensions with China. Nonetheless, perma-bull Lee is confident that most stocks won’t feel the heat…

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Elon Musk Tesla U.S. Business News 

Tesla Stock Crumbles to 30-Month Low as Elon Musk Turns Desperate

By CCN: Tesla stock flew higher when Elon Musk had announced that the electric vehicle maker will raise more than $2 billion in capital through stock offerings to finance ambitious initiatives such as robotaxis, but he is now singing a different tune. Musk to review all of Tesla’s expenses in new cost cutting plan https://t.co/lftMYvH3LF pic.twitter.com/9zZdnSsH9Z — Reuters Top News (@Reuters) May 16, 2019 Musk shows desperation as Tesla stock moves toward new lows In an email to employees (obtained by CNBC), Musk admitted that Tesla is in danger of…

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Elon Musk self driving cars Tesla U.S. Business News U.S. Market News 

Tesla Stock Crashes to Lowest Levels, Unseen Since Obama Presidency

By CCN: This week Tesla stock crashed to its lowest levels since Obama was president. The electric car maker suffers from political uncertainty regarding the electric car maker’s prospects in China, as well as questions over Tesla’s ability to deliver on its premium stock valuation. A Tesla analyst at Evercore ISI says: “The only thing that can justify such valuations is supernatural growth and best in class execution. Both are in question right now.” Low Q1 earnings, low solar cell sales, unflattering publicity about random incidents with Tesla cars have…

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Elon Musk Tesla U.S. Business News 

Elon Musk Skeptic Calls Tesla’s Bluff, Bets You $10k That Robotaxis Suck

By CCN: Whitney Tilson has been shorting Tesla since 2014, and the former hedge fund manager and avid TSLA bear is at it once again. This time he’s willing to bet you $10,000 that Elon Musk’s robotaxi fantasy will crash and burn. In a letter to investors this week, the 52-year-old took a stab at Tesla’s charismatic leader, predicting that he’ll fail to create one million robotaxis by the end of next year. Elon Musk made those bold claims at Tesla’s Autonomy Day in Palo Alto last month: “I feel…

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Dara Khosrowshahi Elon Musk Tesla U.S. Business News Uber 

Elon Musk is Wrong! Uber CEO Bites Back at Tesla CEO’s Robotaxi Boast

By CCN: Robotaxis will one day litter our streets and highways, but not as soon as Tesla CEO Elon Musk boasts. Uber CEO Dara Khosrowshahi levied this critique ahead of the $70 billion rideshare giant’s disappointing IPO, which saw its stock plunge nearly 8% despite debuting at a surprisingly conservative $45. Dara Khosrowshahi Disputes Elon Musk’s Lofty Robotaxi Timeline Khosrowshahi disagrees with Elon Musk’s lofty claim that the robot-controlled vehicles will be on the road as soon as next year. However, he agrees that self-driving technology will one day upend…

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Elon Musk Tesla U.S. Business News U.S. Market News 

Tesla Nightmare Jolts Elon Musk Fanboys Back to Stock’s Dark Reality

Elon Musk groupies might fantasize about owning robo-taxis that yield a fortune in passive income while they stay home and play video games, but one stock market analyst warns that the “Tesla dream” risks transforming into a bitter nightmare. Analyst Warns That Elon Musk’s ‘Dream’ Faces a Dark Reality Elon Musk knows how to mesmerize investors, but TSLA shareholders want the EV darling to put up or shut up. | Source: AP Photo/Jae C. Hong Boris Schlossberg, managing director at BK Asset Management, told CNBC that TSLA shares are a…

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Elon Musk Op-ed Tesla U.S. Business News 

Tesla Con Man Betrays Lack of Faith in Cratering Company

By CCN: The frustrating thing about con artists is that they just keep fleecing suckers until the liquidity dries up. In the case of Elon Musk and Tesla, it appears that there is still an ocean of suckers out there. Fans of “What Will Elon Musk Lie About Next?” will not be surprised that Tesla’s announced $2.8 billion capital raise comes despite Elon Musk’s declaration that Tesla wouldn’t be raising any more capital. Savvy followers of Tesla stock and Elon Musk expected this move, because Tesla had to pay off…

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Donald Trump Model 3 Tesla U.S. Business News us-china trade war 

Tesla Model 3 Suffers in US-China Trade War as MAGA Takes Over

By CCN: The core computer of Tesla’s Chinese-made Model 3, known as the ‘Brain’, was rejected for exclusion from Donald Trump’s 25% tariffs. Tesla had applied for exclusion from the surcharge placed on Chinese-made goods but was rejected. The product was deemed too important to China in the trade war. Tesla Wins No Favors in Trump-China Trade War The computer brain of the Model 3 was rejected for being ‘strategically important’ to China’s ‘Made in China 2025’ initiative. As reported by Reuters, the 3.0 Autopilot electronic control unit (ECU) will…

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Elon Musk Tesla Tesla Stock TSLA U.S. Business News U.S. Market News 

Eureka! Tesla Targets $2 Billion in Capital Raise, TSLA Shares Fly

By CCN: Maybe Tesla could be a $4,000 stock after all. Elon Musk has unlocked the formula for gains in the Tesla (TSLA) share price. Tesla’s stock soared as much as 5% after the company unveiled details about a much-needed capital raise in which Musk kept his cards close to the vest during the company’s recent earnings call. The electric vehicle company is looking to raise $2.3 billion from a series of stock offerings that includes Elon Musk purchasing $10 million in common stock, or roughly 42,000 TSLA shares. He…

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