Trump and Tesla shares soar as Republicans secure victory November 6, 2024 Shares in Trump Media & Technology Group and Tesla soared in early trading on Wednesday as investors rallied behind stocks associated with newly elected US President Donald Trump and one of his key backers, Elon Musk. Trump Media & Technology Group (TMTG), owner of the Truth Social platform, spiked as much as 35 per cent [...]
Terry Smith’s £23bn fund falls out of favour after Magnificent Seven misstep November 5, 2024 Terry Smith’s £23bn equity fund has once again fallen off a list of the UK’s most-bought investment vehicles after failing to cash in on the performance of the ‘Magnificent Seven’ tech stocks, new analysis suggests. The Magnificent Seven refers to a group of US tech giants, including Alphabet, Meta and Nividia, that have seen stratospheric [...]
Tesla: Elon Musk’s EV giant reports better-than-expected profit as shares soar October 25, 2024 Elon Musk's Tesla recorded its biggest single-day gain in over a decade after closed up nearly 22 per cent on the NASDAQ on Thursday
Investors brace for Tesla’s earnings after Robotaxi flop October 21, 2024 Tesla is set to post its third quarter earnings on Wednesday, with most analysts bracing for a slight dip in earnings per share compared to last year. The consensus forecast for revenue sits around $25.34bn (£19.5bn), up from the $23.35bn (£17.96bn) it booked in the same quarter of 2023. In its most recent quarter, Elon [...]
‘Musk is trying to compete in the Tour de France on a tricycle’: Tesla cyber cab launch falls flat October 11, 2024 Investors unconvinced on Elon Musk's newly released cyber cab
Sales at Elon Musk’s Tesla in reverse after record high October 11, 2024 UK sales at Tesla, the luxury car maker run by Elon Musk, have reversed from their previous record high, it has been revealed. The Manchester-headquartered division has reported a revenue of £2.47bn for 2023, down from the £2.83bn it achieved in 2022. Newly-filed accounts with Companies House also decreased from £42m to £32m over the [...]
Tesla shares stall as Musk delivers fewer EVs than expected October 2, 2024 Tesla shares fell over 5.4 per cent on Wednesday after the electric vehicle (EV) company’s third quarter deliveries came in south of expectations. Elon Musk’s company shipped 462,890 EVs in the three months to 30 September, up 6.4 per cent from the previous quarter, making it the first deliveries increase this year for the car maker. However, [...]
Elon Musk hires operations chief for Tesla’s household energy supplier August 4, 2024 Tesla has hired a new head of operations to help lead the launch of its household energy supplier as Elon Musk presses ahead with his vision for houses to have a "virtual power plant" of batteries.
FTSE 100 bounces back into green after tech sell-off July 26, 2024 FTSE 100 stocks have taken a dive this morning after a set of poor earnings reports and American markets suffering their worst day in two years.
Tesla, Google, Microsoft and Tiktok push tech layoffs total to nearly 100,000 this year June 17, 2024 A total of 326 tech companies have laid off more than 98,000 employees so far this year, according to online tracker layoffs.fyi.