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 [...]
Fundsmith Equity plummets down most bought list as passives dominate October 15, 2024 Fundsmith Equity, the largest investment fund in the UK, fell 12 places down Interactive Investor’s most bought list in the third quarter of 2024, as passives cemented their majority on the list. The £23.8bn fund, run by star fund manager Terry Smith, fell from eighth on the list to 20th, the biggest movement of any [...]
Meet the fund managers: Quality companies at a value price October 14, 2024 In this weekly series, investment reporter Elliot Gulliver-Needham sits down with a fund manager for a Q&A. This week, we’re hearing from Chris Rossbach, manager of the J. Stern & Co. World Stars Global Equity Fund. This is a transcript from an interview you can watch online. It has been edited for length and clarity. [...]
If growth is the challenge then investment is the solution October 14, 2024 The UK needs to drastically improve its ‘fundamentals’ in housing, energy, transport and digital infrastructure in order to attract private investment, and today's summit is the right place to start, says Dan Tomlinson MP
Elon Musk snub from UK investment summit defended by government October 14, 2024 Technology secretary Peter Kyle has suggested that Elon Musk was not invited to the government’s international investment summit due to his tendency to avoid such events. Previous reports suggested Musk, the owner of X and Tesla, was omitted from the guest list following controversial social media comments he made regarding Britain’s summer riots, where he [...]
‘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, [...]
Apple unveils Iphone 16 and plans AI tool launch in the coming weeks September 9, 2024 Apple has unveiled the Iphone 16 and revealed launch dates and features of its new artificial intelligence tool, Apple Intelligence.