Chevron, Tesla, Seagate Technology, United Rentals and more

Chevron, Tesla, Seagate Technology, United Rentals and more

Find out which companies are making headlines in the midday business. Seagate Technology – Shares of the data storage company jumped more than 10% a day after Seagate recorded beatings up and down for its fiscal second quarter. Seagate reported earnings of 16 cents per share on revenue of $1.89 billion. Analysts called for earnings … Read more

Tesla stock is set to soar on Thursday as analysts say the latest results could calm the bears for now

Tesla stock is set to soar on Thursday as analysts say the latest results could calm the bears for now

Shares of Tesla Inc. climbed on Thursday as investors cheered the earnings beat and upbeat comments from CEO Elon Musk, with some Wall Street analysts saying the bears should fade for the time being. Tesla TSLA shares, +8.37% jumped about 7% in premarket trading, indicating the stock could open around $154 from a close of … Read more

S&P 500 rises after strong GDP report, Nasdaq jumps nearly 1% on Tesla results

S&P 500 rises after strong GDP report, Nasdaq jumps nearly 1% on Tesla results

The Nasdaq Composite rose on Thursday as fourth-quarter gross domestic product beat expectations and investors analyzed the latest batch of corporate earnings. The tech-heavy index jumped 1.2%, while the Dow Jones Industrial Average traded 104 points, or 0.3%, higher. The S&P 500 rose 0.6%. GDP data released Thursday showed the economy grew at an annualized … Read more

Tesla, Chevron, ServiceNow, Levi Strauss, IBM and more

Tesla, Chevron, ServiceNow, Levi Strauss, IBM and more

A customer fills up at a Chevron gas station with prices above $4 a gallon in Seattle, Washington, U.S., Monday, March 7, 2022. david ryder | Bloomberg | Getty Images Find out which companies are making headlines after the bell. You’re here – Shares rose 0.4% in volatile trading after the electric vehicle maker reported … Read more

Tesla’s price cuts could spark an EV price war

Tesla’s price cuts could spark an EV price war

A Tesla showroom is seen in the City Center mall on January 17, 2023 in Washington, DC. Anna Moneymaker | Getty Images DETROIT — You’re here vehicles in the United States are seeing major price cuts, and that’s proving to be a double-edged sword for the electric car maker and the auto industry as a … Read more

Tesla plans to spend $3.6 billion more on manufacturing in Nevada

Tesla plans to spend .6 billion more on manufacturing in Nevada

An aerial view of the Tesla Gigafactory near Sparks, Nevada Bob Strong | Reuters Tesla plans to spend an additional $3.6 billion manufacturing batteries and heavy-duty trucks in Nevada, the the company said on Tuesday on social networks. According to his public statements, You’re here intends to hire an additional 3,000 people in two new … Read more

Stock futures drop in overnight trading as Microsoft reverses earlier gains

Stock futures drop in overnight trading as Microsoft reverses earlier gains

Traders on the floor of the NYSE, August 4, 2022. Source: NYSE Stock futures fell in overnight trading on Tuesday. Dow Jones Industrial Average futures slipped 106 points, the Nasdaq 100 lost 0.8% and S&P 500 futures fell 0.5%. Microsoft shares fell about 1%, reversing earlier gains in after-hours trading. Initially, shares rose after the … Read more

Elon Musk says he would have sold SpaceX shares to take Tesla private

Elon Musk says he would have sold SpaceX shares to take Tesla private

Elon Musk speaks near a Falcon 9 rocket during his announcement that Japanese billionaire Yusaku Maezawa will be the first private passenger to fly around the Moon aboard the SpaceX BFR launch vehicle. DAVID MCNEW | AFP | Getty Images Elon Musk told federal court in San Francisco on Monday that he could have sold … Read more

Elon Musk returns to the helm in class action lawsuit over controversial tweet

Elon Musk returns to the helm in class action lawsuit over controversial tweet

washington d.c. CNN — Tesla CEO Elon Musk spoke again Monday morning in a California courtroom to testify for a second day in the trial over his controversial 2018 “funding secured” tweet. Musk, Tesla and the company chiefs are facing shareholder lawsuit over the tweet, in which the billionaire said he planned to take Tesla … Read more

Elon Musk defends tweets in San Francisco securities fraud lawsuit

Elon Musk defends tweets in San Francisco securities fraud lawsuit

Alex Spiro, attorney for Elon Musk, center, leaves court in San Francisco, California, U.S., Tuesday, January 17, 2023. Benjamin Fanjoie | Bloomberg | Getty Images You’re here CEO Elon Musk appeared in federal court in San Francisco on Friday to defend tweets he posted to his tens of millions of followers in August 2018. The … Read more