Catenaa, Monday, December 09, 2024-Amazon shareholders are urging the company to invest 5% of its assets in Bitcoin, highlighting the cryptocurrency’s superior returns compared to corporate bonds and its potential as a hedge against inflation. The proposal, spearheaded by the National Center for Public Policy Research (NCPPR), criticizes the Consumer Price Index (CPI) as an […]
Catenaa, Thursday, May 29, 2025- Big tech stocks in the US gained on Thursday following a US trade court ruling that the vast majority of Trump’s global tariffs are illegal. Tesla shares were up by 1.2% by 1.30 in the afternoon amid news of CEO Elon Musk’s exit from the Trump administration, and Nvidia shares […]
Catenaa, Tuesday, March 18, 2025- The shares of Chinese electric vehicle maker BYD jumped to a record on Tuesday, passing the $162 billion market value, after the company unveiled a line-up of electric vehicles that can charge in five minutes. BYD’s stock climbed as much as 4.36% by 3,30 in the afternoon in Hong Kong, […]
Catenaa, Thursday, March 27, 2025-Chinese automaker BYD surpassed Tesla in total electric vehicle sales, including hybrids, delivering a record 4.3 million vehicles in 2024, the company announced recently. While Tesla sold 1.79 million battery EVs last year, BYD was close behind with 1.76 million. However, its hybrid sales gave it a commanding lead in the […]
Catenaa, Friday, December 06, 2024- Elon Musk’s wealth surged to $353 billion, increasing by $91 billion in the past month, despite a Delaware court invalidating his $100 billion Tesla pay package for the second time. The ruling doesn’t faze Musk, as Tesla shares rose 40% after Donald Trump’s election victory. Investors anticipate regulatory and federal […]
Catenaa, Tuesday, April 08, 2025- World richest man Elon Musk’s wealth dropped below $300 billion on Monday for the first time since 2024, due to impacts of recent Tesla backlash and sweeping new tariffs. Bloomberg Billionaires Index showed that Musk was worth $298 billion as of market close Monday, since the beginning of the year, […]
Catenaa, Friday, February 21, 2025 – Japan has drawn up plans for Elon Musk’s Tesla to invest in Nissan following the collapse of merger talks with Honda, according to a report from the Financial Times on Friday. The report said a high-level Japanese group, including a former prime minister, has drawn up plans for Elon Musk’s Tesla […]
Catenaa, Monday, May 26, 2025 – Crypto exchange Kraken announced Thursday it will soon offer tokenized shares of major US companies—including Apple, Tesla, and Nvidia—to international customers, marking a bold step into the growing market for blockchain-based securities. Partnering with asset tokenization firm Backed, Kraken will launch over 50 US stocks and ETFs as crypto […]
Catenaa, Thursday, April 03, 2025- The Magnificent Seven stocks all fell on Thursday following the Trump Administration announcement of reciprocal tariffs, with Apple faring worst of all. The iPhone maker’s shares dropped 8% by mid-day after President Donald Trump late Wednesday imposed an 34% import tax on China, where Apple manufactures about 90% of its […]
Catenaa, Thursday, April 03, 2025- The Tesla board has reportedly asked Elon Musk to step down as CEO due to declining Tesla sales and his increasingly controversial public behavior.Musk is yet to respond to the reports.Amid growing pressure, Tom Zhu, president of Tesla China, has emerged as a potential successor. The board, previously criticized for […]
Catenaa, Tuesday, May 20, 2025- Tesla CEO Elon Musk said the stock price shows that the EV maker is in a good state and investors should not worry about the company’s recent performance. At the Qatar Economic Forum on Monday, Musk faced hard questions about his involvement in political spending and Tesla’s recent sales performance, […]
Catenaa, Wednesday, April 23, 2025-Elon Musk said he will step back from his federal government role next month to concentrate on Tesla after the electric vehicle maker reported a staggering 71% plunge in first-quarter profits, intensifying pressure on the billionaire CEO. Speaking during Tesla’s earnings call Tuesday, Musk confirmed his “time allocation to DOGE will […]
Catenaa, Monday, June 02, 2025- Elon Musk’s xAI is launching a $300 million share sale that values the group at $113 billion, The Financial Times reported on Monday. The report quoting sources said the deal will allow staff to sell shares to new investors, validating the pricetag struck when Musk’s xAI start-up acquired his social […]
Catenaa, Tuesday, June 17, 2025- Elon Musk’s artificial intelligence startup xAI is in talks to raise $4.3 billion through an equity investment on top of the $5 billion debt funding plan, Bloomberg reported on Tuesday. Citing information the company shared with investors who asked not to be identified, Bloomberg’s report said that xAI, which is […]
Catenaa, Wednesday, July 09, 2025- Nvidia became the first publicly traded company to hit the $4 trillion mark on Wednesday after its share price hit a record high of $164.27 as generative AI hype continues. The chipmaker surpassed fellow tech players, including Microsoft and Apple, and Nvidia’s stock price is up 22% year-to-date and 24% […]
Catenaa, Wednesday, July 02, 2025- Nvidia reclaimed the top spot among the most valued companies worldwide in June, as its shares gained to an all-time high of $158 with renewed optimism on AI leadership. The chipmaker’s market value stood at $3.86 trillion at the end of June, about 4.3% higher than Microsoft $3.69 trillion valuation. […]
Catenaa, Friday, May 23, 2025- Nvidia’s rise to center stage has been fueled by the spending of its fellow members of the so-called Magnificent Seven on chipmaker’s AI chips, Bloomberg said. Bloomberg estimates show that Microsoft is the largest driver of Nvidia’s revenue, followed by Meta, Amazon, and Google parent Alphabet, while Tesla is Nvidia’s […]
Catenaa, Monday, July 21, 2025- The S&P 500 and tech-heavy Nasdaq touched all-time highs on Monday, as investors hoped for trade breakthroughs and geared up for a week of tech earnings that could set the tone for US stocks. The S&P 500 gained 18.34 points, or 0.29%, to 6,315.13 and the Nasdaq Composite gained 110.40 […]
Catenaa, Monday, July 28, 2025- Samsung Electronics will produce AI semiconductors for Tesla in a new $16.5 billion pact as the electronics maker looks to expand its chipmaking capabilities. South Korea’s largest company announced on Monday that it secured the $16.5 billion chipmaking agreement, which will run through the end of 2033. The plan is […]
Catenaa, Wednesday, April 23, 2025- Tesla is facing a proposed class-action lawsuit alleging it manipulates odometer readings to prematurely end vehicle warranties, potentially saving the automaker millions in repair costs. Plaintiff Nyree Hinton, a Los Angeles resident, claims his 2020 Model Y recorded mileage at an accelerated rate, allegedly reaching the 50,000-mile warranty cap far […]
Catenaa, Wednesday, July 16, 2025- Tesla ranks among the three most shorted US auto stocks heading into the second-quarter earnings season, alongside Rivian and QuantumScape. According to UBS, the latest “comprehensive crowding factor” shows all three names topping the list of short positions across the autos, auto parts, and auto-tech space. UBS constructs its crowding […]
Catenaa, Tuesday, May 27, 2025- Tesla sales performance in Europe continues to deteriorate as sales collapsed by 49% in April, data released on Tuesday showed, with Model Y continuing to fail. Data released by the European Automobile Manufacturers Association (ACEA) shows that the EV maker continues to battle a brand crisis in its third-largest market, […]
Catenaa, Wednesday, March 19, 2025-Tesla sales in Germany plummeted 76% in February as the electric vehicle maker faced backlash over CEO Elon Musk’s political ties and increasing competition in Europe’s biggest economy. According to the German Federal Motor Authority, Tesla sold just 1,429 vehicles last month despite a 31% rise in overall EV sales. Year-to-date, […]
Austin, Texas, Tuesday, April 23, 2024 – In an internal memo obtained by Reuters, Tesla CEO Elon Musk announced a significant workforce reduction, targeting over 10% of the company’s global employees. This move comes amid reports of slowing sales growth and an intensifying price war within the electric vehicle market. The memo reportedly cites the […]
Catenaa, Monday, June 09, 2025- Tesla stock was hit by two downgrades on Monday as analysts claim Elon Musk’s electric-vehicle company is facing a highly uncertain political outlook. “Looking ahead, we are concerned that the war of words between President Trump and Elon Musk, along with expiration of EV credits, could further weaken demand for […]
Catenaa, Wednesday, February 26, 2025- Tesla lost its $1 trillion market cap on Tuesday, as news of its vehicle sales falling 45% in January pushed its stock prices down 8%. European Automobile Manufacturers’ Association said Tesla sold 9,945 vehicles in Europe in January, a 45% fall from the same period one year ago, as Tesla’s share of […]
Catenaa, Wednesday, April 02, 2025- Tesla reported well below first quarter global deliveries as demand issues hit the company amidst price concerns from tariff hikes. For the quarter, Tesla reported 336,681 deliveries vs. 390,342 estimated, making it the worst quarter for deliveries since the second quarter of 2022. “While the changeover of Model Y lines […]
Catenaa, Thursday, June 05, 2025- Tesla shares dropped by over 10% on Thursday as US President Donald Trump and Elon Musk feuded over the tax bill. “I’m very disappointed, because Elon knew the inner workings of this bill better than almost anybody sitting here, better than you people,” Trump said to reporters in the Oval […]
Catenaa, Monday, July 07, 2025- Traders are set to make about $1.4 billion in paper profits from their short positions in Tesla shares on Monday after CEO Elon Musk’s plans to launch a new political party. The company’s shares slumped 7.3% on Monday after Musk’s political move, which followed an open feud with Donald Trump […]
Catenaa, Wednesday, July 30, 2025- Tesla has signed $4.3 billion deal with South Korea’s LG Energy Solution to supply the EV maker with energy storage system batteries, cutting reliance on China. Quoting sources, Reuters reported on Wednesday that the lithium iron phosphate (LFP) batteries will be supplied from LGES’s US factory in Michigan. LGES announced […]
Catenaa, Wednesday, March 19, 2025-Tesla shares fell another 5% Tuesday, continuing a steep downward trend as Wall Street analysts raised concerns about the electric vehicle maker’s global sales and competitive standing, particularly in China. The stock’s decline follows a 5% drop on Monday, extending a losing streak that could mark nine consecutive weeks of losses. […]
Catenaa, Monday, June 23, 2025- Tesla stocks gained about 10% on Monday after its driverless Robotaxi finally hit the road over the weekend. The EV giant debuted autonomous rides in Austin, Texas, on Sunday, opening the service to a limited number of riders by invitation only. CEO Elon Musk said in a post on the […]
Catenaa, Thursday, April 17, 2025- Tesla shares have officially entered a “death cross,” a technical indicator that often signals extended market weakness, amid a turbulent stretch for the electric vehicle maker, a report said. The development, flagged this week by Business Insider, occurs when a stock’s 50-day moving average falls below its 200-day moving average. […]
Austen, Texas, Wednesday, May 1, 2024 – The shares of Tesla surged 12% on April 24, 2024, with Elon Musk’s discourse of accelerating new roll-ups for affordable electric vehicles in 2025, according to a report by Reuters. The loss of the company’s financial incomes was ignored by Wall Street due to the contribution of the […]
Catenaa, Friday, July 25, 2025- Tesla was told staff on Thursday that it plans to launch its Robotaxi service in San Francisco this weekend, Business Insider reported. Quoting an internal memo by Tesla, the report said that the company said its timeline for the launch had been moved up, and the service could launch as […]
Catenaa, Tuesday, June 24, 2025 – Tesla has launched its first commercial Robotaxi service in Austin, Texas, offering fully driverless rides to select users in what CEO Elon Musk called the “culmination of a decade of hard work.” However, reports now say that regulators are questioning certain safety features of the taxi. The pilot, which […]
DETROIT, Thursday, May 2, 2024 – Tesla Inc. (TSLA) on April 24 offered a glimpse into the future of its ride-hailing ambitions, unveiling a potential smartphone application for its Robotaxi service. The service would utilize Tesla’s fleet of electric vehicles equipped with autonomous driving technology. The company showcased a mock-up of the app during its […]
Catenaa, Monday, May 12, 2025- US stocks such as Tesla and Nvidia, which were battered by the trade war between Trump and China, were trading higher on Monday after talks reduced tariffs. Two days of trade talks between the US and China have led to a 90-day pause on tariffs, with duties set to drop […]
Catenaa, Tuesday, April 01, 2025- Top 10 global corporations saw a 13.2% decrease in their market value to $18.64 trillion in the first quarter of 2025, LSEG data said on Tuesday, making the biggest drop in market values since June 2022. The prolonged surge in tech stocks, which had been a key driver of equity […]
Catenaa, Monday, April 21, 2025- The US stock market declined on Monday after President Donald Trump warned of economic slowdown unless the Federal Reserve cuts interest rates. “With these costs trending so nicely downward, just what I predicted they would do, there can almost be no inflation, but there can be a SLOWING of the […]
Catenaa, Thursday, July 17, 2025- Uber will invest $300 million in EV maker Lucid in a robotaxi deal that aims to take on Tesla and Waymo, the companies said on Thursday. Over six years starting in 2026, Uber will acquire and deploy over 20,000 Lucid Gravity SUVs that will be equipped with autonomous vehicle (AV) […]
Catenaa, Tuesday, March 04, 2025– US stocks fell in the early hours on Tuesday, after President Donald Trump’s promised tariffs tool effect. The Dow Jones Industrial Average dropped by over 765 points, or 1.77% after 2 hours into the market opening, while the S&P 500 fell 1.75%. The tech-heavy Nasdaq inched down 1.57 The policy taxes […]
Catenaa, Friday, June 13, 2025- US stocks fell on Friday as Israel’s attack on Iran’s nuclear facilities shook global markets, leading oil prices and gold prices to spike amidst uncertainty. The Dow Jones Industrial Average tumbled roughly 1.4%, the S&P 500 dropped 0.9%, while the Nasdaq Composite fell by 0.9%, as investors withdrew from riskier […]
Catenaa, Monday, May 19, 2025- US Stocks fell on Monday after Moody’s downgraded the US credit rating last week, causing Treasury yields to spike. The Dow Jones Industrial Average was down by 0.15% or 65 points, the S&P 500 was down by 0.4%, while the Nasdaq Composite shed 0.5%. On Friday, Moody’s downgraded the US […]
Catenaa, Monday, June 16, 2025- US stocks rebounded sharply on Monday after a selloff on Friday, amid a report that Tehran is looking to de-escalate the conflict with Israel. The Dow Jones Industrial Average rose roughly 1.1% %, while the S&P 500 also moved up 1.1%. The Nasdaq Composite gained 1.5%. The cautious optimism follows […]
Catenaa, Wednesday, April 23, 2025- US stocks were up across the board on Wednesday after President Trump said that he has no intention of firing Fed Chair Jerome Powell. Market also reacted to reports that Trump is considering slashing steep tariffs on China, even though Treasury Secretary Scott Bessent denied the claims and said that […]