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, 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, 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, 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, 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, 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, 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 […]
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, 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, 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, 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 […]