Cryptocurrencies

“Tesla buys $1.5 billion in bitcoin, plans to accept it as payment”

“In a filing with the Securities and Exchange Commission, the company said it bought the bitcoin for “more flexibility to further diversify and maximize returns on our cash.” Tesla also said it will start accepting payments in bitcoin in exchange for… Continue Reading…

Economy

“Dow Jones Jumps 400 Points… Nio, Tesla Race To Record Highs”

“The Dow Jones Industrial Average briefly jumped 400 points… Nio and Tesla stock again raced to record highs, but Nio reversed sharply lower in morning trade. Best Buy tumbled after reporting earnings ahead of the stock market open.Volume 0% Among… Continue Reading…

Stocks

“Tesla Deal Sends Lithium Stock Soaring 236%” [9/28/20]

“Shares of aspiring lithium minerPiedmont Lithium soared Monday after the company signed a deal with Tesla. The deal is a sign that Tesla is focused on the supply chain for electric-vehicle batteries. The move also shows what can happen when… Continue Reading…

Business

“As Tesla surges 600% off its 2020 low, meet the next electric car newcomer going public”

“Electric vehicle companies are enjoying an incredible moment in 2020, spearheaded by Tesla (TSLA), which saw shares surge 600% from their March lows, and Chinese rival Nio (NIO), also enjoying a similar 700% pop. Investors also battled over shares in… Continue Reading…

Business, Stocks

“Tesla, world’s most valuable auto maker, is now worth more than Walmart”

“Tesla Inc.’s market value has surpassed retail behemoth Walmart Inc. after an astounding surge in the electric vehicle maker’s shares over the past five months. The stock, which touched a low of about $350 in March, has almost quintupled since… Continue Reading…

Stocks

“Tesla shares slide 9% as traders take profits from 2020′s high-flying stocks”

“…The stock dropped 9%, building on a 5% decline from the previous session. Friday’s losses put Tesla on track for its first back-to-back weekly decline since early May; the stock was also headed for its worst day since May 1.… Continue Reading…

Stocks

“Tesla stock is now pricier than shares of Google’s Alphabet”

“Tesla Inc. TSLA, 0.68% shares on Monday rose more than 14%, headed for a record high and trading above shares of Google’s parent Alphabet Inc. GOOG, -1.42% GOOGL, -1.45% and Priceline.com’s Booking Holdings Inc. BKNG, -1.49%. The stock’s one-day gain is its best since a 16% jump in March. The rally… Continue Reading…

Business

“Elon Musk is now worth more than Warren Buffett as Tesla stock continues to break records”

“Tesla CEO Elon Musk is now the seventh-richest person in the world, surpassing legendary investor Warren Buffett, as Tesla’s stock continues to skyrocket.  Musk surpassed Buffett on Friday after Tesla shares hit an all-time high, giving Musk a net worth of… Continue Reading…

Stocks

“Dow Jones Futures Jump On Memorial Day…”

“Dow Jones futures rose solidly Monday morning, along with S&P 500 futures and Nasdaq futures, with U.S. markets closed for Memorial Day. The coronavirus stock market rally powered ahead last week, with the Nasdaq composite nearing all-time highs. Apple (AAPL), Microsoft (MSFT), Google parent Alphabet (GOOGL), Tesla (TSLA)… Continue Reading…

Stocks

“Tesla Stock Jumped 20%. It Makes No Sense.”

“Tesla shares rose almost 20% Monday, hitting another all-time high. The question is why? The move, frankly, baffled investment pros… But first a run down of recent numbers. They are incredible. Monday was the largest percentage increase in Tesla (ticker: TSLA) stock since May… Continue Reading…