Panasonic has announced that it will cease solar manufacturing operations at the Tesla factory by the end of May. The TSLA stock price is falling.
As the competitor of Tesla, Nio is discussing its future with the Hefei govt, NIO stock gained 30% on Tuesday. Today the stock keeps growing.
Virgin Galactic stock dropped over 7% in the pre-market after the venture published its Q4 2019 results. The company did not meet the Wall Street’s expectations.
Tesla (TSLA) shares are now trading at $782.42. The stock has gained 171% in the past 12 months, and the current downfall is quite painful for the company.
As a result of coronavirus fears, Tesla (TSLA) stock is hit hard, while other companies are also suffering. Three major stock indexes have plunged.
Tesla’s expansion plans with higher manufacturing outcomes by the end of 2020 are currently in the doldrums as China’s automobile industry witnessed a 92% drop in sales due to the coronavirus outbreak. TSLA stock started falling.
Elon Musk’s SpaceX is going to raise an impressive sum of $250 million. It will help to add around $3 billion to the company’s valuation and bring it to the level of $36 billion.
The Cybertruck Owners Club has provided good evidence that as of February 18, Tesla has booked pre-orders for approximately 535,000 of these vehicles translating to 5,873 pre-orders daily. TSLA stock is in green.
Optimism over Tesla’s growing solar business has added more fuel taking the TSLA stock price above $900 billion. Some experts expect Tesla’s solar business to generate $165 billion in annual revenues in a few years from now.
Tesla (TSLA) stock has reacted positively to the news about the company’s talks with CATL, a Chinese producer of cobalt-free batteries.
Elon Musk has expressed displeasure with Bill Gates after the Microsoft founder revealed he bought a Porsche Taycan and not a Tesla. TSLA stock is rising.
Bombardier announced it will sell its rail division to Alstom, a France company, for $8.2 billion as it wants to focus on the aviation sector.
Analysts are closely watching Boeing’s plans as it reorganizes itself in coming out the 737 Max crash investigation. Boeing (BA) stock currently looks under pressure but Credit Suisse predicts no further downfall amidst growing positive news.
General Motors has announced it will be ceasing its operations in some international markets and concentrate on the profit-making regions. GM stock hasn’t reacted significantly.
Nissan stock has fallen to the lowest level in 10 years as the company has reported its earnings and is still under the pressure of the scandal surrounding former chairman Carlos Ghosn.