General Motors annual earnings outlook tops estimates

Tesla China (TSLA) offers cash discounts on select Model Y EVs

February 1, 2024 8:56 AM EST

Tesla (NASDAQ: TSLA) China moves to attract more customers by offering cash discounts and introducing cutting-edge hardware upgrades for its popular Model Y vehicles.

The company announced a cash discount of 8,000 yuan ($1,114) for specific types of Model Y vehicles, starting from Thursday,... More

Tesla’s (TSLA) Elon Musk seeks shareholder vote to incorporate in Texas

February 1, 2024 8:18 AM EST

In a late Wednesday announcement, Tesla CEO Elon Musk revealed plans to conduct a shareholder vote to decide whether to shift its state of incorporation to Texas.

Musk conducted an informal poll on X (formerly Twitter), where over 80% of respondents favored the move. Following this, Musk expressed the... More

Tesla (TSLA) continues to fall in pre-market after judge rejects CEO Musk's $56B compensation package

January 31, 2024 9:02 AM EST

Shares of Tesla (NASDAQ: TSLA) are trending down almost 3% in pre-market trading Wednesday morning as the market continues to process the news out of Delaware where a judge ruled to void Elon Musk's $56B pay package.

A Delaware judge supported investor plaintiffs who... More

Ark's Cathie Wood buys Tesla (TSLA) on 12% dip

January 30, 2024 12:22 PM EST

In the face of Tesla's (NASDAQ: TSLA) recent market turbulence, Ark Invest, led by Cathie Wood, has doubled down on its support for the electric vehicle (EV) giant.

The investment firms Ark Innovation ETF (ARKK) purchased 148,246 Tesla shares on Thursday, while the Ark Next Generation Internet ETF (ARKW) added 29,624 shares. The combined total of... More

GM surges as CEO promises greater shareholder returns

January 30, 2024 11:56 AM EST

Shares of General Motors (NYSE: GM) jumped nearly 9% in early trading Tuesday after management revealed an upbeat outlook for 2024 and signaled that more capital will be returned to shareholders.

GM CEO Marry Barra highlighted strategies aimed at giving back cash to shareholders, such as a $12 billion allocation in 2023 through a $10 billion share buyback and a 33% dividend... More

Ford Motor (F) Trades Higher in Sympathy with General Motors (GM)

January 30, 2024 7:19 AM EST

Ford (NYSE: F) Trades Higher in Sympathy with General Motors (NYSE: GM)

GM +8% Following ResultsF +2.7%Stellantis (NYSE: STLA) +2.3%
... More