Tesla Inc. Chief Executive Elon Musk just sold nearly $3.6 billion more of the company’s stock, according to a filing with the Securities and Exchange Commission released late Wednesday. Musk Read more
Tag: Automobiles
U.S. consumer sentiment improves in December as inflation worries ease
The numbers: The University of Michigan’s gauge of consumer sentiment rose to a preliminary December reading of 59.1 from a November reading of 56.8. Economists polled by the Wall Street Read more
XPeng stock rockets toward record rally as bulls brush off bad results, outlook
The U.S.-listed shares of China-based electric vehicle maker XPeng Inc. skyrocketed Wednesday, as investors cheered changes in China’s COVID policy while shrugging off weak third-quarter results and a downbeat outlook. Read more
Chicago factory activity falls deeper into contraction territory in November
The Chicago Business Barometer, also known as the Chicago PMI, plummeted to 37.2 in November from 45.2 in the prior month. This is the lowest level since the pandemic hit in early 2020. Read more
COP27: U.S. on the hook to pay for pollution; natural gas deemed transition fuel
For the first time ever, rich nations, including a top-polluting U.S., will pay for the climate-change damage inflicted upon poorer nations. These smaller economies are often the source of the Read more
U.S. manufacturing sector losing steam
The numbers: U.S. industrial production fell 0.1% in October, the Federal Reserve reported Wednesday. The gain was below Wall Street expectations of a 0.1% gain, according to a survey by Read more
Tesla stock set to lose more than 8% this week as CEO Elon Musk completes another roller coaster week at Twitter
Tesla Inc. stock is looking at an 8% loss for the week, underperforming the broader stock market and auto peers as Chief Executive Elon Musk finished another roller-coaster week at Read more
Jeff Bezos helping fund U.N. effort to tag methane emitters with data from space
More help on tracking potent Earth-warming methane emissions will come from space, the United Nations said Friday, announcing a satellite-data system funded by Amazon’s Jeff Bezos, the U.S. government and Read more
Biden tightens methane emissions rule, but still wants more U.S. oil for now
The Biden administration has rolled out what it calls a “super-emitter response program” Friday that’s intended to push the fossil-fuel industry to control how much atmosphere-warming methane it spews into Read more
Tesla stock removed from Wedbush’s Best Ideas list over Twitter debacle; deal is an ‘agonizing cycle for investors to navigate’
Tesla Inc. stock was removed from Wedbush’s Best Ideas list on Thursday, with analyst Dan Ives citing the overhang from Chief Executive’s entanglement with Twitter Inc. “In what has been Read more