Tesla stock has more room to run, says one technical stock market analyst.
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About 3% of Tesla shares available for trading have been sold short. The average for the rest of the Mag 7 stocks is closer to 1%.
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The EV maker announced plans to sell about 182 million shares of common stock.
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Tesla recently introduced new Megapack 3 and Megablock technologies for its energy storage business.
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Shares of lithium miner Albemarle dropped early Tuesday after a report that Chinese producer CATL would restart an idled mine.
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Tesla investors are waiting for the next catalyst for Tesla stock.
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Investors are focused on the company’s strategic direction, which goes beyond electric vehicles.
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The plan is moving lithium prices and lithium stocks.
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The company is trying to control costs to prepare for what Tesla CEO Elon Musk calls some “rough quarters” ahead.
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Tesla’s board is proposing a stock option grant equivalent to about 12% of Tesla’s shares outstanding.
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VinFast reports a second-quarter operating loss of $524 million from sales of $663 million.
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President Donald Trump will host a tech-themed dinner at the White House on Thursday. Elon Musk, it appears, won’t be there.
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The EV stock slid for a third consecutive day.
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Ford sold 8,724 Expeditions to Americans in August. That’s the best sales month for the large SUV in 21 years, according to the company.
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Salesforce CEO Marc Benioff recently visited Tesla’s robot facility where the company is working on AI-trained humanoid robots.
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The company reported its second-quarter deliveries and warned investors that it may not be able to survive as a “going concern.”
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Buyers are rushing to take advantage of the EV tax credit, which goes away at the end of September.
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Used EV prices point to more pain for Tesla, and EV makers, in the months ahead.
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NIO reports an adjusted operating loss of $567 million from sales of $2.7 billion. Wall Street was looking for a loss of about $620 million from sales of just over $2.7 billion.
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Investors continued to wrestle with weak electric-vehicle sales balanced by artificial intelligence-fueled growth potential.
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Nvidia stock extends declines, and PepsiCo rises after an activist investor builds a $4 billion stake in the beverages and snacks company.
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EV sales remain strong in China. But a brutal price war in pushing down profitability.
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The EV maker has been forced to offer steep discounts to defend its market share.
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EVs are on the precipice of mass adoption, Ben Rose writes in a guest commentary.
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The stock finds itself in an odd spot.
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