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Amazon's Weak Sales Spoil Investors' Mood: ETFs In Focus
August 02, 2024
Shares of Amazon dropped as much as 8% in aftermarket hours on elevated volume. ETFs having a substantial allocation to this online behemoth have been in focus.
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Tesla Sees 24% Drop In California Registrations As EV Competition Heats Up
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Tesla Extends Model 3 Delivery Times In China: Report
July 17, 2024
Tesla Inc (NASDAQ: TSLA) has increased the delivery wait times for its Model 3 sedan in China to 3-5 weeks. The previous wait time was 2-4 weeks. The Model Y crossover's delivery time remains at 1-3...
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Tesla's 5G Patent License Lawsuit In UK Court Dismissed
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Tesla Inc. (NASDAQ: TSLA) lost its lawsuit in London against InterDigital Inc. (NASDAQ: IDCC) and Avanci, seeking a patent license for 5G vehicles in the UK. The High Court ruled in favor of...
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What's Going On With Sneaker Giant Nike's Shares Today?
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Bay Area Air Quality Management District has ordered Tesla to address air quality violations at its Fremont factory. The order follows recent accusations of harmful emissions without proper abatement.
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Tesla Sues Former Supplier Over Trade Secret Theft, Seeks $1B Compensation: Report
June 17, 2024
In a significant legal move, Tesla Inc. is reportedly suing Matthews International, claiming the company misappropriated Tesla's proprietary dry electrode battery technology to the detriment of Tesla's...
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Tesla's Largest Outside Investor Vanguard's Vote Switch Helped Pass Elon Musk's $56B Pay Package
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Vanguard, Tesla Inc.'s largest external investor, played a crucial role in approving CEO Elon Musk's $56 billion pay package at the recent shareholder meeting, reversing their initial stance due to...
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Benzinga
Nike's Bid To Trademark 'Footware' Thwarted By EU Court
June 13, 2024
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Benzinga
Amazon's $3.6B Pledge To Create 14K Affordable Homes in Key Metro Areas
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Amazon commits $1.4 billion to Housing Equity Fund, creating 14,000 affordable units in Seattle, Nashville, and Washington metro areas. Also invests in Taiwan for cloud services.
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Tesla's Elon Musk Accused Of Insider Trading In New Lawsuit
June 12, 2024
Elon Musk, CEO of Tesla Inc. (NASDAQ: TSLA), is accused in a new lawsuit of using insider information to profit from selling Tesla shares. The Employees' Retirement System of Rhode Island claims these...
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Nordic Brokerages Enable Voting At Tesla's AGM For The First Time
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Nordic brokerages like Avanza and Nordnet are allowing their clients to vote at Tesla's AGM for the first time, in response to high demand and Elon Musk's proactive stance on shareholder involvement....
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Nike's Multiyear Cost-Cutting Strategy Leads To Layoffs In Europe: Report
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Nike has reportedly initiated workforce reductions at its European headquarters in Hilversum, Netherlands, as part of a global cost-saving strategy to trim $2 billion. The company is cutting...
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Tesla Argues New Pay Plan For Musk Would Cost More: Report
June 03, 2024
Tesla Inc. (NASDAQ: TSLA) defends Elon Musk's $56 billion pay package, stating that a new compensation plan would be costlier.
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Has Tesla Re-prioritized Its EV Goal? A Change In Current Report Says So
May 23, 2024
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Benzinga
Amazon and AI startup Hugging Face Partner to Enhance AI Model Efficiency
May 23, 2024
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Benzinga
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Tesla Layoffs To Continue Through June, Morale Low Among Workers
May 20, 2024
Tesla Inc. (NASDAQ: TSLA) employees live in fear as layoffs continue through June. CEO Elon Musk's plan to cut at least 10% of the workforce has left employees anxious, uncertain of their job security....
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Benzinga
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Tesla Eyes Chinese Data Center To Boost Autonomous Driving Tech: Report
May 17, 2024
Tesla, led by Elon Musk, is reportedly eyes a data center in China to enhance its self-driving technology. This move aligns with their strategy to locally process data for the Full Self-Driving (FSD)...
Via
Benzinga
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Tesla Told To Face Autopilot Lawsuit In The Wake Of Safety Probes- Report
May 16, 2024
Tesla Inc. (NASDAQ: TSLA) faces a class-action lawsuit for allegedly misleading consumers about its self-driving technology. The lawsuit claims Tesla falsely stated in 2016 that future cars would have...
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Amazon's Upfront Presentation Highlights Strong Push into Movies and Sports Advertising: Analyst
May 15, 2024
Oppenheimer analyst reiterates Outperform rating on Amazon, highlighting pricey talent, heavy movie focus, and potential for ad revenue growth.
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Benzinga
Nike's Converse Brand Slashes Jobs As Part Of Cost-Cutting Move: Report
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Converse is reportedly reducing its workforce as part of Nike's $2 billion cost-saving plan. The layoffs, affecting 2% of Nike's global workforce, include cuts at Converse's Boston base. This move aims...
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Tesla Sued In California For Environmental Violations
May 14, 2024
Tesla Inc (NASDAQ:TSLA) faces mounting legal woes as an environmental nonprofit, the Environmental Democracy Project, files a lawsuit alleging violations of the Clean Air Act. The suit accuses Tesla's...
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