Leveraged ETFs linked to Tesla and other key stocks saw sharp declines due to market pressures including earnings anticipation, rising short interest, corporate actions like reverse stock splits, and legal investigations. Tesla-related ETFs dropped nearly 30%, driven by investor caution ahead of earnings and increased short selling. Energy and tech stocks like Liberty Energy and Shutterstock also fell despite mixed earnings and ongoing legal scrutiny. These factors combined to create significant market volatility and investor uncertainty.
The US National Highway Traffic Safety Administration (NHTSA) will start creating new safety rules for automakers to ensure drivers and passengers can safely exit vehicles. This move follows incidents, including fatal ones, where people were trapped ...
Tesla's stock dropped 14.1% following a quarterly earnings report that beat revenue estimates but fell short on earnings per share, leading to an $18.6 billion decrease in Elon Musk's net worth. Analysts criticized Tesla's heavy spending on AI and ro...
The S&P 500 dropped below its 50-day moving average amid a selloff driven by oil prices hitting $100 per barrel and rising U.S. Treasury yields, which pushed the 10-year yield to 4.70%. This spike increased fears of Federal Reserve interest rate hike...
Tesla has started production of Optimus, a humanoid robot that learns tasks by observing humans rather than relying on pre-written code. CEO Elon Musk highlighted that unlike other robots, Optimus can perform generalized tasks by learning from contin...
Tesla reported strong vehicle delivery growth and increased Full Self-Driving (FSD) subscriptions in Q2, but profitability declined due to lower average selling prices and higher expenses. The company’s future growth potential remains promising with ...
