The SEC and Elon Musk have agreed to settle a lawsuit accusing Musk of violating securities law by failing to timely disclose his stake in Twitter before his 2022 purchase. Musk's revocable trust will pay a $1.5 million civil penalty as part of the settlement, which still requires court approval. The SEC claimed Musk's late disclosure allowed him to buy Twitter shares at artificially low prices, disadvantaging other investors. This follows previous legal issues Musk faced with the SEC and ongoing lawsuits related to his business activities.
Tesla is increasingly valued for its Optimus humanoid robot project, which could revolutionize labor economics by enabling automation at under $2 per hour and encouraging industrial reshoring. This represents a shift away from traditional valuation b...
Tesla is set to report its Q2 earnings amid challenging conditions including strong competition from Rivian targeting Tesla's core SUV market and high market expectations that have already priced in strong delivery results. Despite beating delivery f...
Chip stocks, including Intel and Texas Instruments, are bouncing back after a 20% decline, lifting the Nasdaq ahead of crucial earnings reports this week. Alphabet's move to develop AI chips is boosting tech sentiment, but the market remains cautious...
Wall Street is preparing for a volatile week with major earnings reports from Big Tech companies like Alphabet and Tesla, which are seen as key tests for the AI-driven market rally. Over 70 S&P 500 companies, including IBM, Intel, and American Expres...
Tesla is rebounding near its long-term support around $397, suggesting a potential bounce after recent sideways trading. NVIDIA is holding support at $200 and its 50-day EMA, with $215 as a key resistance level to watch. Apple has surged from $275 to...
