Dow Jones futures rose overnight, along with S&P 500 futures and Nasdaq futures, with Netflix (NFLX) subscriber growth in focus and Tesla earnings looming. X The stock market rally attempt added to gains Tuesday but closed well off highs in a volatile session. Reports of Apple (AAPL) iPhone production didn’t […]
Tesla
VW shifts funding focus to software to catch Tesla
Under the new five-year plan, VW is plowing substantially more money into digitalization including artificial intelligence and autonomous vehicles. Here the funding will be doubled to 27 billion euros from the previous sum proposed only a year ago. While funds in this field are being hiked by 100 percent, the […]
Why Tesla could surge another 52% in a best-case scenario, according to one analyst (TSLA)
Daniel Ives of Wedbush increased his bull-case price target on Tesla to $2,500, implying a roughly 52% surge from where shares traded on Thursday. Tesla on Wednesday reported second-quarter earnings that exceeded Wall Street’s expectations and showed its fourth consecutive quarterly profit, paving the way for inclusion in the S&P […]
Tesla Gigafactory Texas is ‘happening full speed’, says president of automotive, lots of job openings
Tesla president of automotive Jerome Guillen says that “Gigafactory Texas is happening at full speed” as the automaker is already announcing a lot of job openings. After Tesla finally confirmed a site next to Austin for its next factory in the US last month, the automaker started moving quickly. A […]