Jury finds Musk, Tesla not liable in securities fraud trial following ‘funding secured’ tweets

Tesla CEO Elon Musk and his security detail depart the company’s local office in Washington, January 27, 2023. Jonathan Ernst | Reuters Elon Musk and Tesla were found not liable by a jury in a San Francisco federal court on Friday in a class-action securities fraud trial stemming from tweets Musk made in 2018. The … Read more

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Biden administration expands EV tax credits in boost for Tesla, Cadillac, others

A Tesla Model Y on display inside a Tesla store at the Westfield Culver City shopping mall in Culver City, California, U.S., on Thursday, April 14, 2022. Bing Guan | Bloomberg | Getty Images DETROIT – The U.S. Treasury said Friday it is changing its definition of an “SUV” to make more electric vehicles from … Read more

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There’s a buzz about green hydrogen. But pink, produced using nuclear, may have a huge role to play too

Both pink and blue have been used to differentiate between different methods of hydrogen production. Eve Livesey | Moment | Getty Images From Tesla’s Elon Musk to European Commission President Ursula von der Leyen, the past few years have seen many high-profile names talk about the role hydrogen may — or may not — play … Read more

View More There’s a buzz about green hydrogen. But pink, produced using nuclear, may have a huge role to play too

Twitter will start charging developers for API access as Elon Musk seeks to improve monetization

Elon Musk tweet displayed on a phone screen and Twitter logo displayed on a screen in the background are seen in this illustration photo taken in Krakow, Poland on December 21, 2022 Jakub Porzycki | Nurphoto | Getty Images Twitter will start charging developers to get access to its API, a vital tool that powers … Read more

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Gautam Adani slips to 15th in global rich list – Times of India

NEW DELHI: Adani Group chairman Gautam Adani, who stood at the 10th spot on the Forbes Real-time billionaire list for 2023 after being overtaken by Reliance Industries Chairman Mukesh Ambani on Wednesday, further slipped and came to the 15th spot on the list.According to the Forbes list, Adani’s current net worth is USD 75.1 billion … Read more

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These stocks have been hit the hardest by Fed rate hikes — now they could rally if there’s a pause

Some stocks have been bigger casualties than others of the Federal Reserve’s campaign to lift interest rates — and what the central bank says at the conclusion of this week’s two-day policy meeting on Wednesday could mean the difference between a rally and a further rout for those companies. The Fed kicked off its meeting … Read more

View More These stocks have been hit the hardest by Fed rate hikes — now they could rally if there’s a pause

Tesla shares rose 30% last week. Here’s where Wall Street sees it going next

It’s been a game of two halves for Tesla over recent months. Just last week, the electric-vehicle maker’s stock leaped by more than 30% following its earnings announcement . This year so far, Tesla shares are up by around 44%. These moves come on the back of a couple of developments: last week the company … Read more

View More Tesla shares rose 30% last week. Here’s where Wall Street sees it going next

How the Supreme Court could soon change free speech on the internet

Bloomberg Creative | Bloomberg Creative Photos | Getty Images When Elon Musk announced his offer to buy Twitter for more than $40 billion, he told the public his vision for the social media site was to make sure it’s “an inclusive arena for free speech.” Musk’s actions since closing the deal last year have illuminated … Read more

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Elon Musk vs Joe Biden? The curious case of brushing cold shoulders

Elon Musk and Joe Biden aren’t best friends. They aren’t supposed to be either, many would say. But for the world’s wealthiest person and one of the most powerful politicians to be rather lukewarm towards each other may also be rather out of the ordinary. But that’s just how it is between the Tesla CEO … Read more

View More Elon Musk vs Joe Biden? The curious case of brushing cold shoulders

Berenberg upgrades Tesla, says price cuts are part of a broader strategy

Tesla is a beaten-down stock worth buying now following price cuts, according to Berenberg. Analyst Adrian Yanoshik upgraded the stock to buy from hold. Yanoshik lowered his price target by $55 to $200, which still implies a 12.4% upside from where the stock closed Friday. He lowered his earnings estimate by around 25% for 2023 … Read more

View More Berenberg upgrades Tesla, says price cuts are part of a broader strategy