Dow Jones Drops 200 Points On Hot Inflation Data; Tesla Stock Falls Before AI Day

The Dow Jones Industrial Average trimmed sharp losses Friday morning on hot inflation data, which came from the personal consumption expenditure price index, heading into the final trading session of the quarter. Tesla stock rose before the company’s AI Day, while Micron Technology and Nike were key earnings movers. X Inflation Data The Federal Reserve’s … Read more

Dow Jones Futures: S&P 500 Hits Fresh Lows As Apple, Tesla, CarMax Dive, Nike Plunges Late

Dow Jones futures fell slightly Friday morning, along with S&P 500 futures and Nasdaq futures, with Nike (NKE) and Micron Technology (MU) earnings in focus and the Fed’s favorite inflation gauge on deck. X The stock market sold off hard Thursday, wiping out Wednesday’s gains. The S&P 500 hit fresh bear market lows. The Nasdaq … Read more

Tesla countersues Calif. agency behind race bias suit

(Reuters) — Tesla Inc. on Thursday countersued the California agency that has accused the electric carmaker of tolerating widespread race discrimination at its flagship assembly plant. Tesla in a complaint filed in state court in Alameda County said the California Civil Rights Department, which sued the company in February, adopted “underground regulations” allowing it to file the lawsuit without first notifying Tesla of the claims or giving the company a chance to settle. … Read more

Dow Jones Futures: Tesla, Shockwave, Other Resilient Stocks Buckle As Treasury Yields Soar

Dow Jones futures tilted higher overnight, along with S&P 500 futures and Nasdaq futures. The stock market closed lower Thursday, with resilient growth leaders selling off as Treasury yields skyrocketed. X Tesla (TSLA), Celsius Holdings (CELH), Shockwave Medical (SWAV), Enphase Energy (ENPH) and On Semiconductor (ON) are five holdout stocks that are now coming under … Read more

Tesla Recalls Nearly 1.1 Million Vehicles to Update Window Reversing Software

Tesla is recalling nearly 1.1 million U.S. vehicles because the window automatic reversal system may not react correctly after detecting an obstruction, increasing the risk of injury. The electric vehicle manufacturer told the National Highway Traffic Safety Administration (NHTSA) it would perform an over-the-air software update of the automatic window reversal system. The recall covers … Read more

Tesla recalls nearly 1.1M US vehicles to update window reversing software

(Reuters) — Tesla is recalling nearly 1.1 million U.S. vehicles because the window automatic reversal system may not react correctly after detecting an obstruction, increasing the risk of injury. The electric vehicle manufacturer told the National Highway Traffic Safety Administration it would perform an over-the-air software update of the automatic window reversal system. The recall covers some 2017-2022 Model 3, 2020-2021 Model … Read more

Dow Jones Futures Await Fed Rate Hike, But This Is What Matters; Tesla Flirts With Buy Points

Dow Jones futures were little changed overnight, along with S&P 500 futures and Nasdaq futures, with the Fed meeting announcement in focus. The major indexes retreated Tuesday as the Federal Reserve began its two-day policy meeting. X Tesla stock briefly flashed an aggressive buy signal, despite more signs of weaker-than-expected Tesla (TSLA) demand in China. … Read more

Tesla Battery Fire at PG&E Site Shuts Iconic California Highway

Article content (Bloomberg) — PG&E Corp. said a Tesla Inc. battery at the utility’s massive Moss Landing energy storage site caught fire early Tuesday, with the blaze shutting down a nearby stretch of California’s famed Highway 1. Article content California’s largest utility said the fire involved a single Tesla Megapack, and it was working with … Read more

Tesla Sued by Drivers Over Alleged False Autopilot, Full Self-Driving Claims

Tesla Inc. was sued on Wednesday in a proposed class action accusing Elon Musk’s electric car company of misleading the public by falsely advertising its Autopilot and Full Self-Driving features. The complaint accused Tesla and Musk of having since 2016 deceptively advertised the technology as fully functioning or “just around the corner” despite knowing that … Read more

Tesla sued over Autopilot, Full Self-Driving claims

(Reuters) — Tesla Inc. was sued Wednesday in a proposed class action accusing Elon Musk’s electric car company of misleading the public by falsely advertising its Autopilot and Full Self-Driving features. The complaint accused Tesla and Mr. Musk of having since 2016 deceptively advertised the technology as fully functioning or “just around the corner.” Briggs Matsko, the … Read more