Electric vehicles are poised to transform nearly every aspect of transportation, including fuel, carbon emissions, costs, repairs, and driving habits. The primary impetus now is decarbonization to address the climate change emergency, but it soon may shift to…
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Month: October 2019
Tesla overtakes GM as most valuable U.S. automaker — and short sellers get burned
Tesla shares soared 17% on Thursday after the electric carmaker surprised Wall Street by delivering on Chief Executive Officer Elon Musk’s promise of a profit in the third quarter, even as doubts remained about its long-term prospects. Trading at $298, Tesla…
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Tesla’s stock rally is costing short sellers $1.4 billion
Tesla Inc. shares zoomed toward their highest level in months after the Silicon Valley car maker surprised Wall Street with a quarterly profit, but at least one corner of the equity market was licking its wounds on Thursday. Tesla TSLA, +17.15% short se…
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NewsWatch: Stock market set to climb toward records on busiest day of earnings season
U.S. stock benchmarks on Thursday look poised to rise in a session that will mark the busiest day of the third-quarter earnings season and one that will see a key European central banker bid adieu in his final policy meeting of an eight-year tenure. See full …
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The Ratings Game: Microsoft earnings show company can ‘weather any storm,’ analyst says
Analysts found few things to gripe about in Microsoft Corp.s latest earnings report as the stock ticked slightly higher in premarket trading Thursday. The company posted earnings that easily topped estimates late Wednesday but showed that growth rates for t…
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