The stock market posted its third consecutive day of gains, after reports that the U.S. may delay imposing tariffs on Mexican goods next week. An afternoon rally left the three major stock indexes up moderately. The Entrepreneur Index closed the day up 0.61 p…
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NIO Continues Its Slide: Here’s Why It Dropped on Thursday
What happened Shares of NIO(NYSE: NIO), one of China’s leading electric-car makers, were down more than 10% in afternoon trading on Thursday, June 6. As of this writing near the close of business, shares have regained some of their losses but remain on track…
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Tesla Insider Picks Worst Possible Time for Stock Dump, Loses $1 Million
By CCN: Tesla stock is enjoying a roaring rebound this week. After months of slumping, Tesla is finally revving up. TSLA shares are nearly five percent higher this afternoon and have soared more than 15 percent from the recent bottom. One key Tesla insider i…
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Tesla’s Blockbuster 73% Sales Spike Isn’t Fooling Anyone. It Changes Nothing.
By CCN: Morgan Stanley analyst Adam Jonas buried the lede in remarks on Wednesday, in which he touted Teslas 73 percent year-over-year increase in US sales for the month of May. Don’t be fooled by spiking numbers Jonas noted that Tesla delivered 11,300 vehi…
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Tesla Rakes Billions From GM & Fiat Chrysler to Fund Secret Cash Stash
By CCN: Tesla reportedly funds itself by selling credits to traditional auto manufacturers. Tesla sells fewer units, which are more efficient by lightyears, so it has excess government credits to sell, which other members of the industry, including GM lap up.…
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