Elon Musk says car maker paused activity at its U.S. plant because of parts shortages but has restarted operations. Read More

The electric-car maker may have paused production of its Model 3 in California. Read More

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Elon Musk confirmed that Tesla has received “high demand” for the new refreshed Model S and Model X. The CEO says that the automaker will increase production with a second shift in order to meet demand, in a new email to employees obtained by Electrek. Earlier today, we shared a report stating that Tesla has […] Read More

The biggest tech losers include Tesla, Nvidia and AMD. Read More

Tesla has been leading the Chinese EV market since starting production at its factory in Shanghai, but now it’s being outsold by a weird little affordable electric car. It’s hard to overstate the impact that Tesla’s Gigafactory Shanghai had on the EV market in China. The California-based automaker saw its sales more than double in […] Read More

Following its massive merger with SPAC CCIV, Lucid Motors’ CEO revealed the deliveries of its Air EV have been pushed back to later in 2021. Read More

Tesla (NASDAQ: TSLA) has had a rare down streak of days during trading sessions in the final full week of February. As a result, short-sellers of the automaker’s stock have pocketed a $3.5 billion profit, but they’re still losing big in the grand scheme of things. For the week, Tesla is down around $79, or […] Read More

SEC investigates Elon Musk for Dogecoin tweets Read More

Tesla CEO Elon Musk is reportedly under SEC scrutiny again, and this time, it’s over some alleged cryptocurrency manipulation, especially Dogecoin. Tesla, Elon Musk, and the SEC Musk and the SEC have had a few run-ins with each other, and it was rarely with a good outcome. Most famously, the SEC filed a lawsuit against […] Read More

Both Tesla and Bitcoin have created massive wealth for investors in the last decade. Which asset class should you bet on right now? Read More

(Bloomberg) — The rout in popular technology shares accelerated after the 10-year Treasury rate spiked 15 basis points, rattling investors already on edge about the threat of inflation.Tesla Inc. dropped 5.5% to erase its 2021 gains. The Ark Innovation ETF pushed its four-day rout past 15%. Peloton Interactive Inc. cratered 18% in the same time. Zoom Video Communications Inc. is on its longest-ever losing streak and at a two-month low.Carnage is spreading among the previously high-flying stay-at-home darlings that drove 2020’s historic stock rebound as the lastest surge in yields took the 10-year rate past 1.5% for the first time in a year. For the likes of Tesla, Zoom and other pandemic winners that notched triple-digit gains last year, anxieity is mounting that the group year won’t be able to justify elevated valuations.“It all has to do with the rise in long-term rates,” said Matt Maley, chief market strategist at Miller Tabak + Co. “Since higher rates are negative for techs, it’s having a bigger impact on them. Also, higher rates have a bigger impact on the names that have seen the biggest moves.”Thursday’s rout in stocks popular among retail traders and hedge funds alike came as the broader universe of technology stocks took another beating. The Nasdaq 100 Index sank 3.4% to the lowest since October. Small caps in the Russell 2000 also plunged more than 3%.The rate rise came as vaccine rollouts and a likely federal spending bill prompted economists up and down Wall Street to ratchet up their 2021 growth forecasts, fueling inflation worries. While strong economic growth is generally positive for stocks, if rates rise too quickly, it can spook investors.“The trajectory of the increase is giving some equity investors pause about what if yields keep going up at this rate,” David Donabedian, chief investment officer at CIBC Private Wealth, said in a phone interview. As the 10-year yield began to spike following a weak auction of seven-year notes, equity traders rushed to the exits. A net of 1,739 stocks were on a down tick at one point, the second-biggest bout of coordinated selling of the year.“It’s pretty ugly,” said Mike Bailey, director of research at FBB Capital Partners. “We are seeing another correction fitting with a pattern we saw in September and October. My sense is we are in the latter innings of this third beatdown for big tech.”For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P. Read More

Tesla might be the biggest meme stock of them all. The electric-car maker’s stock price appears strongly connected to how many people are talking about it on Reddit’s WallStreetBets Read More

The Dow Jones fell as the 10-year Treasury yield surged. Tesla stock dove as EVs struggled. Boeing stock and Apple stock plunged. GameStop took off again. Read More

Hyundai will recall 82,000 electric cars globally to replace their batteries after 15 reports of fires involving the vehicles. Despite the relatively small number of cars involved, Hyundai’s recall is one of the most expensive in history, signaling how electric car defects could create hefty costs for automakers — at least in the near future. Read More

LG is reportedly preparing to produce Tesla’s new 4680 battery cell at a pilot production line at its own factory in South Korea. When Tesla unveiled its plan to produce its own new tabless battery cell in a bigger format with a new chemistry using its own machinery designed in-house last year, some people misunderstood it as […] Read More

Tesla has reportedly halted production of its Model 3 production in California for two weeks. Read More

Recent reports from South Korea have indicated that LG Energy Solutions, a wholly-owned subsidiary of LG Chem, is building a pilot 4680 battery production line for Tesla. The pilot line is reportedly being constructed quickly, with the project potentially entering operations ahead of Japanese rival Panasonic, which is poised to launch its own 4680 cell […] Read More