A person wearing a protective glove holds a bag outside Shake Shack during the coronavirus pandemic on April 20, 2020 in New York City. Noam Galai | Getty Images Most analysts on Wall Street are telling clients to stay away from shares of fast-food chain Shake Shack or hotel chains like Hyatt and Marriott International. However, Goldman Sachs loves them. …
Tesla’s Model Y compact crossover vehicles at a showroom in Shanghai, China, on January 18, 2021. VCG | Visual China Group | Getty Images Amid ongoing port constraints and rising shipping costs, Tesla CEO Elon Musk urged employees Friday, in a company-wide email obtained by CNBC, to look for ways to reduce the cost of delivering electric vehicles to customers, …
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SpaceX founder and Tesla CEO Elon Musk visits the construction site of Tesla’s gigafactory in Gruenheide, near Berlin, Germany, May 17, 2021. Michele Tantussi | Reuters Tesla CEO Elon Musk sold about $1.05 billion in stock on Tuesday evening, according to financial filings posted this week. The sales were scheduled in September to exercise options that were set to expire in …
Cathie Wood — known for her innovation ETFs that garnered billions in inflows during the pandemic — said Ark Invest is internally testing a fund that takes the strategy a step further by simultaneously betting against major stocks in the benchmarks that are being disrupted. “We’re testing out a portfolio, but it’s really Ark on steroids,” Wood told CNBC’s “Squawk …
Xpeng CEO He Xiaopeng stands next to the company’s P7 electric sedan as he addresses media at the 2020 Beijing auto show. Evelyn Cheng | CNBC BEIJING — Chinese electric car start-up Xpeng plans to become a global automaker, with half of vehicle deliveries going to countries outside China, vice president and chairman Brian Gu said Wednesday. “As a company …
Elon Musk, Tesla CEO, stands in the foundry of the Tesla Gigafactory during a press event. year. Patrick Pleul | picture alliance | picture alliance | Getty Images Tesla will spend over $1 billion on a new vehicle factory in Austin, Texas, and aims to complete construction of several major elements of the complex by Dec. 31, according to construction …
The logo marks the showroom and service center for the US automotive and energy company Tesla in Amsterdam on October 23, 2019. John Thys | AFP | Getty Images Tesla has hired David Misler as a new managing counsel, according to his LinkedIn profile. Misler is a former trial attorney for the Securities and Exchange Commission and previously worked for the …
A Rivian R1T electric pickup truck during the company’s IPO outside the Nasdaq MarketSite in New York, on Wednesday, Nov. 10, 2021. Bing Guan | Bloomberg | Getty Images Some of the year’s hottest tech IPOs including Rivian, Affirm and Roblox plummeted in the market on Monday, as the tech-heavy Nasdaq sank into the negative. Meanwhile, the S&P 500 and …
Here are the most important news, trends and analysis that investors need to start their trading day: 1. Dow set to bounce after Friday’s decline capped a rough week Traders work on the floor of the New York Stock Exchange (NYSE) on November 15, 2021 in New York City. Spencer Platt | Getty Images Dow futures gained nearly 100 points …
