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Tesla, Inc. News & Breaking Stories

U.S. stocks close higher; Dow Jones Industrial Average up 0.25%
  • 12th Sep 2023

U.S. stocks close higher; Dow Jones Industrial Average up 0.25%

Tesla, CVS Health, and Qualcomm were the top performers on the S&P 500, while Rtx Corp, JM Smucker Company, and Newell Brands were the worst performers. Rising stocks outnumbered declining ones on the NYSE and Nasdaq. Shares in Rtx Corp, JM Smucker Company, Walgreens Boots Alliance, Intel Corporation, Tenon Medical, Crinetics Pharmaceuticals, and Solowin Holdings either reached 52-week lows or all-time lows. The CBOE Volatility Index was down, while gold futures and crude oil prices fluctuated.

2024 Tesla Model 3 Unveiled with New Face, Cabin, and More
  • 1st Sep 2023

2024 Tesla Model 3 Unveiled with New Face, Cabin, and More

The highly anticipated Tesla Model 3 has been unveiled, featuring a new look and improved range in response to customer feedback. The redesign includes a redesigned front fascia for better aerodynamics and reduced drag, resulting in a 5-8% boost in range. The base version can now drive up to 344 miles, while the Long Range version can go as far as 421 miles. The Model 3 also includes updates to the cabin, such as a 15.4-inch touchscreen and ventilated front seats. The car is expected to hit the market early next year.

Bitcoin price drops 8% amidst ongoing cryptocurrency decline
  • 18th Aug 2023

Bitcoin price drops 8% amidst ongoing cryptocurrency decline

Bitcoin's price fell by nearly 8% in an hour of frenzied trading, erasing most of its gains since June. The sell-off coincided with news that Elon Musk's SpaceX had written down the value of its bitcoin holdings by $373mn and sold the cryptocurrency. The volatility comes as US regulators crack down on the sector and as expectations of interest rate cuts by the Federal Reserve are reassessed.

Elon Musk unveils new logo 'X' as a replacement for Twitter's blue bird
  • 24th Jul 2023

Elon Musk unveils new logo 'X' as a replacement for Twitter's blue bird

Elon Musk unveils new "X" logo to replace Twitter's blue bird as part of a major rebranding effort. The move has alienated users and advertisers, leaving Twitter vulnerable to competition. Musk aims to create an "everything app" similar to China's WeChat. Critics argue the rebranding is a risky move that may confuse users and erase brand recognition. However, some analysts believe it could drive engagement and appeal to new audiences.

Rivian's Shares Plummet
  • 4th Jul 2023

Rivian's Shares Plummet

Small EV manufacturer Rivian struggles financially and faces tough competition.

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