NVIDIA Reports Record Quarterly Revenue and Announces Forward Stock Split
NVIDIA reports record quarterly revenue of $26.0 billion, with a 262% surge from the same period last year. The company announces a ten-for-one forward stock split and a 150% increase in quarterly cash dividend. CEO Jensen Huang discusses the role of NVIDIA in driving the next industrial revolution through AI factories. NVIDIA’s strategic initiatives, including the Blackwell platform and Spectrum-X, position the company for continued growth and innovation in the AI landscape.
Tesla Faces Stock Market Challenges Amid Promising EV Market Potential
Despite recent challenges, Tesla remains a top pick for long-term investors in the electric vehicle market. With its stock facing a decline due to various factors, including cooling demand for EVs and delays in new model development, Tesla’s market cap of $558 billion showcases its significance in the industry. Warren Buffet’s advice to ‘be greedy when others are fearful’ rings true for investors looking to capitalize on potential growth opportunities by holding onto Tesla shares during its current dip.
Global EV Registrations Surge in March 2024, BYD Qin Plus Among Top Performers
Global electric vehicle (EV) registrations surged by 19% in March 2024, surpassing 1.3 million new units. The BYD Qin Plus stood out in the global EV ranking, securing the third position with 52,305 registrations. Tesla Model Y led the pack with 118,985 registrations. BYD’s pricing strategy helped them secure seven models in the top 10, while Volkswagen (VW) Group and Audi also made their mark in the top 20. Notable performances included the Jeep Wrangler PHEV, indicating a growing interest in plug-in hybrid models globally.
Hertz’s Troubles with 30,000 Used Teslas
Learn about the challenges faced by Hertz after acquiring 30,000 used Teslas, including safety concerns, repair bills, and financial losses. Find out how the rental-car company is struggling to recover from its Tesla investments during a turbulent market period.
Tesla Faces Staff Cuts Amid Speculation About Cash Position
Tesla, Inc. faces speculation about its cash position and liquidity following significant staff cuts. Despite concerns, Tesla’s innovative technology and strong brand presence keep it a key player in the electric vehicle market. Market watchers are eager to see how Tesla will address its cash position and maintain its growth trajectory.
Dedicated Tesla Worker Fired After Sleeping in Car to Meet Production Goals
Discover the shocking story of Nico Murillo, a dedicated Tesla worker who was fired despite his extreme commitment to the company. Learn about the challenges faced by employees in the corporate world and the harsh reality of mass layoffs at Tesla, affecting over 14,000 employees worldwide. Despite the uncertainties, there is hope for former employees to find new opportunities and achieve a better work-life balance in the future.
Stocks to Watch in Pre-Market Trading
Get ready for action in the stock market as Tesla, Verizon, Block, and Alcoa make waves in pre-market trading. Investors are eagerly awaiting the opening bell to see how these key players perform today. Stay tuned for updates on potential price fluctuations and market trends.
Tesla Stock Surges After Analyst Sets Price Target
Stay updated with the latest news and developments in the stock market with free breaking news alerts! RBC Capital analyst Tom Narayan reiterates an Outperform rating for Tesla, leading to a 9% surge in stock. Wall Street sees positive trends with Tesla and Apple stocks gaining, investors await Federal Reserve’s decision. Jefferies forecasts S&P 500 fair value at 4900 with potential surge to 5400. Sign up for more exclusive stock market news articles like this on StreetInsider.com Premium!
Tech Controversy: Facebook Co-Founder Accuses Tesla of Deceptive Practices Similar to Enron Scandal
Facebook co-founder, Dustin Moskovitz, accuses Tesla of deceptive practices similar to Enron scandal, stirring controversy in the tech industry. Despite lack of evidence, allegations about Tesla’s Full-Self Driving software and vehicle ranges have sparked heated debate. Elon Musk responds with insults towards Moskovitz on social media. The clash highlights concerns about transparency and accountability in the tech world.
Elon Musk’s Net Worth Plummets by $175 Billion as Tesla Stock Declines
Elon Musk, the CEO of Tesla, has faced a significant decline in his net worth, dropping by over $175 billion from its peak. This decline comes as Tesla’s stock has plummeted by 66% from its highest point, leading to a sharp decrease in Musk’s wealth. The share-price slump has caused Tesla’s market capitalization to drop from over $1.2 trillion to below $450 billion, significantly impacting Musk’s wealth due to his 13% stake in the company. Musk’s net worth has plummeted by $65 billion since the beginning of this year, placing him fourth in the wealth rankings behind Bernard Arnault, Jeff Bezos, and Mark Zuckerberg.