Elon Musk
Elon Musk Articles
Tesla is perhaps one of the most favorite cult stocks in the market today. It has consistently posted losses year after year, yet investors still flock to this company.
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Musk has no more than a few weeks to solve his Model 3 production problem, or Tesla's high-flying stock will come tumbling down.
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Tronc has bought the New York Daily News, United Technologies bought Rockwell Collins, Elon Musk predicted what could start Word War III, and other important headlines.
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In the most recent short interest report, Tesla saw the number of its shares short rise roughly 2% to more than 28 million.
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Analysts are looking at Tesla’s production numbers and whether Elon Musk can drive this company’s bread-and-butter product forward.
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When Tesla released its most recent earnings report late on Wednesday, investors were very impressed with the report, though analysts seemed skeptical.
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The head of Saudi Aramco said that oil prices eventually will rise, Elon Musk has unveiled the Tesla Model 3 and the new Spider-Man movie was a huge hit.
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Goldman Sachs has been cautious on Tesla for some time. Now the firm has become even more cautious ahead.
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When it comes to Tesla, the question for investors has long been why anyone would buy into a company that loses money.
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Elon Musk believes that the next stage of human advancement is on the horizon. His company SpaceX is setting its sights on Mars, but the future may be closer than that.
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Both Elon Musk of Tesla and SpaceX and Jeff Bezos of Amazon.com are in a race to get humans into space, perhaps as far away as Mars.
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Goldman Sachs lowered an already cautious rating and pessimistic price target on Tesla, citing some near-term challenges.
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Analysts are already predicting Tesla will report a net loss for the quarter, so more are interested in the production numbers that Musk’s company will report.
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Tesla Motors has been trading at the Elon Musk premium for a while, but it looks like it paid off this quarter, with Tesla setting new records for vehicle production, deliveries and revenue.
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Tesla Motors is scheduled to report its third-quarter financial results after the markets close on Wednesday.
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