Tesla reported vehicle deliveries and production levels for the second quarter that significantly surpassed Wall Street expectations, as Elon Musk’s automaker seeks to recover from consecutive annual declines in auto sales. Here are the essential figures: Total Q2 vehicle deliveries amounted to 480,126. Total Q2 vehicle production: 451,758 Analysts had anticipated approximately 406,600 deliveries, as Read More
The Delaware Supreme Court ruled on Friday that Elon Musk’s 2018 CEO pay package from Tesla, valued at approximately $56 billion upon vesting, must be reinstated. The judges stated in their opinion, “We reverse the Court of Chancery’s rescission remedy and award $1 in nominal damages.” The Delaware Supreme Court judges determined that the lower Read More
The S&P 500 experienced a slight decline of 0.11%, concluding at 6,198.01, whereas the Nasdaq Composite fell by 0.82%, finishing at 20,202.89. The blue-chip Dow stood out, increasing by 400.17 points, or 0.91%, to close at 44,494.94. Traders sold off technology behemoths like Nvidia and Microsoft, redirecting their capital towards health-care companies. Amgen and UnitedHealth Read More
Following the release of quarterly results by two Big Tech companies, stock futures increased on Wednesday. Dow Jones Industrial Average-linked futures increased by 138 points, or 0.3%. Nasdaq 100 futures increased 1.3%, while S&P 500 futures increased 0.8%. Due to higher-than-expected sales in the first quarter, Meta Platforms saw a more than 5% increase in extended trading. Read More
