Tesla Shares Stage Tepid Recovery on Buy the Dip Bounce yahoo.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from yahoo.com Daily Mail and Mail on Sunday newspapers.
(Bloomberg) Tesla Inc. shares wiped out their year-to-date gains Tuesday and briefly traded below the level where they were when the electric-carmaker entered the S&P 500 Index in December.The stock dropped as much as 13% to $619 in New York, its biggest intraday decline since Sept. 8, before paring much of the loss to close down 2.2%. The stock was down 31% from its Jan. 25 record intraday high at its lowest point on Tuesday.Tesla’s early-week decline amid a wider market selloff was fueled in part by Chief Executive Officer Elon Musk’s comments over the weekend that the prices of Bitcoin and smaller rival Ether “do seem high.”“Tesla is an EV play entering the golden age of EVs and there is a lingering worry that the Bitcoin sideshow could overshadow the overall EV growth story playing out for Tesla in 2021 and beyond,” Wedbush analyst Daniel Ives wrote in a note to clients.The concerns over the value of the cryptocurrency helped erase s
Tesla Slips, Mazda Rises in Consumer Reports Rankings
Bloomberg 2/19/2021 Skylar Woodhouse and Keith Naughton
(Bloomberg) Tesla Inc. fell in Consumer Reports’ latest auto brand rankings, outdone by Mazda Motor Corp.’s mainstream models.
The electric-car maker dropped five spots from last year’s report to rank No. 16 the middle of the pack in the closely watched annual assessment based on road tests, reliability data, owner satisfaction surveys and safety performance. While Tesla scored high on customer satisfaction and road testing, its vehicles were less reliable than others, according to Jake Fisher, senior director of automotive testing for the Yonkers, New York-based magazine.
Tesla to Start Making Cars in India, Targeting Vast Market yahoo.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from yahoo.com Daily Mail and Mail on Sunday newspapers.