Tesla (TSLA) stock is running up as 12% in Wednesday's market session even though the EV maker reported a first-quarter earnings miss on its top and bottom lines. Tesla CEO Elon Musk's comments on the earnings call seem to be the main catalyst driving shares higher as he hinted that affordable electric vehicles from the company could be on the horizon. Although many Wall Street teams are skeptical of the timely release of a cheap EV from Tesla, Kevin Paffrath — a financial analyst and YouTuber who posts content on his channel "Meet Kevin" — is optimistic about seeing a "very hope-filled Elon" and the odds of Tesla refreshing its product inventory. "We've got all of 2024 to set an EPS [earnings per share] floor. So there's plenty of time to buy, in my opinion, and then the dial mover is vehicle growth again," Paffrath explains. Getting more vehicles out on the road would give Tesla the data necessary to build out its full self-driving infrastructure for an eventual robotaxi launch, Paffrath elaborates while he is unsure about a robotaxi deployment in Tesla' near-term. For more expert insight and the latest market action, click here to watch this full episode of Wealth! This post was written by Luke Carberry Mogan.
WASHINGTON (AP) — President Joe Biden picked up the endorsement of North America’s Building Trades Unions at a Wednesday event where the president and his allies set out to dismantle Republican Donald Trump's reputation as a successful real estate developer. “Donald Trump is incapable of running anything,” said Sean McGarvey, the organization’s president. “God help us if he gets anywhere near the White House in the future.” The event, held in a Washington hotel ballroom with a boisterous crowd o
NEW DELHI (AP) — The hugely popular Chinese app TikTok may be forced out of the U.S., where a measure to outlaw the video-sharing app has won congressional approval and is on its way to President Biden for his signature. In India, the app was banned nearly four years ago. Here's what happened: WHY DID INDIA BAN TIKTOK? In June 2020, TikTok users in India bid goodbye to the app, which is operated by Chinese internet firm ByteDance. New Delhi had suddenly banned the popular app, alongside dozens o
TORONTO — Ontario's environment ministry has ordered a Sarnia-area chemical company to get its benzene emissions under control after a neighbouring First Nation raised concerns. Aamjiwnaang First Nation is surrounded by industrial facilities and has long pushed for greater monitoring and action to protect their air quality and earlier this month they said data showed elevated levels of benzene. The provincial environment ministry has issued a compliance order to INEOS Styrolution Sarnia, which p
Symbol | Last Price | Change | % Change |
---|---|---|---|
Symbol | Last Price | Change | % Change |
---|---|---|---|
Symbol | Last Price | Change | % Change |
---|---|---|---|
Symbol | Last Price | Change | % Change |
---|---|---|---|
Symbol | Last Price | Change | % Change |
---|---|---|---|
Symbol | Last Price | Change | % Change |
---|---|---|---|
Symbol | Last Price | Change | % Change |
---|---|---|---|
Symbol | Last Price | Change | % Change |
---|---|---|---|