Elon Musk achieves another goal. The Boring Company completed its second Las Vegas tunnel. This comes as Musk faces strong opposition from the authorities due to the reopening of the Tesla factory in Fremont.
About 11,100 Tesla employees were affected in two Fremont locations. 5,850 of them were production associate positions. 156 workers got under blow in Lathrop. TSLA stock is down now.
Tesla (TSLA) stock price fell slightly yesterday as the automaker reopened its Fremont factory despite lockdown orders.
Despite a slight decline, some analysts believe that new peaks for Tesla stock price are on the horizon. The company may soon move the headquarters out of California, which will save millions of dollars for Elon Musk in taxes.
Elon Musk has always had a very negative opinion about the coronavirus-related shutdown orders. Now he wants to relocate Tesla operations from California to other states. Meanwhile, TSLA stock went up on Friday.
Tesla (TSLA) stock prices dropped at the end of the trading day yesterday after Elon Musk indicated that the production of the Roadster sportscar will be delayed.
General Motors (GM) stock has climbed as the company announced its earnings report from the first quarter of 2020. General Motors reported $294 million in profit.
Ferrari recently released its earnings report. RACE stock rose yesterday as a result of the news. This makes Ferrari one of the most valuable car companies in the world by capitalization.
Airlines stocks slid further on Monday after investor Warren Buffett said that Berkshire Hathaway exited its stakes in four of the largest U.S. air carriers American, United, Delta and Southwest airlines due to the coronavirus.
Tesla reported Q1 results, including a $16 million profit. A Covid-19 outbreak in China forced the company to suspend manufacturing in Shanghai for more than a week in February, and in the U.S. at the end of March. TSLA stock jumped 9% after hours.
Tesla rival Nio hasn’t lowered its annual forecast as a result of the coronavirus. At the time of writing, NIO stock is 12% up.
Ford (F) stock price fell about 5% at the news of its losses in Q1. Poor earnings results are mostly related to the COVID-19 situation.
As Tesla (TSLA) stock market value reached a six-month average of $96 billion, it becomes closer to a $100 billion market-cap milestone. This means Elon Musk is in line for a stock-option grant and a vast options payday. TSLA is 2.45% up in the pre-market.
Tesla has released a new software update for its customers who are having the hardware-3-equipped Tesla models. This update detects signals on cross-roads and automatically stops the car as required. TSLA stock rose 10% on Monday.
On April 29, Tesla will release the first-quarter 2020 earnings. Analysts have already made their predictions, and now we have to wait to see whether Tesla has beat their expectations or not. Today TSLA stock is down in the pre-market.