Tesla CEO Elon Musk threw his money and influence behind Donald Trump.He gave speeches, hosted rallies in swing states, posted frequently on X, and funneled at least $119 million into a pro-Trump super PAC called America PAC.When Trump won the election, Tesla's stock soared. Its share price is now up nearly 33% year to date.Advertisement On Tuesday, President-elect Trump announced that Musk would take on an advisory role and co-lead the Department of Government Efficiency, or DOGE, alongside the entreprene ...

Electric vehicle giant Tesla Inc TSLA has often been a favorite of short sellers. These investors may have lost big if they continued to bet against the Elon Musk-led company ahead of and after the 2024 presidential election.What Happened: Investors betting against Tesla have lost big with the stock soaring after Donald Trump won the 2024 presidential election.After a previous report of short sellers losing $5 billion since the election, the total has now jumped to $7.8 billion according to data from S3 Par ...

Dan Ives just revealed why the incoming Trump administration could be good for the technology sector.For the last couple of weeks, the capital markets featured some pretty outsize volatility as the outcome of the presidential race between Vice President Kamala Harris and former President Donald Trump looked like a toss-up. But now that the outcome is clear, investors surely are thinking about the changes an incoming Trump administration could bring.During a recent interview with Yahoo! Finance, Wedbush Secu ...

Key TakeawaysTesla shares have surged since Donald Trump's election last week, amid investor hopes that CEO Elon Musk's close ties with the president-elect will benefit the company.Trump has tapped Musk to co-lead a newly created Department of Government Efficiency, an agency tasked with reducing government expenditure and slashing excess regulations.The stock broke out above the top trendline of a cup and handle pattern last week on the highest trading volume since early July, indicating the potential for ...

ToplineTesla has recalled more than 2,400 Cybertrucks over a defective drive inverter that may cause a loss of driving power, increasing the risk of a crash, according to a regulatory filing Wednesday—the sixth notice issued for Tesla’s pickup truck so far this year.The automaker has recalled the pickup truck for issues with accelerator pedals, malfunctioning ... [+] windshield wipers and more.Anadolu via Getty Images Key FactsThe recall affects 2,431 Cybertrucks manufactured between Nov. 6, 2023, and July ...

Tesla is recalling 2,431 Cybertrucks to replace defective drive inverters, according to notices made public by the National Highway Traffic Administration on Wednesday.It's the sixth recall of the Cybertruck since the angular steel pickup went on sale about a year ago. The Cybertruck sells in the U.S. for a base price of around $80,000.Tesla addressed the previous Cybertruck recall with an over-the-air software update to fix an issue that caused images from the truck's backup cameras to not display correctl ...

Tesla Inc (NASDAQ:TSLA) stock has been in focus since Donald Trump's presidential election victory. CEO Elon Musk is a prominent supporter of the president elect, attending his rallies and donating millions to his campaign. Now, Trump has asked Musk to co-lead his new Department of Government Efficiency.TSLA was last seen up 0.3% to trade at $329.30, eyeing its sixth gain in the last seven sessions. The equity has taken a breather from its Nov. 11, two-year high of $358.64, but has added more than 92% in t ...

Ark Invest funds have been selling the electric vehicle maker's stock over the last few weeks and reinvesting the proceeds into Amazon.Over the last several years, Cathie Wood of Ark Invest has emerged as one of Wall Street's most intriguing personalities.Most portfolio managers emphasize concepts found in textbooks such as valuation multiples or intrinsic value. Wood is different. Ark Invest offers investors access to a host of exchange-traded funds (ETFs), the majority of which are comprised of emerging t ...

In Brief Tesla’s Cybertruck is facing its sixth recall since its launch a year ago. The recall affects 2,431 units, including certain 2024 Cybertrucks built between November 6, 2023 and July 30, 2024. A report from Tesla found that those trucks are or were equipped with a faulty drive inverter.  “If the inverter stops producing torque, the driver loses the ability to apply torque to the vehicle using the accelerator pedal resulting in a loss of propulsion, which may increase the risk of a collision,” reads ...

Tesla finally hit a speed bump after a blistering post-election rally.After a dramatic bull run following the election of Donald Trump last week, Tesla (TSLA -6.00%) shares are finally cooling off today, pulling back in line with a broader sell-off as the S&P 500 is headed for its first decline since the election.There was no major company-specific news out on Tesla, though Hertz Global again offered evidence that demand for electric vehicles (EVs) isn't as strong as bulls have hoped. Investors appear to be ...