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Tesla billionaire Elon Musk declares a “financial emergency” as a $35.7 trillion “debt bomb” triggers a Bitcoin price boom to rival gold


Tesla billionaire Elon Musk declares a “financial emergency” as a .7 trillion “debt bomb” triggers a Bitcoin price boom to rival gold

Tesla billionaire Elon Musk, who surprised traders this week with a shocking Bitcoin endorsement, has repeatedly warned in recent weeks that the US is on the brink of “bankruptcy.” Unlock over $3,000 in perks, including unparalleled access to a community of top Web3 entrepreneurs, creators and investors, giving you world-class networking, priority access to global […]

Elon Musk increased his net worth by $30 billion in a single day after declaring “Tesla will become the most powerful company in the world”


Elon Musk increased his net worth by  billion in a single day after declaring “Tesla will become the most powerful company in the world”

Elon Musk, already the world's richest man, saw his wealth jump by a staggering $34 billion in a single day on Thursday, cementing his lead at the top of the ultra-rich rankings. The rise in his net worth followed a blockbuster earnings report from Tesla that sent the company's stock soaring 22%, marking its best […]

Tesla, Lloyds, Capri, Deckers and Mercedes-Benz


Tesla, Lloyds, Capri, Deckers and Mercedes-Benz

Electric car maker Tesla had its best day on the market in over a decade on Thursday due to the company's surprisingly solid results. Shares ended Thursday's session up almost 23%, giving Tesla a market valuation of $836 billion (£644 billion). CEO Elon Musk's net worth rose by $33.5 billion, extending his lead as the […]

Wall Street is expecting the next monster quarter


Wall Street is expecting the next monster quarter

Tesla stock (TSLA) jumped on Thursday on several positive statements from the electric vehicle maker in its third-quarter report. From a third-quarter profit increase and improving margins to an improving growth outlook, a favorable electric vehicle update and the launch of a robotaxi, there's a lot for analysts to complain about for a company whose […]

Tesla reports profit growth due to higher sales and lower costs


Tesla reports profit growth due to higher sales and lower costs

Tesla beat analysts' expectations with its third-quarter results, improving investor sentiment that has lagged since the disappointing launch of the company's robotaxi prototype earlier this month. Tesla reported net income of $2.2 billion in the quarter ended Sept. 30, up 17% from the same quarter last year. Operating income rose 54% to $2.7 billion, with […]

Tesla stock's 17 percent rally adds $20 billion to Elon Musk's net worth


Tesla stock's 17 percent rally adds  billion to Elon Musk's net worth

Topline The world's richest person got a lot richer on Thursday as Tesla CEO Elon Musk saw a big rally in Tesla shares after the electric vehicle maker's latest earnings report encouraged Wall Street. Tesla CEO Elon Musk (center) is more than $50 billion richer than anyone else. AFP via Getty Images Important facts Tesla's […]

Tesla shares rise 13% after CEO Elon Musk announces his sales forecast


Tesla shares rise 13% after CEO Elon Musk announces his sales forecast

Shares of Tesla rose more than 13% before the opening bell on Thursday after CEO Elon Musk told investors he expects the company's electric vehicle sales to rise 20% to 30% next year as it prepares for the Introduction of more affordable models is underway. Tesla, whose market capitalization reached nearly $670 billion at the […]

Tesla Stock Jumps 13% After Third Quarter Earnings Surge, Elon Musk's 'Best Guesses'


Tesla Stock Jumps 13% After Third Quarter Earnings Surge, Elon Musk's 'Best Guesses'

In this story Tesla (TSLA) The stock remains strong in trading on Thursday after the company reported earnings that largely surprised Wall Street and Elon Musk issued a new round of bullish forecasts. Prada makes spacesuits for NASA and the price is out of this world The automaker reported improved operating margins, automotive gross margins […]

Tesla delivers solid Q3 results as Musk's company returns to profit growth – shares jump 12%


Tesla delivers solid Q3 results as Musk's company returns to profit growth – shares jump 12%

Topline Tesla posted higher third-quarter profits than Wall Street expected on Wednesday, as Elon Musk's electric vehicle maker reported its first year-over-year profit growth for 2024, to investors' delight. Tesla CEO Elon Musk appears at a Pennsylvania town hall supporting Donald Trump. Getty Images Important facts According to FactSet, Tesla posted adjusted earnings per share […]

Tesla shares are rising due to increased profits in the third quarter


Tesla shares are rising due to increased profits in the third quarter

Tesla (TSLA) reported mixed third-quarter results after the bell on Wednesday, but shares jumped in after-hours trading as investors cheered a rise in profits, higher gross margins and news that Tesla's cheaper electric vehicle is on its way to production is next year. For the quarter, Tesla reported revenue of $25.18 billion, up from $25.4 […]