Elon Musk’s company Tesla said on Wednesday that it expects to achieve slight growth in vehicle deliveries this year and reported a higher-than-expected profit margin for the third quarter, sending shares up 5% after hours.
Read More Tesla Shares Soar After Company Announces Better-Than-Expected Profit Of $2B
U.S. stock indexes sagged on Tuesday as rising Treasury yields impacted rate-sensitive sectors, while investors evaluated earnings to assess the health of American companies.
Read More Wall Street tumbles as yields jump; Verizon slides
Spirit AeroSystems will tell employees that it will furlough 700 workers for 21 days as an over month-long strike at U.S. planemaker Boeing eats into the supplier’s cash and inventory space
Read More Exclusive: Spirit Aero to furlough 700 workers for 21 days due to Boeing strike
Elon Musk, who is currently the wealthiest person in the world, donated an additional $75 million to presidential candidate Donald Trump and other Republicans to help support the GOP in the upcoming November elections.
Read More Elon Musk Donates $75M To Help Boost Trump’s Campaign
Billionaire tech mogul Elon Musk unveiled a glimpse into the future on Thursday night, featuring the Tesla “CyberCab,” a self-driving taxi with a minimalist and futuristic exterior, a Musk-approved “robovan” with a 20-person capacity, and the latest model of cutting edge Optimus humanoid robots.
Read More Elon Musk Unveils New CyberCab, Robovan, And ‘Drink-Serving’ Humanoid Robots At Event
The S&P 500 rose and the Dow hit a record high on Friday, driven by gains in major banks following third-quarter results.
Read More S&P 500, Dow rise on boost from big bank earnings