Data showed the U.S. economy expanded 2.8% in the second quarter versus estimates of 2%, but inflation subsided, leaving intact expectations of a September rate cut.
Read More Wall Street mixed as investors weigh GDP data after tech mauling
Tag: Tesla
Musk to discuss $5 billion xAI investment with Tesla board
Elon Musk said he will discuss a $5 billion investment in AI startup xAI, as the EV maker looks to double down on efforts to expedite the development of its robotaxi and self-driving products.
Read More Musk to discuss $5 billion xAI investment with Tesla board
Ford pivots from EV plans to heavy-duty trucks at Canada facility
Ford outlined plans to use a Canadian plant earmarked for future electric vehicles to instead build larger, gas-powered versions of its F-Series pickup truck.
Read More Ford pivots from EV plans to heavy-duty trucks at Canada facility
Report: Elon Musk To Donate $45M A Month To Trump Super PAC Following Assassination Attempt
Tesla founder Elon Musk has announced he plans to donate $45 million per month to a super political-action committee backing the former president.
Read More Report: Elon Musk To Donate $45M A Month To Trump Super PAC Following Assassination Attempt
S&P 500, Nasdaq notch record highs with inflation data, earnings in focus
The Nasdaq and the S&P 500 hit record highs on Monday, while the Dow scaled a more than one-month high as investors awaited a key inflation report.
Read More S&P 500, Nasdaq notch record highs with inflation data, earnings in focus
Tesla investors to urge judge to reject record $7 bln legal fee in Musk pay case
The record fee request was made by investor Richard Tornetta on behalf of three law firms that represented him, including Bernstein Litowitz Berger & Grossmann.
Read More Tesla investors to urge judge to reject record $7 bln legal fee in Musk pay case