cleantechstocks
Tesla (NASDAQ:TSLA) shares rose on Monday (April 29) morning following the announcement that Chinese authorities have approved the company’s advanced driver-assistance technology. The company was up 11.88 percent from Friday’s (April 26) close at US$188.29 as of the opening bell. CEO Elon Musk made a surprise trip to China over the weekend as the Beijing auto show ended. Soon after his landing, news broke that the company’s advanced driver-assistance technology has successfully met China’s strict data security requirements, leading to the removal of previously placed Tesla car restrictions tha...
Investing News Network
The first quarter of 2024 brought a robust performance from the stock market, with the S&P 500 (INDEXSP:.INX) achieving a notable 10 percent gain — its largest Q1 advance since 2019. Investor confidence during this period appeared to be buoyed by expectations that the US Federal Reserve will lower interest rates this year. However, reports on gross domestic product, job growth and consumer pricing indicate inflation may be persistent, contributing to Fed Chair Jerome Powell’s cautious approach to lowering interest rates. On the cleantech side, BloombergNEF reported that clean energy investment...
Investing News Network
All eyes were on Tesla (NASDAQ:TSLA), a key player in the electric vehicle (EV) market, as investors awaited the much-anticipated release of its first quarter results on Tuesday (April 23). Despite its prosperous past, Tesla has experienced a shift in fortunes over the past year. It has struggled to maintain its position among the so-called Magnificent 7, a group of high-performing tech stocks that drove major indexes in 2023. Amid decreased demand for EVs, higher competition among EV makers and a string of controversies that have followed the company and CEO Elon Musk throughout the years, Te...
Investing News Network
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