Tesla (TSLA) shares are trading higher after CEO Elon Musk announced the company will offer US customers a free trial of its driver-assist technology. The announcement comes at a time when consumers are less willing to spend on EVs after a first wave of adoption. Autopilot software was the subject of a recall of 2 million Tesla vehicles in December 2023. Yahoo Finance anchors Akiko Fujita and Josh Lipton discuss whether the new incentives will cut it for EV-hesitant consumers. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Editor’s Note: This article was written by Gabriel Roy.
Tesla (TSLA) shares are trading higher after CEO Elon Musk announced the company will offer US customers a free trial of its driver-assist technology. The announcement comes at a time when consumers are less willing to spend on EVs after a first wave of adoption. Autopilot software was the subject of a recall of 2 million Tesla vehicles in December 2023.
Yahoo Finance anchors Akiko Fujita and Josh Lipton discuss whether the new incentives will cut it for EV-hesitant consumers.
For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
Editor’s Note: This article was written by Gabriel Roy.
Shares of Lucid Group jumped Monday after the EV maker said it secured a $1 billion investment from an affiliate of the Public Investment Fund, Saudi Arabia's sovereign wealth fund. The company said Ayar Third Investment will purchase 100,000 of its series A convertible preferred shares in a private placement. The convertible preferred stock would represent about 12% of Lucid's issued and outstanding common stock.
Apple has been hit with a flurry of new consumer lawsuits accusing the iPhone maker of monopolizing the smartphone market, piggybacking on a sweeping antitrust case lodged by the U.S. Justice Department and 15 states last week. At least three proposed class actions have been filed since Friday in California and New Jersey federal courts by iPhone owners who claim Apple inflated the cost of its products through anticompetitive conduct. The lawsuits, seeking to represent millions of consumers, mirror the Justice Department's claims that Apple violated U.S. antitrust law by suppressing technology for messaging apps, digital wallets and other items that would have increased competition in the market for smartphones.
Tesla stock was leading the Magnificent Seven group of megacap technology companies higher. Shares of the electric vehicle maker were up 5.4% in morning trading. It was the top performer among the Magnificent Seven, which besides Tesla includes Apple, Microsoft, Google parent Alphabet, Amazon, Nvidia, and Meta Platforms.
Livetraders.com founder Anmol Singh shares his analysis on why Tesla stocks are standing out from the traditional finance market and his thoughts on Cathie Wood's $1.5 million price target for bitcoin. Plus, his Algorand outlook and insights on the biggest mistakes traders make.
U.S. oil refiner Phillips 66 is exploring a sale of its 25% stake in the Rockies Express Pipeline that it hopes could be worth more than $1 billion, including debt, people familiar with the matter said on Tuesday. The Rockies Express Pipeline (REX) is a 1,700-mile interstate natural gas pipeline, stretching from Wyoming and Colorado in the Western U.S. to Eastern Ohio. Phillips 66 is working with its advisers on talks with potential buyers, which include private equity firms and infrastructure funds, the sources said, requesting anonymity as the discussions are confidential.
Robert F. Kennedy Jr. has picked Nicole Shanahan, a California lawyer and philanthropist who's never held elected office, to be his running mate in his independent bid for president, he announced on Tuesday. An unconventional choice, Shanahan, who is 38, brings youth and considerable wealth to Kennedy's long-shot campaign but is little known outside Silicon Valley. Shanahan leads Bia-Echo Foundation, an organization she founded to direct money toward issues including women's reproductive science, criminal justice reform and environmental causes.
