Tesla (TSLA) shares are moving higher this afternoon after Baird analysts highlight several of the EV maker's latest growth drivers, including its Cybertruck announcement and its business dealings in EV charging deals. AMC Entertainment (AMC) sees its stock tanking despite its getting the green light from Delaware's chancery court for its stock conversion plan for its Preferred Equity units (APE). Yahoo Finance's Jared Blikre and Diane King Hall take a look at several of the stocks trending ahead of Monday's closing bell.
Tesla stock rises, AMC's stock conversion: Trending stocks
08/22/2023 03:04
Tesla (TSLA) shares are moving higher this afternoon after Baird analysts highlight several of the EV maker's latest growth drivers, including its Cybertruck announcement and its business dealings in EV charging deals. AMC Entertainment (AMC) sees its stock tanking despite its getting the green light from Delaware's chancery court for its stock conversion plan for its Preferred Equity units (APE). Yahoo Finance's Jared Blikre and Diane King Hall take a look at several of the stocks trending ahead of Monday's closing bell.
Reuters
Tesla says two ex-employees behind May data breach
Data exposed by the breach was leaked to German media outlet Handelsblatt, Steven Elentukh, Tesla's data privacy officer, said in a submission to Maine's attorney general office. Handelsblatt told the carmaker that it had received confidential information, which included identifiable information like name, address, phone number and social security numbers, Tesla said in the submission dated Aug. 18.
American City Business Journals
Tesla facility in Baltimore County to lay off 55 workers
Tesla Inc. will lay off 55 workers at a Hunt Valley facility that appears to be part of its clean energy division. Tesla’s layoffs will impact workers at its facility located at 336 Clubhouse Road in Hunt Valley, according to a notification filed with Maryland’s Work Adjustment and Retraining Notification (WARN) log last week. The company name on the WARN log is listed as Tesla, but public documents indicate the facility may be part of the Austin, Texas-based firm's Tesla Energy Operations Inc. Tesla (NYSE: TSLA) could not be reached for comment on this story.
Benzinga
Electric Pickups Are Upleveling The Power Of EVs
The electric pickup is more than this year’s trend and landmark, it is a testament to the evolving needs of modern and eco-conscious society. From Rivian Automotive Inc (NASDAQ: RIVN) whose R1T has already hit to the road to the eagerly anticipated Cybertruck that Tesla Inc (NASDAQ: TSLA) is slated to release by the end of the year, these mighty vehicles promise to redefine the way we travel while powering us to explore previously inaccessible terrains. With the latter, of particular use will be