Money

Tesla shares tumble as Musk fails to deliver

Published

1 year ago

March 2, 2023

ticker NEWS

Tesla shares have slid more than five per cent as Elon Musk fails to wow investors about his company’s future

Tesla boss Elon Musk fronted shareholders today, outlining the company’s ambitions into 2023 and beyond.

The EV maker has bold plans to cut assembly costs by half for future generations of cars, but did not set a date on when exactly an affordable electric vehicle will be on the market.

Shares fell more than five per cent in after hours trade following the investor day, held at Tesla’s Texas headquarters.

Led by Musk, more than a dozen company executives discussed everything from a plan for the globe to embrace sustainable energy to innovation.

In an attempt to show the depth of the executive bench beyond Musk, the presentation also featured an array of senior engineers, including the new global production chief.

The company was expected to lay out a plan to make a more-affordable electric vehicles to help broaden the brand’s appeal and fend off competition.

But his never happened. #trending #featured

Money

Why the meme-stock frenzy is unlikely to repeat

Published

3 days ago

May 14, 2024

Nathan Langridge

GME shares surge 74%, but experts stress a meme-stock frenzy resurgence is unlikely due to fundamental differences in the company’s financial situation.

Australia’s budget unveils a second consecutive surplus of A$9.3 billion, prioritising the critical minerals industry and green energy initiatives to reduce reliance on Chinese supply.

Also, GameStop shares have surged 74%, but experts caution against expecting a repeat of the 2021 meme-stock frenzy. #featured #trending

Money

Why are airlines after the Biden Administration?

Published

3 days ago

May 14, 2024

Nathan Langridge

Major airlines are taking legal action against the Biden administration over a newly implemented rule requiring them to disclose fees upfront.

On this episode of Hot Shots – Major airlines are suing the Biden Administration, AI-piloted fighter jets, SpaceX faces funding challenges, and Apple receives crushing feedback.

Ticker’s Ahron Young & Veronica Dudo discuss. #featured #trending

Money

The mounting pressure on Government spends

Published

4 days ago

May 13, 2024

ticker NEWS

Questions abound regarding the factors fueling this inflation surge in Australia and whether it correlates with the escalating government expenditures.

Concerns extend to how Chalmers navigates the mounting pressure amid discrepancies in spending allocations.

Moreover, as Australians grapple with the reality of rising living costs, the feasibility of cutting spending becomes a pressing issue. Additionally, amidst economic uncertainties, individuals seek guidance on managing stock market risks effectively. #Featured #Trending