Tesla’s massive rebound changing gears on shares

Published

3 years ago

June 25, 2021

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Tesla Inc’s shares have made a massive rebound, up nearly 10 percent in three sessions – with the company set to erase losses from earlier in the year.

At the beginning of 2021, the electric vehicle manufacturer was wounded after investors moved away from growth stocks and attitudes towards the company shifted in the negative direction.

The losses followed concerns that other traditional automakers were catching up with Tesla, a reduction of sales in China and the continuing chip shortage crisis.

The new gains come as U-S President Joe Biden announces a brand new bipartisan infrastructure deal – which includes a massive investment for the E-V industry.

Tesla shares rose by 6.3 percent to $697 on Thursday, and closed up 3.5 percent.

The stock is now down just 3.7% this year.

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Warner Brothers & Discovery considers splitting up to boost stock value

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1 week ago

July 19, 2024

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Warner Bros Discovery is considering a strategic breakup to enhance its stock performance, according to a Financial Times report.

The potential move aims to unlock value by separating its media assets from its reality TV and lifestyle businesses.

This decision follows pressure from investors to improve stock performance, amidst challenges in the media industry #featured #trending

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Investors worldwide grow increasingly optimistic about Trump winning the election

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1 week ago

July 18, 2024

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Investors are increasingly optimistic about Donald Trump’s potential re-election, prompting a resurgence in the so-called ‘Trump trade’.

Market participants are closely monitoring Trump’s political strategies and public sentiment, influencing their investment decisions.

Kyle Rodda from Captial.com joins to discuss all the latest.

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Netflix expands use of ads despite slow subscriber growth

Published

1 week ago

July 18, 2024

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Netflix is intensifying its efforts to introduce an ad-supported tier amidst a plateau in subscriber growth.

The streaming giant hopes to attract new users and boost revenue by offering a cheaper alternative that includes advertisements.

This move marks a significant shift from its traditional ad-free model, reflecting Netflix’s response to competitive pressures and evolving consumer preferences.