Esha Dey

Business, Technology, Fuel, Autonomous

Tesla Slides on First Day of Trading on S&P 500 Index

A Tesla charging station is seen in the U.K. on Dec. 15. (Chris Ratcliffe/Bloomberg News) A Tesla charging station is seen in the U.K. on Dec. 15. (Chris Ratcliffe/Bloomberg News)

Tesla Inc. was among the biggest drags on the S&P 500 in its first day of trading on the benchmark.

Esha Dey | Bloomberg News
December 21, 2020
Business, Technology, Autonomous

Tesla Hits $500 Billion Mark; Musk Overtakes Gates

Tesla vehicles are displayed in a showroom in Manhattan in April 2019. Spencer Platt/Getty Images

Tesla Inc. is smashing through records as its impending addition to the S&P 500 Index has sparked a buying frenzy among investors, pushing the company’s market valuation over the $500 billion mark for the first time on Nov. 24.

Esha Dey | Bloomberg News
November 24, 2020
Government, Business, Technology, Fuel

EV Optimism Surges on Prospect of Biden Administration

The ElectraMeccanica Solo is a three-wheeled battery-electric vehicle. The ElectraMeccanica Solo is a three-wheeled battery-electric vehicle. (ElectraMeccanica Vehicles Corp.)

Electric vehicle startups extended their winning streak on Nov. 13, buoyed by strong earnings results from some of their peers and Joe Biden’s projected presidential win.

Esha Dey | Bloomberg News
November 13, 2020
Government, Business, Technology, Fuel

Election Outcome Could Stir Up Electric Vehicle Industry

Tesla vehicles charge at a station in San Mateo, Calif., on Sept. 22. Tesla vehicles charge at a station in San Mateo, Calif., on Sept. 22. (David Paul Morris/Bloomberg News)

Both of the major-party presidential candidates have said they support electric vehicles, but a Joe Biden win could bring changes to significantly speed up the adoption of cars and trucks built by the likes of Tesla Inc. and Nikola Corp.

Esha Dey | Bloomberg News
November 2, 2020
Business, Technology, Autonomous

Tesla’s Three-Day Correction Approaches Bear Market

Tesla's stock is approaching bear market territory. (Nina Riggio/Bloomberg News)

Tesla Inc. shares are now officially in correction territory, in a week that saw the electric-vehicle maker announce a share sale that could dilute its value and a top holder say it would cut its stake nearly in half.

Esha Dey | Bloomberg News
September 3, 2020
Business

Tesla, Apple Stocks Surge After Splits Become Effective

Tesla logo David Zalubowski/Associated Press

Already plumped up by big rallies in 2020, stocks for Apple and Tesla popped again Aug. 31, surpassing record highs after the companies' stock splits took effect.

Esha Dey | Bloomberg News
August 31, 2020
Business, Technology

Tesla Touches $400 Billion After Latest Boost From Street

A Tesla Semi all-electric truck A Tesla Semi all-electric truck. (Alexis Georgeson/Tesla Motors)

Wall Street’s optimistic view on Tesla Inc. further solidified Aug. 26 after a Jefferies analyst more than doubled his price target on the stock, saying the company will continue to broaden its competitive edge in multiple dimensions, including battery capacity and industrial efficiency.

Esha Dey | Bloomberg News
August 26, 2020
Business, Technology, Fuel, Autonomous

Tesla Extends Rally With Market Value Nearing Consumer Giant P&G

The Tesla assembly plant in Fremont, Calif. A truck sprays water at a construction site next to Tesla's assembly plant in Fremont, Calif., on Aug. 13. (David Paul Morris/Bloomberg News)

The relentless rally in Tesla Inc. shares has driven its valuation close to the consumer product behemoth Procter & Gamble Co. as investors bet on the electric vehicle maker’s ability to dominate the automotive market of the future.

Esha Dey | Bloomberg News
August 17, 2020
Business, Technology, Fuel, Autonomous

Tesla’s ‘Mind-Boggling’ Value Leads Bernstein to Downgrade

The Tesla Gigafactory in Shanghai, China, stands illuminated at night. The Tesla Gigafactory in Shanghai, China, stands illuminated at night. (Qilai Shen/Bloomberg News)

Tesla Inc.’s soaring valuation led to a downgrade by Sanford C. Bernstein analyst Toni Sacconaghi on July 28, who said it is difficult to justify the market capitalization even using best-case scenarios.

Esha Dey | Bloomberg News
July 28, 2020
Business, Technology, Fuel

Nikola Plummets After Warrant Call Creates Selling Pressure

The Nikola Two hydrogen-powered Class 8 tractor. The hydrogen-powered Nikola Two Class 8 truck. (Nikola Motor Company)

Nikola Corp. shares nosedived on July 20 as some investors will now be able to buy the company’s stock at a fraction of recent prices.

Esha Dey | Bloomberg News
July 20, 2020

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