Tesla stock rose Wednesday as weeks of bad losses resulted in an upgraded from Cantor Fitzgerald analystAndres Sheppard, who raised his rating to Buy from Hold, citing “material catalysts” for shares.
CrowdStrike Holdings (NasdaqGS:CRWD) Expands ANZ Reach With Dicker Data Partnership and Collaborates With Accenture
CrowdStrike Holdings saw a 5% decline in its share price last week, coinciding with significant developments. The company entered strategic partnerships with Dicker Data and Accenture to expand its distribution and enhance cybersecurity solutions in various regions. Despite these positive strategic moves, the broader tech sector faced headwinds, as evidenced by a 12% decline from recent highs in the Nasdaq Composite. Poor performance in major tech stocks like Tesla and Adobe affected investor sentiment. Weak guidance from Adobe and market concerns regarding economic policies may have further influenced tech stocks, including CRWD. The 4% market drop last week amid economic uncertainty likely contributed to the decline. These factors occurred as investors navigated a challenging period for the tech sector, focusing more on macroeconomic issues than specific corporate initiatives. Overall, CRWD's downturn aligns with a broader tech market correction.Discover the key vulnerabilities in Cr
Shares of cloud computing and online retail behemoth Amazon fell 3.3% in the afternoon session as markets remained anxious about the negative impact of tariffs, with concerns intensifying following new updates from the Trump administration. Treasury Secretary Scott Bessent noted on CNBC, "We're focused on the real economy.... I'm not concerned about a little bit of volatility over three weeks." Adding to the concerns, President Trump announced on Truth Social that his administration was considering imposing a 200% tariff on all alcoholic beverages imported from European Union countries. This move was in response to the EU's 50% tariff on whisky. Trump added, "This will be great for the Wine and Champagne businesses in the U.S.".The stock market overreacts to news, and big price drops can present good opportunities to buy high-quality stocks. Is now the time to buy Amazon?Unless you’ve been living under a rock, it should be obvious by now that generative AI is going to have a huge impa
O'Reilly Automotive has announced a 15-for-1 stock split, signaling a strategic move to potentially enhance its market presence and shareholder appeal. This decision coincides with several developments throughout the quarter, including a 1.5% share price increase. The company's robust financial performance, highlighted by year-over-year sales growth from $15.8 billion to $16.7 billion and an increase in diluted earnings per share to $40.66, further solidifies its market position. Additionally, the decision to repurchase 500,000 shares shows a commitment to returning value to shareholders. As the market experienced a 4.1% decline amidst macroeconomic concerns, O'Reilly's performance stands out, driven by optimistic earnings guidance and potential expansion plans with 200 to 210 new store openings for 2025. While broader market sectors faced volatility, such proactive measures emphasize the company's resilience and focus on shareholder value amidst fluctuating conditions.
Tesla raises concerns over retaliatory tariffs in unsigned letter
Tesla's message to the U.S. Trade Representative is notable because the company's chief executive, Elon Musk, right, is a close ally of President Trump and leads efforts by the so-called Department of Government Efficiency to downsize the federal government.Elon Musk's electric vehicle company Tesla has joined several other American businesses in raising concerns over retaliatory tariffs that could result from a trade war fueled by President Trump.In an unsigned letter on Tesla letterhead addressed to the U.S. Trade Representative, Tesla warned that Trump's actions to "address unfair trade practices" could "inadvertently harm U.S. companies.". Read more: 'I've been betrayed.' Tesla drivers are pushing back on Elon Musk. Tesla facilities in the United States support more than 70,000 employees and are responsible for billions of dollars of economic activity each year, the letter said. The company has multiple manufacturing sites in California, including an assembly plant in Fremont and a
Tesla Warns the U.S. Trade Rep About the Harmful Impact of Tariffs
President Donald Trump's tariff policy isn't popular with the auto industry. That goes for Tesla, too.Tesla sent an unsigned letter to the U.S. Trade Representative warning of the impact of retaliatory tariffs on the electric vehicle maker, according to a report in the Financial Times. Tesla happens to be run by Trump senior advisor Elon Musk."As a U.S. manufacturer and exporter, Tesla encourages USTR to consider the downstream impacts of certain proposed actions taken to address unfair trade practices," reads part of the letter, adding U.S. exporters were "exposed to disproportionate impacts when other countries respond to US trade actions.". The USTR and Tesla didn't immediately respond to requests for comment.Canada placed 25% tariffs on some $30 billion of U.S. goods on Thursday, saying they were in response to Trump's tariffs on steel and aluminum. Cars aren't included right now, but still the fear remains.This content was created by Barron's, which is operated by Dow Jones & Co.
‘Screwing over Tesla’: EV maker warns Trump about his tariffs
Washington|San Francisco | Elon Musk’s electric car maker Tesla has warned that President Donald Trump’s trade war could make it a target for retaliatory tariffs against the US and increase the cost o
Tesla’s upcoming cheaper electric car is basically a stripped-down Model Y
Tesla is preparing to launch a couple of new more affordable electric vehicles and the first one is expected to basically be a stripped-down Model Y, according to a new report from China.