The outcome of a vote on Friday by workers at a Mercedes-Benz factory in Alabama will be a key referendum on whether the UAW can maintain momentum in the historically anti-union South.
Prosecutors are examining whether Tesla committed securities or wire fraud by misleading investors and consumers about its self-driving capabilities.
Wall Street’s main indexes crept higher in volatile trading on Monday as shares of Tesla and Apple advanced.
Some megacap growth stocks edged higher in early trading, with Meta Platforms, Amazon.com and Apple up between 0.6% and 1.5%.
Tesla will lay off more than 10% of its global workforce as it grapples with falling sales and an intensifying price war for EVs.
Wall Street’s main stock indexes as some big banks dipped after reporting dour quarterly results and most megacap growth stocks and chipmakers receded.
U.S. stocks recorded weekly losses on Friday as traders scaled back expectations on the timing of rate cuts.
Elon Musk has now called on his car manufacturing employees to install the premium driver assistance system into every Tesla vehicle from this point forward in order to show drivers a demo that will be free for a one-month trial.
Apple has canceled work on its electric car, a source familiar with the matter told Reuters on Tuesday, a decade after the iPhone maker kicked off the project.
Nvidia briefly displaced Alphabet as the U.S. stock market’s third most valuable company.