- Investor's Business Daily
Magnificent Seven Stocks: Nvidia Stock Rallies Above New Buy Point, Tesla Slides
Dubbed the Magnificent Seven stocks, Apple, Microsoft, Google parent Alphabet, Amazon, Nvidia, Meta Platforms and Tesla lived up to their name in 2023 with big gains. But the early part of the second quarter of 2024 showed a big divergence of returns.
- Barrons.com
Tesla Stock Drops After 2 Days of Big Gains. Here’s What Is Denting the Shares.
Tesla shares were down 1.6% at $174.80 in midday trading, while the and were up 0.8% and 0.9%, respectively. The Monday and Tuesday wins got back roughly three-quarters of the loss from the previous week, when Tesla stock fell 7%. Wednesday’s decline also comes as Reuters reported CEO Elon Musk fired the entire supercharging team after team leader Rebecca Tinucci pushed back against deep job cuts.
- Investor's Business Daily
Nio Launches Onvo L60, Its Tesla Model Y Rival For The China Mass Market
Nio on Wednesday launched the Onvo L60 EV, which aims squarely at the Tesla Model Y while targeting China's mass market for growth. Nio stock sank as U.S.-China tensions resurfaced. Tesla stock also fell.
