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 middle part of the second quarter of 2024 showed a big divergence of returns.
Toyota’s recent powertrain decision shows just how complicated the global car business has become. Complexity could jeopardize profits in years to come.
Proxy adviser firm Glass Lewis weighed in on Tesla’s upcoming shareholder proposals and once again said CEO Elon Musk’s pay package is a problem.