4 reasons Tesla's stock is tumbling
CNN
Tesla, the hottest stock in the market for more than a year, has sunk into bear market territory.
Shares of Tesla (TSLA) fell 6% Tuesday after closing down 8.5% Monday, wiping out its gains for the year. The stock closed at a record just above $883 on January 26 and has tumbled since. It fell low as $619 Tuesday, the first time Tesla shares have fallen below $700 since December 31. The steep decline has taken Tesla shares below their level when the company entered the S&P 500 on December 21. It also knocked CEO Elon Musk into the No. 2 position in the richest person on the planet list, behind Amazon (AMZN) founder Jeff Bezos. The two have been swapping positions repeatedly this year.
Chinese internet search giant Baidu will make its advanced AI chatbot services free, as competition heats up among global developers following the surging popularity of startup DeepSeek’s models.
China’s power industry began construction on nearly 100 gigawatts of new coal plant capacity last year, the most in nearly a decade, a report from two clean-energy groups said Thursday.
Google Play said it restored TikTok to the US app store on Thursday, following promises by President Donald Trump to save the app and an executive action delaying the enactment of a ban on the wildly popular social media platform.
To hear Trump tell it, Thursday’s new tariffs announcement was a significant and sweeping order that will bring the world to heel. But the plan, as it were, consisted of a vaguely worded memo that offered few concrete details and no real timeframe for the next round of tariffs.
Americans are having a harder time managing rising debt burdens and in some cases haven’t been this overextended since the aftermath of the Great Recession.
US wholesale inflation remained stubbornly elevated last month, another sign that even higher prices could be ahead for American shoppers.
Several channels owned by Paramount Global, including CBS, Comedy Central and MTV, have disappeared from YouTube TV on Thursday after the two companies failed to reach a contract renewal.
Elon Musk says he is prepared to drop his attempt to buy OpenAI if the ChatGPT maker maintains its current structure.
President Donald Trump is expected to announce a new round of sweeping reciprocal tariffs on Thursday, matching higher rates other nations charge to import American goods.
Japan’s Nissan and Honda have ended discussions on a deal that would have created the world’s third-largest carmaker.
Elon Musk-owned X has agreed to pay to settle a lawsuit from his close ally President Donald Trump over Trump’s deplatforming following the January 6, 2021, insurrection, according to multiple reports that cite people familiar with the matter.
Tuesday’s press conference in the Oval Office was already unusual, with Elon Musk standing behind President Donald Trump at the Resolute Desk to talk about the Department of Government Efficiency – illustrating the power the world’s richest man now holds.
The Consumer Financial Protection Bureau has terminated contracts with multiple expert witnesses it had hired in cases against companies accused of hurting consumers.