Tesla Archives - WPTF-AM

Stock market today: Wall Street drifts as the Trump trade cools

NEW YORK (AP) — U.S. stocks are drifting as some momentum comes out of the torrid “Trump trade” that swept Wall Street following Donald Trump’s presidential victory. The S&P 500 slipped 0.2% Tuesday, coming off its latest record. The Dow Jones Industrial Average fell 139 points, and the Nasdaq composite was flat. Smaller U.S. stocks slipped in a turnaround from their rocket ride higher after Trump’s election raised expectations for economic growth and inflation. Even Tesla, which is run by Trump’s ally Elon Musk, is on track for its first drop since before Election Day. Yields rose as trading for U.S. government bonds resumed following Veterans Day.… Continue Reading

Stock market today: Wall Street finishes mixed after Tesla soars and IBM slumps

NEW YORK (AP) — Wall Street drifted to a mixed finish after Tesla surged and IBM slumped following their latest profit reports. The S&P 500 rose 0.2% Thursday to break its first three-day losing streak since early September. It bounced between losses and gains through the day and was nearly evenly split between stocks rising and falling. The Dow Jones Industrial Average fell 0.3%, while the Nasdaq composite rose 0.8%. Tesla jumped to the second-best day in its history after reporting a better profit than analysts expected. But IBM fell sharply after its revenue came in short of expectations. Treasury yields eased.… Continue Reading

Questions about the safety of Tesla’s ‘Full Self-Driving’ system are growing

ETROIT (AP) — Tesla says its vehicles that are equipped with the latest versions of its vaunted “Full Self-Driving” system can travel from point to point with little human intervention. Yet a series of alarming recent incidents have drawn the attention of federal regulators, who were already investigating Tesla’s automated driving systems because of dozens of crashes that raised safety concerns. The problems have led people who monitor autonomous vehicles to become more skeptical that Tesla’s system will ever be able to operate safely on a widespread scale. … Continue Reading