Shares of Tesla TSLA plummeted Monday after chief executive Elon Musk once again found himself in hot water after he posted a rude comment about a British cave explorer regarding the Thailand cave rescue mission. Although the CEO’s statements were crass, they don’t really impact Tesla’s core business. So let’s assess TSLA stock at what could be a buying point. Investors clearly don’t love Musk’s use of Twitter when it backfires on him, but there is no doubt that much of Tesla rise is due to the CEO’s vision of the future. But that real questions are: what’s going on with Tesla now and what should investors expect from the company’s second-quarter financial results? Tesla noted that this was the first time production of its mass-market Model 3 topped combined Model S and X rates, helping it make Q2 “the most productive quarter in Tesla history by far,” according to a company statement. This alone might be good enough for some investors to consider buying Tesla stock. Yet, it is worth pointing out that Tesla’s earnings estimate revision activity has trended in the wrong direction recently, which helped Tesla earn a Zacks Rank #3 (Hold). Therefore, it might still be time for investors to monitor TSLA, especially as Musk continues to grab headlines for the wrong reasons.
(Reuters) - Warren Buffett has donated roughly $3.4 billion (2.57 billion pounds)of Berkshire Hathaway Inc (BRKa.N) stock to five charities, the billionaire's largest contribution in his longstanding plan to give away his fortune. Buffett's 13th annual donation comprised about 17.7 million Class "B" shares of Berkshire, valued at $192 each as of Monday's market close. Buffett still owns roughly one-sixth of Berkshire, the Omaha, Nebraska-based conglomerate he has run since 1965, despite giving away 43 percent of the shares he owned in 2006. He would have trailed Amazon.com Inc (AMZN.O) founder Jeff Bezos' $149.7 billion, Microsoft Corp (MSFT.O) co-founder Bill Gates' $93.6 billion, and LVMH Moet Hennessy Louis Vuitton (LVMH.PA) Chief Executive Bernard Arnault's $80 billion.
Microsoft (MSFT), a cloud provider to the US government, has several contracts with federal agencies, including ICE (Immigration and Customs Enforcement). As a result, hundreds of Microsoft employees have denounced the company’s work with the agency, demanding that the company cancel the contracts. Microsoft has since clarified that it was not working with the government on any project that involves splitting families.
MARKET PULSE Shares of Tesla Inc. (tsla) fell 1% in late trading Monday, following their lowest close since July 6 and, off 2.8%, their largest percent decrease since July 3, when they fell 7.23%. Tesla was the worst performing stock on the Nasdaq 100 (ndx) on Monday.
LOS ANGELES--(BUSINESS WIRE)--The Schall Law Firm, a national shareholder rights litigation firm, announces the filing of a class action lawsuit against Glencore plc ("Glencore" or the "Company") (OTCMKTS: GLCNF, GLNCY) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission. Investors who purchased the Company's shares between September 30, 2016 and July 2, 2018, inclusive (the "Class Period"), are encouraged to contact the firm before September 7, 2018. If you are a shareholder who suffered a loss, click here to participate. We also encourage you to contact Brian Schall, or Sherin Mahdavian, of the Schall Law Firm, 1880 Century Park East, Suite 404, Los Angeles, CA 90067, at 424-303-1964, to discuss your rights free of charge. The class, in this case, has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.
John Bromels, The Motley FoolMotley FoolJuly 16, 2018, 7:49 PM GMT. What happened. Tesla (NASDAQ: TSLA) stock rose 10.1% in the first six months of 2018, according to data provided by S&P Global Market Intelligence, but it was rough going for investors, as shares swung wildly from below $250 to more than $350. Honestly, sometimes it really does seem like Musk has earned the moniker "Teflon Elon," because no bad news seems to stick to Tesla's stock to hold it down for long. Even in early May, when Musk astonished the investing community by derailing his own earnings call Q&A, shares briefly dipped, but recovered almost immediately. Likewise, the biggest drop of the year so far occurred not after Tesla announced a record loss in Q1, but when news broke of a Model X crash in California that may have been caused by the car's Autopilot system. Even then, though, the stock recovered in less than two weeks. What had investors most concerned, though, was the prospect that Tesla wouldn't be able to meet its self-imposed deadline of producing 5,000 Model 3 units per week by the end of the second quarter. But on June 5, with the end of the quarter only a few weeks away, Musk doubled down on the ambitious goal at the company's annual shareholder meeting, further predicting that the company would achieve the white whale of profitability in Q3 and Q4 of this year.
Tesla shares fall 3.5 percent after CEO Musk abuses British diver. A number of analysts and investors, requesting anonymity, told Reuters that Musk's comments are adding to their concerns that his public statements are distracting him from Tesla's main business of producing electric cars. The billionaire entrepreneur's spat with British diver Vernon Unsworth started last week, after rescue teams rejected Musk's offer of a mini-submarine created by his rocket company SpaceX to help rescue a 12-member soccer team and their coach trapped inside a flooded cave in the northern province of Chiang Rai. Musk shot back on Sunday on Twitter: "We will make one (video) of the mini-sub/pod going all the way to Cave 5 no problemo. Sorry pedo guy, you really did ask for it."
India has been a source of frustration for Apple (AAPL) for years. Stymied by high tariffs (15% to 20%) that have prompted Apple to market less-expensive iPhones that are a few generations old, compounded by competition from cheap alternatives from Samsung Electronics (South Korea: 005930) and Xiaomi (Hong Kong: 1810), Apple has underperformed in the world's fastest-growing smartphone market. With just 2% of the market, Apple sold a paltry 3.2 million iPhones in 2017 and less than 1 million in the first half of 2018, estimates Counterpoint Research.
The Harvard Business Review has found that “the time spent by managers and employees in collaborative activities has ballooned by 50 percent or more” over the last two decades. As a result, a larger majority of the average employee’s day is spent communicating and/or partnering with co-workers. If the concept of teamwork is here to stay, what is the magic ingredient for making our teams more efficient, productive, and successful? Google conducted a five-year study, aimed at pinpointing the secret to maximizing team effectiveness, that came to be known as Project Aristotle . All team members need to feel valued, as though their thoughts and input matter and contribute to the bigger picture, since effective teams actively solicit input and opinions from their members. Google found that teams with psychologically safe environments had more employees who were not only less likely to leave their companies but more likely to be more successful.
The rollout of Tesla Inc.’s Model 3 electric sedan over the last year was plagued by delays and doubts over whether it could ever be profitable. Munro & Associates, a small Detroit-area firm that disassembles new cars and analyzes them down to the nuts and bots, came out in April with damning findings that the Model 3 was poorly built and—even worse for Tesla’s long-term outlook—costly to build. On that second point, at least, founder Sandy Munro has reversed course.