Elon Musk Faces $7.5B Insider Trading Allegation From Tesla Shareholder

Tesla shareholder Michael Perry on Thursday filed a lawsuit against Elon Musk alleging insider trading when the CEO sold shares worth over $7.5 billion in the last two months of 2022.

Benzinga59minutes ago

Elon Musk Reveals Tesla's FSD Will Have Three Modes for Drivers to Choose From: 'Chill, Standard and Hurry'

Tesla CEO Elon Musk on Friday said that its full self-driving (FSD) driver assistance software will have three modes in the future, namely 'chill,' 'standard,' and 'hurry.'

Benzinga02:50 ET

Apple took the lead. In May, US stocks announced repurchases of more than 200 billion US dollars, a record high for the same period

Apple's record buyback program has boosted repurchase activity across US stocks. According to Birinyi Associates data, US listed companies announced a $2010 billion share repurchase plan in May, up more than 41% year over year, setting a record high for that month in history, and the fifth highest since records began. At the beginning of May, Apple officially announced a stock repurchase plan of 110 billion US dollars during the first quarter earnings call, accounting for more than half of the total US stock repurchase plan. Analysts believe that large-scale stock repurchase plans may help support underperforming US stocks since the end of March. Stock repurchases

wallstreetcn01:07 ET

Tesla's Humanoid Bot Optimus Guides Shareholders On Voting Process Ahead Of Key June Meeting

EV giant Tesla Inc (NASDAQ:TSLA) on Friday released a step-by-step guide for shareholders to vote ahead of the company's upcoming meeting in June.What Happened: Tesla used its humanoid bot, Optimus, t

Benzinga22:22 ET

The AI concept stock boom has cooled down, and this US power company, which is stronger than Nvidia's gains, has plummeted

On Friday, Texas power producer Vistra, the “hidden winner” of the AI boom, fell sharply by 10% in the intraday session. Although the decline narrowed at the close and closed down by nearly 6%, the performance was clearly weak compared to the NASDAQ 100, which had the same deep decline during the day but recovered almost all of its decline at the end of the session. In fact, Vistra only hit an all-time high earlier this week. The company's plans to expand natural gas production capacity have raised a certain level of concern in the market. Combined with the overall sentiment of the market, which is becoming more risky in recent days, the stock price increase has come to a standstill. Vistra has increased by more than 300% in the past 12 months, becoming

wallstreetcn20:03 ET

Nvidia Is South Korea's Favorite Foreign Stock: Jensen Huang's Chip Company Can't Stop Winning

One of the top gaining S&P 500 stocks over the last year has been NVIDIA Corporation (NASDAQ:NVDA), which just reported a beat and raise in the first quarter.Investors and funds are flocking to hold s

Benzinga16:23 ET