The Tesla shareholder vote over Elon Musk’s pay is in some ways a referendum on the performance of the company and its chief executive. But even before the vote concludes on Thursday, Tesla’s stock price shows that investors have plenty of doubts about Mr. Musk and the electric carmaker’s outlook. Tesla’s shares are down nearly…
Reddit on Wednesday priced its shares at $34 for its initial public offering, two people with knowledge of the matter said. The pricing was at the high end of expectations, in a sign of investor demand for growing tech companies. The San Francisco-based social media company had estimated that its shares would be priced at…
Why It Matters: The price offers kick off negotiations. The medicines selected for negotiations are taken by millions of Americans to treat conditions like diabetes, cancer and heart disease. The administration identified them in August, beginning a lengthy process intended to result in an agreed-upon price that would take effect in 2026, assuming the negotiation…
Tesla’s profit more than doubled during the last three months of 2023 compared with a year earlier after the electric carmaker booked a tax benefit. But profit from car sales slumped after Tesla cut prices to fend off increasingly intense competition, the company said on Wednesday. Profit in the fourth quarter was $7.9 billion, up…
Elon Musk, the chief executive of Tesla, stunned investors by demanding that the company’s board give him shares worth more than $80 billion if it wants him to continue developing products based on artificial intelligence. In the latest demonstration of his disregard for conventional ways of communicating with investors, Mr. Musk said late Monday on…
The rental car company Hertz will be selling about one-third of the electric vehicles in its fleet after they lost value more quickly than expected, the company said on Thursday. The drop in value is a blow to the company’s efforts to replace gasoline vehicles with cars that do not produce tailpipe emissions. The electric…
