Author: Aditya Soni
-
US Justice Department issues subpoenas to Tesla in ongoing probes
By Aditya Soni and David Shepardson (Reuters) -The U.S. Justice Department has sought documents and issued subpoenas to Tesla as it scrutinizes the automaker’s driver assistance system Autopilot and vehicle driving range, among other issues, the company said on Monday. Tesla said in a regulatory filing it has received requests for information “including subpoenas, from…
-
Tesla extends blistering rally after quarterly deliveries beat
By Aditya Soni (Reuters) -Tesla shares jumped about 7% on Monday after better-than-expected quarterly deliveries showed that Chief Executive Elon Musk’s plan of boosting volumes through discounts was working. The day’s gains lifted the top U.S. electric-vehicle manufacturer’s market capitalization by around $57 billion to $887 billion. At $277, the stock has already more than…
-
Intel’s ‘historic collapse’ set to erase $10 billion from market value
By Aditya Soni and Nivedita Balu (Reuters) – Intel Corp was set to erase nearly $10 billion in market value on Friday after the U.S. chipmaker stumped Wall Street with dismal earnings projections, fanning fears around a slump in the personal-computer market. The company predicted a surprise loss for the first quarter and its revenue…