Elon Musk is stepping up his warnings about artificial intelligence, The Washington Post reported, saying it was akin to "summoning the demon."» Read More
Heavyweight earnings and data are expected as traders debate whether the summer rally has resumed or the selloff is taking a pause.
Tesla founder Elon Musk warned Saturday that the impending rise of artificial intelligence could "potentially be more dangerous than nukes."
Stocks declined on Friday, with the S&P 500 recording its worst week since 2012, on momentum from the prior day's rout.
NEW YORK, Aug 1- U.S. stocks ended lower for a second day and the S&P 500 posted its biggest weekly decline since 2012 on Friday as concerns over Argentina's default continued to dog sentiment. But concern remained over Argentina's debt problems after the country's default earlier this week.
NEW YORK, Aug 1- U.S. stocks edged lower on Friday as jobs data suggesting the Federal Reserve has room to keep interest rates low for a while was offset by lingering concern over Argentina's default. Concern remained over Argentina's debt problems.
Tesla appears poised to define the automobile of the future, Morgan Stanley's Adam Jonas says.
NEW YORK, Aug 1- U.S. stocks tumbled in a volatile session on Friday, marking a second straight day of sharp declines as the latest economic data provided little clarity as to when the Federal Reserve might raise interest rates.
The Street is excited over Tesla's strong outlook. CNBC's Phil LeBeau, and Adam Jonas, Morgan Stanley, discuss higher expenses at the company.
Mobileye's shares jumped as much as 58 percent to a high of $39.40 on the New York Stock Exchange, valuing the Israeli company at about $8.4 billion. Mobileye's technology is already used in more than three million vehicles made by BMW AG, General Motors Co and electric car maker Tesla Motors Inc, among others.
CNBC's Phil LeBeau reports Tesla shares are trading higher today after yesterday's earnings report and production forecast.
Kara Swisher, Re/code Co-executive editor, and the "Squawk Alley" team, discuss the earnings of LinkedIn and Tesla.
NEW YORK, Aug 1- U.S. stocks were little changed on Friday, paring big losses that had been indicated by trading before the market opened, as a weak July jobs report allayed concerns the Federal Reserve might raise interest rates sooner than many had expected.
Tesla's Q2 earnings beat expectations on the top and bottom line. Colin Rusch, Northern Capital Markets, discusses the automakers growth picture and future earnings expectations.
NEW YORK, Aug 1- U.S. stock index futures pointed to a slightly lower open on Friday as a weak July jobs report allayed concerns that the Federal Reserve would raise interest rates sooner than many had expected. *On Thursday, Wall Street suffered its biggest one-day decline in months as data sparked worries the U.S.
Some of the names on the move ahead of the open.
*Tesla, GoPro both slip in premarket after results. NEW YORK, Aug 1- U.S. stock index futures were sharply lower on Friday amid investor caution ahead of the July payroll report and its implications for interest rate policy. *The decline in futures suggested that Thursday's dramatic selloff- the biggest for Wall Street in months- was poised to continue.
What investors are paying for now is the "industry disruptor factor", says Paul Ingrassia, Reuters, discussing Tesla's outlook, and valuation.
After months of consideration, Tesla has made it clear one city appears to be out in front of others for landing the new $5 billion battery plant.
DETROIT, July 31- Tesla Motors Inc, the California- based maker of luxury electric cars, said it expects to build more than 60,000 cars in 2015, after spending heavily this year to update and expand its Fremont assembly plant.
DETROIT, July 31- Tesla Motors Inc, the California- based maker of luxury electric cars, said it lost $61.9 million, or 50 cents a share, in the second quarter, as revenue nearly doubled to $769.3 million. In the year-ago quarter, Tesla lost $30.5 million, or 26 cents a share, on revenue of $405.1 million.