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Tesla is completely lost on Wall Street. The electric vehicle manufacturer is having a dark year in the stock market. And those difficulties worsened on Dec. 13 with another sharp drop in the stock price of almost 4%. In all, the Tesla stock lost has lost 54.2% of its value in 2022, translating into a drop in market capitalization of nearly $600 billion. Tesla (TSLA) – is down 60%, compared to its all-time high reached in November 2021. Most worryingly, on Dec. 13, shares of the Model Y maker were down while the broader market was up. This stock market...

It must be difficult for the Mom and Pop investor to make sense of General Motors' recent earnings announcement and subsequent drop in share price. On Thursday morning, GM reported earnings that were trumpeted as being "impressive" by one major financial TV network. In fact, early in the day, headlines at the network stated that the entire market was being driven higher by strong earnings at GM and Caterpillar. That hyperbole came into question when GM share price dropped about 3% on a day that the broader markets were strong. It was unfortunate for many investors who bought into the...

RBS shares collapse after record losses LONDON, Jan 20 – Shares in Royal Bank of Scotland collapsed today in the wake of the Government’s latest rescue bid and news that the bank is facing the worst loss in UK corporate history. The NatWest parent company’s market value slumped below £5 billion after shares plunged by as much as 70 per cent at one stage. RBS estimated bad debts and write-downs on the value of past acquisitions could leave it as much as £28 billion in the red for 2008 – higher than the current record of £15 billion set by...

No respite for Europe’s banks By Miles Johnson Published: January 19 2009 09:43 | Last updated: January 19 2009 19:56 There was no respite for Europe’s troubled banks on Monday as the prospect of horrific fourth-quarter results across the sector was writ large by Royal Bank of Scotland posting the largest loss in UK corporate history. German financial shares, heavily sold last week, were hammered again as investors reeled on the RBS news and from weekend press reports suggesting that the 20 largest German banks had written down just a quarter of the €300bn of toxic assets on their balance...

Lehman slides 9% despite denial of market talk Renée Schultes and Stephanie Baum 28 Mar 2008 Lehman Brothers was yesterday prompted onto the increasingly familiar territory faced by several financial institutions, in publicly acting to quash market speculation about its liquidity position, which wiped almost 9% off its share price yesterday. In a statement Lehman Brothers said: “There are a lot of rumors in the marketplace that are totally unfounded. We are suspicious that the rumors are being promulgated by short-sellers of our stock that have an economic self-interest.” Statements aside, Lehman Brothers closed down 8.9% at $38.71 yesterday. At...

AOL Time falls 5 pct to 41-month lowAnalysts concerned about Q1 earnings prospects By Jon Friedman, CBS.MarketWatch.comLast Update: 4:12 PM ET April 10, 2002 NEW YORK (CBS.MW) -- AOL Time Warner shares fell 5.3 percent Wednesday, after hitting a session low of $20, as Wall Street showed its concern over the company's upcoming first-quarter earnings report. FRONT PAGE NEWS GE shares in sharp selloff after Q1 report U.S. stocks slammed by GE, IBM tumble Merrill gets extension on court order to reform Enron destroyed evidence, lawmaker charges Sign up to receive FREE e-newsletters: Get the latest news24 hours a...