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Company News for Oct 14, 2024

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  • Tesla Inc.’s ((TSLA - Free Report) ) shares plunged 8.8% after the release of the EV giant unveil of robotaxi failed to enthuse market participants regarding its production ramp up and regulatory hurdles.
  • Shares of Stellantis N.V. ((STLA - Free Report) ) tanked 2.2% after the company plans to exercise a major reshuffle in its management including removing the CFO.
  • The Boeing Co.’s ((BA - Free Report) ) shares advanced 3% after the company plans to retrench 10% or 17,000 of its workforce in order to reduce loss due to workers’ strike. 
  • Shares of Super Micro Computer Inc. ((SMCI - Free Report) ) gained 2.9% after the company said that it recently shipped more than 100,000 GPUs with direct liquid cooling solutions for a few very large data centers built to power AI applications.

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