Tesla Inc. is a car manufacturer that pitches itself, very successfully, as a technology hothouse. So perhaps it will take the most tech-like step possible in 2024: Announce a big stock buyback. Conversely, Tesla is a tech wannabe that is, in essence, a car manufacturer. In which case, maybe it will … launch a buyback.
Tesla’s stock has had a miserable couple of months, dropping by roughly a quarter since its most recent peak in late December and risking its membership of the stock market’s Magnificent Seven. Meanwhile, that Detroit dinosaur General Motors Co. has been racing along since it announced a ...
Learn more about Bloomberg Law or Log In to keep reading:
See Breaking News in Context
Bloomberg Law provides trusted coverage of current events enhanced with legal analysis.
Already a subscriber?
Log in to keep reading or access research tools and resources.