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Electric vehicle (EV) and technology company Tesla (TSLA -1.69%) is one of the largest businesses in the world, with its valuation right around $1 trillion today. And this is even as the stock is down 21% this year as of July 30.
TSYY offers a massive 140% annualized yield via synthetic option writing on leveraged Tesla ETFs, but this income is unsustainable and erodes capital. The fund's share price has declined over 63% since inception, with total returns still negative even after factoring in distributions. TSYY's high risk, capped upside, and lack of downside protection make it suitable only for aggressive income-seeking investors comfortable with capital loss.
A jury has ruled that Tesla is partly to blame for the death of a young woman who was hit by an electric car on Autopilot.
A fatal collision in 2019 occurred when a Tesla driver had Autopilot mode engaged.
The automaker was found partly liable over its driver-assistance software in a deadly 2019 collision.
The automaker was found partly liable over its driver-assistance software in a deadly 2019 collision.
Tesla stock fell Friday amid the Miami trial verdict. CEO Elon Musk is betting on the EV giant's self-driving capabilities to drive value.
A federal jury in Miami has ruled that Tesla must pay $329 million in damages in connection with a fatal 2019 crash involving its Autopilot system.
A Florida jury on Friday found Tesla liable in the 2019 fatal crash of an Autopilot-equipped Model S, and ordered Elon Musk's automaker to pay $329 million to the family of a deceased woman and an injured survivor.
Elon Musk has quite the career history, manning an assortment of projects, from electrical vehicle building to space rocket launching. And now he adds owning a Los Angeles diner to the list. The Tesla Diner and Drive In, a retro restaurant offering futuristic design and 24-hour service, opened on July 21 in West Hollywood. The 80 charging stalls feature large movie screens, while the popcorn and other menu items are served to customers via robots. The new establishment was highly anticipated and has certainly drawn crowds. However, three-hour wait times and limited menu items have also drawn criticism. And those expecting a decent meal may want to look elsewhere, as visitors say the diner offers high concept entertainment versus a culinary experience. In addition to the above, Musk also bought Twitter for $44 billion back in 2022. Musk funded the acquisition by selling Tesla stock (NASDAQ: TSLA) and taking $13 billion in loans underwritten mostly by Morgan Stanley (NYSE: MS), Bank of A