Yahoo Finance autos reporter Pras Subramanian explains how Tesla is still the industry leader in electric vehicles (EVs) despite losing some market share.
Elon Musk on Wednesday tweeted that the misunderstanding about Twitter potentially being removed from Apple Inc's App Store was resolved following his meeting with the iPhone maker's Chief Executive Tim Cook. "Tim was clear that Apple never considered doing so," the billionaire CEO of Twitter and Tesla Inc said in a tweet.
Wall Street ended sharply higher on Wednesday after Federal Reserve Chair Jerome Powell said the central bank might scale back the pace of its interest rate hikes as soon as December. The S&P 500 rallied and closed above its 200 day moving average for the first time since April after the release of Powell's remarks prepared for delivery at the Brookings Institution think tank in Washington.