Barron's

TESLA FRAUD INVESTIGATION

Tesla Stock Drops Again on Reports of Musk FSD Investigation

By Al Root
EVS
  • Prosecutors are investigating Tesla over comments about its driver assistance technology Reuters reported.
  • The investigation boils down to whether Tesla’s claims about its driver assistance fraudulently mislead customers.
  • Tesla stock was down 1.5% by late morning. It's down nearly 30% for the year.
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A TOUGH DAY FOR SHOPIFY

Shopify Earnings Topped Estimates. Why the Stock Is Tumbling.

By Sabrina Escobar
TECHNOLOGY
  • E-commerce company Shopify swung to a surprise loss in its fiscal first quarter, leading to a nearly 20% stock drop.
  • It also warned that the sale of its logistics business would weigh on second-quarter revenue growth.
  • Revenue rose 23% year over year to $1.9 billion, ahead of projections for $1.83 billion.
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