State Street Consumer Discretio News - June 2026
Volkswagen weighs 100,000 job cuts and factory closures, citing EV struggles
Volkswagen is considering its most aggressive restructuring in decades. The plan involves cutting up to 100,000 jobs. The automaker may close four German...
Tesla CEO Musk exercises 2018 options, netting $116 billion paper gain
Tesla CEO Elon Musk converted 304 million stock options from his 2018 compensation plan. The conversion yielded approximately 286 million shares. The...
JPMorgan upgrades Tesla to $475, citing robotics and autonomous driving potential
JPMorgan upgraded Tesla to Neutral from Underweight. Analysts led by Rajat Gupta raised the price target 227% from $145 to $475. The bank now values Tesla...