Tesla troubles, AI investments, growth stocks: Catalysts
Shares of Tesla (TSLA) are sinking following reports that the Justice Department is investigating whether the company committed securities and wire fraud in its self-driving vehicle claims, Reuters reports. Rivian (RIVN) faces mounting competition in the electric vehicle space, with one analyst suggesting that cost-cutting is the automaker's "core focus." The Biden administration is reportedly considering new restrictions over export licenses for companies supplying chips to China. Yahoo Finance also continues its coverage of the Annual Milken Global Institute Conference, interviewing Lazard (LAZ) president Ray McGuire. For more expert insight and the latest market action, click here.