Looking more broadly than the âMagnificent Sevenâ stocks, weâll see companies with stronger pricing power in the consumer discretionary and consumer staples sectors...
Continue ReadingTesla and BYD are the world's largest electric-vehicle makers, becoming more direct competitors in China and much of the world. In 2022, China EV and battery giant BYD's vehicle sales raced ahead of Tesla's. For all-battery electric vehicles (BEVs), BYD seized the crown in Q4. BYD also has significantly higher gross margins than Tesla, and has massively closed the gap in net income and revenue...
Continue ReadingTesla is no longer the world’s top electric-car maker. Data released by Tesla on Tuesday showed that China’s BYD had overtaken it as the largest seller of electric vehicles on a quarterly basis. BYD reported selling more than 526,000 fully electric vehicles in the fourth quarter of 2023, compared with Tesla’s sales of nearly 485,000...
Continue ReadingThe U.S. environmental regulatory agency will hold a hearing next week on whether to approve California's plan to require all new vehicles sold in the state by 2035 to be electric or plug-in electric hybrids. The California Air Resources Board (CARB) in August 2022 approved the landmark plan to end the sale of gasoline-only vehicles in the state by 2035. In May, CARB asked the U.S. Environmental Protection Agency (EPA) to approve a waiver under the Clean Air Act allowing the plan to proceed...
Continue ReadingTesla has cut back claims about how far its electric cars can travel as it faces scrutiny from the US government...
Continue ReadingWhile the EV king, Tesla Inc (NASDAQ: TSLA) delivered on its promise of making 1.8 million deliveries in 2023, traditional automakers also delivered good news. General Motors (NYSE: GM) reported its best vehicle sales since 2019. Moreover, GM edged out Toyota Motor (NYSE: TM) to remain the top-selling automaker in the U.S. although Toyota reported its U.S. sales rose in 2023 due to its affordable crossover SUVs and sedans. Ford Motor (NYSE: F) reported its U.S. sales rose on the back of pickup a...
Continue ReadingShares of Tesla Inc. sank 0.18% to $237.49 Friday, on what proved to be an all-around favorable trading session for the stock market, with the NASDAQ.....
Continue ReadingDonald Trump has said he wants to kill the tax credits available to people who buy electric vehicles. Trump believes the credits and EVs pose a threat to workers in the auto industry. Americans can build and sell affordable EVs, so a shift from internal-combustion engines doesn’t have to mean a loss of jobs...
Continue ReadingThe Dow Jones Industrial Average rallied 150 points Friday on a strong December jobs report. AI leader Palantir dived on an analyst downgrade...
Continue Reading[**Tesla (TSLA)**](https://www.wsj.com/market-data/quotes/TSLA): Over 1.6 million of the company's electric vehicles in China will be recalled, a Chinese regulator said, citing [concerns over their autosteering function](https://www...
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