Tens of billions of dollars have all gone to money heaven, spent by EV start-ups that don't have profits on their near-term horizons...
Continue ReadingTech giants like Microsoft, Meta Platforms, Alphabet, and Amazon have seen minor stock declines, but future growth and AI services show promise. Read more here...
Continue ReadingEV sales at General Motors are coming a little more slowly that expected. But things at Cadillac look just fine...
Continue ReadingTesla (TSLA) closed at $239.37 in the latest trading session, marking a +0.27% move from the prior day...
Continue ReadingPensionDanmark, one of Denmark's largest pension funds, said on Wednesday it had decided to sell its holdings in Tesla over the U.S. auto company's refusal to enter into agreements with labour unions. The decision is part of a growing Nordic movement to force Tesla to sign collective bargaining agreements with Swedish mechanics, who have been on strike since October. Labour unions in Norway and Denmark this week said they would start blocking transit shipments of Tesla cars meant for the Swedish market...
Continue ReadingOn Tuesday, Nio Inc (NYSE: NIO) reported a narrower-than-expected third quarter loss. Like other automakers in China, Nio was pressured to slash prices, thinning its margins, in response to the price war that Tesla Inc (NASDAQ: TSLA) ignited at the beginning of the year. Nio’s Third Quarter Highlights Nio reported revenue below estimates of 19.4 billion yuan as sales amounted to 19.1 billion Chinese yuan which is about $2.7 billion. On the bright side, revenue rose 47% YoY. Unfortunately, Nio st...
Continue ReadingElon Musk's artificial intelligence start-up xAI is seeking to raise as much as $1 billion, a Securities and Exchange Commission filing from this week shows...
Continue ReadingThe WisdomTree US quality growth fund ETF has beaten the S&P 500 YTD with a return of ~50%, focusing on top stocks like Apple and Amazon. Read more on QGRW here...
Continue ReadingFormer auto designer Vicki von Holzhausen thinks carmakers can make their electric vehicles even greener — with the help of bamboo and bananas. Vegan leather made from those plants is a specialty of an eponymous “material innovation” company she founded in 2015 in Malibu, California. “We’re working with all of the (vehicle) manufacturers,” von Holzhausen said in an interview...
Continue ReadingTesla (TSLA) is warning buyers that two versions of its Model 3, the rear-wheel drive and long-range model, may not be eligible to receive the full $7,500 EV tax credit in the US. Those models will still, however, be eligible for half the credit, or $3,750. Yahoo Finance Autos Reporter Pras Subramanian explains why Tesla is issuing the warning in the video above. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live...
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