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Continue ReadingLooking for stock market analysis and research with proves results? Zacks.com offers in-depth financial research with over 30years of proven results...
Continue ReadingLooking for stock market analysis and research with proves results? Zacks.com offers in-depth financial research with over 30years of proven results...
Continue ReadingThe major indexes held near 2023 highs Tuesday. Tesla cleared a key level heading into the Cybertruck delivery event...
Continue ReadingEnthusiasm in the automobile industry related to the ramp up of electric vehicle production and deliveries was growing over the last 10 years before a rise in inflation and interest rates in 2022 and 2023 contributed to a reduced demand for EVs. Ford in July lowered the price of its signature EV truck the F-150 Lightning by 16%, or $9,980, to $59,974, and has since then reduced the price to $49,995, according to the company's website on Nov. 28. Ford's price reductions might be necessary to stay competitive as Tesla plans to begin delivering its new Cybertruck EV on Nov. 30...
Continue ReadingFor years, Hota Industrial Mfg. Co has made gears, shafts and other auto parts in Taiwan and shipped them to large foreign carmakers such as Tesla, Ford Motor and General Motors. But soaring shipping costs during the pandemic and escalating cross-strait tensions have forced some of Hota's customers to re-evaluate their reliance on Taiwan, a democratically governed island that China claims as its own and has not ruled out taking by force. To address client concerns about supply chain security and to move closer to North America, which accounts for 70% of its sales, Hota in September announced a $99 million investment in a plant in New Mexico, its first outside Asia...
Continue ReadingThe "Magnificent Seven" has been, well, magnificent. But investor beware: As one analyst points out: “No stock outperforms forever.”...
Continue ReadingTesla vehicle insurance registrations in China continue to pick up as the EV giant attempts to reach record Q4 sales worldwide and full-year targets. Meanwhile, Tesla once more nudged China prices higher, but also announced new discounts. Tesla insurance registrations in China totaled 16,700 last week, up 2.5% from 16,300 the prior week, according to data reported by CnEVPost...
Continue ReadingThe National Labor Relations Board has dismissed a claim from workers at a Tesla Gigafactory (TSLA) in Buffalo, New York who argued they were fired over their attempts to unionize. However, there are two other claims the NLRB and Tesla will need to resolve, one regarding recordings at work and another which claims the EV maker was soliciting complaints about union activity. Yahoo Finance Legal Correspondent Alexis Keenan weighs in this ongoing battle and— and the company’s myriad of legal woes. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live...
Continue ReadingOn November 22nd, just before Thanksgiving, Tesla Inc (NASDAQ: TSLA) CEO Elon Musk made a post on his X platform, revealing that Cybertrucks are on their way to North America stores. With several delays, Tesla is finally to enter the pickup truck segment, bringing in stainless steel design into the picture on November 30th. Moreover, Tesla will be hosting an extravaganza event to honor the occasion and it will be livestreamed on its website. Tesla Always Makes An Entrance Although challenging pr...
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