Electric vehicle powerhouse Tesla (NASDAQ: TSLA) posted another quarter of impressive growth, but investors were more focused on CEO Elon Musk's efforts to temper expectations about what is to come. Shares of Tesla fell 19.7% for the month, according to data provided by S&P Global Market Intelligence, as investors digested the numbers and tried to make sense of this much-debated company. Tesla has established itself as a world leader in the production of electric vehicles, and that trend continued in the third quarter...
Continue ReadingThe United Auto Workers hopes the significant wage and benefit gains in tentative agreements with Ford, General Motors and Stellantis, the parent of Jeep and Chrysler, will spark unionization efforts throughout the US auto industry...
Continue ReadingOn Tuesday, the price of a popular memecoin — a type of cryptocurrency that's based on an internet sensation — promoted by Tesla and X CEO Elon Musk jumped more than 200% after Musk posted a picture of his cherubic pet dog named Marvin on the social media platform X, formerly known as .....
Continue ReadingBYD’s battery electric vehicle sales growth just won’t let up. It’s about to take a sales crown from Tesla The Chinese EV upstart’s success also exposes a risky bet from Tesla CEO Elon Musk to wait on producing a low-price vehicle. The Chinese EV maker sold 301,095 passenger vehicles comprised of 165,505 battery electric vehicles, or BEVs, and 135,590 plug-in hybrids...
Continue ReadingThe UAW strike, which began Sept. 15, appears to be pumping the brakes. The union has reached tentative deals with Detroit Three automakers Ford, General Motors and Stellantis. Next, the UAW may be shifting to unionize workers at Tesla, Toyota and Volkswagen. In an interview for Investor's Business Daily's Industry Insights show, Mike Colias from the Wall Street Journal broke down.....
Continue ReadingOn October 30th, Tesla Inc (NASDAQ: TSLA) rival, BYD Company Limited (OTC: BYDDY), reported its highest ever quarterly profit for its third quarter. BYD shares are up 1.7% this month, outperforming Tesla whose stock took a 17% dive and declines in other peers as well. By reporting a growth slowdown, a warning was sent to all EV makers but BYD defied its trend with its latest quarter, showing it preserved its domestic market leadership despite softer demand and intensified competition in China. B...
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