(Bloomberg) -- The electric-vehicle boom that spawned multibillion dollar startups overnight and pushed Tesla Inc.’s value into the stratosphere is starting to flounder just a few years after it began.Most Read from BloombergHouse Speaker Mike Johnson’s First Big Bill Cuts Biden’s Climate Change FundingUS Military Attacks Two Syrian Facilities It Says Linked to IranChina, US Release Dueling Videos With Accusations of ProvocationIsrael Latest: US Strikes Two Iran-Linked Facilities in SyriaA key t...
Continue ReadingElectric-vehicle maker Tesla raised prices on one of its Model Y vehicles. Also, Ford is delaying capital spending on EVs...
Continue ReadingConsidering that lithium will remain a key component of batteries in the coming years, this will lead to a substantial rise in demand for Albemarle's products. Click here to read...
Continue ReadingFord's EV lineup is struggling like its competitors, but EV king Elon Musk recently gave the entire industry a gift, according to CEO James Farley...
Continue ReadingAs of early Friday morning, the stocks of charging network companies ChargePoint (NYSE: CHPT) and EVgo (NASDAQ: EVGO) were down by about 17% and 13%, respectively, according to data provided by S&P Global Market Intelligence. At the same time, shares of early-stage EV maker Polestar (NASDAQ: PSNY) had declined by 10.2% from last Friday's closing price. Investors have had growing concerns about EV sales growth in general as sector bellwether Tesla has been lowering vehicle prices...
Continue ReadingArk Invest CEO Cathie Wood has been quieter than usual on social media as of late, but on the evening of Oct. 26, she disclosed via her X account that she's been watching an economical trend that isn't being properly spelled out in government statistics: just how weak the economy is. But some of her recent moves don't quite line up with her bullish stance on the sector — she's been dumping both Tesla and Nvidia stock left and right lately, although she let Nvidia go before its now-historic Q1 earnings...
Continue ReadingFord Motor Company (NYSE: F) just updated investors with its third-quarter results, and it has investors on the fence regarding what's to come from the automaker. If you do buy, don't expect to be rewarded from growth in Ford's Model e, the electric vehicle (EV) segment. Ford missed analyst estimates in the third quarter for both operating profit and earnings per share...
Continue ReadingFord Motor CEO Jim Farley sounded a lot like Elon Musk on the company’s third-quarter conference call—which is good news considering that Tesla CEO Elon Musk didn’t sound like his usual, confident self. Ford (ticker: F), on Thursday evening, reported weaker-than-expected third-quarter results. Ford stock was down 4.2% in premarket trading Friday while futures were up 0.4% and futures were little changed...
Continue ReadingAs if ongoing struggles from the UAW auto strikes aren't enough, GM is shuttering a nationwide experiment...
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