Tag TSLA
On Thursday before the bell, Ford Motor (NYSE: F) shares rose 3% before the bell as it reached a tentative deal with the UAW. Shares of General Motors (NYSE: GM) also followed with a 1% rise as analysts expected the automaker to follow Ford’s footsteps and end an unprecedented strike that the consultancy Anderson Economic Group estimated to have had an economic cost of $9.3 billon. Also today, Stellantis (NYSE: STLA) revealed that it will be buying a 21% stake in Leapmotor, a Chinese EV maker, f...
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Manufacturing has long been seen as on the decline in the US. Despite still accounting for well over $2 trillion in GDP, the once foundational sector has been waning since its height in the middle of the 20th century. Through much of the 50s, manufacturing accounted for over 25% of GDP and over 30% of jobs. Today those numbers have fallen to 11% and under 8%, respectively. A Competitive Edge? The US labor market is extremely competent and generally intelligent. So, what the US lacks in access to...
Continue ReadingGenerative AI should follow the signals from driverless cars that behave better on the roads than we do...
Continue ReadingIt’s a bad day for tech, so bad that the stocks of Apple Nvidia Tesla and the rest of the Magnificent Seven are sliding. Meta Platforms (META), down 3.3%, is leading the group lower after offering disappointing spending plans, while Alphabet (GOOGL), off 1.9%, continues its post-earnings slide. Amazon.com (AMZN) shares have dropped 1% ahead of its own release after Thursday’s close, while Microsoft (MSFT), Apple (AAPL), and Nvidia (NVDA), have each dropped more than 2%...
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Elon Musk and Tesla Inc. continue to lead the electric vehicle revolution. In addition to a growing lineup of vehicles, the company owns and operates more than 50,000 Superchargers throughout the country. While Tesla is on solid footing, there's a competitor lurking. That competitor is known as the unitized regenerative fuel cell system (URFC). The use of batteries for a better future isn't exclusive to the auto industry. For example, single-use batteries are being phased out by sustainable, rec...
Continue ReadingGlobal market conditions are contributing to slowed demand for electric vehicles. Automakers, including GM and Honda, have responded by scrapping plans to produce affordable EVs...
Continue ReadingFord Motor General Motors and Mercedes-Benz are all lamenting how tough the electric vehicle market has become., and Volkswagen is complaining about profitability, too. Tesla, remember, elected to start a price war to maintain its EV sales. The German auto maker reported third-quarter numbers that included some disappointing guidance...
Continue ReadingBack in April 2022, General Motors and Honda announced they would be expanding their already two-year-old partnership to include a number of affordable electric vehicles -- primarily smaller crossover.....
Continue ReadingBP Pulse — an offshoot of the oil giant that specializes in electric vehicle charging — has placed a $100 million order of Tesla's ultra-fast EV chargers. The investment, according to the company, comes as part of an effort to expand its public EV charging network across the U.S. This marks the first time that Tesla's charging hardware has been purchased for an independent charging network, the company said...
Continue ReadingDespite the recent price adjustments and risks, Tesla is still priced for perfection. There is more room downward. Learn more about TSLA stock here...
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