(Bloomberg) -- Hertz Global Holdings Inc. earnings missed estimates amid headwinds from Tesla Inc. price cuts and the high price of repairs for electric vehicles.Most Read from BloombergControversial Chip in Huawei Phone Produced on ASML MachineApple Plans AirPods Overhaul With New Low- and High-End Models, USB-C HeadphonesIsrael Is Losing Support as Fury Grows Over Its Strikes on GazaWhat Happened Inside Morgan Stanley After Ted Pick Was Named CEOUS Economy Grew at a 4.9% Pace Last Quarter, Fas...
Continue ReadingDiscover the latest news on the lithium market, including price fluctuations, industry developments, and mining company updates. Click here for more...
Continue ReadingMeta Platforms , the social media giant behind Facebook, Instagram and WhatsApp, posted strong third-quarter results after the bell Wednesday. Li said that Meta is "seeing more volatility at the start of the quarter" due to the conflict in the Middle East. "Historically, we have seen broader demand softness follow other regional conflicts in the past," Li said...
Continue ReadingEli Lilly (NYSE: LLY) is the most valuable healthcare company in the world, with a market cap in excess of $550 billion. While there is a sizable gap in value between it and electric vehicle (EV) maker Tesla (NASDAQ: TSLA), whose market cap is around $700 billion, it has been shrinking. Could Eli Lilly be worth more than Tesla by the end of the decade?...
Continue ReadingBP's electric vehicle charger unit is ordering $100 million worth of Tesla ultra-fast chargers for rollout in the United States, the first deployment of Tesla's chargers on an independent network, the companies said on Thursday. The purchase is part of BP Pulse's plans to invest up to $1 billion in charging stations across the U.S. by 2030 and it offers EV market leader Tesla a new revenue stream. "Selling our fast-charging hardware is a new step for us, and one we're looking to expand," Tesla's senior director for charging infrastructure Rebecca Tinucci said in a statement...
Continue ReadingKey Insights Significantly high institutional ownership implies Tesla's stock price is sensitive to their trading.....
Continue ReadingToday bp (NYSE: bp) announced a deal in which bp pulse, bp's EV charging business, will acquire ultra-fast charging hardware units from Tesla (NASDAQ: TSLA) for $100 million. The investment will facilitate the expansion of the bp pulse public network across the US, while also enabling support for EV fleet customers by deploying chargers at their private depots. The introduction of Tesla's chargers to the bp pulse network is the first time the hardware will be purchased for an independent EV char...
Continue ReadingBP's electric vehicle charger unit is ordering $100 million worth of Tesla ultra-fast chargers for rollout in the United States, the first deployment of Tesla's chargers on an independent network, the companies said on Thursday. The purchase is part of BP Pulse's plans to invest up to $1 billion in charging stations across the U.S. by 2030 and it offers EV market leader Tesla a new revenue stream. "Selling our fast-charging hardware is a new step for us, and one we're looking to expand," Tesla's senior director for charging infrastructure Rebecca Tinucci said in a statement...
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Continue ReadingTesla stock had been forming what I suggested could be the last two legs of a promising upward movement. Read why I downgrade TSLA stock to a sell...
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