Honda has scrapped plans to jointly build a cheap electric car with US giant General Motors after rising costs made the project unviable...
Continue ReadingAs Tesla sheds prices of its most popular models to secure its market share, many other manufacturers are looking to challenge Elon Musk's electric car giant with their own EVs. Toyota luxury division Lexus has just upped the ante in the electric car market, as it unveiled the futuristic LF-ZC and LF-ZL concept cars at the Japan Mobility Show in Tokyo on October 25. The smaller of the bunch; the LF-ZC is around the same size as one of the best-selling EVs on the market; the Tesla Model 3...
Continue ReadingIn April 2022, General Motors and Honda announced plans to expand their relationship "to a new chapter" by jointly developing a series of affordable electric vehicles. "GM and Honda will share our best technology, design and manufacturing strategies to deliver affordable and desirable EVs on a global scale, including our key markets in North America, South America and China," Mary Barra, GM chair and CEO, said in a statement. Toshihiro Mibe, Honda president and CEO, said the two automakers "will build on our successful technology collaboration to help achieve a dramatic expansion in the sales of electric vehicles."...
Continue ReadingCompetition with Tesla extends beyond cars themselves. Investors in electric-vehicle charging company EVgo are learning that the hard way. On Wednesday, TD Cowen analyst Gabe Daoud downgraded shares of EVgo (ticker: EVGO) to Hold from Buy and dropped his price target to $4 from $6 a share...
Continue ReadingTesla, Inc.'s Q3 2023 earnings call left some disappointed, but the TSLA focus on AI and robotics for full self-driving offers potential upside. Click here for more...
Continue ReadingToday's top research calls for upgrade, downgrade and initiate on stocks, as compiled by The Fly...
Continue ReadingInitial indications suggest Tesla will go to market without the rear-wheel-drive base version initially tipped to start with a $39,900 price tag...
Continue ReadingThe United Auto Workers union just announced another massive escalation in its strike against the Detroit Three...
Continue ReadingPiper Sandler analyst Charles Neivert downgraded both Albemarle and Livent stock to Hold from Buy, and slashed his price targets...
Continue ReadingHedge fund manager Bill Ackman's successful short bet on US Treasuries, closing it due to a belief in a faster slowing economy. Click here to read what investors need to know...
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