The proposal would boost CAFE requirements by 2% annually for cars and 4% annually for trucks, with the goal of reaching an average fuel efficiency of 58 miles per gallon by 2032. The NHTSA's goal with its proposal is to provide "critical" cost-savings to American consumers, while additionally increasing energy savings...
Continue ReadingTesla has cut the price of its entry-level Model 3 car in Britain in the latest effort to boost demand for its electric vehicles amid growing competition and sluggish sales...
Continue ReadingTesla will recall 54,676 Model X vehicles made between 2021 and 2023, for reported failures to display a warning light for low brake-fluid levels...
Continue ReadingTesla, Inc. emerges as a profitable juggernaut, leading the EV market with exponential growth projections and a discounted stock valuation. Click here for more on TSLA...
Continue ReadingEarnings season is in full effect, with big banks JPMorgan Chase (JPM), Citigroup (C), and Wells Fargo (WFC) reporting solid results. Goldman Sachs (GS) is set to report on Tuesday, October 17, while Morgan Stanley (MS), Tesla (TSLA), and Netflix (NFLX) will be reporting on Wednesday, October 18. Yahoo Finance spoke to experts across the industry to break down the top things to watch for this earnings season. Yahoo Finance Senior Business Reporter Ines Ferré is keeping an eye on big tech companies and what to expect from Tesla and Netflix Q3 reports. Ferré said, "Look, the expectations are still high for these companies." AutoBlog Editor-in-Chief Greg Migliore broke down the latest round of price cuts by Tesla and what that means with regard to company outlook. Migliore said, "Lower prices cut into margins, which means third quarter earnings are probably going to be a little bit lighter, more pedestrian, than we've seen in recent years." Yahoo Finance Senior Autos Reporter Pras Subramanian is looking at three big things from Tesla's Q3 results. Subramanian explained, "Number one is delivery guidance ... I'm watching for Cybertruck production and delivery news ... Finally the Model 3 refresh that's out in certain markets, but it's not here in the U.S. just yet." According to Oppenheimer Managing Director & Head of Internet Research Jason Helfstein, there are three key things to watch with regard to Netflix's Q3 results: net subscriber adds, average revenue per membership, and plans for ad-tier. Helfstein said, "That's where the noise is in the numbers, ultimately that revenue per subscriber they call ARM." RBC Capital Markets Analyst Gerard Cassidy broke down the recent bank earnings and why RBC is bullish on big banks. Cassidy explained, "I think what you're going to hear from Goldman and others ... is that the inflows are still strong, but they're moving more into cash-like products that have lower margins." Wall Street Journal Reporter Ben Eisen discussed the concerns of bank executives despite a strong start to earnings season. Eisen said, "A lot of the bank executives are signaling that we're kind of at a crossroads at this point ... as we get further and further along into this era of higher interest rates that we've seen, we are seeing some of that slowdown come." Video highlights: 00:00:03 - Yahoo Finance Senior Business Reporter Ines Ferre 00:00:14 - AutoBlog Editor-in-Chief Greg Migliore 00:00:39 - Yahoo Finance Senior Autos Reporter Pras Subramanian 00:01:04 - Oppenheimer Managing Director & Head of Internet Research Jason Helfstein 00:01:35 - RBC Capital Markets Analyst Gerard Cassidy 00:01:56 - Wall Street Journal Reporter Ben Eisen...
Continue ReadingThe Dow Jones dropped Tuesday after strong U.S. retail sales data. Tesla stock fell after recalling nearly 55,000 vehicles...
Continue ReadingDollar Tree (DLTR) shares are on the move this morning after Goldman Sachs analysts upgraded the discount store to "Buy." Tesla (TSLA) recalls 55,000 Model Y EVs on issues to its warning lights, set to resolve the issue with an over-the-air fix. Nvidia (NVDA) and other chipmaker stocks, such as Intel (INTC) and Advanced Micro Devices (AMD), are sliding this morning on the Biden administration's new export restrictions targeting China's ability to purchase new AI chips. Yahoo Finance Live examines these stocks trending in the morning session and President Biden's tightening China policies. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live...
Continue ReadingEV start-up Faraday Future Intelligent Electric has a Master Plan, just like Tesla It’s plan isn’t as detailed as Tesla’s, but Faraday is focused on achieving profitability. Monday, Faraday (ticker: FFIE) outlined a plan to “achieve sustainability and profitability while aiming to reduce dependence on external funding sources.” The company completed a 1-for-80 reverse stock split in August, and its market capitalization is now about $20 million...
Continue ReadingThe sector has attracted a ton of attention since Tesla (NASDAQ: TSLA) skyrocketed in 2020 as the company turned profitable and traditional automakers turned their attention to electric vehicles. Most of the industry now seems to accept that electric vehicles will eventually displace combustion-powered ones, and that's made pure-play EV stocks like Rivian (NASDAQ: RIVN) and Lucid Motors popular as well, though both stocks are down substantially from their earlier peaks. On Monday, Ford said it was laying off 700 workers at its F-150 Lightning plant, cooling off hopes for the electric version of its top-selling pickup truck...
Continue ReadingElectric semi-truck competitor Volta Trucks said Tuesday that it has begun the process of filing for bankruptcy in Sweden, only a few years after the company got its start in 2019. Volta said in a statement that its manufacturing plans took a heavy hit when its battery supplier Proterra filed for Chapter 11 Bankruptcy in August. "The Board has not taken this course easily or lightly and is fully aware of the significant impact this will have on the organization's dedicated workforce, as well as customers and partners," Volta said in a statement...
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