The Federal Open Market Committee (FOMC) statement seemed dovish, at first, but then the FOMC signaled that one more Fed rate hike was not only possible, but likely...
Continue ReadingThe Dow Jones rose as Donald Trump pressured Republicans to trigger a government shutdown. Tesla stock rose amid a bearish call. Li Auto slid...
Continue ReadingTrump claims EVs are a "hoax," even though Elon Musk became the world's richest person by building them...
Continue ReadingA California start-up unveils is flying car prototype at the Detroit Auto Show, as other companies seek their place in the sky...
Continue ReadingOn Friday, the United Auto Workers union announced it is expanding its strike against General Motors (NYSE: GM) and Stellantis (NYSE: STLA) while significant progress has been made in negotiations with Ford Motor (NYSE: F).While some fears eased no additional factories will be added besides the three assembly facilities that are already on strike, which are Ford truck plant in Wayne, Michigan, GM plant in Wentzville, Missouri and the Stellantis in Toledo, the deepening of the strikes is aiming a...
Continue ReadingAlexandria Ocasio-Cortez wants a union-made EV, but the UAW strike and the Biden EV push can't disguise the fact that those aren't plentiful...
Continue ReadingIn 2018, billionaire Elon Musk vocalized his concerns for a sustainable future. His public messages have been a call for decisive action against climate degradation for years. When Michael E. Mann, a renowned climate scientist, stated that climate change was intensifying events like droughts, heatwaves and fires, Musk responded with urgency on X, formerly Twitter. He questioned the continued reliance on fossil fuels, posting, "We know we'll run out of dead dinosaurs to mine for fuel & have to us...
Continue ReadingWhat happened Shares of rising Chinese electric-car company Li Auto (NASDAQ: LI) cratered 9.8% through 9:45 a.m. ET on Monday as competition heated up in China's domestic electric-vehicle (EV) industry...
Continue ReadingIn recent developments surrounding Tesla Inc. (NASDAQ: TSLA), the company is making significant strides in both the electric vehicle industry and the realm of robotics. From discussions with Thailand's Prime Minister about expanding Tesla's presence in the country to revolutionary manufacturing techniques and advancements in humanoid robotics, Tesla continues to push the boundaries of innovation. Collaboration with Thailand: Tesla CEO Elon Musk recently met with Thailand's Prime Minister, Prayut...
Continue ReadingThe Dow Jones Industrial Average dropped Monday, as the market correction worsens. The 10-year Treasury yield spikes to new highs...
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