One mega-cap tech stock stood out in an otherwise choppy session. Market participants returned from a long holiday weekend only to be greeted by downbeat economic data, rising Treasury yields and higher prices for crude oil.Economic data from overseas set the mood early in the session. China reported its slowest rate of growth in services activity in eight months, while a survey in Europe revealed a steeper-than-forecast decline in business activity in the euro zone. In a separate development th...
Continue ReadingTesla (TSLA) shares are trading in the green on news its price cuts in China may be working. Tesla's China-made EV deliveries were up 9.3 percent year-over-year, with a total of 84,159 vehicles sold in August, according to the Chinese Passenger Car Association. Yahoo Finance Live discusses what this means for the company...
Continue ReadingTesla stock was rising Tuesday following reports that production at the electric vehicle maker’s manufacturing plant in Shanghai [rebounded in August](https://www.barrons.com/articles/tesla-china-shanghai-deliveries-8245982f?mod=md_stockoverview_news)...
Continue ReadingFord Pro CEO Ten Cannis explains the potential for software-defined vehicles. The auto maker's investors stand to benefit if he is right...
Continue ReadingTesla has once again cut prices on the brand-new Model 3 in North America. Back in June, Tesla announced discounts of up to $2,500 on most of the Model 3 North American inventory trims (pre-packaged.....
Continue ReadingLucid CEO Peter Rawlinson topped a survey of the most highly paid auto maker CEOs. Tesla CEO Elon Musk has an opinion about that...
Continue ReadingMercedes-Benz (MBG.DE) debuted its new electric CLA concept, featuring 400 miles of range. This range would be more than Tesla’s (TSLA) Model 3 vehicle, which offers around 330 miles of range. Yahoo Finance's Pras Subramanian breaks down the concept's unveiling...
Continue ReadingU.S. equities declined at midday on Tuesday, Sept. 5, 2023 amid worries about higher oil prices and interest rates...
Continue ReadingAmazon Web Services is pivoting its attention to cars as it works to speed along the development of autonomous driving software...
Continue ReadingIn an effort to challenge Tesla's dominance of the market, Volkswagen unveiled a few new concept EVs at the IAA Mobility motor show in Munich over the weekend, highlighting a long-term plan to offer the widest available EV range on the market, increasing accessibility while also tapping into luxury. Volkswagen plans to produce only electric vehicles in Europe by 2033 at the latest; over the next decade, it will continue to offer combustion and hybrid models. In keeping with that effort to increase the efficiency of combustion, a plug-in hybrid version of the company's popular Passat and Tiguan models will be made available soon, each with an electric range of about 100 km (62 miles)...
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