Investors often overlook the automotive industry due to its capital-intensive business, but discarding the entire industry will throw away some fantastic long-term opportunities. For example, Ferrari has qualities unlike any other automaker, Tesla is the only automaker profitably making electric vehicles (EVs), and General Motors might end up with the industry leading robotaxi service thanks to its Cruise company. All that said, if I could buy one auto stock it would be Rivian Automotive (NASDAQ: RIVN)...
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Continue ReadingFutures rose with U.S. markets closed Monday for Labor Day. Nvidia and the other Magnificent 7 stocks are near buy points...
Continue ReadingTesla cut prices on most of its models at the start of the year to help boost sales, and it again slashed the cost of its most expensive cars in August...
Continue Reading(Bloomberg) -- Mercedes-Benz Group AG unveiled an electric vehicle with a longer range than any Tesla Inc. model on the market as the German luxury-car maker intensifies its bid to challenge Elon Musk.Most Read from BloombergMercedes Bets on Range Boost in Swipe at Tesla’s EV LeadDiamond Prices Are in Free Fall in One Key Corner of the MarketHuawei Teardown Shows Chip Breakthrough in Blow to US SanctionsZelenskiy Swaps Out Defense Minister in Wartime Cabinet ShakeupThe company presented a near-p...
Continue Reading(Bloomberg) -- Europe’s automakers are showing off their latest battery-powered cars at the IAA Mobility car show this week as they try to challenge Tesla Inc. and fend off growing competition from China.Most Read from BloombergMercedes Bets on Range Boost in Swipe at Tesla’s EV LeadDiamond Prices Are in Free Fall in One Key Corner of the MarketHuawei Teardown Shows Chip Breakthrough in Blow to US SanctionsZelenskiy Swaps Out Defense Minister in Wartime Cabinet ShakeupThe number of Chinese compa...
Continue ReadingBYD and XPeng are showing off new electric vehicles for the European market at the IAA Mobility event in Germany. Tesla is also appearing for the first time in ten years...
Continue ReadingThe German car maker is ramping up its electric offering and is hoping to make waves in the sector with its new sedan...
Continue ReadingU.S. automaker Tesla sold 84,159 China-made electric vehicles (EVs) in August, a 9.3% rise from a year earlier, data from the China Passenger Car Association (CPCA) showed on Monday. Tesla started a price war in the world's largest auto market at the start of 2023 to defend its market share, which has come under pressure from chief local rival BYD and smaller players. Its moves included slashing prices in China twice in three days in August and announcing additional cuts on Friday, adding to its July cash rebates and stoking a price war that has drawn in 40-plus brands in China...
Continue ReadingU.S. automaker Tesla sold 84,159 China-made electric vehicles (EVs) in August, a 9.3% rise from a year earlier, data from the China Passenger Car Association (CPCA) showed on Monday. Tesla started a price war in the world's largest auto market at the start of 2023 to defend its market share, which has come under pressure from chief local rival BYD and smaller players. Its moves included slashing prices in China twice in three days in August and announcing additional cuts on Friday, adding to its July cash rebates and stoking a price war that has drawn in 40-plus brands in China...
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