The U.S. equity market continued its bull rally throughout July and early August, despite the Federal Reserve resuming interest rate hikes. Major indexes such as the S&P 500, Nasdaq Composite, and Dow Jones Industrial Average have posted gains of 16%, 30%, and 6%, respectively, so far this year. Investors are feeling increasingly confident in the Federal Reserve's ability to control inflation without causing a recession...
Continue ReadingSince taking the helm of Ford Motor Company (NYSE: F) in late 2020, CEO Jim Farley has been hyping the automaker's electric-vehicle plans. In late 2021, Farley said Ford would be America's No. 2 EV maker by the end of 2023, with plans to overtake market leader Tesla later in the decade. Ford reached the No. 2 spot in the U.S. EV market in 2022, ahead of schedule, unseating General Motors (NYSE: GM)...
Continue ReadingFord Motor Company (NYSE: F) and other legacy automakers are making the transition to electric vehicle (EV) sales, but it's been no joyride. While Ford ramps up production, every EV that rolls off the production line of this mighty American automaker loses money. Considering the losses it's absorbing, it may be concerning for some investors that Farley recently touted a fourfold increase in Ford's EV sales in 2023 to some 400,000 units...
Continue ReadingWhen Fourier Intelligence unveiled its lanky, jet-black humanoid robot GR-1 at the World Artificial Intelligence Conference (WAIC) in Shanghai in July, it instantly stole the show. While the global technology community has been fixated on artificial intelligence (AI) software since the launch of OpenAI's ChatGPT in November, the Chinese-made GR-1 - said to be capable of walking on two legs at a speed of 5km an hour while carrying a 50kg load - reminded people of the potential of bipedal robots,...
Continue ReadingIt's never quiet in Elon Musk's world. Between Tesla, SpaceX, Neuralink, X and the coming cage match with Mark Zuckerberg, Musk had a lot going on this week...
Continue ReadingWith the Nasdaq Composite index up 32% in 2023 (as of Aug. 9), it's clear that investors are starting to feel optimistic again. With the stock up so much in 2023, should investors buy, sell, or hold Tesla right now? Let's take a closer look at this top automotive stock...
Continue ReadingTesla's value for investors will likely come from products that don't exist or haven't been proven in the real world...
Continue ReadingYou can find some great AI investment opportunities by looking at the stocks in Wood's Ark Invest portfolio...
Continue ReadingThe chief financial officer’s move to step down is the latest example of high-level churn at the electric-vehicle company...
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