The National Highway Traffic Safety Administration (NHTSA) has opened an investigation into certain Tesla vehicles over a loss of steering control and power steering...
Continue ReadingBeginning the new month on an inauspicious note, shares of Rivian (NASDAQ: RIVN) are stuck in reverse today. After rising yesterday, the electric pickup manufacturer's stock is facing pressure from an analyst's downgrade and news that Ford (NYSE: F) is seeing higher demand for its electric pickup. Feeling less bullish about Rivian's prospects, Andres Sheppard, an analyst at Cantor Fitzgerald, downgraded the stock to neutral from overweight...
Continue ReadingMeanwhile, EV start-up Canoo (NASDAQ: GOEV) is deftly maneuvering around the pileup, and tacking on a 2% gain -- not quite as impressive as Canoo's 19% run-up on Monday, but still a neat trick, considering. Well, considering what Elon Musk just said about the state of America's electric grid. In case you haven't heard, over the weekend, the CEO of Tesla (NASDAQ: TSLA) -- in one way or another a rival to all three of the EV-industry stocks listed above -- sounded a sour note about the future of EV companies in America...
Continue ReadingThe National Highway Traffic Safety Administration (NHTSA) has initiated a probe into Tesla's 2023 editions of Models 3 and Y...
Continue ReadingShares of electric grid enhancer American Superconductor (NASDAQ: AMSC) stock went off to the races Tuesday morning, galloping ahead 47.8% through 9:50 a.m. ET as investors snapped up shares ahead of the company's fiscal Q1 2023 earnings report. American Superconductor announced yesterday that it will release Q1 results after close of trading on Wednesday, Aug. 9. American Superconductor didn't so much as hint at what its results might look like next week, however...
Continue ReadingThe NASDAQ recorded its strongest six-month performance in history, driven by top tech stocks such as Apple, Microsoft, and Amazon. Click here to read more...
Continue ReadingLast week, Ford Motor (NYSE: F) revealed its EV transformation is set to bring a $4.5 billion loss this year, with the legacy automaker increasing its loss estimate despite the increase in EV revenue. Meanwhile, pioneering automotive and energy accessories innovator and maker, Worksport Ltd (NASDAQ: WKSP) has revealed today that it has officially kicked off production at its U.S. facility, a week ahead of its scheduled launch date. Worksport Announces Earlier Than Expected Production Launch Work...
Continue ReadingU.S. regulators open a safety probe into EV maker Tesla over reports of loss of steering control in 280,000 Model 3 and Model Y vehicles. Yahoo Finance Senior Reporter Pras Subramanian details drivers' concerns and accidents tied to these steering issues. Recently, it has also become known that Tesla created a "secret team" to suppress customer complaints about EV charging range anxieties...
Continue ReadingToyota's operating margins are back above those of electric vehicle giant Tesla. The battle for global automotive dominance continues...
Continue ReadingEarlier this year, Tesla Inc. CEO Elon Musk made light of Berkshire Hathaway Inc. CEO Warren Buffett and his right-hand man Charlie Munger's performance in response to a post showcasing their company's portfolio growth from 1994 to 2022. Musk tweeted, "Munger could've invested in Tesla at ~$200M valuation when I had lunch with him in late 2008." Don’t Miss: Billionaires are making their money in the private markets, and This Startup Is Revolutionizing Healthcare Investment so anyone can get invo...
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