↗️ Trump Media (DJT): Shares in the operator of Truth Social, majority owned by President Trump, jumped around 9% after it signed an agreement with Crypto.com to launch exchange-traded funds and products...
Continue ReadingEuropean sales of Tesla electric vehicles tumbled 49% in the first two months of the year compared with a year earlier even as overall sales of EVs grew, according to the European Automobile Manufacturers' Association. There have been complaints about an aging lineup of vehicles from Tesla and also a significant backlash against CEO Elon Musk and his affiliation with the Trump administration in the U.S. In Europe, Musk's endorsement of Germany's far-right Alternative for Germany party in last month's national election drew broad condemnation. On Tuesday, BYD reported a record 777.1 billion yuan ($107 billion) in revenue for 2024 as sales of its electric and hybrid vehicles jumped 40%...
Continue ReadingThe EV maker’s shares rose 11.9% on Monday, the best one-day gain since the near-15% rise on Nov. 6. This came after a 5.3% rise on Friday...
Continue ReadingIt's another big day on Wall Street. Here are three things investors are watching for Tuesday, March 25. President Donald Trump says auto tariffs are still coming as concerns about the levies still weigh on the markets. Atlanta Fed President Raphael Bostic says he only sees one rate cut from the Fed this year, not two. Tesla's (TSLA) sales in Europe fell by 40% in February from a year prior. To watch more expert insights and analysis on the latest market action, check out more Morning Brief here...
Continue ReadingCathie Wood Stands Bullish on Tesla, Robo-Taxis Seen as Key Growth Driver...
Continue ReadingTesla sales in the European Union tumbled for a second consecutive month in February, even as overall new battery-electric vehicle registrations increased...
Continue ReadingTesla's European sales fall 40%, with market share declining amid tough competition...
Continue ReadingChina’s Xiaomi raised $5.5 billion in an upsized stock sale as the company moves to expand its burgeoning electric vehicle business, following BYD’s (BYDDF) lead...
Continue ReadingTesla will report key delivery figures next week, with detailed earnings expected in late April...
Continue ReadingHyundai (HYMTF) is set to announce a $20B investment in U.S. onshoring that includes a $5B steel plant in Louisiana, people familiar with the plans told CNBC’s Seema Mody. The new steel plant will produce next-generation steel that will be used by Hyundai’s two U.S. auto plants to manufacture electric vehicles, the report noted. The investment is expected to be announced Monday at the White House by President Donald Trump, Hyundai Chairman Euisun Chung and Louisiana Gov. Jeff Landry, CNBC added...
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