It's good practice for investors to think beyond the Mag Seven, say the CEOs of Apollo and Avenue Capital Group...
Continue ReadingWASHINGTON (Reuters) -U.S. auto safety investigators are seeking detailed answers and documents from Tesla in a probe into the automaker's December recall of more than 2 million vehicles to install new Autopilot safeguards. The National Highway Traffic Safety Administration (NHTSA) said last month it was investigating after receiving reports of 20 crashes involving vehicles that had the Autopilot software updates installed under Tesla's recall. Tesla said in December its largest-ever recall covering 2.03 million U.S. vehicles - or nearly all of its vehicles on U.S. roads - was to better ensure drivers pay attention when using its advanced driver assistance system...
Continue ReadingTesla's stock value is threatened by the smaller-than-expected overall EV market, causing concern for its future sales. Explore more details here...
Continue ReadingElon Musk’s recent surprise trip to China paid off handsomely. Beijing’s tentative backing for Tesla’s “Full Self-Driving” technology kicked off the sharpest one-day percentage gain the stock had seen in more than three years. Tesla will partner with Chinese search giant Baidu on mapping and navigation...
Continue ReadingElectric-vehicle start-up Lucid reports weak first-quarter results. Tesla shares follow Lucid shares lower...
Continue ReadingThe latest investor updates on stocks that are trending on Tuesday...
Continue ReadingTesla's sharp slide contrasts with rising EV sales in the world's largest auto market and rival BYD's almost 50% jump...
Continue ReadingChina electric vehicle maker Nio has struck a deal with larger rival BYD to source batteries for an EV brand priced at a lower range that aims to compete with Tesla, three sources with direct knowledge of the matter said. It also shows the impact of unrelenting competition over the price of new EVs in China's market, and batteries, the largest single cost in a new vehicle. Nio, which launched as a start-up a decade ago, had intended to produce batteries in-house but abandoned those plans in December as it shifted its focus to cutting costs to reverse losses...
Continue ReadingThe Tesla CEO avoided any mention of his car company or X, formerly known as Twitter, in a highly anticipated chat at the Milken conference...
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