Shares of electric-vehicle maker Tesla have reversed a recent rally and could be heading back to support near $165...
Continue ReadingKLP, Norway's largest pension fund and a Tesla investor, may ask the electric carmaker's annual general meeting to address CEO Elon Musk's reluctance to engage in collective bargaining, the fund said on Thursday. A strike by Tesla mechanics in Sweden, among the country's longest labour disputes, has for months disrupted the automaker's operations and attracted the concern of several Nordic institutional investors...
Continue ReadingWith many concerns in the air about the EV revolution running out of steam as even the EV king, Tesla Inc (NASDAQ: TSLA) came short of estimates as it posted its first deliveries drop in four years, Volkswagen AG (OTC: VWAGY) and Bayerische Motoren Werke Aktiengesellschaft (OTC: BMWYY) provided some much-needed optimism on the EV front. Helped by price cuts, Volkswagen’s e-offensive is showing results in the world’s biggest car market. While Volkswagen faced a diminishing EV demand in Europe, Eu...
Continue ReadingTesla start to April in China has been weak and that isn’t good news for weary Tesla investors. Tesla’s “April sales may drop 60% month over month,” added the analyst in a Tuesday evening report. Tesla also underperformed other auto makers...
Continue ReadingThe market rally skidded as investors pushed back Fed rate cut forecasts on hot inflation data. Nvidia rose masking broad weakness...
Continue ReadingThe $7.8 billion flagship Ark Innovation ETF has lost 7% year-to-date...
Continue ReadingTesla start to April in China has been weak and that isn’t good news for weary Tesla investors. In March, the electric vehicle giant sold an about 62,000 vehicles in China. Tesla’s “April sales may drop 60% month over month,” added the analyst in a Tuesday evening report...
Continue ReadingPresident Javier Milei of Argentina kicked off a visit Wednesday to the United States, where he'll meet with tech billionaire Elon Musk, as his government seeks an infusion of cash to overhaul Argentina's embattled economy. The populist president started his four-day trip in Miami, home to Argentine soccer superstar Lionel Messi and among the largest populations of Argentines in the U.S., where the Chabad-Lubavitch sect of Hasidic Judaism will honor him at a local synagogue. Milei will meet with Musk on Friday in Texas, his spokesperson said, where he will also tour a factory for Tesla, Musk’s electric car company...
Continue ReadingWhen the EV pioneer and U.S. market leader, Tesla (NASDAQ: TSLA) reported its quarterly decline in deliveries since 2020, hell of concerns broke lose. If Tesla came short of expectations, what can be expected of others and especially, startups who are already operating on thin ice. But then, Rivian Automotive Inc (NASDA: RIVN) topped estimates for quarterly deliveries last week. This week, so did Lucid Group (NASDAQ: LCID). Lucid had a better-than-expected first quarter, setting a delivery recor...
Continue ReadingIn a significant week for the autonomous vehicle industry, tech giants Apple Inc. (NASDAQ:APPL), Alphabet Inc. (NASDAQ:GOOGL) and Tesla Inc. (NASDAQ:TSLA) have made headlines. Apple has exited the self-driving car race, while Alphabet’s Waymo and Tesla’s robotaxis are making strides in the sector. Apple has been secretive about its autonomous vehicle initiatives but has hinted at its interest through various actions, such as hiring executives from car manufacturers like Lamborghini and Tesla and...
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