Bethalto, Illinois fire crews responded to Route 255 on Sunday afternoon after a Tesla battery reportedly caught fire and posed potential issues with hazardous materials...
Continue ReadingTesla stock reversed its strong start to the week and fell Tuesday. The stock market deserved some of the blame early in the day, but investors also need to consider the impact of recent comments from Tesla CEO Elon Musk. On Monday, Tesla shares had gained 6.3% to $173.80...
Continue ReadingNvidia rises slightly after the semiconductor company unveils its highly anticipated Blackwell chip, Super Micro files to sell 2 million common shares, and Fusion Pharmaceuticals surges after reaching a deal to be acquired by AstraZeneca...
Continue ReadingNvidia CEO Jensen Huang unveiled its Project GROOT during the company's developer conference...
Continue ReadingXPeng Inc (NYSE: XPEV) delivered a less-than-feared fourth quarter loss due to cost cuts that brought margin improvements. However, the China-based EV maker provided a muted EV delivery guidance amid the economic and demand slowdown, joining the EV king Tesla Inc (NASDAQ: TSLA) who also warned of a slowdown by stating this year’s vehicle volume growth could be “notably lower” compared to last year. Both Tesla and XPeng confirmed the launch dates of their affordable EVs in response to the rising...
Continue ReadingEV research firm Inovev found that the Tesla Model Y topped global auto production numbers last year, but Chinese models are growing in popularity...
Continue ReadingThe current AI-infused record highs in the stock market have some people remembering 2000, when the dot-com bubble burst leaving many investors holding the bag. But veteran financial journalist Allan Sloan says that he was there and this feels much different...
Continue ReadingOver the weekend, Tesla Inc (NASDAQ: TSLA) announced it will raise the price of U.S. Model Y prices on April 1st as well as of Model Y prices in Europe on March 22nd. In China, Tesla is currently offering fresh inventory discounts for Model Y trims. To maintain the sales momentum, Tesla has been aggressively lowering prices for more than a year. As a result, its auto gross margins, which peaked at 30% during 2021’s fourth quarter amid industry chip shortages, have plunged well below 20%. Even Te...
Continue ReadingThere is a simpler way for investors to buy the "Magnificent Seven" stocks...
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