Electric vehicle (EV) manufacturer Tesla Inc. (NASDAQ:TSLA) will halt production at its Berlin plant from Jan. 29 to Feb. 11, 2024, according to Reuters. Tesla relies heavily on batteries shipped from China. And, the supply chain issue caused by attacks on the Red Sea shipping route is the primary cause for this interruption. Over the long term, the proposed India-Middle East-Europe Economic Corridor (IMEC) transit route, which connects India's western coast to Israel via the Arabian Gulf countr...
Continue ReadingThink you know Cathie Wood's top investment pick? Beyond Tesla and Nvidia, another tech pioneer holds the top spot in 2024...
Continue ReadingGM signals for the first time when it may make money from its expansive lineup of electric vehicles...
Continue ReadingTesla is slashing its vehicle prices around the globe in response to increasing competition from other automakers, particularly in China, where companies like BYD are offering advanced EV technologies at lower prices...
Continue ReadingAn EV Maker That's Also a Technology Innovator and a Pioneer in the Streaming Space...
Continue Reading“We need to make sure we have beautifully designed vehicles…at the right cost base,” Barra told investors...
Continue ReadingTesla's recent selloff may be a buying opportunity as CEO Elon Musk referred to the company as being "between" two growth waves. Learn more about TSLA stock here...
Continue ReadingAcclaimed actor and entrepreneur George Clooney has had diverse experiences in both the automotive and spirits industries. Clooney faced reliability issues with his Tesla Roadster, one of the electric car company’s early models. In an interview with Esquire magazine, Clooney expressed his frustration, stating, “I had a Tesla. I was one of the first cats with a Tesla. I think I was, like, No. 5 on the list. But I’m telling you, I've been on the side of the road a while in that thing, and I said t...
Continue ReadingStocks are slipping, with most of the S&P 500's sectors in retreat. One exception: consumer discretionary. One reason: auto shares. + Car stocks are some of the sector's biggest gainers today. General Motors is among the benchmark index's top performers, rising after offering an upbeat [outlook for profits](https://www...
Continue ReadingAfter Ford Motor (NYSE: F) decided to cut the output of its electric F-150 pickup, the Lightning, pickup tonneau cover maker, Worksport (NASDAQ: WKSP), continues to defy the EV downshift trend. Today, Worksport announced it will be expanding its B2B dealer network in the U.S. and Canada which means revolutionary products with which Worksport promises to disrupt the definition of pickup trucks will be available on Amazon.com Inc (NASDAQ: AMZN), eBay (NASDAQ: EBAY) and Walmart (NYSE: WMT) marketpl...
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