Text size Polestar expects to ship 50,000 electric vehicles in 2022 and 124,000 in 2023. Courtesy Polestar Polestar, the electric vehicle maker being spun out of Volvo Car , should begin trading on Fr...
Tag: automotive
Toyota Stock Falls After It Cuts Production Again. Bad News for Car Prices.
Text size Toyota reduced its output forecast, citing parts shortages. Above, a dealership in Houston. Brandon Bell/Getty Images Toyota Motor updated its production plans, unveiling more cuts. Wednesda...
A New EV Company Arrives This Week. It’s Worth More Than Rivian.
Text size Polestar expects to ship 50,000 electric vehicles in 2022 and 124,000 in 2023. Courtesy Polestar Polestar, the electric vehicle maker being spun out of Volvo Car (ticker: VOLCARB.Sweden), sh...
Tesla stock has ‘gone on sale,’ according to one analyst. Here’s what investors should do
Tesla Inc. stock is caught up in the tech selloff as well as some company and industry headwinds, but that doesn’t mean investors should shy away from the “highly attractive entry point” the pullback ...
Supreme Court dismisses case against SEC’s ‘no admit, no deny’ policy backed by Musk, Cuban
The U.S. Supreme Court Tuesday rejected a challenge brought against the Securities and Exchange Commission by a former Xerox executive, and backed by Tesla CEO Elon Musk, against the Securities and Ex...
Tesla Stock Is Jumping Because Elon Musk Says Competition Doesn’t Matter
Text size Tesla stock fell when the company raised the prices on its website earlier this month. Chris Delmas / AFP via Getty Images Tesla stock is starting a new week on solid footing, at least in pa...
Ripple and British Automotive Company Lotus Cars Partner to Launch NFT
Tomiwabold Olajide Lotus is to collaborate on its first NFT collection with Ripple as blockchain partner In a media release, British automotive company Lotus Cars declared plans to launch into the wor...
Qualcomm CEO: ‘we’re winning the future of automotive semiconductor business’
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Heaven Welcomes Automotive Star, Maryann Keller
Legendary automotive analyst, Maryann Keller Chai, passed away at the age of 78. Maryann Keller Maryann Keller Chai passed away yesterday morning. She was 78. Born in Perth Amboy, New Jersey on New Ye...
Elon Musk Is Furious – TheStreet
Elon Musk is angry. His detractors will see a lack of fair play, while his fans will give him reason. Before getting to the reason for his anger, it should be noted that for more than a decade, from...
Ford and GM Diverge on Dividend Policies. Here’s Why and What It Means.
Ford Motor and General Motors are in the same business and are based in the same state. But they couldn’t be more different when it comes to their dividend policies. Ford (ticker: F) reinstated its di...
Why Are Oil Prices Down and Gas Prices Up?
Gasoline prices continue to set records even as oil prices are beginning to slip back from their recent highs, leaving many drivers frustrated and perplexed. The American Automobile Association report...
EV-startup Electric Last Mile Solutions files for bankruptcy
Electric vehicle-startup Electric Last Mile Solutions Inc. filed chapter 7 bankruptcy Tuesday. The Troy, Mich.-based vehicle maker listed assets and liabilities each of between $50 million and $100 mi...
Tesla’s Musk Sends Dire Warning to Rivals Lucid and Rivian
When Elon Musk, the CEO of Tesla (TSLA) – Get Tesla Inc. Report, speaks about the environment and the problems facing the automobile sector, industry actors listen. For many years, the billion...
Ford Makes a Misstep in Its Race Against Tesla
Ford (F) – Get Ford Motor Company Report doesn’t want to see setbacks in its race against Tesla (TSLA) – Get Tesla Inc. Report. The legacy carmaker — and everyone else ̵...
Tesla Rival Rivian Delivers Bad News
This is a tough time to be a start-up. New entrants into the electric vehicle market are facing a slew of challenges, including runaway inflation, supply chain hold-ups and Russia’s invasion of ...
Strategist who nailed the recent S&P 500 top says three things are needed for a market bottom
Wariness is in order after the S&P 500’s bear-market finish and a potential 75 basis-point Fed hike just one day away. Gains for stock futures and a potential bounce are fading fast. Morgan Stanle...
The S&P 500 is clinging to a key support level after Friday’s meltdown, here’s what happens if that fails
Last week’s shock U.S. inflation number continues to tear through markets, with dip buyers seemingly in hiding. The Nasdaq is in the lead with a 3% drop as trading gets underway. Investors are now foc...
Stanley Druckenmiller fears a recession but isn’t betting against stocks. Here’s why.
Sometimes, it’s hard getting workers of a certain generation to do much of anything at all. Here’s one: “Currently, I’m going in every day, and I’m looking at my screen, but I’m pretty much taking a b...
Carvana, ‘The Amazon of Car Dealers’, Fights its Biggest Battle
The way Ernie Garcia III sees it, the problem is not existential. Garcia, founder and CEO of Carvana (CVNA) – Get Carvana Co. Class A Report, the online used car retailer, gave a run down of hi...
Apple is offering ‘buy now, pay later.’ 4 reasons to think twice before signing up
After months of speculation, Apple AAPL, -0.45% finally unveiled its buy now, pay later offering this week, wading into an industry that’s experienced explosive growth. But consumers should be wary of...
Tesla Needs Batteries. This Buffett-Backed EV Maker to Supply Them ‘Very Soon.’
Text size BYD launched its Blade battery in 2020. Qilai Shen/Bloomberg BYD shares rose on Wednesday after the Chinese electric vehicle maker said it was preparing to supply batteries to Tesla. “We are...
Tesla’s China Numbers Are Coming. Here’s What to Expect.
Text size Tesla’s Shanghai plant was shut at the start of April due to China’s Covid-19 lockdown measures. Xiaolu Chu/Getty Images Tesla ’s wholesale numbers from its Shanghai plant for Ma...
Tesla Is a Once-in-a-Lifetime Opportunity. Why This Analyst Is Still a Bull.
Text size A Tesla in Manhattan Beach, California. Patrick. T Fallon/AFP via Getty Images Tesla stock tends to generate strong opinions—in both the bull and bear camps. Bears have had the upper hand la...