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Tag: automotive
Mullen Automotive Provides Preliminary Financial Statements For Q2
Mullen Automotive, the California-based automotive company, has recently released its preliminary financial results. The company signed a proposal with Thurner design focused on the vehicle developme...
Here’s Why Harley-Davidson Is Pausing All Production
Harley-Davidson (HOG) – Get Harley-Davidson, Inc. Report bikes are known for being loud and intense, but supply chain issues are forcing the company to go quiet for the next two weeks. The Mil...
Will the stock market drop 20% or 48% from the peak? Here’s the key factor, says this strategist.
“Is the economy under control or is it spiraling out of control? That’s the million-dollar question traders continue arguing over,” sums up CrackedMarket blogger Jani Ziedins. Clearly, the latter argu...
Here’s what just happened that triggers stock market drops 71% of the time, warns Credit Suisse
Wall Street’s in an unusually bullish mood Tuesday morning. Tim Holland, chief investment officer at Orion Advisor Solutions, argues the market has just notched two peaks. Last week, the Labor Departm...
Billionaire George Soros Ditches GM
If it were up to iconic investor and short-seller George Soros to pick the winners of automotive electrification, General Motors (GM) – Get General Motors Company Report would have a lot to wor...
Automotive Engages in First Car-for-Crypto Sale
BTCs volatility may not be fair for transactions BTC price at the time of writing – $29,809.25 It’s market cap is up by 1% over the past 24 hours Assuming you’re in Ohio, Kentucky, or Indiana and you ...
Will Apple Come to The Rescue of a Struggling Tesla Rival?
The next few months will be decisive for Canoo (GOEV) – Get Canoo Inc. Class A Report, the upstart manufacturer of electric vehicles. Its horizon, like that of most car manufacturers, is curre...
Gloomy Goldman offers 20 ‘safety’ stocks with valuations below the previous 2 bear markets
It’s tight quarters in Wall Street’s bear sleuth these days. Goldman Sachs just downgraded their 2022 U.S. growth forecast (to 2.4% from 2.6%) and 2023 (to 1.6% from 2.2%), as senior chairman Lloyd Bl...
California ‘Cardinale Automotive Group’ Now Accepts Shiba Inu (SHIB) As Payment
– Advertisement – California Business “The Cardinale Automotive Group” Now Accepts Shiba Inu (SHIB) as a Payment via BitPay. The Cardinale Automotive Group, one of the California businesse...
Jeff Wyler Automotive Engages in First Car-for-Crypto Sale
If you’re in Ohio, Kentucky, or Indiana and you fancy purchasing an automobile with cryptocurrency, you may want to stop by the Jeff Wyler Automotive Family auto center. Recently, the company complete...
George Soros Backs Bet on Rivian as Ford Delivers Bad News
Rivian (RIVN) – Get Rivian Automotive, Inc. Class A Report got scared but the electric vehicle maker made up for it well. The young manufacturer of electric SUVs and pickups has just cleared s...
Ford Offloads More Rivian Automotive Stock After Lockup Ends
(Bloomberg) — Ford Motor Co. sold more shares of Rivian Automotive Inc. Friday, offloading more than $400 million worth of stock in the electric car maker since the end of a lockup this week. Mo...
Soros fund doubles down on Rivian bet, buys stakes in Lucid, Nio
Billionaire George Soros’s investment fund has doubled down on its bet on Rivian Automotive Inc. and taken new positions on EV makers Nio Inc. and Lucid Motors Inc., according to a filing late Friday....
This portfolio manager’s strategy uses just one ETF and his own ‘crash indicator’ to beat the market by 530%
Markets are off to a stronger start on Friday, but it’s been a rough few days, with the S&P 500 facing a six-week losing streak, its longest in a decade. With a war raging in Europe, surging price...
Tesla Rival Says it Will Build $30K Electric SUV in Ohio
One of the biggest stories in the EV world continues to be if Lordstown Motors (RIDE) – Get Lordstown Motors Corp. Class A Report agreement to sell its Ohio manufacturing to Taiwan-based Foxcon...
Fisker and Foxconn confirm compact EV will be built at Lordstown plant
Fisker Inc. confirmed Thursday that Foxconn will build its second car, a compact EV, at a newly acquired plant in Lordstown, Ohio. The Fisker FSR, +12.55% Pear will enter production in 2024 and cost a...
GM and Ford Get Double Downgrades to Sell. Wells Fargo Sours on EVs.
Text size Ford F-150 Lightning electric truck Courtesy of Ford The auto industry is all-in on electric vehicles. Wells Fargo isn’t so sure that’s a great idea. Wednesday evening, analyst Colin Langan ...
Morgan Stanley’s done better than most forecasting markets during this turbulent year. Here’s what it says is coming next.
Wall Street analysts are the types who get to the airport with hours to spare. Year-ahead previews come in before Thanksgiving, so it can’t be too huge a surprise that Morgan Stanley has released its ...
Rivian reports earnings this week with stock under more pressure than ever
Rivian Automotive Inc. is slated to report first-quarter earnings after the bell Wednesday, with the EV maker battling a steep decline of its shares and fears of continued operational snags. Rivian RI...
Buy GM Shares, But Not Ford or Tesla. Here’s What One Analyst Says.
Text size GM looks to be the preferred U.S. auto maker pick among Wall Street analysts, with about 85% of analysts covering the stock rating it a Buy. Justin Sullivan/Getty Images Investors are bearis...
Why Consumers Will Buy Ford’s F-150 Lightning, According to Analysts
Text size The stakes are high for Ford’s new F-150 Lightning. Courtesy Ford The Ford F-150 Lightning electric pickup truck is one of the most significant vehicle launches in U.S. history. Americ...