The love at first sight between investors and young manufacturers of electric vehicles seems to have died. As often in every relationship, the beginnings are marked by great promises. Everything seem...
Tag: automotive
At Ford, the Chip Shortage Isn’t Getting Any Better. There Are More Output Cuts.
Text size The Ford company logo is displayed on a sign outside of the Chicago Assembly Plant on February 03, 2021 in Chicago, Illinois. Scott Olson/Getty Images The semiconductor shortage that is cons...
What Does $5 a Gallon Gas Mean for the Average American?
The idea of paying $5 a gallon for gas scares most Americans — at least the ones who don’t live in California, where AAA reports that the price per gallon for gas currently sits at $5.07. ...
Russian Sanctions May Cripple a Once Promising Car Market
Trappings of war typically include ruthless mass destruction and systemic and deep rooted pain to a country’s economy. And Russia’s invasion of Ukraine is leading to precisely that. Wester...
Tesla Receives a Permit That Will Scare Its Rivals
Tesla (TSLA) – Get Tesla Inc Report and Chief Executive Elon Musk are officially very close to starting production of cars at their Berlin-based European factory. After several months of uncert...
Tesla Finally Gets German Plant Approval. The Stock Is Falling.
Text size In this aerial view, the new Tesla Giga factory stands near Gruenheide just outside Berlin. Sean Gallup/Getty Images Tesla investors woke to a bit of good news Thursday but the stock isn’t h...
Vroom Stock Stalls Out as Used-Car Seller Posts Disappointing Quarter
Text size Vroom’s revenue was higher than anticipated, but the used-car seller lost more money than expected. Gabby Jones/Bloomberg Tight supplies and soaring prices for new cars continue to hav...
Zoom, Salesforce, Target, Costco, and Other Stocks for Investors to Watch This Week
U.S. stock and bond markets will have plenty of action on the last day of February with earnings from HP Inc., Lucid Group, and stay-at-home play Zoom Video Communications expected on Monday. Earnings...
Ford CEO Shuts Down EV Spinoff Rumors. The Ford Family Won’t Let It Happen.
Ford Motor CEO Jim Farley told investors Wednesday there were no plans to spin off his company’s electric vehicle business. That shouldn’t be a surprise. The Ford family is unlikely to ever let an EV ...
SEC proposes new rule requiring short-sellers to disclose their positions monthly
Gary Gensler has been circling short-sellers for months, and now the Securities and Exchange Commission chief is looking to make a big move. Under a new rule proposed by the SEC Friday morning, some i...
Tesla stock extends $100+ bounce after Daiwa analyst says buy, for these reasons
Shares of Tesla Inc. gained Friday, to extend the previous session’s more-than $100 bounce, after Daiwa Capital analyst Jairam Nathan said it’s finally time to start buying again, as supply chain conc...
Embattled Electric Truck Maker Nikola Makes a Big Promise
When Nikola (NKLA) – Get Nikola Corporation Report Mark Russell said the electric truck maker had an extraordinary year in 2021, nobody argued with him. Russell was detailing the company’...
Li Auto Posts Second Straight Quarterly Profit. The Stock Is Rising.
Text size Li Auto ONE Courtesy of Li Auto Chinese electric-vehicle maker Li Auto reported a profitable fourth quarter even as the company ramped up spending on vehicle development. The results looked ...
Nikola Reports a Smaller Loss Than Expected. Shares Are Rocketing.
Text size Nikola’s CEO said the company is “laser-focused” on delivering vehicles to customers and generating revenue. Courtesy Nikola Stock of the electric and hydrogen-electric tru...
Lucid Stock Falls on First Recall. This One Isn’t Fixed With Software.
Text size The Lucid Air electric sedans will have to go to the shop for a fix. David Paul Morris/Bloomberg Electric-vehicle start-up Lucid has its first recall listed on the National Highway Traffic S...
FuboTV stock drops after earnings on mixed outlook
Shares of fuboTV Inc. were off 1% in after-hours trading Wednesday after the streaming company delivered revenue ahead of what it had been expecting when it delivered preliminary results a month earli...
Volkswagen Wants to Launch Porsche in Pursuit of Tesla
A long-awaited duel in the lucrative and promising electric-vehicle sector is taking shape. It’s a dream poster. And guessing the winner would be difficult as each of the two adversaries have st...
Rivian Makes a Bold Move To Solve Its Biggest Problem
In the world of fencing, when a fencer moves too far back to avoid danger, they end up with their back to the wall. So they have no other choice but to face their adversary. This is the situation in...
GM Discreetly Abandons Its In-House Amazon
General Motors (GM) – Get General Motors Company Report is doing its big spring cleaning sooner than expected. The Detroit giant, which no doubt wants to avoid being distracted in the coming m...
GM Stock Has Tumbled. Director Patricia Russo Bought Up Shares.
Text size GM director Patricia F. Russo (Photo by Monica Schipper/Getty Images for Women’s Forum of New York) Monica Schipper / Getty Images General Motors stock has tumbled in 2022, and directo...
‘You should publicly announce where the money is going to’: Elon Musk gave $5.7 billion in Tesla stock to charity, but the beneficiaries may forever remain a secret
Elon Musk will happily broadcast a few choice words about U.S. senators, but he’s quieter when it comes to his philanthropy. There’s a good chance the public may never know which charity or charities ...
Ford Stock Leaps On Report It’s Considering EV Division Spin-Off
Updated at 11:53 am EST Ford (F) – Get Ford Motor Company Report shares jumped higher Friday following a report that the carmaker is mulling the split its electric vehicle business from its leg...
Ford Is All In on EVs. One Analyst Isn’t Buying It.
Text size Ford SUVs on a sales lot. Justin Sullivan/Getty Images Ford Motor made waves this week, announcing plans to create separate business units inside the company, one for electric vehicles and t...