Text size DNB Asset Management materially raised investments in some of the most volatile stocks, including AMC Entertainment, Apple, NIO, and Nikola. Ethan Miller/Getty Images A large European asset ...
Tag: automotive
Lucid’s 2030 EV Production Goals Bring It to Half Where Tesla Stands Now
Tesla (TSLA) – Get Tesla Inc Report has a market cap that tops $1 trillion. That’s a rich valuation for a company that has a rough production rate of 1 million vehicles a year. General Mot...
Get ready for the climb. Here’s what history says about stock-market returns during Fed rate-hike cycles.
Bond yields are rising again so far in 2022. The U.S. stock market seems vulnerable to a bona fide correction. But what can you really tell from a mere two weeks into a new year? Not much and quite a ...
AMC CEO Says He’s Done Selling Stock After Unloading Another $7 Million
Text size AMC CEO Adam Aron. Alberto E. Rodriguez/Getty Images for CinemaCon AMC Entertainment Chief Executive Adam Aron sold another $7.1 million shares of the movie theater giant this week, and said...
Opinion: Citadel’s $1.15 billion cash infusion isn’t a bailout but the final test of Ken Griffin’s ‘Death Star’
When you add more than a billion dollars’ worth of liquidity to a market maker that already executed more than one of every four trades in the U.S. markets on a daily basis, while simultaneously givin...
Cathie Wood is expecting a ‘bloodbath’ in this segment of the market: ‘autos are one example of…many disturbances out there in the world order’
Cathie Wood, the star fund manager and chief executive of ARK Invest, in a Tuesday monthly market update said that the used car market is where she is expecting possible losses after a surge in values...
Rivian Stock Drops on Hints of Vehicle Production Issues
Text size 2022 Rivian R1T Courtesy of Rivian Stock in electric truck startup Rivian Automotive was falling Tuesday because of two issues that impact the same key success factor for the company: vehicl...
Opinion: A 27-year-old truck driver just became Robinhood’s first big headache of 2022
Less than a week into the new year, a 27-year-old truck driver from Connecticut might have given Robinhood HOOD, -1.76% a whole new thing to be worried about in 2022. On January 6, an arbitrator for t...
FuboTV Boosts Revenue Projections. But the Stock Is Falling.
Text size Rafael Henrique/Dreamstime.com FuboTV Monday boosted its fourth-quarter revenue guidance, saying it expects revenue of $215 million to $220 million, higher than previous estimates. The strea...
Deere Goes Autonomous With Its Farmer-Free Tractor
Illustration by Elias Stein Text size One of the biggest themes at this past week’s CES tech show was electric and autonomous transportation—cars, trucks, bikes, boats. And, it turns out, tractors. Fa...
Tesla Self-Driving Is Getting So Good, It Will Cost More
Tesla CEO Elon Musk was tweeting about Full Self Driving on Friday night. Patrick Pleul/Pool/Getty Images Text size Elon Musk had two positive tweets for weary Tesla investors to digest on Friday. For...
GM’s Chevy Silverado EV Has Arrived. It Could Move the Stock.
Text size A 2024 Silverado EV RST. Courtesy GM Launches of new models typically aren’t stock-market issues for traditional auto manufacturers, but things are changing. General Motors ‘ unveiling of th...
Tesla Stock Is Falling Again. Why Shares Are Giving Back Big Delivery Gains.
Text size Tesla stock is up about 3% this year after giving back its double-digit gain from the first trading day of 2022. Justin Sullivan/Getty Images Tesla opened the year with strong fourth-quarter...
Rivian Stock Is Dropping Like a Stone. Blame Amazon.
Text size Amazon has ordered 100,000 delivery vans from Rivian. Courtesy Amazon Stock in Rivian Automotive is falling fast because it seems the start-up has competition in supplying electric trucks to...
Tesla and Moderna Stock Started 2022 Differently—What History Says Happens Next
The first trading day of 2022 saw both the Dow Jones Industrial Average and S&P 500 finish at record highs for only the sixth time in history and the second time in 30 years. The stock market acti...
Opinion: Adam Aron’s resolution to refinance AMC’s debt might put his love affair with ‘Apes’ at serious risk
Adam Aron wants to be happier, healthier and find a clever way around his own retail shareholders to pay off some serious debt in 2022. In a pair of tweets, Aron told his followers that “If we can, in...
Tesla Deliveries Crushed Expectations. The Stock Is Moving Higher.
A Tesla Model Y car at a showroom in Beijing. WANG ZHAO/AFP/Getty Images Text size Electric-vehicle leader Tesla delivered a whopping 308,600 vehicles in the fourth quarter of 2021. That’s a record re...
How Did Wall Street Get Tesla’s Fourth-Quarter Deliveries So Wrong?
Text size Photograph by Justin Sullivan/Getty Images Electric-vehicle leader Tesla blew away Wall Street’s fourth-quarter delivery expectations. The plaudits are pouring in from Wall Street. “Jaw-drop...
Airlines Warn of Crippling Flight Disruptions if New 5G Rollout Isn’t Delayed
Text size Justin Sullivan/Getty Images After AT&T and Verizon Communications refused requests from the U.S. government to delay the Jan. 5 launch of new 5G services, the Airlines for America trade...
Tesla Deliveries Crushed Expectations. The Stock Should Move Higher.
People look at a Tesla Model Y car at a Tesla showroom in Beijing on January 5, 2021. WANG ZHAO/AFP/Getty Images Text size Electric vehicle leader Tesla delivered a whopping 308,600 vehicles in the fo...
Ford Stock Has Run Too Far. Why It’s Like Tesla.
Text size Ford stock is down a little following the rating cut from RBC. Scott Olson/Getty Images Ford Motor shares were downgraded by an RBC analyst Friday. Weakening Wall Street sentiment actually m...