It’s an announcement that is somewhat like a thunderbolt in the automotive industry. Three months ago, Rivian, which aims to challenge Tesla in the race for electric vehicles, announced with fan...
Tag: automotive
Rivian Pauses Its Electric Van Tie-Up With Mercedes
Rivian Automotive has paused its joint venture to build commercial vans with Mercedes-Benz Group in Europe just three months after it was announced. The electric-vehicle maker, whose stock has collaps...
Horizon Therapeutics, Coupa Software, Rivian, and More Stock Market Movers
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Rivian says it won’t go forward with Mercedes-Benz deal three months after agreeing to it
Electric vehicle maker Rivian Automotive on Monday said it won’t go forward with a plan to make electric vans in Europe with Mercedes-Benz, just three months after agreeing to the pact. “As we evaluat...
Toyota Halts Car’s Sales and Production for US
Toyota is known for a lot of different things, mainly automobiles, but the company also makes sewing machines, forklifts, robotics, boats and even houses. Of course, the main line of business Toyota h...
Paccar, Deere, and 10 More Companies That Raised Their Stock Dividends This Week
Text size Paccar said it will boost its regular dividend to 25 cents a share. Dreamstime Carrier Global, Deere , Zoetis , and Paccar were among the many large U.S. companies that declared dividend inc...
Elon Musk Sounds a Dire Warning About the Economy
Elon Musk is worried about the economy. For several months now, the richest man in the world has continued to sound the alarm, warning that the economy risks a deep recession if the central bank̵...
Anti-Tesla Investors Hit The Jackpot
This is an exceptional year for investors who have bet on Tesla’s short-term stock market crash. The electric vehicle maker is one of the shortest companies on Wall Street. Short selling stock ...
As Carvana Plunges, Consider These 5 Car Dealer Stocks
It was a bad week for Carvana —and a bad week for used-car dealers. But some auto-dealer stocks might still be worth buying. After falling almost 40% this past week, Carvana (ticker: CVNA) is off an i...
Here’s what resolves the big mystery on why older Americans have left the workforce
One of the many challenges facing the Federal Reserve is that the labor force participation rate is still lower than it was before the pandemic. The fewer workers in the jobs market, the more wages wi...
Tesla’s Musk Makes a Harsh Prediction Regarding a Rival
When Elon Musk tweets, people listen. The billionaire Tesla (TSLA) – Get Free Report CEO and recent Twitter owner tends to stir things up whenever he lets his fingers do the talking. His Twitt...
Carvana Defiant in Face of Alarms About Possible Bankruptcy
Carvana undoubtedly is facing the biggest crisis in its 10 years of existence. For several weeks now the online car dealership has been the subject of speculation about its financial condition and th...
Carvana, the Amazon of Used Cars, Is Collapsing
Carvana, the Amazon of used cars, on Wednesday is having one of its worst days on Wall Street. Carvana shares fell more than 36% to $4.27 as doubts about the company’s ability to meet its paymen...
Vietnamese Tesla Rival Announces Plans to Go Public
VinFast, the Vietnam-based electric-vehicle maker, is shifting into high gear. The company on Dec. 7 said it had filed for an initial public offering with the U.S. Securities and Exchange Commission. ...
BNP Paribas studied 100 years of market crashes — here’s what it says is coming next
Oops. Stocks fell through a key support on Tuesday and it looks like some recent momentum has now petered out. The new line in the sand for the S&P 500 SPX, -1.44% seems to be 3,900. Whether Santa...
Why Tesla Stock’s Ceiling Is Now $200. Where the Floor Might Be.
Tesla hasn’t had a lot of important fundamental news recently, which leaves the stock at the mercy of its chart. And the chart doesn’t look very good. Until something fundamental changes, Tesla (ticke...
Opinion: Microsoft invested in an AI system that helped me write this column about Tesla
Can an artificial intelligence system help me write articles about investment ideas? Let’s find out. There are two subjects I would like to cover. But I will have help, and as a result there is a thir...
How Tesla Stock Can Hit 52-Week Lows … and How It Can Avoid It
Tesla (TSLA) – Get Free Report stock has not had an easy time this quarter and Monday is no exception, with the electric-vehicle leader’s shares down 5% at last check. The automaker has s...
This long-time bear warns of a ‘trapdoor’ situation looming for the stock market.
Uncertainty is lingering for investors following a recent mixed batch of data — softer-than-expected inflation, stronger-than-anticipated jobs and wages — as we kick off the third week before Christma...
Tesla, Chinese Rivals NIO, XPeng and Li Auto Dealt a Major Blow
Tesla dominates the electric vehicle market. Although the market share of Elon Musk’s group has declined in recent years as most legacy carmakers now offer electric models, the manufacturer of ...
Tesla’s Chinese Rivals Set New Records
Tesla’s competition in the electric vehicle market has been heating up over the past two years as more EV manufacturers ramp up production and deliveries. Elon Musk’s Austin, Texas-based c...
Canada’s Largest Pension Sells Apple, Tesla, NIO, XPeng, Li Auto Stock
Canada’s largest pension fund by assets under management recently made striking changes in its investments in Apple and four prominent electric-vehicle makers. Canada Pension Plan cut its stake in App...
Tesla Gives an Unexpected Christmas Gift to EV Buyers
Tesla dominates the electric vehicle market. Elon Musk’s group has seen its competitors gain market share because it is no longer the only company to offer electric vehicles. In the U.S. market ...
Tesla has a demand problem, or so a Tesla bear says
Tesla Inc.’s recent price cuts on vehicles sold in the U.S. and China point to a possible demand problem, one that could persist into 2023 and cut down on the electric-vehicle maker’s margins. That’s ...