A Ford Explorer pickup being built at Ford Motor Co.’s Chicago Assembly Plant. Ford photo A larger supply of new cars and trucks enables a U.S auto sales increase of just over 5% in December, vs...
Tag: Cars
The Dramatic Fall of Carvana, “The Amazon of Used Cars”
It is a buoyant red in the portfolio of the shareholders of Carvana, the online used car platform. In one year, their shares have lost most of their value, no doubt giving them the impression that the...
Tesla Stock: Just How Low Can It Go?
Tesla (TSLA) – Get Free Report stock can’t find the brakes. The stock opened 4.6% lower on Tuesday, the first session of the holiday-shortened trading week and the last trading week of 2022. Th...
Car repos are on the rise, thanks to record-high monthly payments, recession warnings
Car repossessions have grown less common in the past two years, but those days may be over. Credit rating agency Fitch Ratings says repossession rates have nearly returned to pre-pandemic levels. Some...
Tesla Suspends Production in a Key Market
It’s been a nightmarish year-end for Tesla. It is the complete opposite of what its charismatic and visionary CEO, Elon Musk, promised in October. “We’re looking forward to a record...
Rivian Is Having a Horrible Year
What a horrible year: Rivian would be tempted to say. Everything went wrong on the stock market for the young electric vehicle manufacturer, considered one of Tesla’s most serious rivals. Let&...
Elon Musk Warns About a Bad Decision
The deterioration of the economic climate has been one of the main concerns for investors for several months now. This is reflected in particular in the fall of nearly 33% of the Nasdaq 100 stock mar...
Elon Musk Returns To Old Promises And Insane Prediction
Elon Musk has heard the critics. Though he does not admit to having neglected the manufacturer of electric vehicles Tesla (TSLA) – Get Free Report since he decided to buy Twitter, the whimsica...
Shiba Inu (SHIB) Accepted as Payment for Luxury British Sports Cars via This Partnership
SHIB holders can now use their assets to buy luxury cars, including the popular car brand Aston Martin, through crypto payment processor BitPay. Aston Martin is a luxury car brand from the iconic luxu...
With Cryptocurrencies as With the Internet and Cars, Collapse Is the Sector’s Life
On June 6, 2021 I published a column titled “We’ll Know Crypto Is For Real When Its Coins Start Collapsing.” More than most want to admit or realize, failure is growth. A “market” for crypto money def...
Tesla’s New Factory Location Revealed
Tesla and Elon Musk are about to keep a promise. On January 26, the billionaire entrepreneur announced that the automotive group would reveal the locations of its new factories before the end of the ...
Elon Musk Sounds the Alarm Over a Brewing Automobile Crisis
The auto sector is one of the victims of the aggressive interest rate hikes by the Federal Reserve to crush inflation, which is at its highest in 40 years. According to experts, this monetary policy ...
Elon Musk Leans on Promises to Soothe Tesla Investors
Elon Musk knows he can no longer ignore the discontent rumbling among individual Tesla investors. The billionaire is seen as a guru by Tesla (TSLA) – Get Free Report fans and investors, who mo...
Elon Musk Stands Up For Tesla
Tesla is completely lost on Wall Street. The electric vehicle manufacturer is having a dark year in the stock market. And those difficulties worsened on Dec. 13 with another sharp drop in the stock p...
Rivian Suffers a Huge Setback in Battle Against Tesla
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...
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...
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 ...
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...
The Cars Most Likely To Become Coveted Collectibles
Hagerty’s 2023 Bull Market highlights 10 cars and a classic motorcycle that are most likely to … [+] appreciate in value. James Lipman Those televised collectible car auctions are certainl...
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...
The ‘best country in the world’ is planning to ban electric cars amid the energy crisis. Is it time to revisit oil stocks? Here are 3 big plays
Winter is coming: The ‘best country in the world’ is planning to ban electric cars amid the energy crisis. Is it time to revisit oil stocks? Here are 3 big plays Electric vehicles have bec...
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...
‘Auto makers are building more expensive vehicles’: Why you should not buy a new car in 2023
There are always good reasons for most people not to buy a new car. Such a purchase can set you back for years, as high monthly payments delay the buildup of savings and investments that will be neede...