The 2008 financial crisis, one of the biggest financial debacles in history, made Michael Burry a legend. It made him one of the examples to follow in defiance of standard practices in financial circ...
Tag: Cars
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...
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 ...
These 10 cars have the greatest potential lifespan
New cars are getting increasingly expensive. But they’re also more durable than before, which means drivers have a better chance of getting their money’s worth. As the average transaction ...
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 ...
McLaren Sells Historic Cars to Raise Cash for New Supercar
(Bloomberg) — Cash-strapped McLaren Holdings Ltd. has recently sold some of its prized heritage car collection to Bahrain’s sovereign wealth fund Mumtalakat Holding Co. to raise capital. Most Re...
Elon Musk Fears Economic Disaster if This Is Not Done Immediately
The economy’s health remains the main subject of concern for consumers and investors, who just about every week see another wave of corporate job cuts. On Nov. 30, DoorDash was the umpteenth com...
SHIB Now Accepted as Payment for Swedish Sports Cars: Details
SHIB holders can now use their assets to buy Koenigsegg hypercars through crypto payment processor BitPay. Koenigsegg hypercars are luxury car brands from the Swedish manufacturer of high-performance ...
Tesla’s dominance of EVs is eroding as cheaper cars hit the market
Tesla is still the top-selling electric vehicle brand in the U.S., but its dominance is eroding as rivals offer a growing number of more affordable models, according to a report Tuesday by S&P Glo...
The Impact Of Cryptocurrency Meltdown On The Sales Of Premium Cars
The recent crypto crash pulled down the major crypto players. Currently, investors are running empty wallets. The latest FTX downfall hit all industries beyond the crypto sector. For two weeks, Miami ...
Economic Uncertainty, Higher Interest Rates Curb Demand For Used Cars, Trucks
Used cars for sale in El Cerrito, Calif. Getty Images Inflated used-vehicle prices have started to come down at the wholesale level, and that implies consumer demand may also have declined, due to hig...
No Break For Carvana, the ‘Amazon of Used Cars’
Concerns are mounting around Carvana, the “Amazon of used cars.” The online car retailer was an investor darling during the pandemic. They hailed the new economy that wanted consumers to ...
Elon Musk Called ‘Unapproachable Tyrant’ in Tesla Employee Survey
Shortly after Elon Musk officially bought Twitter on Oct. 27 for $44 billion, the Tesla (TSLA) – Get Free Report CEO took the company private and began cutting staff. He fired Twitter’s C...
Billionaire George Soros Punishes Rivian
George Soros is betting on the auto industry. The billionaire continues to invest in this sector, which is in the process of abandoning gas cars in favor of electric cars, while public policies in Eu...
Billionaire George Soros Embraces Ford
The automobile sector is of particular interest to George Soros. The legendary investor has invested a lot of money in this industry, which is in full transformation towards electric vehicles. Soros ...
George Soros Backs Elon Musk, Tesla
Elon Musk has spoken a lot less about Tesla (TSLA) – Get Free Report in recent months. Very busy finalizing the acquisition of Twitter for $44 billion, and finding new sources of revenue for th...
Tesla Drops To New 52-Week Low As CEO Checks Blue Checkmarks
Tesla Model S electric car at a supercharger charging station getty Tesla shareholders must wondering what is going on. The stock is hitting new 52-week lows and the Chief Executive Officer is spendin...
Rout of Carvana, the ‘Amazon of Used Cars,’ Has No End
Concerns are mounting around Carvana, the “Amazon of used cars.” The company was an investor darling during the pandemic. They hailed the new economy that wanted consumers to buy everythi...
Tesla Slumps; Chart Highlights Major Support Nearby
Down more than 50% this year, Tesla (TSLA) – Get Free Report stock is finally succumbing to the 2022 bear market. Interestingly, though, the electric-vehicle leader’s stock is not breakin...
Helium founder races cars while the crypto startup is on collision course
It’s been a difficult year for crypto project Helium Network and its founder, Amir Haleem. Initially lauded as a competent startup and internet-of-things darling, it floundered this summer when it was...
Collapse of Carvana, the ‘Amazon of Used Cars’, Continues
The sky is not clearing up for Carvana. On the contrary, big clouds continue to gather over the company which was one of the big winners of the covid-19 pandemic, with a massive growth. Since announ...
Mercedes Draws a Secret Weapon Against Tesla
Mercedes-Benz knows it has to act fast, if the legacy carmaker doesn’t want to be knocked out of the crucial electric vehicle market. The German brand is battling Tesla (TSLA) – Get Free ...
Black Friday surprise: Jeff Bezos tells people not to buy cars, refrigerators and other big-ticket items. Critics call him out.
Billionaire Jeff Bezos, who founded the e-tail behemoth Amazon, has some spending tips as Americans gear up for the holiday shopping season — amid four-decade-high inflation and recession worries. Her...
The brands and models car shoppers want most—despite inventory levels
Toyota dealers are low on cars. All the same, more American car shoppers consider a Toyota TM, +1.95% than any other brand. Fully 35% of American car shoppers looked closely at buying a Toyota product...
Mercedes Will Not Remove FTX Logo From its F1 Cars
Despite the crash of the crypto exchange FTX, the Mercedes Formula One team vowed not to remove the company’s logo from its race cars. Still, the F1 squad said they are closely monitoring the situatio...
Lucid Stock Plunges as Reservations for Cars Drop
Electric-vehicle maker Lucid turned in respectable third-quarter earnings and stuck with its forecast for vehicle shipments this year, but the stock was dropping. Reservations were the issue. Lucid (t...
Renault is betting the market for gasoline cars will continue to grow
Renault sees the internal combustion engine continuing to play a crucial role in its business over the coming years, according to a top executive at the French automotive giant. On Tuesday, it was a...