Category: Enterprise

May 24, 2021

Nvidia stock extended its gains to as much as 7% on Monday after the company announced a four-for-one stock split last Friday. Management said the split will help “make stock ownership more accessible to investors and employees,” according to a […]

May 21, 2021

One Tesla Inc (NASDAQ:TSLA) Wall Street analyst reduced his price target for the stock by 22% Friday and said investors should expect yet another equity offering from Tesla in the near future. The Tesla Analyst: BofA Securities analyst John Murphy […]

April 22, 2021

Shares of Fisker and Lordstown Motors dropped Thursday after Goldman Sachs downgraded the ratings of both electric-vehicle makers. The firm cited increasing competition and concerns about product timing. Fisker was cut to sell from a neutral rating, and its 12-month […]

April 15, 2021

The chief executive of Germany’s Daimler believes the automaker will face stiff opposition from tech giants like Google, Apple and Alibaba if they decide to launch their own electric vehicles. While the tech giants are yet to start selling their […]

April 2, 2021

Tesla says it delivered nearly 185,000 electric vehicles in the first quarter despite a shortage of computer chips that has hit the global auto industry. The number was more than double the deliveries for the same period last year. And […]

March 24, 2021

The major U.S. index futures are currently pointing to a higher open on Wednesday, with stocks likely to regain ground after coming under pressure late in the previous session. The markets are likely to benefit from an early advance by […]

March 10, 2021

Tesla holds a sizable lead over competitors when it comes to paying less for lithium-battery cells and having the lowest cost EV battery packs, according to a new report from Cairn Energy Research Advisors. What’s more, Tesla is expected to […]

March 10, 2021

General Electric on Wednesday said it will sell its jet leasing business to rival AerCap in a deal valued at $30 billion, a move that would create a massive lessor as the aviation industry struggles through the Covid-19 pandemic and […]

February 23, 2021

Wall Street analysts are doubling down on their calls for a consumer spending recovery. Barclays, Credit Suisse and Wells Fargo released notes Monday highlighting their excitement about several consumer stocks, with Barclays reaffirming its positive view on TJX Companies, Credit […]

February 4, 2021

DETROIT – Ford Motor CEO Jim Farley is promising something Wall Street has been asking from the storied American car manufacturer for years: A clear and decisive plan as the auto industry transitions to electric vehicles. In the coming months, […]

January 26, 2021

Shares of General Electric rose by almost 5% in morning trading Tuesday after the company reported better-than-expected industrial free cash flow for the fourth quarter and a rosy outlook for this year. The stock briefly jumped by more than 10% […]

January 25, 2021

Tesla’s rise last year to become the world’s most valued automaker by market cap is drawing investors to electric vehicle start-ups and even drawing money to established automakers like General Motors as it shifts to EVs. Such stocks could become […]

January 21, 2021

Shares of Ford Motor hit a new 52-week high for a third consecutive day Thursday, putting the stock on pace for its best week since at least June. The stock is up about 20% this week, including an increase of […]

January 15, 2021

Goldman Sachs (GS) – Get Report will take over General Motors’ (GM) – Get Report credit-card business, the two companies said Friday. The New York investment firm will be the issuing bank for the Detroit automaker’s credit-card programs, with the […]

January 4, 2021

The marriage of carmakers PSA Peugeot and Fiat Chrysler Automobiles is built on the promise of cost-savings in the capital-hungry industry, but what remains to be seen is if it will be able to preserve jobs and heritage brands in […]

December 14, 2020

Virgin Galactic’s stock fell in premarket trading on Monday after the space tourism company cut short its latest spaceflight test mid-launch on Saturday due to an engine ignition issue. “The flight did not reach space as we had been planning. […]

December 11, 2020

Tesla’s entry into the S&P 500 could be anything but a quiet ride, and it is likely to put downward pressure on other stocks in the index temporarily. Already, investors are gaming how its entry could impact the S&P 500, […]

December 8, 2020

Tesla is taking advantage of its surging shares by going back to the capital markets for the third time in ten months and raising as much as $5 billion of common stock. The sale through an “at-the-market” offering program, according […]

November 13, 2020

Chinese electric vehicle makers are on a tear. On Thursday, after reporting a strong third quarter, the New York-listed shares of Guangzhou-based Xpeng jumped 33%. Nasdaq-listed Li Auto’s share price leaped 27% the same day, ahead of its own earnings […]

September 23, 2020

Nike Inc. rallied in late trading after the world’s largest sportswear maker returned to profit and posted far better revenue than predicted, a sign it’s swiftly bouncing back from the pandemic slump. Revenue amounted to $10.6 billion in its fiscal […]