Tag: EV

February 15, 2024

Chinese automaker BYD has set its sights on Mexico as its quest for global expansion turns toward North America. The Shenzhen-based car company, whose rapid growth has made it one of the world’s largest electric-vehicle sellers, is scouting locations in […]

August 7, 2023

For all those who are not Tesla Inc (NASDAQ:TSLA) or one of the biggest Chinese EV makers, the EV venture is wildly risky ride that makes profitability seem like mission impossible sometimes. Although Kelley Blue Book reported that EV sales […]

January 19, 2022

Tesla stock is ripe for a big decline in the event of a market slump as several legacy automakers catch up in the electric-vehicle space, according to hedge fund manager David Neuhauser. In an interview with CNBC, the chief investment […]

January 3, 2022

Tesla stock soared as much as 7% on Monday after the electric vehicle manufacturer reported fourth-quarter deliveries that sailed past analyst expectations. The company delivered 308,600 vehicles and produced 305,840 vehicles. Wall Street analysts had been expecting Tesla to deliver […]

November 10, 2021

Shares in Rivian Automotive are set to trade publicly Wednesday, and the world should get a better idea of just how hot investors are for the electric vehicle market. Rivian, the EV startup backed by Amazon and Ford, raised at […]

October 5, 2021

Struggling electric truck manufacturer Lordstown Motors Corp. (NASDAQ:RIDE) recently announced its decision to sell its Ohio plant to Taiwanese contract manufacturer Hon Hai Precision Industry Co., Ltd. (OTC:HNHPF). The Lordstown Analyst: Morgan Stanley analyst Adam Jonas downgraded Lordstown shares from […]

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, […]

September 16, 2020

Volkswagen AG is making its green-bond debut, about two weeks after Daimler AG, as automakers tap socially responsible investors to help pay for the hugely expensive shift to electric vehicles. The maker of VW and Audi brand cars is offering […]

September 8, 2020

General Motors is taking an 11 percent stake in electric truck maker Nikola, agreeing to build its hydrogen fuel cell electric pickup truck the Badger by the end of 2022. Nikola’s shares surged by about 45 percent in premarket trading, […]

September 3, 2019

Global electric-car sales fell for the first time in modern history in July after China scaled back purchase subsidies, highlighting the role government assistance is having on the burgeoning market. Monthly sales worldwide fell 14% to about 128,000 plug-in passenger […]

February 11, 2019

Tesla shares got off to the week with a good start after Canaccord Genuity upgraded the stock and predicted a monster rally from here as electric vehicle penetration improves and the company gets closer to building a car that is […]