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Category: Manufacturing


Industries, Manufacturing

Tesla is laying off 7% of its employees (TSLA)

January 18, 2019

Via: Business Insider

Tesla is laying off 7% of its employees, according to an email Elon Musk sent to workers, which was published on the company’s website. The job cuts will impact more than 3,000 members of staff after Musk said last year […]


Industries, Manufacturing

GM shares rise after BMO upgrade on self-driving technology

January 7, 2019

Via: CNBC

Investors should buy General Motors because its automated car division and restructuring moves will lift the automaker’s stock in 2019, BMO Capital Markets said Monday. Analyst Richard Carlson upgraded GM to outperform from market perform. Carlson also hiked his price […]


Industries, Manufacturing

GM Wants Congress to Extend an Electric Vehicle Tax Credit That Trump Dislikes

December 10, 2018

Via: Fortune

When General Motors announced plant closings and a 15% workforce cut, the plan was to plow savings into electric and autonomous vehicle development, which is seen as the industry’s future. But selling electric vehicles (EVs) will get tough without a […]


Industries, Manufacturing

Volvo’s $30 billion IPO is officially off, and Trump’s trade war is to blame

November 29, 2018

Via: Business Insider

Volvo, the Swedish automaker, has confirmed plans to shelve an IPO potentially worth $30 billion, having previously blamed President Donald Trump’s trade war for postponing the share sale. “There are no plans or time schedule for entering into the equity […]


Finance Tech, Industries, Manufacturing, Trading

Auto stocks tumble, but technician says one has breakout potential

October 3, 2018

Via: CNBC

Auto stocks have hit the skids. Over the past three months, trade worries and weak sales drove General Motors, Ford, Fiat Chrysler and Toyota to their lowest level of the year. Disappointing declines in monthly car sales for GM and […]


Finance Tech, Industries, Manufacturing, Trading

Tesla shares plunge as Wall Street throws in towel, saying Musk departure could cost stock $130

September 28, 2018

Via: CNBC

Wall Street is buzzing over SEC’s civil action against Tesla CEO Elon Musk, predicting significant negative ramifications for the electric car market due to the action. Shares of the automaker were down 12 percent in Friday’s premarket session. The Securities […]


Industries, Manufacturing

Tesla confirms federal probe over Musk tweets, sending shares lower

September 19, 2018

Via: ABC News

Tesla shares tumbled on Tuesday amid reports of a potential criminal probe over its chief executive officer’s statements about taking the company private. The electric carmaker said it agreed to hand over documents to the Department of Justice in connection […]


Industries, Manufacturing

Saudi Arabia shuns Tesla, invests $1 billion in rival Lucid Motors (TSLA)

September 17, 2018

Via: Business Insider

Tesla slid as much as 2% Monday after Saudi Arabia’s public-investment firm announced a $1 billion investment in rival Lucid Motors. The kingdom’s Public Investment Fund had previously been in talks with Tesla around the time of its exploration of […]


Industries, Manufacturing

Shares in China’s Tesla rival Nio soar more than 75% in a day

September 14, 2018

Via: CNN

Shares in the Shanghai-based rival to Tesla (TSLA) jumped a staggering 76% in New York on Thursday. At one point in the day, the stock was up 92%. The spectacular leap is remarkable after Nio (NIO) had to scale back […]


Industries, Manufacturing

Trump’s trade war has forced one of Europe’s most famous automakers to delay a $30 billion IPO

September 10, 2018

Via: Business Insider

Volvo, the Swedish automaker, has reportedly had its initial public offering (IPO) plans delayed by its parent company as a result of uncertainty surrounding US President Donald Trump’s trade war. The Financial Times reports on Monday that Geely, the Chinese […]