Tag: Electric Vehicle

Capital, Enterprise, Finance Tech, Industries

Jeep Maker Stellantis to Hand $4.5 Billion to Shareholders

February 22, 2023

Via: The Wall Street Journal

Stellantis STLA -3.64% NV is planning to distribute $4.47 billion in dividends to shareholders and buy back up to $1.60 billion worth of shares after revenue and net profit surged in 2022, a year marked by a steep rise in […]

Enterprise, Industries

Tesla used car price bubble pops, weighs on new car demand

December 27, 2022


Tesla (NASDAQ:TSLA) buyers who waited months for their new car have had an unusual choice for much of the past two years: keep the new electric vehicle, or sell it at a profit to someone with less patience. But the […]


Tesla, Twitter shares drop as Elon Musk’s legal issues grow

May 12, 2022

Via: ABC News

Shares of Tesla and Twitter have tumbled this week as investors deal with the fallout and potential legal issues surrounding Tesla CEO Elon Musk and his $44 billion bid to buy the social media platform. Of the two, Musk’s electric […]

Industries, Manufacturing

Tesla soars 7% after smashing estimates to deliver 308,600 vehicles in the 4th quarter

January 3, 2022

Via: Markets Insider

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 […]

Industries, Manufacturing

Biden bill includes boost for union-made electric vehicles

November 11, 2021

Via: ABC News

President Joe Biden and Democrats in Congress are looking to give U.S. automakers with union employees the inside track on the burgeoning electric vehicle market, triggering vocal opposition from foreign trade partners and Republicans who worry that manufacturers in their […]

Industries, Manufacturing

Why This Lordstown Motors Analyst Sees 66% Downside In EV Stock

October 5, 2021

Via: Markets Insider

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 […]

Enterprise, Industries, Manufacturing

Daimler CEO expects ‘intense competition’ if Apple and Alibaba enter electric vehicle market

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 […]

Enterprise, Industries

A 6-year-old Chinese electric vehicle startup is now more valuable than GM

November 13, 2020

Via: Fortune

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 […]

Enterprise, Industries

Volkswagen is the latest carmaker to tap the red-hot green-bond market to fund its EV ambitions

September 16, 2020

Via: Fortune

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 […]

Enterprise, Industries

Tesla stock rises, as blowout earnings prompt both bulls and bears to boost price targets

July 23, 2020

Via: Market Watch

Shares of Tesla Inc. rose Thursday after a blowout earnings report late Wednesday, leading a host of Wall Street analysts, bulls and bears alike, to increase their price targets for the stock. The average target remained well below current prices, […]

Enterprise, Industries

Tax incentives juiced Tesla’s recent sales. But now those incentives are gone

January 29, 2020

Via: Fortune

When reporting earnings on Wednesday, Tesla is unlikely to emphasize the short-term benefits of a worrisome long-term trend for the company: the elimination of tax incentives for electric cars buyers. In the U.S., for instance, buyers of a Tesla, or […]

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 […]