Tag: Electric Vehicle

February 22, 2023

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 […]

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 […]

May 12, 2022

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 […]

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 11, 2021

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 […]

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 […]

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 […]

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 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 […]

July 23, 2020

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, […]

January 29, 2020

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 […]

December 10, 2018

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 […]