Shares of Nio Inc. rallied Thursday, off a more-than-two-year low in the previous session, after the China-based electric vehicle maker reported third-quarter per-share losses that were more than double what Read more
Tag: Automobiles
Crypto and tech are the first dominoes to fall as stimulus liquidity dries up, says this money manager. Here’s what could happen next.
Markets probably didn’t need another more brick on the 2022 wall of worries, but got one anyway as FTX, the world’s third largest crypto exchange, is teetering on a collapse Read more
What the midterm elections mean for your taxes, inflation, living standards, and stock portfolio
During the midterm elections, personal finances were on the ballot. In addition to considering what the array of candidates could do to bring relief to high prices, voters considered ballot Read more
Opinion: Tesla investors have been the biggest losers in Elon Musk’s Twitter deal, and those losses continue
Twitter users have complained a lot about Elon Musk’s early moves after taking control of the social network, but their complaints seem tiny compared with what Tesla Inc. investors have Read more
Rivian posts narrower quarterly loss than Wall Street feared, keeps production guidance intact
Rivian Automotive Inc. stock rose 2% in the extended session Wednesday after the electric-vehicle maker posted a narrower-than-expected quarterly loss and kept its 2022 production estimates intact despite saying supply-chain Read more
Elon Musk sells Tesla stock worth nearly $4 billion following Twitter purchase
Elon Musk sold nearly $4 billion worth of Tesla Inc. stock in the past three trading sessions, launching the sale a week after closing his $44 billion acquisition of Twitter Read more
Elon Musk sold Tesla stock worth nearly $4 billion following Twitter purchase
Elon Musk sold nearly $4 billion worth of Tesla Inc. stock in the past three trading sessions, launching the sale a week after closing his $44 billion acquisition of Twitter Read more
Lucid posts wider quarterly loss, says it is ‘on track’ with luxury EV production
This update corrects Lucid’s Q3 2022 and Q3 2021 losses. Lucid Group Inc. stock fell about 9% in the after-hours session Tuesday after the electric-car maker reported a wider quarterly Read more
Foxconn to invest an additional $170 million in Lordstown Motors
Foxconn Technology Group, the world’s biggest contract manufacturer for electronics, is deepening its investment in Lordstown Motors Corp., a once-troubled EV startup that recently began building its first all-electric pickup truck at a former General Motors Co. plant Read more
Al Gore at COP27: ‘Choose life over death’ by ending oil and gas reliance
“Leaders must ‘choose life over death’ and end the use of fossil fuels.” That’s former U.S. vice president and onetime presidential hopeful Al Gore, whose nearly two-decade focus on combating Read more