By Yifan Wang Chinese electric car maker Xpeng Inc. has cut prices for most of its vehicles by around 10%, joining other auto makers in lowering prices as competition heats Read more
Tag: Automotive
‘Poker move’ or wake-up call? Wall Street weighs in on Tesla’s price cuts.
Tesla Inc.’s price cuts in the U.S. and Europe heightened worries on Wall Street about the electric-car maker’s margins and worsening demand at a moment when both aspects of the Read more
Tesla is a ‘soft-landing’ stock, says Goldman Sachs. Here are its picks for a gentle economic landing and stocks for a recession.
Pour one out for the beleaguered economists, who for once got an important indicator, the consumer price index, right on the nose, after CPI fell 0.1% in December, while core Read more
These numbers make Delta Air Lines’ stock the best bet among U.S. carriers for 2023 and 2024
U.S. airlines will begin their flurry of fourth-quarter earnings reports on Jan. 12, when Delta Air Lines Inc. announces its results. But investors interested in the airline space might be Read more
Mercedes recalls nearly 324,000 vehicles due to engine stalling
DETROIT (AP) — Mercedes is recalling nearly 324,000 vehicles in the U.S. because the engines can stall while they’re being driven. The recall covers a range of models from the Read more
Citi has just cut its rating on U.S. stocks to underweight. Here’s why and what it prefers.
While leading indicators seem to be suggesting both that the U.S. economy is headed for a downturn and that price pressures are cooling, the Federal Reserve seems determined to wait Read more
Good riddance 2022. Here are five key themes for investors heading into the new year, according to BNY Mellon.
And so we reach the last trading day of 2022. Good riddance. Thankfully at this time of year there is no shortage of analysts and investors wishing to look ahead. Read more
Southwest’s widespread flight cancellations to be probed by Transportation Department
The U.S. Department of Transportation said it will look into flight cancellations by Southwest Airlines that have left travelers stranded at airports across the country amid an intense winter storm Read more
Tesla’s stock drop has been bad. But this company has hurt investors even more.
Elon Musk has been trying this week to defend Tesla’s abysmal stock performance in 2022. The electric vehicle giant has seen its stock plummet by 61% this year, making it Read more