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Piedmont Lithium Inc's shares fell 5% in early trading on Wednesday after short seller Blue Orca Capital alleged that mining licenses in Ghana obtained by a company it invested in were through what appeared to be "textbook corruption".

In early trading on Wednesday, shares of Occidental Petroleum topped the list of the day's best performing components of the S&P 500 index, trading up 4.1%. Year to date, Occidental Petroleum registers a 0.5% gain.

U.S. stock indexes struggled for direction on Wednesday as investors worried about a potential recession, a day after comments from Federal Reserve Chair Jerome Powell fueled bets of sharper rate hikes.

Tesla will eliminate the use of rare earths in its next-generation electric vehicles (EV). The big reveal at the company's investor day last week caused a sell-off in shares of both Chinese and Western producers.

Wall Street was set for a subdued open on Wednesday as investors worried about a potential recession after comments from Federal Reserve Chair Jerome Powell a day earlier fueled bets of aggressive monetary policy tightening.

Tesla (NASDAQ: TSLA) is the undisputed leader among these four EV stocks. However, that doesn't automatically make it the best stock to buy when you compare it to Rivian (NASDAQ: RIVN), Lucid (NASDAQ: LCID), and Nio (NYSE: NIO). This video will let you know which one is the best

Several stocks plummeted or soared yesterday on news that S&P was removing or adding them to its S&P Mid-Cap 400 and S&P Small-Cap 600 indexes. Take Park Aerospace (NYSE: PKE), which dropped 10% upon news that it’d be removed from the S&P Small-Cap 600 index. Or Kennedy-Wilson (

The National Highway Traffic Safety Administration (NHTSA) said Wednesday it is opening a preliminary investigation into 120,000 2023 Tesla Model Y vehicles after two reports of steering wheels falling off while driving.

U.S. stock index futures edged higher on Wednesday after hawkish comments from Federal Reserve Chair Jerome Powell fueled a selloff on Wall Street a day earlier, stoking concerns about a sharp recession and putting focus on the upcoming labor market data.

U.S. stock index futures edged higher on Wednesday as investors digested hawkish comments from Federal Reserve Chair Jerome Powell that fueled a selloff on Wall Street a day earlier and put a sharp focus on the upcoming labor market data.

Tesla's (NASDAQ: TSLA) previous price cuts were met with similar moves from competitors. That has the effect of bringing down profit margins industrywide. This video explains what it could mean for Tesla stock investors.

Tesla (NASDAQ: TSLA) is practically the Rorschach test of stocks. You can learn a lot about an investor by finding out what their opinion is on the electric vehicle (EV) maker. Some view Tesla as an unstoppable force. Others think it's overrated.

With Tesla Inc (US:TSLA) stock off to a strong start, disclosure filings made after Tuesday's market close revealed three company insiders sold shares in Elon Musk’s electric vehicle company. 

Down a whopping 60% over the last 12 months, investors in Lucid Motors (NASDAQ: LCID) haven't had much to smile about recently. The electric automaker is reeling from a combination of epic cash burn and rising competition in the EV industry. Should investors bet on the company de

China's passenger vehicle sales fell 20% in the first two months of this year, industry data showed on Wednesday, underscoring weak demand in the world's biggest auto market even as some car manufacturers offer reduced prices to revive demand.

Ford Motor said on Wednesday it was offering a discount of 40,000 yuan ($5,700) on its Mustang Mach-E electric SUVs in China until the end of April.

Macro pressures and intense competition are expected to weigh on electric vehicle (EV) makers over the near-term. Nonetheless, the long-term demand for EVs is expected to be robust, driven by innovation, an emphasis on clean energy, and government incentives. We used TipRanks’ Stock Comparison Tool to place Tesla ( NASDAQ:TSLA ), Nio ( NYSE:NIO ), and General Motors ( NYSE:GM ) against each other to select the stock that could offer the highest upside from current levels. Tesla (NASDAQ:TSLA) Despite multiple headwinds, leading EV maker Tesla delivered upbeat fourth-quarter results and dismissed investors’ concerns about CEO Elon Musk not focusing on the company due to his much-publicized Twitter acquisition. Tesla produced 1.37 billion vehicles (up 47%) and delivered 1.31 vehicles (up 40%) in 2022. The company’s revenue grew 51% to $81.5 billion last year, while adjusted EPS jumped to $4.07 from $2.26 in 2021. Tesla aims to produce 1.8 million vehicles in 2023. It recently lowered the prices for Model S and Model X in the U.S. to boost sales. Meanwhile, Tesla continues to ramp its production capacity to ensure that it meets robust demand for EVs over the long term. Recently, Tesla received permission to establish its gigafactory in Mexico. The company aims to build more gigafactories to achieve its goal of producing 20 million EVs by 2030.   Is Tesla a Good Buy? Following Tesla’s recently held Investor Day, Jefferies analyst Philippe Houchois reiterated a Buy rating on the stock and raised his price target to $230 from $180. Houchois feels that the lack of the launch of a new product at the event does not imply any “major growth delays.” “Scaling up 3/Y further through dynamic pricing could limit the scope for earnings surprises in 2023/24 but benefit FCF [Free Cash Flow] and ROIC [Return on Invested Capital],” added Houchois. Wall Street has a Moderate Buy consensus rating for Tesla stock based on 22 Buys, eight Holds, and three Sells. The average TSLA stock price target of $211.59 implies 12.7% upside potential. Shares have rallied over 52% since the start of 2023.   Nio (NYSE:NIO) Chinese EV maker Nio’s fourth-quarter results and weak Q1 2023 deliveries guidance disappointed investors. The significant contraction in the company’s gross margin and a higher-than-anticipated loss in Q4 2022 were concerning. Nonetheless, several analysts remain optimistic about the company’s innovation as well as the growing footprint of its battery swap stations and charging infrastructure. The company intends to speed up the expansion of its battery-swapping network and plans to install additional 1,000 power swap stations this year. What is the Price Target for Nio? Citigroup analyst Jeff Chung reiterated a Buy rating on Nio and a $23.30 price target on NIO after hosting a business update call with the company on March 2. Chung noted that while management projects a gross profit margin of mid-to-high single-digit percentage in Q1 2023, they expect it to return to a double-digit percentage in Q2-Q3 2023 and are confident that the metric will reach 18% to 20% in Q4 2023. They expect this improvement to be driven by the ramp-up of high-margin models, “greater scale effect on sales increase,” and a potential decline in the cost of lithium carbonate. Further, they expect 2023 sales to benefit from a strong product cycle, supported by eight NT2.0 models, increasing power swap stations, and a better customer experience fueled by autonomous driving. Chung noted that management believes Q4 2022 was the “worst time” for the company and “retail leads and order intake in Feb-23 proved to be the best in the past five months.” With five Buys and four Holds, Nio earns a Moderate Buy consensus rating. At $15.42, the average Nio stock price target indicates 72% upside from current levels. Shares are down 8% year-to-date. General Motors (NYSE:GM) Legacy automaker General Motors closed 2022 with market-beating Q4 results and is positive about the business momentum this year. To improve its productivity during these challenging times, the company is targeting cost savings of $2 billion in its automotive business over the next two years. Additionally, the company is aggressively expanding in the lucrative EV market. It projects capital expenditure for 2023 in the $11 billion to $13 billion range, with around 75% of its product-specific capital budget allocated to EVs and autonomous vehicles (AVs). General Motors aims to double its revenue to the range of $275 billion to $315 billion by 2030. It plans to have a 1 million annual EV capacity in North America by 2025. Is GM a Good Stock to Buy? Recently, Tigress Financial analyst Ivan Feinseth reiterated a Strong Buy rating on General Motors stock and a price target of $86. Feinseth believes that “the ongoing cadence of new EV introduction ramps up, which, combined with GM’s ability to leverage the flexible architecture of its Ultium platform along with the introduction of software-defined capabilities and the connected vehicle, drive significant long-term shareholder value creation.” The Moderate Buy consensus rating for General Motors is based on seven Buys and four Holds. The average price target of $53.45 suggests 34.5% upside potential. Shares have advanced 18% so far this year. Conclusion Wall Street analysts are bullish about the long-term prospects of Tesla, Nio, and General Motors in the EV space, even as they acknowledge the impact of near-term macro pressures on these automakers. Currently, they see the greatest upside in Nio stock. Nio is well-positioned to lead the EV market in China, backed by its technology, growing charging network, and expansion into international markets.   Disclosure

Against the backdrop of high inflation and rising interest rates, electric vehicle (EV) stocks have seen dramatic pullbacks from previous valuation highs. Even after a run of rip-roaring gains to start 2023, industry leader Tesla's (NASDAQ: TSLA) stock trades down roughly 52% fro

U.S. stock indexes closed sharply lower on Tuesday after Federal Reserve Chair Jerome Powell told Congress the central bank will likely need to raise interest rates more than previously expected as it seeks to rein in stubbornly high inflation.

Tesla Chief Executive Elon Musk on Tuesday said that the next generation small car the company is working on would operate mostly in autonomous mode, similar to a promise he made in 2020.