Tesla Motors TSLA reported record deliveries for the fourth quarter but fell short of the analysts’ estimates due to logistics problems, slowing demand, rising interest rates and fears of recession. The miss has only added to the company’s pains of share price slide, surg
Wall Street's main indexes fell on the first trading day of the year following declines in Apple and energy stocks, with investors awaiting the Federal Reserve's meeting minutes for further clarity on the path of future interest rate hikes.
In early trading on Tuesday, shares of Pinduoduo topped the list of the day's best performing components of the Nasdaq 100 index, trading up 6.9%. Year to date, Pinduoduo registers a 6.9% gain.
Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the Invesco QQQ (Symbol: QQQ) where we have detected an approximate $2.0 billion dollar inflow -- that's a 1.4% increase week over week in outstanding u
U.S. stock index futures rose on Tuesday, the first trading day of 2023, as investors await a slew of economic data this week as well as minutes from the Federal Reserve's previous meeting for clues on the path of future interest rate hikes.
Nio (NYSE: NIO) and Li Auto (NASDAQ: LI) are both rapidly growing Chinese electric vehicle makers that took investors on wild rides following their public debuts.Nio, which produces SUVs and sedans, went public at $6.26 per ADS in September 2018. Its stock hit an all-time high of
With Tesla (NASDAQ: TSLA) shares falling 65% in 2022, shareholders were likely hoping for good news from the electric-car maker when it reported fourth-quarter deliveries. Unfortunately, the automaker's update on quarterly production and deliveries may not be enough to excite inv
LONDON (Reuters Breakingviews) - There was a time when forecasting was a relatively simple pursuit. The most reliable approach was to assume that the coming year would turn out much like the previous one. Many corporate chieftains and money mana
(RTTNews) - Elon Musk's Space Exploration Technologies Corp. or SpaceX is raising $750 million in a new round of funding, valuing the company at $137 billion, CNBC reported citing a correspondence it viewed.
Tesla Inc's China chief Tom Zhu has been promoted to take direct oversight of the electric carmaker’s U.S. assembly plants as well as sales operations in North America and Europe, according to an internal posting of reporting lines reviewed by Reuters.
Tesla Inc's China chief Tom Zhu has been promoted to take charge of the electric carmaker’s U.S. assembly plants as well as sales operations in North America and Europe, according to an internal posting of reporting lines reviewed by Reuters.
South Korea's antitrust regulator said it would impose a 2.85 billion won ($2.2 million) fine on Tesla Inc for failing to tell its customers about the shorter driving range of its electric vehicles (EVs) in low temperatures.
Tesla Inc's China chief Tom Zhu has been promoted to take charge of the electric carmaker’s U.S. assembly plants as well as sales operations in North America and Europe, according to an internal posting of reporting lines reviewed by Reuters.
Tesla Inc's China chief Tom Zhu has been promoted to take charge of the electric carmaker’s U.S. factories as well as sales operations in North America and Europe, according to an internal posting of reporting lines reviewed by Reuters.
HONG KONG (Reuters Breakingviews) - Foxconn’s most important project in 2023 will be to remake itself. The Taiwanese company is best known for churning out Apple iPhones in China and shipping them around the world, but Chairman Liu Young-w
Tesla Inc's head of China, Tom Zhu, has taken over responsibilities for sales, service and deliveries in North America, Electrek website reported on Monday, citing sources familiar with the matter.
2020 and 2021 brought a flurry of investment into electric vehicles (EVs) as virtually every major legacy automaker implemented new programs centered around lowering emissions and improving sustainability.But in 2022, the landscape of the auto industry, including EVs, was heavily
(RTTNews) - Tesla Inc. (TSLA) on Monday reported increase in production and deliveries for the fourth quarter, despite concerns regarding slowing demand for electric vehicles amid recession fears.
Tesla Inc on Monday reported record production and deliveries for fourth-quarter electric vehicle deliveries but fell short of Wall Street estimates, burdened by lingering logistics problems and slowing demand amid rising interest rates and recession fears.