What happened
Many electric vehicle (EV) stocks have taken hits in 2022 as some analysts and investors question whether hopes for massive growth are just pie in the sky. Lucid Group (NASDAQ: LCID) shares have dropped nearly 30% year to date as the company itself has lowered its n
There's a shift underway in the automotive sector from gas-powered vehicles to battery-powered ones. The current evolution of transportation is, ahem, sparking a lot of interest in electric vehicle (EV) stocks.
General Motors GM has announced that it is setting up an organization called Commercial Growth Strategies and Operations to boost profitability as it ramps up efforts to switch gears to electric. The organization will be led by GM veteran executive Steve Hill who has been
Elon Musk on Tuesday likened himself to the rapper Eminem in seeking to throw out his 2018 agreement with the top U.S. securities regulator requiring the Tesla Inc chief executive to obtain preapproval for his tweets.
Tesla Inc.’s TSLA shares climbed 8% following news that the company is mulling for stock split at its upcoming annual meeting in order to give stock dividend. Plantronics Inc.’s POLY shares soared 52.6% following news that the company will be acquired by HP Inc. HPQ fo
Yesterday, Tesla TSLA jumped more than 8% on news of a planned stock split, subject to shareholder approval. This would be the company’s second stock split in less than two years. Shares have been on a massive run since then, with the electric vehicle (EV) king joining th
Shanghai's COVID lockdown roiled auto production on Tuesday as a major supplier joined Tesla in shutting a plant to comply with the measures to control the spread of the virus.
Auto parts maker Aptiv on Tuesday sent home workers at a Shanghai production facility that supplies Tesla and a General Motors (GM) joint venture, citing COVID issues, sources familiar with the matter told Reuters.
The NASDAQ 100 Pre-Market Indicator is up 135.39 to 15,122.79. The total Pre-Market volume is currently 38,215,507 shares traded.The following are the most active stocks for the pre-market session: Nielsen N.V. (NLSN) is +4.8301 at $27.04, with 4,826,612 shares traded. NLSN's cu
U.S. stock index futures rose on Tuesday, putting Wall Street on course to extend a recent run of gains, as investors hoped for a breakthrough in Russia-Ukraine peace talks being held in Istanbul.
Investors appear enthusiastic about stock splits, even though a split does not change a business' value in any way. Still, stock splits tend to have two positive effects on stocks: One, they are evidence that a company has done quite well, and that management expects further pric
Racing out of the starting gate, shares of Rivian Automotive (NASDAQ: RIVN) began trading at $78 in mid November following the stock's initial public offering, rapidly rising to $172 only days later. But the joy ride didn't last much longer. Over the past three months, Rivian's s
Nio (NYSE: NIO) reported its fourth-quarter and full-year earnings on March 22, and it said it expects to deliver only about 25,000-26,000 vehicles in the first quarter. That shouldn't come as a surprise given the supply challenges facing Nio, but here's the thing: If you didn't
Global demand for nickel used in batteries is expected to rise more than 20% this year on solid demand for electric vehicles (EVs), Japan's biggest smelter of the metal Sumitomo Metal Mining said on Tuesday.
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Tata Motors, India's top-selling electric carmaker, said the cost of battery cells had increased by around 20% because of a global surge in raw material prices, mainly lithium, putting pressure on the company in the short-term.
General Motors' joint venture in Shanghai has maintained production amid the city's lockdown by asking workers to sleep on factory floors and getting passes for trucks to continue deliveries, two people familiar with the matter said.
Tesla's announcement on Monday that it will seek shareholder approval to increase its share count in order to enable a stock split adds to a recent wave of megacap companies splitting their shares in a bid to attract more investors.
The stock market is nothing if not tenacious. On Monday, investors got another reminder of how critical it is not to let their long-term investment strategies fall by the wayside. After having fallen sharply early in 2022, stock markets have powered back, and the Dow Jones Indust
Stock indexes picked up something of a head of steam in the final hour of trading for the normal session. Recent sector winners — namely Energy and Materials — brought up the rear, but otherwise the day saw green in most industries. The Dow grew 94 points, +0.27% on the d