Electric vehicle giant Tesla is suspending production at its Shanghai factory for two days, according to a notice sent internally and to suppliers, as China tightens COVID restrictions to curb the country's latest outbreak.
For Immediate ReleaseChicago, IL – March 16, 2022 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in
Electric vehicle giant Tesla is suspending production at its Shanghai factory for two days, according to a notice sent internally and to suppliers, as China tightens COVID restrictions to curb the country's latest outbreak.
Chinese electric vehicle (EV) maker BYD Co Ltd said it will raise prices on its cars by 3,000-6,000 yuan ($471-942), citing rising raw materials costs, just a day after U.S. peer Tesla Inc upped prices for the second time in a week.
Chinese electric vehicle (EV) maker BYD Co Ltd late on Tuesday said it would raise prices on its cars by 3,000-6,000 yuan ($471-942), citing the rising cost of raw materials.
What happened
Just when investors thought Rivian Automotive (NASDAQ: RIVN) would sink to new lows today after the stock tanked 6.7% by 10:12 a.m. ET, shares rebounded sharply and surged 3.3% by the close on Tuesday. Yes, Rivian rode the broader market rebound, but something else
Mercedes-Benz AG won't cut spending on future electric vehicles even as it copes with supply-chain cost pressures exacerbated by the Russia-Ukraine conflict, the German automaker's chief executive said on Tuesday.
What happened
Elon Musk's social media followers have seen him comment on how to deal with an inflationary environment recently, and now the Tesla (NASDAQ: TSLA) CEO is showing people how his company is addressing rising commodity prices. Today, investors took the news of rising
Ford Motor F recently unveiled a slew of products that include a new generation of seven all-electric, fully-connected passenger vehicles to move toward an all-electric future in Europe. Additionally, the auto giant has multiple investments lined up to support its electri
Mercedes-Benz AG opened its first U.S. electric vehicle (EV) battery factory on Tuesday and said Japanese battery maker Envision AESC would supply battery modules for U.S.-made Mercedes EVs from a new U.S. plant by the middle of the decade.
Russian aluminium giant Rusal is diverting bauxite cargoes from Guinea to its refinery in Ireland after the original destination in Ukraine shut down because of the Russian invasion, shipping data shows.
Russian aluminium giant Rusal is diverting bauxite cargoes from Guinea to its refinery in Ireland after the original destination in Ukraine shut down because of the Russian invasion, shipping data shows.
For Immediate ReleaseChicago, IL – March 15, 2022 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in
Amazon's (NASDAQ: AMZN) stock price has been elevated for some time. It was last under $500 per share in 2015, placing it out of reach of many investors who don't use a brokerage that offers fractional shares. The Motley Fool recommends having 25 stocks in a diversified portfolio
Tesla Inc raised prices by about 5% on Tuesday for some of its China-made Model 3 and Model Y products, the website of the U.S. electric vehicle maker showed, in its second such hike in five days.
Tesla Inc raised the prices of its high-end China-made model 3 and model Y vehicles on Tuesday, the firm said on its website, the second time in five days that the U.S. electric vehicle maker has done so.
The share price of Warren Buffett's Berkshire Hathaway Inc reached $500,000 for the first time on Monday, reflecting the company's status as a defensive stock in a market unsettled by events in Ukraine and rising inflation.
What happened
Monday was a volatile day for the stock markets, but some stocks from across different sectors were hammered black and blue and plunged sharply as the day progressed. For example, here's how some names were faring as of 2:20 p.m. ET:
Ford Motor F has projected a 12% fall in sales in the United States this year due to worsening production tailbacks, per a report by Automotive News.It has been reported that dealers have been recently warned of a sharp decline in U.S. deliveries to 1.66 million vehicles
Electric-car makers may have to rethink how they source raw materials as the surge in commodity prices due to Russia's invasion of Ukraine puts pressure on their profit margins, analysts at RBC wrote in a note on Monday.