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What happened Shares of electric car manufacturer Lucid Group (NASDAQ: LCID) took a tumble Friday morning. They're down 7.2% as of 9:50 a.m. ET in sympathy with a negative earnings report from fellow electric start-up Rivian Automotive (NASDAQ: RIVN) -- which is down 12.7%!

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Rivian Automotive Inc shares sunk nearly 13% on Friday to hit a record low after the electric pick-up truck maker's first result as a listed company highlighted the challenges it was likely to face in ramping up production to take on EV leader Tesla Inc.

The Nasdaq index is set to open lower on Friday as big technology-related shares tumbled, reeling from the Federal Reserve's decision to end its pandemic-era stimulus faster, which pushed investors towards cyclical parts of the market.

While no company has yet achieved the feat of deploying a fully autonomous vehicle, many investors have their sights set on Tesla (NASDAQ: TSLA) as the vehicle maker most likely to win this race. In this segment of Backstage Pass, recorded on Nov. 3, Fool.com contributors Trevor

In 2021, Shiba Inu (CRYPTO: SHIB) and Dogecoin (CRYPTO: DOGE) exploded onto the cryptocurrency scene. Using the Japanese hunting dog, the Shiba Inu, as their mascots, both cryptocurrencies seemingly came out of nowhere and went on a run that turned some early investors into billi

The Nasdaq led declines among U.S. stock index futures on Friday as big technology-related shares tumbled, reeling from the Federal Reserve's decision move to end its pandemic-era stimulus faster, which pushed investors towards cyclical parts of the market.

Rivian Automotive Inc shares fell 10% in premarket trading on Friday, after the electric pick-up truck maker's first result as a listed company highlighted the challenges it is likely to face in ramping up production to take on EV leader Tesla Inc.

Continuing with the disposal of his shares in the company, Tesla (NASDAQ: TSLA) CEO Elon Musk has sold 934,091 more shares worth over $884 million, as reported by Bloomberg, citing regulatory filings. The world’s richest person sold the shares to meet his tax obligations on the exercise of 2.2 million options. 

Following the news, shares of the electric car maker had declined 1.5% in the pre-market trading session at the time of writing. 

Total Share Sale 

The selling spree by Musk started after a Twitter (NYSE: TWTR) poll on November 6, when Musk asked his followers whether he should sell Tesla shares to pay taxes. 

So far, Musk has sold about 12.9 million shares valued at $13.6 billion and takes him to about three-quarters of the way to selling 10% of his Tesla stake.

Analyst Recommendations 

Recently, Daiwa analyst Jairam Nathan maintained a Hold rating on Tesla and lifted the price target to $1,050 (13.28% upside potential) from $860.  

The rest of the Street is cautiously optimistic about the stock, with a Moderate Buy consensus rating based on 13 Buys, 7 Holds, and 6 Sells. The average Tesla price target of $985.64 implies 6.33% upside potential. Shares have gained 41.3% over the past year. 

Website Traffic 

TipRanks’ Website Traffic Tool, which uses data from SEMrush Holdings (NYSE: SEMR), the world’s biggest website usage monitoring service, offers insight into Tesla’s performance. According to the tool, the Tesla website recorded a 1.2% increase in global visits in November compared to the same period last year. In contrast, a quarter-to-date comparison showed a decline of 6.43% compared to Q4 2020, while year-to-date website traffic growth stands at 1.67%.

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Tesla (NASDAQ: TSLA) recently said that production of its Cybertruck electric pickup would be delayed by almost a year to the end of 2022,  due to the ongoing supply chain issues plaguing the automotive industry. So will the new truck be a big money maker for Tesla when it

Northvolt Chief Executive Peter Carlsson wants to take on his old boss Elon Musk with the greenest electric vehicle batteries in the world. But he needs to start producing them first.

Tesla has long been the number one manufacturer of electric vehicles and will most likely account for nearly two-thirds of all EV sales this year, but Ford is racing to catch up, reported Bloomberg. In an interview with Bloomberg Television, Jim Farley, Ford’s CEO, said he eventually wants to be the top EV company and [...] Read more at ETFtrends.com.

The Nasdaq ended sharply lower on Thursday as the Federal Reserve's announcement of a faster end to its pandemic-era stimulus pushed investors away from Big Tech and toward more economically sensitive sectors.

Amazon-backed electric vehicle startup Rivian Automotive Inc on Thursday said it will build a $5 billion plant in Georgia, its second U.S. assembly plant, as it looks to expand production.

Amazon-backed electric vehicle startup Rivian Automotive Inc on Thursday said it will build a plant in Georgia, its second U.S. assembly plant, as it looks to expand production.

The Nasdaq ended sharply lower on Thursday as the Federal Reserve's announcement of a faster end to its pandemic-era stimulus pushed investors away from Big Tech and toward more economically sensitive sectors.

The Nasdaq ended sharply lower on Thursday as the Federal Reserve's announcement of a faster end to its pandemic-era stimulus pushed investors away from Big Tech and toward more economically sensitive sectors.

(RTTNews) - Six more women have filed lawsuits against electric car marker Tesla Inc. (TSLA), alleging that the company failed to prevent widespread sexual harassment at its manufacturing facilities in Freemont, California.

It appeared that after Wednesday's announcement from the Federal Reserve, investors might have gotten over their concerns about inflation and its potential impact on growth stocks. Instead, market volatility returned to Wall Street on Thursday, and it hit the Nasdaq Composite (NA

What happened Shares of Tesla (NASDAQ: TSLA) tumbled on Thursday, declining more than 4% as of 12:40 p.m. ET. The stock is likely down because of knee-jerk selling in many growth stocks on Thursday, following the Federal Reserve's commentary yesterday about its expectations to ra