Tesla Inc Chief Executive Elon Musk said on Tuesday that he backs moderate Republicans as well as moderate Democrats, just three months after announcing that he would vote for Republicans.
The automobile sector came up with mixed results this reporting season. All of the S&P automobile companies reported this earnings season. About 87.5% of companies beat on earnings while 62.5% surpassed on revenues. Moreover, earnings rose 37.2% year over year while r
Ford's (US:F) growing new electric vehicle focus attracted car buyers and stock traders in recent months after posting stronger than expected sales, positive analyst comments and further revelations about its EV strategy.
China Association of Automobile Manufacturers (CAAM) released vehicle sales data for July. Vehicle sales in China rose 29.7% year over year to 2.42 million units, extending June’s recovery on the back of relaxation of COVID-induced curbs as well as stimulus packages offer
The worldwide cry for clean energy and carbon-emission reduction has made lithium a hot commodity. Demand for lithium is only likely to grow, perhaps eventually making it more valuable than the precious metals.
U.S. President Joe Biden will sign legislation on Tuesday that will eliminate electric vehicle tax credits for most models currently getting up to $7,500 effective.
Encrypted messaging service Signal said the phone numbers of 1,900 users could have been revealed in a phishing attack on Twilio Inc, its verification services provider, earlier this month.
On August 7, the U.S. Senate passed the Inflation Reduction Act, authorizing $740 billion in spending. Days later, the legislation passed the House of Representatives as well -- and it is now on its way to President Joe Biden to sign.
Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the iShares MSCI USA Value Factor ETF (Symbol: VLUE) where we have detected an approximate $69.4 million dollar outflow -- that's a 0.7% decrease week o
Volkswagen AG and Mahindra and Mahindra on Monday expanded their cooperation and signed a term sheet under which the German carmaker will supply electric components to its Indian peer.
Wall Street closed sharply higher on Friday as investors confidence boosted by two major inflation data released last week. Market participants are expecting the inflation to \cool gradually going forward. Moreover, the U.S. Congress also cleared a major Inflation Reducti
Rivian Automotive (NASDAQ: RIVN) has been a polarizing stock ever since its IPO last November. The electric vehicle (EV) maker initially attracted a stampede of bulls because it was backed by Amazon (NASDAQ: AMZN) and Ford Motor Company (NYSE: F), but the bears mauled the stock a
Audi of America, Kia Corp and Porsche said on Friday that buyers of its electric vehicles will lose access to federal tax credits of up to $7,500 once President Joe Biden signs a $430 billion climate, health and tax measure.
Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in AFLAC Inc (Symbol: AFL), where a total of 18,428 contracts have traded so far, representing approximately 1.8 million underlying shares. That amounts to about 75.3% of
Both Ford and General Motors are benefiting from pent-up demand because of the choked supply chain. Supply chain constraints and component shortages are now expected to continue for a few more quarters, which could limit production, and get in the way of filling channel i
After much of the hype died down from Rivian Automotive's (NASDAQ: RIVN) initial public offering last November, its stock plummeted from levels that had valued it at more than both Ford and General Motors at the time. Investors soon realized the realities involved in starting an
U.S. automakers and dealers are scrambling to figure out if they can still offer $7,500 tax credits to would-be buyers of electric vehicles (EVs), as Congress prepares for final votes today on a bill that includes a top-to-bottom overhaul of Washington's clean vehicle policies.
The U.S. House of Representatives will vote Friday on a $430 billion bill to fight climate change and lower prescription drug prices, in what Democrats view as a major political win for President Joe Biden ahead of November's midterm elections.