Taiwanese tech suppliers are suffering from supply constraints, even for such things as packing materials, as some struggle to take advantage of soaring demand.
What happened
After tumbling nearly 9.7% last week, Rivian Automotive (NASDAQ: RIVN) stock opened Monday on a positive note and had shot up 4.8% as of 10:43 a.m. ET. Although the electric vehicle (EV) stock gave up some of those gains as the day progressed, it was still up 1.7% a
The Biden administration will allocate more than $3 billion in infrastructure funding to finance electric vehicle (EV) battery manufacturing, U.S. officials said on Monday.
Last week, five S&P 500 auto companies came out with their first-quarter 2022 earnings release. While General Motors GM beat Q1 earnings estimates, Ford F missed the same. Both the U.S. auto giants witnessed a year-over-year fall in sales and profits. Meanwhile, truck
The NASDAQ 100 Pre-Market Indicator is down -54.57 to 12,800.23. The total Pre-Market volume is currently 32,380,105 shares traded.The following are the most active stocks for the pre-market session: Redbox Entertainment Inc. (RDBX) is +1.35 at $7.33, with 3,946,951 shares trade
General Motors (NYSE:GM) posted a stronger than expected set of Q1 FY 2022 results and raised its full-year earnings guidance, showing signs of a strong comeback after a relatively muted 2020 and 2021. Quarterly revenues came in at about $36 billion, up 10.7% compared to the prev
Ford (NYSE:F) posted a mixed set of Q1 2022 results, as the company continued to witness strong demand, although production was weighed down by continued supply chain issues and rising inflation. Ford’s total revenue declined 5% year-over-year to $34.5 billion, driven by lo
Do You Have These Electric Vehicle Stocks On Your Watchlist Today?As the world looks to go green, electric vehicle (EV) stocks could be worth checking out in the stock market. After all, plenty of automakers has been announcing plans to electrify their fleets. All this comes at a
What happened
EV maker Rivian Automotive (NASDAQ: RIVN) has been on investors' radar this week for the wrong reason. While past performance isn't necessarily indicative of future results, the drag Rivian stock has had on the first-quarter earnings reported by Ford and then Amazon
What happened
Rivian Automotive (NASDAQ: RIVN) stock is losing ground again in this week's trading. The company's share price was down roughly 4.3% from last week's close ahead of Friday's market open, according to data from S&P Global Market Intelligence.
If you ask sales personnel which tool they use most at work, a likely answer could be Salesforce (NYSE: CRM). There is a reason that the company uses the ticker symbol CRM to represent itself on the public market -- Salesforce is the clear leader in customer relationship manageme
Auto parts maker Magna International Inc on Friday lowered its annual profit forecast, as a global semiconductor shortage and rising raw material prices pressure vehicle production.
Ford Motor Co confirmed late on Thursday it will halt production next week at its Flat Rock plant where it assembles the Mustang because of a shortage of semiconductor chips.
What happened
When Rivian Automotive (NASDAQ: RIVN) stock crashed last week, I believed it had further to fall. The electric vehicle (EV) stock tumbled 5.4% as of 11:05 a.m. ET today before recouping those losses by two hours later. Even then, Rivian shares though were still down
Ford Motor Company (NYSE: F) is just beginning its transformation that will restructure the company into three distinct business units. The Ford+ plan includes an electric vehicle (EV) unit, a legacy internal combustion group, as well as a group solely focused on its commercial c
A key Democratic senator on Thursday questioned the need to extend electric vehicle tax credits in the face of strong consumer demand and Chinese production of battery components.
What happened
When Ford (NYSE: F) delivered its first-quarter numbers after the bell Wednesday, it reported a $3.1 billion net loss for the period. Most of that was due to the plunging value of its investment in EV start-up Rivian Automotive (NASDAQ: RIVN). But Ford stock still t