The stock market has widely recovered from the coronavirus pandemic, with the S&P 500 index up more than 5% year to date. But some companies are still trading at attractive discounts because of the disproportionate impacts they faced during the crisis.
It has been a momentous year for electric vehicles (EVs). Tesla (NASDAQ: TSLA) began delivery of its Model Y, Ford's (NYSE: F) Mustang Mach-E will start showing up late in 2020, and a slew of other electric and hybrid models have started popping up at other automakers. And let's
Electric vehicle companies have been the darlings of Wall Street in 2020, with Tesla (NASDAQ: TSLA), Nikola (NASDAQ: NKLA), Workhorse Group (NASDAQ: WKHS), and Nio (NYSE: NIO) all up more than 300% for the year.
Foreign automakers are seeking delays and exemptions to India's planned new quality rules for imported auto parts, arguing the regulations will increase costs, hurt sales and disrupt supply chains, sources with direct knowledge of the matter told Reuters.
Foreign automakers are seeking delays and exemptions to India's planned new quality rules for imported auto parts, arguing the regulations will increase costs, hurt sales and disrupt supply chains, sources with direct knowledge of the matter told Reuters.
Walmart Inc said on Wednesday it would run a pilot project for delivery of grocery and household products through automated drones, along with end-to-end delivery firm Flytrex, as the U.S. retailer looks to beef up its delivery business.
Delivery fleet operators face regulatory pressure in California and other states to buy electric vehicles, but a surge in package deliveries thanks to coronavirus lockdowns has major firms itching to switch to electric right now.
From the moment he was named chief operating officer and heir apparent to the top spot at Ford Motor Co in February, Jim Farley has touted the growth potential of its commercial vehicles.
With a contentious election ahead and continued saber-rattling between the US and China, we suspect investors are likely to be a tad more cautious and selective as we put the Labor Day holiday in the rearview.
Tesla (NASDAQ: TSLA) has had a remarkable year, with its shares up more than 350% in 2020 even after a recent hiccup thanks to the growing investor excitement about the auto industry going electric.
U.S. job growth slowed further in August as financial assistance from the government ran out, threatening the economy's recovery from the COVID-19 recession.