What happened
Shares of electric-car maker Tesla (NASDAQ: TSLA) jumped on Friday afternoon. The stock rose from levels around $1,410 in the first half of the trading day to nearly $1,500. As of about 2 p.m. EDT, the stock was up approximately 7% for the day.
Electric vehicle startup Rivian, which is backed by Amazon and Ford Motor and aims to put an electric pickup and SUV in production in 2021, boosted its war chest further with a $2.5-billion investment round led by T. Rowe Price, Rivian said Friday.
Electric vehicle startup Rivian, which is backed by Amazon and Ford Motor and aims to put an electric pickup and SUV in production in 2021, boosted its war chest further with a $2.5-billion investment round led by T. Rowe Price, Rivian said Friday.
Tesla (NASDAQ: TSLA) stock has seemingly defied gravity this year. Shares are up about 230% year to date, obliterating the S&P 500's 3% decline over the same time frame. Zooming out to the past 12 months, Tesla's gains are even more astounding. Shares are up about 500% over
Tesla (NASDAQ: TSLA) stock has seemingly defied gravity this year. Shares are up about 230% year to date, obliterating the S&P 500's 3% decline over the same time frame. Zooming out to the past 12 months, Tesla's gains are even more astounding. Shares are up about 500% over
Few parts of the stock market have been more exciting lately than the electric-vehicle (EV) industry, as established automakers and new upstarts fight to take advantage of rising demand for sustainable transportation. NIO (NYSE: NIO) is one rising player in the industry, as the
Few parts of the stock market have been more exciting lately than the electric-vehicle (EV) industry, as established automakers and new upstarts fight to take advantage of rising demand for sustainable transportation. NIO (NYSE: NIO) is one rising player in the industry, as the
Japan's Honda Motor Co Ltd will pick up a 1% stake in electric vehicle (EV) battery maker Contemporary Amperex Technology (CATL) and the two will jointly develop EV batteries, the Chinese firm said in a filing on Friday.
Japan's Honda Motor Co Ltd will pick up a 1% stake in electric vehicle (EV) battery maker Contemporary Amperex Technology (CATL) and the two will jointly develop EV batteries, the Chinese firm said in a filing on Friday.
China's electric vehicle (EV) battery maker Contemporary Amperex Technology (CATL) said on Friday that Japanese automaker Honda will buy shares in the company to hold a 1% stake and the firms will jointly develop EV batteries.
China's electric vehicle (EV) battery maker Contemporary Amperex Technology (CATL) said on Friday that Japanese automaker Honda will buy shares in the company to hold a 1% stake and the firms will jointly develop EV batteries.
China's auto sales in June rose 11.6% from a year earlier, industry data showed on Friday, up for a third consecutive month as the world's biggest vehicle market comes off lows hit during coronavirus lockdowns.
China's auto sales in June rose 11.6% from a year earlier, industry data showed on Friday, up for a third consecutive month as the world's biggest vehicle market comes off lows hit during coronavirus lockdowns.
WeRide, a Chinese autonomous vehicle startup, said on Friday it has become the first autonomous company to start fully driverless vehicle testing in China, as the world's biggest auto market accelerates development of autonomous technologies.
WeRide, a Chinese autonomous vehicle startup, said on Friday it has become the first autonomous company to start fully driverless vehicle testing in China, as the world's biggest auto market accelerates development of autonomous technologies.
The S&P 500 and Dow dropped on Thursday as investors worried about another round of business shutdowns to contain a surge in coronavirus cases and began to shift their focus to earnings, while the Nasdaq hit another record closing high.
Reuters
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