Tesla (NASDAQ: TSLA) reportedly has received approval to manufacture its Model 3 vehicles with lithium iron phosphate batteries (LFP). According to Reuters, a document posted on the website of the Ministry of Industry and Information Technology acknowledges the approval; however
Auto parts suppliers across North America said they are encouraged as major automakers accelerate production after coronavirus pandemic shutdowns, but are holding back on hiring and investment because of longer-term uncertainty.
The stock market once again told a tale of two exchanges on Wednesday. The Nasdaq Composite (NASDAQINDEX: ^IXIC) had another great day, rising almost 1% and closing above 10,000 for the first time in its history. The Nasdaq 100 index did even better, gaining almost 1.5% and also
Nikola Corp, a maker of hydrogen-fueled vehicles, is in the process of picking a partner to produce its Badger pickup truck, while also aiming to start deliveries of its electric commercial big rigs next year, founder Trevor Milton said on Wednesday.
Consumer stocks were ending narrowly mixed, with the SPDR Consumer Staples Select Sector ETF climbing about 0.3% this afternoon while the SPDR Consumer Discretionary Select Sector ETF was slipping about 0.3%.
Late Tuesday evening, Tesla's (NASDAQ: TSLA) Vice President of Business Development Robin Ren updated his LinkedIn profile, listing June 2020 as the end date of his position at the electric carmaker. The move confirmed rumors that Ren had become the latest top executive to leave
Consumer stocks were narrowly mixed, with the SPDR Consumer Staples Select Sector ETF climbing about 0.1% this afternoon while the SPDR Consumer Discretionary Select Sector ETF was slipping about 0.5%.
A compilation of the most active stocks on U.S. exchanges. For faster updates on individual market-movers, Eikon users please use search string "STXBZ US" and Thomson One users please search "RT/STXBZ US".
What happened
Shares of electric-truck maker Nikola (NASDAQ: NKLA) were lower on Wednesday, after rivals Tesla (NASDAQ: TSLA) and Ford Motor Company (NYSE: F) clarified their plans for the upcoming electric trucks that Nikola hopes to challenge.
A compilation of the most active stocks on U.S. exchanges. For faster updates on individual market-movers, Eikon users please use search string "STXBZ US" and Thomson One users please search "RT/STXBZ US".
What happened
Shares of Tesla (NASDAQ: TSLA) surged higher on Wednesday. As of 10:00 a.m. EDT, the stock was up more than 6%, slightly over $1,000 for the first time.
In early trading on Wednesday, shares of Tesla topped the list of the day's best performing components of the Nasdaq 100 index, trading up 6.2%. Year to date, Tesla registers a 138.8% gain.
Unveiled in November 2017, Tesla's (NASDAQ: TSLA) Semi, Class 8 electric truck, isn't rolling along on America's highways and byways yet. Evidently, Elon Musk is ready to change that. In an email reportedly seen by Reuters, Musk states that now's the time to bring the electric S
A compilation of the most active stocks on U.S. exchanges. For faster updates on individual market-movers, Eikon users please use search string "STXBZ US" and Thomson One users please search "RT/STXBZ US".
A compilation of the most active stocks on U.S. exchanges. For faster updates on individual market-movers, Eikon users please use search string "STXBZ US" and Thomson One users please search "RT/STXBZ US".
Reuters
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39 minutes 31 seconds ago
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