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More than 60% of United Auto Workers union members at General Motors' Arlington, Texas assembly plant voted to approve a new labor deal, boosting the odds of passage, in what is the closest vote of the three Detroit automakers.

China's Xpeng posted a wider-than-expected quarterly operating loss on Wednesday due to costs stemming from a production ramp-up, sending the U.S.-listed shares of the electric-vehicle maker down more than 3%.

It’s been a bumpy year for investors taking broad approaches to electric vehicle stocks and exchange traded funds. For example, shares of Tesla (NASDAQ: TSLA), the largest domestic EC manufacturer, have surged nearly 93%. Conversely, a variety of other EV original equipment manufacturers (OEMs) have slumped, as have broad measures of lithium stocks. The KraneShares [...] Read more at ETFTrends.com.

Tesla Inc did not violate U.S. labor law by prohibiting workers at its flagship Fremont, California, assembly plant from wearing pro-union t-shirts, a federal appeals court has ruled.

The NASDAQ 100 Pre-Market Indicator is up 71.58 to 15,884.05. The total Pre-Market volume is currently 48,355,800 shares traded.The following are the most active stocks for the pre-market session: Kinnate Biopharma Inc. (KNTE) is +0.49 at $2.06, with 5,876,421 shares traded. As

Retirement is an easy thing to lose sight of in the day-to-day hustle and bustle. But planning for retirement is one of the most important things we will do in our lives. Maybe it seems a long way off. But let me tell you, time moves quickly as we age, and putting off saving and

Below is Validea's guru fundamental report for TESLA INC (TSLA). Of the 22 guru strategies we follow, TSLA rates highest using our Small-Cap Growth Investor model based on the published strategy of Motley Fool. This strategy looks for small cap growth stocks with solid fundament

As earnings season draws to a close, you might be wondering which stocks are worth doubling down on, or where you can find the most enticing growth prospects. Many on Wall Street have been sounding an alert for a new tech bull market thanks in large part to artificial intelligenc

Tesla (NASDAQ: TSLA) stock has taken quite the roller coaster ride in 2023. It has been as low as $108 and as high as $293 but currently sits at around $215 after a steady decline over the past few months. But the sentiment behind Tesla stock has also changed, as the company has

China's Xpeng posted a wider-than-expected quarterly operating loss on Wednesday due to costs stemming from a production ramp-up, sending the U.S.-listed shares of the electric vehicle maker down 2.5% in premarket trading.

Designed to provide broad exposure to the Consumer Discretionary - Broad segment of the equity market, the Consumer Discretionary Select Sector SPDR ETF (XLY) is a passively managed exchange traded fund launched on 12/16/1998.

For years, a little-known company called Tooling & Equipment International has helped Tesla push back the frontiers of "gigacasting", the process it pioneered to cast large body parts for cars in one piece to save time and money. Until 2023, that is. TEI is now part of General Motors after agreeing a deal that may have flown under the radar but is a key part of the U.S. automaker's strategy to make up ground on Tesla.

The three major indexes have advanced from their bear market lows, but you may still be worried every time the market dips. After all, markets aren't completely predictable on a day-to-day basis, and additional declines are always possible. But before losing sleep about this, it'

A unit of Beijing-based automaker BAIC Group has applied to regulators for approval to build two Xiaomi-branded electric vehicles (EVs), China's industry ministry website showed on Wednesday.

The next generation of the Toyota Camry, the best-selling sedan in the U.S. market, will come with only a gas-electric hybrid powertrain, the boldest move yet by the Japanese automaker to push hybrid technology into the heart of the U.S. market.

Undeniably, the once-vibrant and promising EV sector faces serious challenges. However, EV sector bulls who still want to participate in the possible opportunity may fare better with charging station operator EVgo ( NASDAQ: EVGO ). That's because, thanks to its infrastructural focus, it doesn’t necessarily matter to the company which vehicle manufacturing brand wins out. However, it’s a tricky narrative. Therefore, I'm neutral on EVGO stock. EVGO's Strong Q3 Performance Fundamentally, stakeholders of EVGO stock aim for the broader integration of electric mobility platforms. In other words, they’re betting on the attendance stats of the big game rather than which team will win it. And that’s an enviable position to be in right now. With sector giant Tesla ( NASDAQ: TSLA ) posting disappointing results for the third quarter, that opened the door for EVgo to deliver. It took full advantage. According to TipRanks reporter Kailas Salunkhe, the charging station operator rang up sales of $35.1 million, representing a leap of 234.3% against the year-ago quarter. Even better, analysts anticipated that the company would hit $29.8 million in revenue. On the bottom line, EVgo posted a loss of $0.09 per share. While obviously not the most ideal situation, this figure beat Wall Street’s consensus estimate by $0.11. Further, Salunkhe pointed out that during Q3, “EVgo’s network throughput increased by 208% over the prior year to 37 gigawatt-hours. The company added more than 106,000 new customer accounts, taking the overall customer count to over 785,000.” Additionally, the company had nearly 3,400 charging stalls in operation or under construction at the end of the quarter. Notably, EVgo’s PlugShare – a mobile and web application for charging station locations and information – now commands more than 4.1 million registered users. To be sure, EV companies are at each other’s throats. For example, Tesla continues to introduce price cuts to its popular models, forcing other EV makers to respond. Subsequently, the price war has become one of attrition. It wouldn’t be surprising to hear about individual EV startup failures. However, so long as consumers are buying EVs, infrastructure providers should theoretically benefit. That’s a major plus for EVGO stock. Recurring Revenue Model is a Key Driver Of course, the dilemma for individual EV brands is to convince consumers that their company is superior to the competition. While the rewards involved in dominating the field can be robust, so are the risks. Naturally, the broader automotive industry imposes a capital-intensive profile. However, every EV needs to “charge" up. In many ways, then, EVgo enjoys the easier pathway forward. It comes down to the business model. EV manufacturers mostly depend on a transactional model; that is, sell a car to a customer and hope that the driver will come back in a few years’ time to buy another one. Do that at scale, and a company could be sitting pretty. However, with fierce competition in place, succeeding in the EV manufacturing space represents a tall order. In contrast, EVgo and other infrastructure players depend on a recurring revenue model. Essentially, every EV will need to charge up to stay roadworthy. And with such a binary proposition – keep moving or stay stuck – infrastructure companies should enjoy predictable revenues. After all, while consumers may spend days, weeks, and even months figuring out which car to buy, they don’t usually go through consternation about which infrastructure brand to use. Gas is gas or in the case of EVs, electrons are electrons. Risky Business Nevertheless, EVGO stock isn’t devoid of risk. Even with the impressive Q3 performance, shares lost a worrying amount of value over the trailing 52-week period. As circumstances stand now, EVgo must climb a treacherous credibility wall. On a broader view, while EV integration continues to march higher, a risk also exists regarding the low-hanging fruit theory. Stated differently, it’s possible that all EV brands have already converted willing high-income households into customers. Attracting the middle-income crowd will likely be a tougher task. As I pointed out on October 16, not even high gasoline prices have lifted TSLA, even though elevated gas prices are a major catalyst for EV makers. As of this writing, this statement still rings true. Is EVGO Stock a Buy, According to Analysts? Turning to Wall Street, EVGO stock has a Moderate Buy consensus rating based on one Buy, two Holds, and zero Sell ratings. The average EVGO stock price target is $5.00, implying 59.7% upside potential. The Takeaway: EVGO Stock Offers a Relatively Sensible Approach Relatively speaking, EVGO stock offers a sensible approach to the EV opportunity. With individual brands engaged in a bitter price war, it’s difficult to determine who will win. However, everyone will need access to public charging infrastructure for full integration to become a reality. That benefits EVgo, but a caveat exists. It’s possible that the industry has already plucked the low-hanging fruit, presenting a risk for all players. Disclosure

Renault will try on Wednesday to fire up doubtful investors ahead of a planned market listing of its electric vehicle (EV) unit Ampere, a key plank of CEO Luca de Meo's revamp of the French automaker.

Canoo on Tuesday slashed spending plans for the second half of the year amid a market slowdown for electric-vehicle (EV) sales and forecast a smaller core loss in a tight funding environment.

Rivian Automotive ( NASDAQ: RIVN ) certainly isn't the most famous or well-capitalized electric vehicle (EV) maker. Yet, I believe Rivian's shareholders should stay on track and be patient. I am bullish on RIVN stock, but only for the long term, as Rivian's road to recovery will take some time. Headquartered in California, Rivian Automotive manufactures EVs, including electric commercial delivery vans. Believe it or not, Tesla ( NASDAQ: TSLA ) CEO Elon Musk predicted last year that Rivian would go bankrupt. Of course, Musk's dire prediction about Rivian should be taken with a grain of salt. After all, he's the head of a competing EV manufacturer. Still, Rivian has had its fair share of challenges, but a fresh round of data indicates that the automaker is doing better than the experts had anticipated. Rivian Looks Beyond Amazon Partnership In the history of the company's existence, Rivian's biggest win is probably a collaboration with e-commerce and product delivery giant Amazon ( NASDAQ:AMZN ). What could possibly be better for Rivian than an agreement to manufacture electric commercial delivery vans for Amazon? Just that deal, by itself, could sustain Rivian for a long time. On the other hand, it's understandable if Rivian's management doesn't want to be limited by its Amazon partnership.  Thus, it makes sense that Rivian is now allowing companies other than Amazon to purchase the automaker's custom-designed Rivian Commercial Van. To quote Rivian Automotive CEO RJ Scaringe, "We’re excited to open sales of our electric commercial van to more businesses."  Don't get the wrong idea here. Scaringe and Rivian will still work closely with Amazon. "Amazon is, and will remain, a key partner for us," the Rivian CEO assured.  In other words, Rivian Automotive will still help Amazon achieve its goal of decarbonizing last-mile package delivery, yet the automaker can also generate revenue by selling the Rivian Commercial Van to other businesses. You must agree; it's just great news all around for Rivian. Rivian Ramps Up Its EV Production Target Speaking of great news, Rivian recently published its shareholder letter for 2023's third quarter. Perhaps the best part of the letter is the disclosure that Rivian is raising its full-year 2023 EV production outlook.  Previously, Rivian had guided for production of 52,000 units. Now, the company expects to produce 54,000 units for the year. Rivian's management cited "the progress experienced on [its] production lines, the ramp of [its] in-house motor line, and the supply chain outlook" as reasons for the raised EV production guidance. That's not the only positive news. Rivian also improved its adjusted EBITDA guidance, citing "progress on cost management" while also lowering the company's capital expenditures (CapEx) guidance. What about Rivian's third-quarter 2023 performance, though? No worries there, as the company produced 16,304 EVs, a quarterly record for the company. Plus, that figure demonstrated excellent progress compared to the production of 13,992 vehicles in the second quarter and only 7,363 units in 2022's third quarter.  Musk would probably scoff at those production figures. However, Tesla also had to grow its operations over time. Currently, I believe there's no reason to assume that Rivian Automotive will go bankrupt. Getting back to the Q3-2023 results, Rivian reported revenue of $1.34 billion, beating the consensus estimate of $1.31 billion. Meanwhile, Rivian posted a quarterly per-share loss of $1.19. This is certainly better than Wall Street's consensus forecast that Rivian would lose $1.34 per share in the third quarter, and it's also better than last year's loss of $1.57 per share. It might bother some investors that Rivian Automotive is still a money-losing business. Musk would certainly point this fact out, but let's not be too harsh. Improvement, not perfection, is the name of the game. That's why patience is essential if you're going to invest in RIVN stock. Is RIVN Stock a Buy, According to Analysts? On TipRanks, RIVN comes in as a Moderate Buy based on 12 Buys, seven Holds, and one Sell rating assigned by analysts in the past three months. The average Rivian Automotive stock price target is $26.11, implying 54.5% upside potential. Conclusion: Should You Consider RIVN Stock? There's definitely a degree of risk if you're going to invest in Rivian stock. The company isn't profitable at the moment, but at least Rivian is doing better than the analyst community had anticipated. It's also notable that Rivian Automotive is raising its vehicle production outlook. This suggests that Rivian's management is confident about the automaker's future prospects. Therefore, if you don't mind taking a chance on a still-growing EV startup, feel free to consider RIVN stock. Disclosure

The S&P 500 and Nasdaq posted their biggest daily percentage gains since April 27 on Tuesday as softer-than-expected inflation data supported the view that the Federal Reserve may be done raising interest rates.