Tesla’s TSLA stock surged about 33% last week after the company posted strong results and is now up more than 50% this month. CEO Elon Musk was optimistic about the outlook and said the company could produce 2 million cars this year.
What happened
General Motors (NYSE: GM) stepped on the accelerator, and Ford Motor Company (NYSE: F) is going along for the ride. Shares of Ford traded up as much as 5.3% on Tuesday after crosstown rival GM handily beat expectations.
General Motors Chief Executive Mary Barra is betting that moving more slowly than Tesla or Ford to accelerate electric vehicle production for North America will be more profitable in the long run.
In trading on Tuesday, shares of Ford Motor Co. (Symbol: F) crossed above their 200 day moving average of $13.35, changing hands as high as $13.57 per share. Ford Motor Co. shares are currently trading up about 3.1% on the day. The chart below shows the one year performance o
Shares of Ford Motor Company F declined 2.9% after announcing price-cuts to its electric Mustang Mach-E crossover.Shares of Advanced Micro Devices, Inc. AMD fell 3.9% on the broader tech slump.Devon Energy Corporation’s DVN shares plunged 4.5% as global oil prices fell.Sh
Tesla Inc’s (NASDAQ: TSLA) shares have recently jumped as much as 75% as the electric vehicle giant begins to look like its old self. Having watched the stock shed that much from 2021’s all-time high into the start of the year, this turnaround will be a welcome reprieve for Tesl
The NASDAQ 100 Pre-Market Indicator is up 5.98 to 11,918.37. The total Pre-Market volume is currently 33,366,729 shares traded.The following are the most active stocks for the pre-market session: ProShares UltraPro QQQ (TQQQ) is -0.24 at $21.69, with 4,529,019 shares traded. Thi
What happened
The combination of price cuts spreading through its industry and pullback from a hot buyout rumor really put the brakes on Canoo (NASDAQ: GOEV) stock Monday. The electric vehicle (EV) maker's share price fell by nearly 12% on the day, a far steeper decline than the
What happened
Shares of Rivian Automotive (NASDAQ: RIVN) fell on Monday after Ford (NYSE: F) cut the price of its popular Mustang Mach-E crossover. As of 2:25 p.m. ET, Rivian's stock price was down more than 7%.
Ford Motor (NYSE: F) intends to boost production and slash prices on its Mustang Mach-E electric vehicle, following the lead of Tesla (NASDAQ: TSLA) and diving headfirst into what is quickly becoming an electric vehicle (EV) price war.
What happened
Tesla (NASDAQ: TSLA) stock has been on a tear to start the year. After a 65% correction in 2022, Tesla shares have soared 40% so far in 2023. Its winning streak was put on hold today, though, with the stock dropping more than 5% Monday morning. As of 12:25 p.m. ET,
What happened
Tesla's (NASDAQ: TSLA) announcement of price cuts earlier this month continues to reverberate across the EV industry as shares of rival electric car manufacturers see their share prices tumble this morning. Through 10 a.m. ET, shares of Chinese electric automakers N
We have a consequential week in the markets ahead of us — perhaps the most consequential week we’ve seen so far this year. Not only do we have a new Fed funds rate out mid-week (expectations are for a 25 bps bump to a 4.50-4.75% range), but we also get roughly 20% of the
Monday, January 30th, 2023We have a consequential week in the markets ahead of us — perhaps the most consequential week we’ve seen so far this year. Not only do we have a new Fed funds rate out mid-week (expectations are for a 25 bps bump to a 4.50-4.75% range), but we al
Ford Motor Co said on Monday it was cutting prices of its electric crossover SUV Mustang Mach-E by as much as $5,900 per vehicle, weeks after rival Tesla Inc slashed prices globally on its electric vehicles by as much as 20%.
Ford (NYSE: F) has a long history of making and selling cars, while Rivian (NASDAQ: RIVN) is only recently ramping up the production of electric vehicles. This video will answer which stock is the better buy.
Tesla (NASDAQ: TSLA) reported earnings that impressed investors this week, and shares jumped higher. But there was a lot to dig into in this report, including falling margins and questions about long-term demand. Travis Hoium and Jason Hall have a nuanced discussion about what Te
While 2022 was a year for stock price corrections across the electric vehicle (EV) sector, 2023 looks to be a transition year for the businesses themselves. EVs are going mainstream as manufacturers across the globe are ramping up production.
Ford executives have indicated they are willing to hold talks with labour representatives over planned structural changes at the U.S. carmaker's plants in Germany, the head of the worker's council at Ford's Cologne plant said on Saturday.