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Nasdaq F Ford

Why Tesla, Nio, and Lucid All Sank Today

4 years 2 months ago
What happened Shares of electric-vehicle (EV) stocks were sinking today after a new report showed that Tesla's (NASDAQ: TSLA) vehicle deliveries in China tumbled 64% in July. Nio (NYSE: NIO) -- which is based in China -- may be reacting negatively to that news, along with new da
The Motley Fool

Why GlobalFoundries Rocketed Higher Today, Again

4 years 2 months ago
What happened Shares of semiconductor manufacturing foundry company GlobalFoundries (NASDAQ: GFS) rocketed 11.7% higher on Monday, as of 3:52 p.m. ET despite much of the chip sector selling off on the heels of Nvidia's (NASDAQ: NVDA) negative earnings pre-announcement.
The Motley Fool

Chip and carmaker CEOs meet ahead of Biden signing

4 years 2 months ago
The heads of chipmakers GlobalFoundries and Applied Materials and carmakers Ford Motor and General Motors Co were to meet at a closed-door summit with U.S. government officials on Monday to discuss administration plans to invest in semiconductors.
Reuters

Toyota (TM) Q1 Earnings Beat, FY23 Revenues View Lifted

4 years 2 months ago
Toyota TM posted fiscal first-quarter fiscal 2023 earnings of $4.14 per share, which surpassed the Zacks Consensus Estimate of $3.77 on higher-than-expected revenues. The bottom line, however, declined from the year-ago earnings of $5.87 a share amid chip woes and supply
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