|Day's Range||267.72 - 267.72|
Yahoo Finance Live breaks down the too stories of the day, including: Smoke from Canadian wildfires continues to blanket much of the East Coast. GameStop shares sink after the company's CEO is fired. Finally, Tesla and General Motors are partnering up to give GM EV owners access to Tesla chargers.
General Motors joined Ford as the latest traditional automaker to sign a deal to use Tesla's Supercharger Network in the years ahead.
Reuters is reporting that luxury electric-vehicle maker Lucid is planning to sell imported cars in China, the world's largest automobile market. The move would create further competition with Tesla, one of the largest EV sellers in the nation.
Tesla was also the third-most traded U.S. stock across exchanges. Already the world's most valuable automaker, Tesla was set to increase its market value by more than $30 billion to about $780 billion. Shares of General Motors, whose valuation is much lower at $49.8 billion but sells millions more vehicles annually, rose 3.5%.
(Bloomberg) -- General Motors Co. will adapt its electric vehicles to Tesla Inc.’s Superchargers, following Ford Motor Co.’s lead and all but ensuring it will become an industry standard in the US.GM Chief Executive Officer Mary Barra broke her seven-month silence on Twitter to announce the news with Tesla CEO Elon Musk on Twitter Spaces Thursday, saying GM EVs will gain access to 12,000 Superchargers. Tesla rose 4.5% in premarket US trading early Friday, while GM was up 3.3%.The move by GM effe
The charging market is likely to be very large, but a lack of growth and a tight focus don't bode well for ChargePoint.
Tesla, Carvana and Vodafone all saw swings in their stock price over the last 24 hours.
Japanese carmaker Toyota will invest $328 million more in a plant in the central Mexican state of Guanajuato, it said on Thursday, as it looks to adapt its production processes for a new hybrid model of its Tacoma pickup truck. "The new version of the 'Mexican pickup' will be hybrid electric, which means Guanajuato will now form part of the company's electrification production strategy," Toyota said in a statement. Toyota has invested close to $1.2 billion in Guanajuato since it announced the plant, it added, saying the factory provides more than 2,500 jobs.
(Reuters) -General Motors will join Ford in adopting Tesla's North American charging plug standard and give GM electric-vehicle buyers access to the Tesla Supercharger network under an agreement announced on Thursday. GM's move, which follows a similar decision by Ford to embrace Tesla's charging plug standard, means three of the top EV sellers in the North American market have now agreed on a standard for charging hardware. The agreement was announced by GM CEO Mary Barra and Tesla chief Elon Musk in a Twitter Spaces event.
General Motors will join Ford in adopting Tesla's North American charging plug standard and give GM electric vehicle buyers access to the Tesla Supercharger network under an agreement announced on Thursday. GM's move, which follows a similar decision by Ford to embrace Tesla's charging plug standard, means three of the top EV sellers in the North American market have now agreed on a standard for charging hardware. The agreement was announced by GM CEO Mary Barra and Tesla chief Elon Musk.
(Bloomberg) -- When it comes to Tesla Inc. and artificial intelligence, few are on the same page as Cathie Wood.Most Read from BloombergAmericans Are Leaving Portugal as Golden Visa Honeymoon EndsDonald Trump Charged in Florida Over Secret Documents CaseRussian Elite Is Souring on Putin’s Chances of Winning His WarLeaving New York for Miami Can Save Nearly $200,000S&P 500 Enters Bull Market as Tech Rally Resumes: Markets WrapAccording to the chief executive officer of ARK Investment Management,
Tesla (NASDAQ: TSLA) has been selling electric vehicles (EVs) at scale for more than a decade, and it has since been the industry leader by a wide margin. In 2014, the company revealed plans to introduce driver assistance software that would eventually be capable of piloting each Tesla vehicle without human input. Today, that technology is known as full self-driving (or autonomous driving), and it's currently available in beta mode for some Tesla customers.
Apple (NASDAQ: AAPL) is the largest company in the world today with a $2.9 trillion market capitalization. In dollar terms, an investment of $1,000 in Apple stock at its IPO would be worth over $1.8 million today! Companies developing electric vehicles (EVs), artificial intelligence (AI), and cybersecurity could be the best candidates.
U.S. electric car manufacturer Tesla is in talks with the leaders of the regional government of Valencia in Spain to make an automotive investment, a source close to the discussions has told Reuters. A spokesperson for Valencia's regional government told Reuters it had held meetings and conversations with an unidentified company about a "large automotive investment", but declined to give more details, citing the confidentiality of the negotiations.
MADRID (Reuters) -U.S. electric car manufacturer Tesla is in talks with the leaders of the regional government of Valencia in Spain to make an automotive investment, a source close to the discussions has told Reuters. A spokesperson for Valencia's regional government told Reuters it had held meetings and conversations with an unidentified company about a "large automotive investment", but declined to give more details, citing the confidentiality of the negotiations. A separate source confirmed the company concerned was Tesla.
Superstar investor Cathie Wood is prepared. Teladoc Health (NYSE: TDOC) is one of Cathie Wood's top 10 holdings in her ARK Genomic Revolution ETF. First, Teladoc, even during last year's tough moments, continued to grow revenue and telemedicine visits in the double digits.
The push for electrification is fueling a rush for copper. The non-precious metal is critical for electric vehicles, windmills and even the power grid. With a shortage looming, WSJ explains why copper is crucial to the global economy, and how its availability threatens a green-tech transition. Photo Illustration: Ali Larkin
BEIJING/SHANGHAI (Reuters) -China on Thursday announced a nationwide campaign to promote automobile purchases in a major push to shore up demand in the world's largest auto market. The announcement from the Ministry of Commerce came shortly after data showed passenger vehicle sales in China rose 7.3% in May from April, higher on the month but far from the robust recovery policymakers are hoping for. Financial institutions will be encouraged to introduce measures to boost lending for auto purchases, it said.
Investing.com -- Stocks in focus in premarket trade on Thursday, June 8th. Please refresh for updates.
Fool.com contributor and finance professor Parkev Tatevosian considers what Tesla's (NASDAQ: TSLA) deal with Ford (NYSE: F) could mean for ChargePoint Holdings (NYSE: CHPT) stock investors. *Stock prices used were the afternoon prices of June 5, 2023.
June has just begun, and these two market heavyweights are already scorching hot. Can their climbs continue through the summer months?
As Tesla shares hit a 7-month high, George Gianarikas, Canaccord Genuity Managing Director, joins Yahoo Finance Live to discuss the recent price cuts, regulatory tailwinds, and increasing competition.
(Bloomberg) -- Tesla Inc. shares jumped to a seven-month high Wednesday, riding on the insatiable investor appetite for mega-cap tech stocks and a string of recent positive news. Most Read from BloombergMystery Bet Before SEC Crypto Crackdown May Mint Trader MillionsThese Are the World’s 20 Most Expensive Cities for Expats in 2023Messi Spurns $400 Million Saudi Offer to Join Beckham’s MiamiFlights to LaGuardia Airport Grounded as Smoke Blankets NYCTech Stocks Sputter as Traders Consider July Hik