|Day's Range||158.69 - 159.60|
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.
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) -- When it comes to Tesla Inc. and artificial intelligence, few are on the same page as Cathie Wood.Most Read from BloombergRussian Elite Is Souring on Putin’s Chances of Winning His WarAmericans Are Leaving Portugal as Golden Visa Honeymoon EndsBonds Everywhere Suffer as Rate-Hike Fears Swamp TradersLeaving New York for Miami Can Save Nearly $200,000Tech Stocks Drive Rally as US Jobless Claims Jump: Markets WrapAccording to the chief executive officer of ARK Investment Management, t
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?
(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
Investors who stuck with growth names during last year's sell-off have been rewarded during 2023's rally.
Tesla shares are trading higher after the Model 3 became eligible for the $7,500 U.S. tax credit, Stitch Fix stock rises after the company considers exiting the U.K., and Dave and Buster's reports record first quarter revenue. Yahoo Finance Live breaks down the market reaction.
Tesla stock surged on Wednesday on news that consumers can now get a $7,500 federal EV tax credit for Model 3 sedans.
Tesla's Model 3 finds itself eligible for the $7,500 U.S. tax credit on EVs. This news comes as Morgan Stanley analysts downgraded shares of Chinese battery maker CATL over concerns about how the U.S. EV tax credits could impact their business. Yahoo Finance automotive reporter Pras Subramanian breaks down how this news could impact EV pricing for American consumers.
When Ford (NYSE: F) announced it's adopting Tesla's (NASDAQ: TSLA) charging standard in future vehicles, it shook the EV world. But the real impact may be commoditizing plugs and the electricity that goes through them.
Tesla shares have gained nearly 30% in the past month as it approaches its next earnings release.
Elon Musk wears a lot of different hats. The multibillionaire recently made a dire prediction about home prices. Venture capitalist David Sacks, who worked with Musk during the early days of PayPal, tweeted last week about the major problems facing the U.S. commercial real estate market.
Resource-rich Mongolia is endowed with extensive deposits of rare earth minerals and copper, which are critical materials in the electric vehicle supply chain.
Tesla (TSLA) closed the most recent trading day at $221.31, moving +1.7% from the previous trading session.
Tesla CEO Elon Musk recently stated that the company is willing to license it's self-driving tech to other brands. Yahoo Finance Live breaks down how such a move might impact the EV market at large.
(Bloomberg) -- Automakers moving into an electric future are locked in a battle with broadcasters concerned about the potential loss of an aged and fading technology: AM radio.Most Read from BloombergRussian Elite Is Souring on Putin’s Chances of Winning His WarAmericans Are Leaving Portugal as Golden Visa Honeymoon EndsBonds Everywhere Suffer as Rate-Hike Fears Swamp TradersLeaving New York for Miami Can Save Nearly $200,000Tech Stocks Drive Rally as US Jobless Claims Jump: Markets WrapMajor ca