Tesla (TSLA) shares are trending today, due to a report from the Financial Times indicating that the company is under investigation by the EU to assess potential unfair subsidies in Chinese exports for electric vehicle manufacturers. The EU is focusing its attention on the electric vehicle market due to it being a popular export, with approximately one-fifth of all-electric vehicles sold in Europe originating from China. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
Tesla, BYD, NIO and Honda are part of the Zacks top Analyst Blog.
Self-driving cars were a pipe dream not so long ago, but today, several companies are on the cusp of deploying them in the real world. Cathie Wood's Ark Investment Management estimates autonomous ride-sharing will generate $4 trillion in revenue over the next five years. Uber Technologies (NYSE: UBER) is currently the undisputed leader in human-driven ride-hailing, though it has been working on driverless technology for years.