A new report highlights the growth of several automotive brands, as Tesla Inc. TSLA saw its market share decline in the U.S. electric vehicle sector in the first quarter. What Happened: A political push by Tesla CEO Elon Musk has led to protests at Tesla dealerships and lower sales of the leading electric vehicle company in…
Rivian Automotive RIVN CEO RJ Scaringe didn’t hold back at the NVIDIA GTC conference when he shared being upset at how far ahead China is than the U.S. in EV market share. Here’s what Scaringe said sets China apart and how the U.S. can catch up. What Happened: Scaringe has positioned Rivian to be a…
U.S.-listed shares of Chinese EV startups Li Auto Inc. LI, Nio Inc. NIO, and Xpeng Inc. XPEV rose as high as 7.3% in premarket trading on Tuesday after President Donald Trump‘s inauguration even as shares of California-based EV startup Rivian Automotive Inc. RIVN fell. What Happened: Trump on Monday revoked a 2021 executive order signed…
One of the most anticipated vehicle launches of all time happened on Nov. 30, 2023 with Tesla Inc TSLA delivering its first Cybertruck vehicles to a long waiting list of reservation holders of the highly anticipated electric pickup truck. Here’s a look back at the company’s unveiling of the truck and how much investors could…
A mix of easing global geopolitical tensions, post-election bullish momentum and favorable seasonal trends propelled major U.S. stock indices to new record heights during Monday morning trading, marking what could be another historic session on Wall Street. The S&P 500 and Dow Jones Industrial Average surged to all-time records, hitting intraday highs of 6,020 and…
Electric vehicle stocks finished the week ended Sept. 20 on a mixed note despite the positive performance by the broader market. Tesla, Inc. TSLA rose to its highest level since late July amid some positive catalysts. Here’s a rundown on what happened in the EV space during the week: Tesla China, Europe Sales: China weekly…