Lucid Group Inc. LCID is betting big on its upcoming Gravity SUV to capture a broader slice of the electric vehicle (EV) market, but it’s a cautious play for investors. Needham’s Chris Pierce reaffirmed a Hold rating on LCID stock, highlighting promising delivery gains while flagging concerns over long-term profitability and further dilution risks. Chart…
The U.S. stock market experienced a slight downturn on Monday, with the S&P 500 index dipping approximately 0.3%. The Dow Jones Industrial Average fell 0.6% to 41,794.60, while the NASDAQ Composite Index declined 0.3% to 18,179.98. These are the top stocks that gained the attention of retail traders and investors throughout the day: Palantir Technologies…
Tesla Inc. TSLA CEO Elon Musk on Saturday reflected on the company’s stock jump over the past week, terming it a “rollercoaster.” What Happened: “The stock market is wild, sort of rollercoaster. I think Warren Buffett has a lot of good sayings. One is, ‘Having a publicly traded company is like having someone stand outside…
U.S. markets ended Thursday with mixed performance: the Dow Jones Industrial Average climbed 0.4% to 43,239.05, the S&P 500 held steady at 5,841.47, and the Nasdaq inched up by 0.04% to close at 18,373.61. These are the top stocks that gained the attention of retail traders and investors throughout the day: Netflix Inc. NFLX Netflix…
NIO Inc – ADR NIO shares tumbled 7.4% to $5.78 on Monday, as investor disappointment over China’s latest economic stimulus measures spread across U.S.-listed Chinese stocks. What To Know: NIO, a key player in China’s burgeoning EV market, has been navigating challenging market conditions, including fierce competition, regulatory hurdles, and rising costs. The company’s stock…
After weeks of soaring performance that positioned Chinese stocks among the best global performers year-to-date, a sharp selloff swept across Chinese markets overnight, with the Hang Seng Index in Hong Kong plummeting more than 9% on Tuesday. The massive drop marks the index’s worst single-day loss since October 2008, during the height of the global…
One of the world’s largest insurance companies seemingly ended its coverage of the Tesla Inc TSLA Cybertruck, before a clarification averted tensions between two of the most valuable companies run by two of the richest people. What Happened: According to a report from Torque News, Geico dropped the Tesla Cybertruck from its coverage. Geico is…
Chinese electric vehicle startup Nio Inc. NIO announced late Friday that it has struck a partnership with one of its strategic investors to foray into the Middle East and North Africa. What Happened: Nio has tied up with Abu Dhabi-based CYVN Holdings to launch the Nio MENA in a bid to launch Nio-branded vehicles and…
Macquarie Equity Research issued a positive outlook for the short-term Chinese EV market following a $142 billion (one trillion yuan) stimulus package. Analysts listed several positive catalysts, including new model launches, expanded margins due to operating leverage, the end of subsidies pulling demand forward, reduced discounting pressures and clarity on potential European Union (EU) tariffs,…
Tesla Inc TSLA analysts and experts highlighted the importance of the company’s third-quarter deliveries, while they also pointed to other October catalysts that include full quarterly financial results and the company’s highly anticipated Robotaxi Day on Oct. 10. What Happened: Tesla reported third-quarter deliveries of 462,890 vehicles, up 6.4% year-over-year and up 4.3% quarter-over-quarter. The…