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…
Tesla Inc. TSLA faces potential headwinds in the U.S. market as data from Europe shows significant sales declines following electric vehicle subsidy removals, raising concerns about the impact of President Donald Trump‘s planned elimination of the $7,500 EV tax credit. What Happened: Gary Black, managing partner of The Future Fund LLC, highlighted on Monday that…
EV giant Tesla Inc. TSLA is offering free supercharging on the purchase of Model 3 and Model Y vehicles in Japan, where it wants direly to expand its market share. What Happened: Tesla now says on its website for customers in Japan that those who purchase a Model 3 sedan from the company after Jan…
Vietnamese electric vehicle manufacturer VinFast Auto VFS is entering India’s growing EV market with two premium SUVs, following strong third-quarter 2024 delivery growth and significant financial backing from its founder. The Nasdaq-listed company unveiled its VF6 and VF7 models at the India Auto Show in New Delhi, planning to challenge established players like Mahindra &…
EV charging stocks hit the brakes in November, down 21% over the past month, trailing both broader market indices and the EV sector average. Yet, JPMorgan analyst Bill Peterson sees a bright spot in EVgo Inc EVGO, which continues to pull ahead of peers despite the industry’s sluggish growth. EV Deployments: Running On Fumes The…
In the electric vehicle (EV) battle, Tesla Inc. TSLA and BYD Co Ltd BYDDF BYDDY are two titans vying for dominance. Tesla dominates the premium EV space with its technological prowess and global brand appeal, while BYD, a Chinese heavyweight, is reshaping the mid-tier and budget markets with its diversified lineup and affordability. With Tesla…
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…
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…
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…