Autos
Tesla or Rivian? Analyst sizes them up and gives one 190% upside
Shares of electric vehicle makers have largely sold off this year, following the trend of tech stocks. The Global X Autonomous & Electric Vehicles ETF has tumbled around 27% year-to-date, while leading EV maker Tesla’s losses have outpaced the wider market — diving around 32%. Rivian has declined even more — around 67% year-to-date. Nevertheless, […]
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As Elon Musk backs fossil fuels, one strategist sends a warning over EV sales
The uptake of electric vehicles has increased in recent years, as countries around the world attempt to reduce the environmental effects of transportation. Simonskafar | E+ | Getty Images Recent comments from Elon Musk about the need for more oil and gas reflect a broader concern that the uptake of electric vehicles will be hampered […]
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Huawei launches initially smartphone to connect to China’s rival to GPS
Richard Yu, CEO Huawei’s buyer business and automotive engineering device, disclosed the Huawei Mate 50 collection on Tuesday. The Chinese giant’s smartphone business has been damage by U.S. sanctions around the earlier two years which has lower the business off from critical engineering. Huawei Huawei launched a flagship smartphone that it promises is the very […]
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Tesla can surge 30% on Inflation Reduction Act, Wolfe Research says in upgrade to buy
It’s time for investors to buy Tesla as the Inflation Reduction Act will have a significant impact on the electric vehicle industry, according to Wolfe Research. Analyst Rod Lache upgraded shares of Tesla to outperform from peer perform, saying the electric vehicle maker and its customers may net close to $11 billion in U.S. government […]
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Volkswagen to make your mind up on landmark Porsche listing later on Monday
A Porsche 911 Carrera 4S stands in the evening light-weight in a push-in cinema on the circuit of the Leipzig Porsche manufacturing facility. Jan Woitas | picture alliance by means of Getty Photographs Volkswagen’s leadership will satisfy later on Monday to come to a decision on irrespective of whether to move forward with the significantly-predicted listing […]
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How electric vehicle manufacturing could shrink the Midwestern job market
The race to build electric vehicles in the U.S. is heating up as fresh rounds of investment come out of Washington. Workers at the former heart of the auto industry fear being left behind. “When we look carefully at what goes on on the factory floor, it won’t be less workers,” Keith Cooley, former head […]
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GM offers to buy out Buick dealers that don’t want to invest in EVs
Billboards at the Ziegler Cadillac, Buick and GMC Dealership in Lincolnwood, Illinois, the United States. U.S. General Motors Co. Joel Lerner | Xinhua News Agency | Getty Images DETROIT – General Motors is offering buyouts to U.S. Buick dealers that don’t want to make investments in the brand’s transition to exclusively offer all-electric vehicles domestically […]
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Ford’s new vehicle sales slow in August, in line with expectations
2023 Ford F-150 Raptor R Ford DETROIT – Ford Motor on Friday said its U.S. sales last month increased double-digits from a year earlier but were off about 4% from the prior month, as the company and auto industry continue to manage significant supply chain issues. The Detroit automaker reported August sales of 158,088 new […]
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China’s electric powered motor vehicle corporations, which rely closely on Nvidia, are secure from the U.S. chip ban — for now
Critical Details U.S. restrictions on Nvidia chip product sales to China won’t affect Chinese electrical car or truck organizations for the reason that they’re utilizing auto programs that never include things like the sanctioned goods. Chipmaker Nvidia’s shares have plunged all around 13% this week right after the business disclosed new U.S. constraints on its […]
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Car shopping over Labor Day weekend? Here’s what to expect for both new and used car prices
Newsday Llc | Newsday | Getty Images In pre-pandemic years, Labor Day sales events offered generous discounts on new cars as dealerships aimed to clear out current-year models and start selling the next year’s versions. These days? Not so much. The average new-car discount offered by manufacturers is down an estimated 47.1% from a year […]
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