Autos
Tesla is under scrutiny by the federal agency that enforces workplace civil rights laws
Signage is displayed on the Tesla Inc. assembly plant in Fremont, California, on Tuesday, Sept. 22, 2020. David Paul Morris | Bloomberg | Getty Images A federal agency responsible for enforcing civil rights laws against workplace discrimination issued a cause finding against electric vehicle makers Tesla in June, according to a financial filing out Monday. […]
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Tesla gets second SEC subpoena over Musk’s 2018 go-private tweet
A Tesla service and sales center is shown in Vista, California, June 3, 2022. Mike Blake | Reuters Tesla on Monday disclosed it has received a second subpoena from the U.S. Securities and Exchange Commission over its Chief Executive Elon Musk’s tweets in 2018 about taking the electric automaker private. Tesla said in a filing […]
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Electric vehicles are disrupting this $255 billion sector. Here are the stocks to cash in: UBS
Demand for electric vehicles is expected to boom in the coming decades — and UBS has identified a theme for investors to cash in on that electrification. UBS said that increasing amounts of electronic content within vehicles will lead to new supply chains, as automakers increasingly work directly with semiconductor firms and new tech players. […]
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A new way to short Tesla: AXS Investments launches new single-stock ETFs
Investors have a new way to make bullish and bearish bets on large-cap stocks. AXS Investments launched eight of 18 approved single-stock leveraged ETFs this month. The funds aim to increase exposure of short-term single-stock investments. “They’re designed for active traders, traders that are looking to make tactical trading decisions on a daily basis,” the […]
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GM is far behind Tesla in electric vehicle sales. CEO Mary Barra has bet the company that will change
GM Chair and CEO Mary Barra addresses investors Oct. 6, 2021 at the GM Tech Center in Warren, Michigan. Photo by Steve Fecht for General Motors DETROIT — In September 2017, General Motors CEO Mary Barra and her top executives visited the automaker’s design dome, considered hallowed ground within the company for its role in […]
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3 takeaways from the Investing Club’s ‘Morning Meeting’ on Friday
We look ahead to our busiest week for earnings, including reports from Apple, Meta, Amazon and Google. Source
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Volkswagen CEO Diess to depart; Porsche boss Blume will lead the German auto giant
Herbert Diess, CEO of Volkswagen Sean Gallup | Getty Volkswagen CEO Herbert Diess will leave the company at the end of August, the company said Friday. Oliver Blume, currently the CEO of Volkswagen subsidiary Porsche, will succeed Diess as of September 1. The automaker didn’t provide a reason for Diess’s departure. Diess joined Volkswagen from […]
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Here’s what Cadillac’s new $300,000 electric sedan will look like
The Cadillac Celestiq show car previews an upcoming electric sedan for General Motors. GM DETROIT – General Motors on Friday previewed what its most expensive Cadillac ever will look like as the automaker attempts to redefine the quintessential American luxury brand into an electric vehicle leader. The Detroit automaker unveiled a “show car” version of […]
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Tesla shares jump on second-quarter report that was better than analysts feared
Pedestrians walk through a street crossing in front of the American electric company car Tesla Motors official authorized car dealer store in Hong Kong, July 13, 2022. Budrul Chukrut | SOPA Images | Lightrocket | Getty Images Shares of Tesla jumped nearly 10% on Thursday, one day after the electric car maker released second-quarter results […]
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Consumers are shelling out an average $10,000 more for used cars than if prices were ‘normal,’ research shows
Jim Watson | AFP | Getty Images It’s no secret that used-car prices have skyrocketed over the last two years amid an industry turned upside down by supply-chain issues and reduced new-car inventory. But how much extra are consumers paying? An average of $10,046 more — 43% — than if typical depreciation expectations were in […]
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