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Want a Tesla substitute? Analysts and fund supervisors reveal their top EV stocks
When an investor favored to play the electric powered motor vehicle increase, Elon Musk’s Tesla has had a rough time of it of late. Just 15 months back, Tesla joined the exceptional trillion-dollar sector cap club . Now, a precipitous plunge in its share selling price in 2022 puts its worth perfectly underneath $400 billion. […]
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Tesla cuts rates in the U.S. and Europe to stoke profits following lackluster yr-conclusion deliveries
Electric powered car maker Tesla is reducing price ranges in the United States and all over Europe yet again, according to listings on the firm’s site on Thursday evening in the U.S. Tesla did not answer to a request for remark on what inspired it to slash charges this week. Nevertheless, the go in the […]
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Tesla made headlines in 2022, but the top-performing auto stock had nothing to do with EVs
The Ferrari SP38 seen at Goodwood Festival of Speed 2022 on June 23rd in Chichester, England. Martyn Lucy | Getty Images This year wasn’t about which auto manufacturer stock performed the best. It was about which stock managed to escape the worst of the year’s selling pressure. After significant growth in auto stocks in 2021, […]
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Tesla, GM, Ford questioned by U.S. senator about Chinese source chains and connections to forced labor
Senate Finance Committee Chair Ron Wyden, D-Ore., asked big automakers, including Tesla, Common Motors and Ford, to supply aspects about their Chinese supply chains soon after a examine uncovered hyperlinks amongst some automobile providers and Chinese entities in a region in which U.S. officers say forced labor exists. Wyden despatched letters to 8 automakers, asking […]
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Porsche begins production of ‘e-fuel’ that could provide gas alternative amid EV push
Barbara Frenkel, member of the executive board for procurement at Porsche, (left) and Michael Steiner, member of the executive board for development and research fuel a 911 with e-fuel at a pilot plant, Punta Arenas, Chile. Porsche AG Porsche and several partners have started production of a climate neutral “e-fuel” aimed at replacing gasoline in […]
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EV battery startup QuantumScape starts shipping prototypes to automakers, a key milestone
In this photo illustration the QuantumScape logo is seen on a smartphone and a pc screen. Pavlo Gonchar | SOPA Images | LightRocket | Getty Images Electric vehicle battery startup QuantumScape said Tuesday that it has begun shipping prototypes of its batteries to automotive customers, a key milestone that it had aimed to hit by […]
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Elon Musk, in Twitter poll, asks if he really should move down as Twitter CEO
On Sunday, Twitter’s new proprietor and CEO Elon Musk posted an informal poll of buyers of the social media platform asking if he ought to move down as head of the corporation. By 2:50 a.m. ET 14.5 million votes experienced been forged, with the majority of respondents (57%) calling for the billionaire to stay in his publish. […]
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Tesla shares have fallen 28% since Elon Musk took over Twitter, lagging other carmakers
In this photo illustration, the image of Elon Musk is displayed on a computer screen and the logo of twitter on a mobile phone in Ankara, Turkiye on October 06, 2022. Muhammed Selim Korkutata | Anadolu Agency | Getty Images Shares in electric vehicle maker Tesla have fallen 28% since October 27 when CEO Elon […]
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GM, Stellantis rank as worst automakers for fuel efficiency, even amid EV push, EPA says
GMC vehicles sit on display at the Sterling McCall Buick GMC dealership on February 02, 2022 in Houston, Texas. Brandon Bell | Getty Images DETROIT – General Motors may be transitioning to an all-electric future, but its recent vehicle fleet ranked among the least efficient and most polluting in the U.S. automotive industry, according to […]
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Toyota secures funding to develop hydrogen fuel cell version of its Hilux pickup in the UK
A Toyota logo displayed on a vehicle in Poland. The Japanese automotive giant started working on the development of fuel cell vehicles back in 1992. Artur Widak | Nurphoto | Getty Images LONDON — A consortium led by automotive giant Toyota will receive millions in funding to develop a hydrogen fuel cell pickup truck in […]
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