GM falls after Trump pledges to follow through on tariffs
General Motors shares took a nosedive starting around 3 p.m. ET when President Donald Trump announced that previously postponed tariffs on Mexico and Canada would go into effect on Tuesday. The stock ...
Tesla’s sell-off means SpaceX is worth even more to Elon Musk
The richest man in the world has gotten a lot less rich lately. The Bloomberg Billionaires Index currently pegs Elon Musk’s net worth at $343 billion, down about $90 billion, or 21%, year to date. He ...
Tesla hasn’t had a losing streak like this since March 2020
Tesla’s stock has dropped at least 1.5% in each of the last six sessions. The last time it had a run like this was during the pandemic doldrums of March 2020. It’s been a bad run for recently, what w...
The right comp for Tesla stock is bitcoin
That’s one of the key takeaways from Barclays analyst Dan Levy’s attempt to make sense of vertiginous tumble over the last few days. The stock — which, to be fair, is up slightly in early trading — ha...
Tesla’s market cap is nearly back to where it was before Trump won
Looks like the honeymoon is over. Most of the stock gains made in the aftermath of President Donald Trump’s election are gone . As such, so is the company’s over $1 trillion valuation. It appears the...
Analyst: Tesla won’t hit 500,000 deliveries a quarter this year, either
Well-respected Tesla analyst Troy Teslike said on X today that he doesn’t think Tesla will reach 500,000 deliveries — a number the EV company had hoped to hit last year and failed — any quarter this y...
Tesla may have to designate the government as a “related party”
In Tesla’s latest annual report , Musk’s position at the Department of Government Efficiency was mentioned as a risk factor, in that it was one of the ways in which the company’s leader “does not devo...
Tesla’s postelection romp now a lot less impressive
With the end of the trading day coming into view, is on track for its second-worst daily drop of the year. The decline, ostensibly triggered by a sharp drop in Tesla sales in Europe , underscores the...
Tesla sell-off gains steam
Shares of tumbled more than 9% in its fourth straight day of declines, after its sales cratered by 45% last month across Europe, according to data released Tuesday. It’s the latest sign CEO Elon Musk...
Tesla’s sales nearly halved in Europe in January
Elon Musk’s automaker’s sales slipped 45% in Europe between January 2024 and last month, per new data from the European Automobile Manufacturers’ Association (ACEA), as the company’s already rough sta...
Apple’s Trump strategy is the same as its strategy for smartphone dominance
Today Apple announced it would be spending $500 billion to expand its manufacturing and AI footprint in the US. It’s a big round number carefully doled out over President Donald Trump’s four years in ...
Rivian cut to “underperform” by Bank of America
Bank of America now thinks electric vehicle company will lag its automaker peers, with analysts downgrading the stock to underperform from neutral and lowering their price target to $10 from $13. Tho...
Nissan is interested in selling Tesla its factories. Tesla probably isn’t.
A Japanese group plans on approaching about investing in , the Financial Times reports , in hopes the American electric vehicle maker will want to get its hands on more American factories.
Rivian finally made a gross profit, but the company is still a cash incinerator extraordinaire
Yesterday, electric vehicle manufacturer reported a major milestone: $170 million of gross profit in Q4, the company’s first-ever quarter with that metric out of the red . Investors liked that, but h...
Rivian jumps on first-ever gross profit
reported its first gross profit along with fourth-quarter revenues that were better than any Wall Street analyst expected, sending shares up more than 5% in after-hours trading. There are some storm c...
EV sales hit record market share last month, thanks to Tesla, Volkswagen, and Honda
A record 9.1% of new vehicles sold in the US in January were electric, according to new data from Cox Automotive , up from 7.4% the same month last year. The five top-selling models were the Model Y,...
Nikola, once worth more than Ford, craters after filing for bankruptcy
The short, scandal-ridden tale of electric and hydrogen-powered vehicle maker is ending at Chapter 11. The company was worth about $100 million on the heels of a 40% gain in the opening session of th...
Has America finally hit “peak truck”?
America’s love affair with hulking trucks may be coming to an end. According to a US auto market report out last week from dealership merger specialists Dave Cantin Group and Kaiser Associates, Americ...
Ford and General Motors used to be mainstays of Super Bowl ads, but no more
While the on-field analysis of Super Bowl LIX has broadly wrapped up after the blowout Eagles victory on Sunday, the advertising industry has been busy dissecting the winners and losers of the Super B...
Tesla found a way to move more Cybertrucks: Sell them to the Trump administration
The Trump administration is set to buy $400 million worth of “Armored Tesla” vehicles — later amended to “armored electric vehicles” — this year, according to State Department documents. That’s good n...