Latest rally takes Tesla’s price-to-earnings ratio over 130x
The world’s most valuable automaker has been riding a postelection wave unlike almost any other company. Since the start of November, Tesla’s stock has risen 75%, taking the company’s market cap north...
China’s booming car-export industry has driven shipping rates to record highs
There’s probably never been a better time to be in the business of shipping cars across the world than the past couple of years, with freighters carrying 6,500+ cars earning as much as $115,000 every ...
As climate change became less important to Elon Musk, so did making an affordable electric car
Elon Musk used to say he cared about climate change. Now he thinks it’s not that urgent. That shift in opinion is part of the reason axed its long-awaited mass-market car , the Model 2, The Washington...
Amazon sells cars now
Amazon is gonna need a bigger box. You can now buy Hyundai cars through the e-commerce giant on Amazon Autos. This puts more in league with and as far as having an online purchasing process. Sadly,...
Elon Musk’s $250 million Trump political contribution has boosted the value of his Tesla stake by nearly $50 billion
The New York Times reported last night that Elon Musk, the world’s wealthiest man, spent more than a quarter of a billion dollars down the stretch of this year’s campaign to get Donald Trump elected, ...
Why Ford shares are behind the pack
On Wednesday, reported its best November sales numbers since before Covid hit, but it didn’t do much for the industrial icon’s sputtering share price. The automaker’s share price has lagged inveterat...
Billionaire Tesla whale no longer “all in”
One of largest individual shareholders, Leo KoGuan, says he’s lightened up on holdings of the EV giant that accounted for most of his $13.5 billion fortune, according to a post he made on X over the ...
Stellantis stock slumps after CEO departure
Jeep maker Stellantis’ stock price slid more than 7% Monday morning after its CEO, Carlos Tavares, announced his resignation Sunday evening. The Dutch carmaker’s stock is now at its lowest point since...
Electric vehicles might get a Trump bump*
*Before he becomes president in 2025. Cox Automotive is predicting that electric-vehicle sales will soar this month, as prospective buyers take advantage of federal tax credits that President-elect Do...
While Elon Musk puts on his deregulation hat, Tesla has been dumping chemicals into the Austin sewer
Tesla’s mission ? To “accelerate the world’s transition to sustainable energy” by building products “designed to replace some of the planet’s biggest polluters.” Not quite! The Wall Street Journal rep...
What Trump 2.0 actually means for EVs
It’s been a volatile couple days for electric-vehicle stocks, since former President Donald Trump prevailed in his bid to return to the White House next year. tumbled 8% on Wednesday before recovering...
Chinese EV companies’ sales are soaring, and so are their stocks
Shares of Chinese electric-vehicle companies listed on US exchanges are soaring on Monday after the cohort reported robust October sales figures, buoyed in part by the government policies that incenti...
Ford to pause production of F-150 Lightning
has announced that it will be idling its Michigan factory that makes Ford’s F-150 Lightning electric truck, citing weak demand. In August, Ford announced plans to pull back on EVs and focus on hybrid ...
Ford offers weak outlook, stock falls
Ford topped Wall Street’s expectations for third-quarter sales and earnings per share, but offered a tepid full-year outlook for operating earnings of $10 billion, at the bottom of the range it provid...
Tesla’s blockbuster earnings report fuels third-best daily gain on record
Shares of Tesla were tied to a SpaceX rocket on Thursday, up a whopping 21.9% after the company posted larger-than-expected profits and CEO Elon Musk projected that the automaker would sell 20% to 30%...
Ford CEO doesn’t “want to give up” the Chinese EV he drives
CEOs rarely admit that they use their competitors’ products. But Jim Farley, the CEO of Ford, said that he flew a Xiaomi electric vehicle from Shanghai to Chicago, and has been driving it for the past...
The fastest-growing part of Tesla’s business isn’t selling cars
Elon Musk is a lot richer this morning than he was last night, as stock is soaring in early trading after reporting better-than-expected profit margins, despite a miss on revenue, in its Q3 earnings ...
How GM is lapping Tesla, in seven charts
What if I told you the star of the automotive industry was not the semiautonomous electric-car-maker whose stock is known as one of the “Magnificent Seven,” whose CEO also runs a space company and tri...
Tesla’s EV market share is still going down
This summer, Tesla lost its US electric vehicle market share majority for the first time. It looks like it may be permanent. In Q3, Teslas made up 48.2% of all electric vehicle sales, down from 49.7% ...
Rivian leads the auto industry in serious safety violations, despite having just one factory
Since the start of last year, EV maker Rivian has received 16 OSHA citations for “serious” violations. None of Rivian’s much larger rivals, like Toyota, Honda, Ford, and GM, received more than 10 cita...