GM surges on better-than-expected Q3 earnings, forecasts a smaller hit from tariffs and higher profits
Electric vehicle sales and elevated profits revved up in the third quarter, sending shares surging more than 9% in premarket trading Tuesday. If these gains hold, it would mark the stock’s best day o...
Rivian drops on a downgrade and lowered price target from Mizuho amid weaker expected EV sales
Analysts are beginning to have doubts about US demand for EVs next year, following the expiration of the $7,500 tax credit. Shares of dropped in premarket trading on Monday, following a downgrade of ...
Nio denies Singapore wealth fund’s accusations of inflating revenue
Court documents indicate that Chinese EV maker has been sued in US courts by Singapore’s sovereign wealth fund, GIC, which alleges the company inflated its revenue, causing “significant losses.” The ...
The average price of a new vehicle in the US passed $50,000 for the first time ever in September
The average price of a new vehicle in the US surpassed $50,000 in September, according to Cox Automotive’s Kelley Blue Book. At $50,080, that’s the highest industry average ever, reflecting the price ...
GM dips after revealing it will take a $1.6 billion Q3 hit due to its EV pullback
A few weeks after the end of the $7,500 federal EV tax credit — and the end of General Motors’ attempt to extend it — says slowing EV sales will cost it $1.6 billion in its third quarter. “Following ...
Tesla is selling unsold Cybertrucks to Elon Musk’s other companies
Sales of Cybertruck, once expected to reach hundreds of thousands per year, are currently in the low tens of thousands range and falling. Last quarter in the US, Tesla sold fewer than 5,400 of the “a...
Tesla has begun selling the Model Y Standard in parts of Europe, where it has lots of cheaper competition
Days after rolling out “Standard” trim levels of its Model Y and Model 3 in the US, has started selling the Model Y Standard in some European countries. Standard Model Ys begin at about 40,000 euros,...
Global automakers sink as Trump implies the trade war is heating back up
Shares of several major automakers with large footprints in China sank on Friday following President Trump’s threats to massively increase tariffs on goods from China in response to what he called “ho...
Ford joins GM in backing off of its EV tax credit extension plan following GOP criticism
, despite benefiting from an electric sales surge in recent months, is giving up on a clever accounting plan to extend the expired $7,500 EV tax credit to some of its customers. Like its rival earlier...
Stellantis rises after reporting 13% rise in Q3 shipments, driven by a rise in North America
was up as much as 2.7% on Friday after reporting a 13% year-on-year jump in its third-quarter shipments, led by upbeat sales in North America. The carmarker delivered an estimated 1.3 million vehicles...
Ferrari sinks after unveiling first electric car; 2030 strategic plan and guidance underwhelms investors after halving its EV target
is 14% in the red in premarket trading after unveiling its first electric car , while simultaneously scaling back its electrification plans to focus on its petrol and hybrid lineup until 2030. In an e...
After upsetting GOP senators, GM scraps its EV tax credit extension plan
Roughly a week after it was first reported, plan to extend the now expired $7,500 US federal EV tax credit to customers through a leasing program is no more. Last week, Republican Senators Bernie More...
Ives says he’s “relatively disappointed” in the price point of lower-cost Tesla models
On Tuesday, unveiled its long-awaited lower-cost cars, which turned out to be downgraded versions of the existing Model Y and Model 3. Tesla bull and Wedbush Securities analyst Dan Ives wasn’t particu...
Tesla unveils cheaper Model Y and Model 3
finally unveiled its new, cheaper Model Y, the more affordable car that the company has been promising — but failing to deliver — for years. The stripped-down Model Y, dubbed “Standard,” comes with a ...
Lucid sinks following weaker-than-expected Q3 vehicle deliveries and lowered analyst outlook
delivered 4,078 vehicles in its third quarter, the seventh straight quarterly delivery record for the luxury EV maker. But despite that year-over-year growth, the figure came in below Wall Street’s es...
Tesla jumps after posting videos teasing tomorrow’s date. Will a long-awaited new model be announced?
is up more than 2% premarket after posting videos online that teased what seems to be an imminent product announcement or event. One video posted on X Sunday depicts a spinning Tesla wheel and ends wi...
Automakers spike on report that Trump administration is considering tariff relief
The Trump administration is considering significant tariff relief for many major automakers, according to reporting by Reuters . “The signal to the car companies around the world is, look, you have fi...
JPMorgan reiterates “underweight” rating after Tesla delivery beat
While delivered a massive delivery beat yesterday , JPMorgan analyst Ryan Brinkman wants to remind investors to put that beat into context: He noted that the surge was likely a temporary one thanks t...
Tesla delivered way more Teslas than it produced last quarter
Last year had a supply problem — too much of it. Not so much anymore. According to third-quarter numbers released today, Tesla sold a record 497,000 vehicles , thanks to pulled forward demand from di...
Rivian dips after lowering its full-year guidance while posting better-than-expected Q3 sales
Shares of EV maker dipped more than 3% in premarket trading on Thursday after the company reported its third-quarter production and delivery totals. Rivian said it delivered 13,201 vehicles in the pe...