Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. (We’re no longer recording the audio, so we can get this new written feature to members as quickly as possible.) Go to Source
Author: CNBC Online news
Ford to delay all-electric SUV, truck to focus on offering hybrid vehicles across its lineup by 2030
A visitor views a titanium hybrid 2020 Ford Escape FWD small SUV at the Canadian International Auto Show in Toronto, Ontario, in Canada, Feb. 18, 2020. Chris Helgren | Reuters DETROIT – Ford Motor is delaying production of a new all-electric large SUV and pickup truck, as it shifts to offer hybrid options across its… Continue reading Ford to delay all-electric SUV, truck to focus on offering hybrid vehicles across its lineup by 2030
Why hybrid sales surge as EV sales flatten
After years of being overshadowed by flashy electric vehicles from Tesla and others, the hybrid — a gas sipper that has both an engine and an electric motor — is back in the spotlight. EV sales have slowed in the U.S., according to car website and data tracker Edmunds, with the time it takes for… Continue reading Why hybrid sales surge as EV sales flatten
China’s BYD to launch first electric pickup truck this year in latest challenge to Tesla, Ford
BYD teased its upcoming electric pickup truck which the Chinese auto giant said it would launch in 2024. BYD BYD plans to launch its first electric pickup truck this year, as the Chinese giant steps up competition with global auto firms, from Ford to Tesla. The midsize-to-large pickup truck has been developed for the global… Continue reading China’s BYD to launch first electric pickup truck this year in latest challenge to Tesla, Ford
Tesla to explore locations in India for $3 billion EV factory, FT reports
An electric vehicle of the model Y is pictured during the start of the production at Tesla’s “Gigafactory” on March 22, 2022 in Gruenheide, southeast of Berlin. – US electric car pioneer Tesla received the go-ahead for its “gigafactory” in Germany on March 4, 2022, paving the way for production to begin shortly after an… Continue reading Tesla to explore locations in India for $3 billion EV factory, FT reports
Jim Cramer sees Ford and Costco nearing buy levels. Here’s the story behind each
These two consumer-related stocks could be approaching new buying levels, according to Jim Cramer. Go to Source
Noted Tesla bear says Musk’s EV maker could ‘go bust’ and stock is worth $14
Elon Musk, CEO of Tesla, speaks at the Atreju political convention organized by Fratelli d’Italia (Brothers of Italy), in Rome, Italy, on Dec. 15, 2023. Antonio Masiello | Getty Images Tesla could “go bust” while its stock could fall to $14, Per Lekander, a hedge fund manager who has been shorting Elon Musk‘s electric car… Continue reading Noted Tesla bear says Musk’s EV maker could ‘go bust’ and stock is worth $14
GM U.S. vehicle sales fall 1.5% during the first quarter, underperforming other major automakers
The 2024 Buick Envista. GM DETROIT — General Motors on Tuesday reported a 1.5% decline in first-quarter U.S. vehicle sales compared to a year ago, as the overall auto industry normalizes after years of disruptions and volatile results. The Detroit automaker said the decline to 594,233 vehicles sold during the first three months of the… Continue reading GM U.S. vehicle sales fall 1.5% during the first quarter, underperforming other major automakers
Tesla shares fall after deliveries drop 8.5% from a year ago
Tesla and SpaceX CEO Elon Musk. Kirsty Wigglesworth | Reuters Tesla shares fell on Tuesday after the company reported a drop in vehicle deliveries in the first quarter, the first annual decline since 2020, when the global pandemic disrupted production. Here are the key numbers: Total deliveries Q1 2024: 386,810Total production Q1 2024: 433,371 Vehicle production… Continue reading Tesla shares fall after deliveries drop 8.5% from a year ago
Xiaomi shares pop 16% after the Chinese smartphone maker launches its first EV
A Xiaomi SU7 electric sedan is seen displayed at a regional HQ of Xiaomi in Nanjing in east China’s Jiangsu province. Future Publishing | Future Publishing | Getty Images BEIJING — Shares of Chinese smartphone maker Xiaomi surged as much as 16% on Tuesday, the first trading day since the company launched its SU7 electric… Continue reading Xiaomi shares pop 16% after the Chinese smartphone maker launches its first EV