Tesla Chief Executive Officer Elon Musk gets in a Tesla car as he leaves a hotel in Beijing, China May 31, 2023. Tingshu Wang | Reuters Tesla’s share of the U.S. electric vehicles market will drop to 18% by 2026, Bank of America analysts estimated in a note Tuesday. That would be a significant drop… Continue reading Tesla’s U.S. electric vehicle market share will drop to 18% by 2026, BofA estimates
Author: CNBC Online news
Shell CEO says EV charging stations in China are hot, predicts ‘robust’ oil and gas demand
In this aerial view, cars line up to refuel before the price rises at a Shell gas station in Wuhan, the capital of the Hubei province in China, June 14, 2022. Getty Images | Getty Images News | Getty Images British energy giant Shell is boosting its oil and gas production to book profits in the near… Continue reading Shell CEO says EV charging stations in China are hot, predicts ‘robust’ oil and gas demand
Toyota shares hit 16-month high as shareholders endorse board, new EV strategy
People arrive to attend an annual shareholders’ meeting for Toyota Motor in the city of Toyota, Aichi Prefecture on June 14, 2023. Toyota is under pressure from large institutional investors for chairman Akio Toyoda to step down over his lukewarm embrace of electric vehicles. Str | Afp | Getty Images Stock Chart Icon Stock chart… Continue reading Toyota shares hit 16-month high as shareholders endorse board, new EV strategy
Toyota shares surge 5% after announcing plans for next-gen battery EVs
A display of Toyota electrified vehicles at the 2022 New York Auto Show, April 13, 2022. Scott Mlyn | CNBC Shares of Japanese automaker Toyota spiked 5% Tuesday after the company announced it will introduce a full lineup of battery electric vehicles with “next generation” batteries from 2026. These will be developed and manufactured by… Continue reading Toyota shares surge 5% after announcing plans for next-gen battery EVs
GM to invest $632 million to produce next-generation pickups in Indiana
Trucks come off the assembly line at GM’s Chevrolet Silverado and GMC Sierra pickup truck plant in Fort Wayne, Indiana, July 25, 2018. John Gress | Reuters DETROIT – General Motors announced plans Monday to invest $632 million for production of its next-generation full-size pickup trucks at a plant in Indiana. The investment is the… Continue reading GM to invest $632 million to produce next-generation pickups in Indiana
Nio cuts prices for its cars — and delays business expansion plans
Nio co-founder William Li poses inside a Nio EC7 at the Shanghai auto show on April 19, 2023. Hector Retamal | Afp | Getty Images BEIJING — Chinese electric car brand Nio said Monday it is cutting prices for its cars by the equivalent of $4,200 effective immediately, and ending free battery swaps for new… Continue reading Nio cuts prices for its cars — and delays business expansion plans
What Tesla charging partnerships with Ford and GM mean for the EV industry
TESLA logo on a charging station at on May 26, 2023 in Merklingen, Germany. Harry Langer/ | Defodi Images | Getty Images In a matter of weeks, Ford Motor, General Motors and Tesla appear to have shifted the tide on electric vehicle charging infrastructure in North America. Tesla owners have long enjoyed reliable charging away… Continue reading What Tesla charging partnerships with Ford and GM mean for the EV industry
One of our recent top-performers is not in tech. Here’s how the stock has been creeping higher
One of our best-performing stocks over the past month may come as a surprise — especially given all the market excitement around the current artificial intelligence-fueled rally, which has largely been confined to a select few mega-cap tech names. It’s Ford (F), whose stock has jumped 15% since its $12-per-share close on May 8. The… Continue reading One of our recent top-performers is not in tech. Here’s how the stock has been creeping higher
Tesla on track to match its longest winning streak on heels of GM charging deal
Tesla’s stock is on track to match its longest winning streak of 11 straight days in the green, should it end the day positive Friday. The last time the stock was up for so long was in January 2021. The stock was up about 7% as of Friday morning. related investing news Tesla’s charging partnerships… Continue reading Tesla on track to match its longest winning streak on heels of GM charging deal
GM CEO Mary Barra says Tesla charging deal will save the automaker up to $400 million
watch now DETROIT — General Motors CEO Mary Barra said a charging deal with Tesla announced Thursday will save the automaker up to $400 million of a planned investment in building out EV charging in the U.S. and Canada. GM said in October 2021 it planned to spend $750 million on electric vehicle-charging infrastructure in… Continue reading GM CEO Mary Barra says Tesla charging deal will save the automaker up to $400 million