We’re growing increasingly worried about some richly valued companies in our portfolio, including the likes of Nvidia (NVDA) and Microsoft (MSFT). Expensive stocks remain out of favor on Wall Street — just as they had been for much of last year — and there could be more room for them to fall as recession fears… Continue reading These 6 Club stocks look reasonably priced as Wall Street shuns high flyers
Author: CNBC Online news
Tesla suppliers’ shares jump as electric automaker cuts prices for some models in China
Hong Kong, China, 13 Sept 2022, A red Tesla car passes in front of a Tesla dealership in Wanchai. (Photo by Marc Fernandes/NurPhoto via Getty Images) Nurphoto | Nurphoto | Getty Images Tesla’s Chinese suppliers jumped after the electric automaker slashed prices for some models in China. In a Weibo post, the company said its… Continue reading Tesla suppliers’ shares jump as electric automaker cuts prices for some models in China
Andretti joins forces with General Motors for Cadillac Formula 1 entry bid
Michael Andretti, team owner of Walkinshaw Andretti United, looks on during qualifying for Supercars Adelaide 500 on March 2, 2018 in Adelaide, Australia. Daniel Kalisz | Getty Images Sport | Getty Images Andretti have teamed up with General Motors in a bid to enter Formula 1 which, if successful, would also see the famous Cadillac… Continue reading Andretti joins forces with General Motors for Cadillac Formula 1 entry bid
Ram previews new electric pickup to rival Ford, Rivian and others
Ram 1500 Revolution BEV electric concept truck Stellantis Ram Truck previewed its upcoming electric pickup Thursday at the CES technology show, as the automaker plans its entrance into the emerging segment next year to compete with Detroit rivals as well as Rivian and, potentially, Tesla. The Stellantis truck brand revealed the Ram 1500 Revolution BEV… Continue reading Ram previews new electric pickup to rival Ford, Rivian and others
These states will dominate EV battery manufacturing in 2030
Zoom In Icon Arrows pointing outwards Planned electric vehicle battery plant capacity in North America by 2030. Data updated through November. U.S. Department of Energy, Argonne National Lab Georgia, Kentucky and Michigan are going to dominate electric vehicle battery manufacturing in the United States by 2030. Each of those three states will be able to… Continue reading These states will dominate EV battery manufacturing in 2030
Ford pickup truck sales in December help narrow overall sales decline in 2022
2023 Ford Super Duty F-350 Limited Ford DETROIT — Ford Motor narrowed its U.S. sales loss last year to 2.2%, as the automaker notably increased sales of its F-Series pickups to end 2022 with a slight increase in December. The Detroit automaker on Thursday reported sales of more than 1.9 million vehicles in 2022, including… Continue reading Ford pickup truck sales in December help narrow overall sales decline in 2022
Amazon’s Alexa will soon help EV drivers find a charger
Alexa for EV charging Source: Amazon Amazon is betting that Alexa, its voice-activated virtual assistant, can help ease one of electric vehicle drivers’ biggest worries: finding a charging station while on the road. At CES on Thursday, Amazon announced a new collaboration with EVGo, one of the largest U.S. charging networks, that will soon allow Alexa… Continue reading Amazon’s Alexa will soon help EV drivers find a charger
Share of new car buyers with a monthly payment of more than $1,000 hits record high
watch now Financing a new or used car is more expensive than ever, new research shows. Amid rising interest rates and elevated auto prices, the share of new car buyers with a monthly payment of more than $1,000 jumped to a record high, according to Edmunds. For the first time, just over 15% of consumers who… Continue reading Share of new car buyers with a monthly payment of more than $1,000 hits record high
Stellantis beefs up commitment to electric flying vehicle company Archer Aviation
watch now Stellantis is leaning into its bet on a future that includes flying cars. The Chrysler maker is doubling down on its commitment to help Archer Aviation produce its first batch of electric flying vehicles by 2025, announced Stellantis CEO Carlos Tavares and Archer CEO Adam Goldstein in an interview on CNBC’s Tech Check.… Continue reading Stellantis beefs up commitment to electric flying vehicle company Archer Aviation
GM reclaims title as America’s top automaker after a 2.5% jump in sales last year
2022 GMC Sierra 1500 Denali Ultimate GM DETROIT – General Motors reclaimed its U.S. sales crown from Toyota Motor last year as the Detroit automaker eked out a slight gain in annual U.S. vehicle sales despite supply chain problems. GM said Wednesday it sold 2.27 million vehicles in the U.S. in 2022, up by 2.5%… Continue reading GM reclaims title as America’s top automaker after a 2.5% jump in sales last year