Employees work on an assembly line at startup Rivian Automotive’s electric vehicle factory in Normal, Illinois, April 11, 2022. Kamil Krzaczynski | Reuters Shares of Rivian Automotive notched a new 52-week low on Wednesday after the company missed its 25,000-unit production target for last year. The EV startup late Tuesday said it produced 24,337 vehicles… Continue reading Rivian stock hits new 52-week low after the automaker misses 2022 production target
Author: CNBC Online news
China risks loom over U.S. tech giants Tesla and Apple as share prices plunge
watch now Apple and Tesla are facing major headwinds in China which is contributing to investor jitters around the two U.S. technology giants. Tesla shares tanked 12% on Tuesday after the electric car maker reported deliveries that fell short of analyst expectations, while Apple dropped more than 3% as concerns resurfaced about demand for the… Continue reading China risks loom over U.S. tech giants Tesla and Apple as share prices plunge
Ford says F-Series pickup continued its decadeslong dominance in 2022
2023 Ford F-150 Raptor R Ford DETROIT – The Ford F-Series continued its decadeslong U.S. sales dominance in 2022 despite ongoing parts and supply chain problems, the company said Tuesday. Ford Motor reported sales of its F-Series, which includes the F-150 pickup and its larger siblings, surpassed 640,000 trucks last year – making it America’s… Continue reading Ford says F-Series pickup continued its decadeslong dominance in 2022
Tesla reports 1.31 million deliveries in 2022, growth of 40% over last year
Tesla electric cars in Germany on March 21, 2022. Sean Gallup | Getty Images News | Getty Images Tesla just published its fourth-quarter vehicle production and delivery report for 2022. Here are the key numbers. Total deliveries Q4 2022: 405,278Total production Q4 2022: 439,701Total annual deliveries 2022: 1.31 millionTotal annual production 2022: 1.37 million Deliveries… Continue reading Tesla reports 1.31 million deliveries in 2022, growth of 40% over last year
Cramer’s final thoughts for the year: Making sense of multiples amid a looming recession
The price-to-earnings multiples say recession. But the multiples said similar things in 2022. So how long can the multiples stay this low? We have all read dozens of articles about what 2023 will bring us. I think most are sincere. Their only drawback, as usual, is that they don’t touch on stocks themselves. They might… Continue reading Cramer’s final thoughts for the year: Making sense of multiples amid a looming recession
Jim Cramer on rate hikes, jobless claims and an oversold bounce
We have had a grim run this year, particularly in the Nasdaq Composite , and Thursday and Friday may be your last days to be able to offset the wins you may have taken already. I think there have been plenty of gains taken this year simply because the Federal Reserve has given us a… Continue reading Jim Cramer on rate hikes, jobless claims and an oversold bounce
We’re adding to our position in this automaker amid an oversold market
We’re putting some cash to work Thursday morning, consistent with our discipline of buying in small increments whenever the market becomes oversold. Go to Source
Navigating the e-bike boom with America’s outdated infrastructure
Electric bikes are becoming increasingly popular around the world. In the U.S. e-bike sales are outpacing electric and hybrid cars combined, according to the Light Electric Vehicle Association. “The level of ridership has almost doubled or more every year since 2015,” said Mike Radenbaugh, the founder and chairman of Rad Power Bikes. “And we see… Continue reading Navigating the e-bike boom with America’s outdated infrastructure
Elon Musk tells Tesla employees don’t be ‘bothered by stock market craziness’
SpaceX owner and Tesla CEO Elon Musk speaks during a conversation with legendary game designer Todd Howard (not pictured) at the E3 gaming convention in Los Angeles, California, June 13, 2019. Mike Blake | Reuters After shares of Tesla dipped by more than 10% on Tuesday deepening a year-long sell-off, CEO Elon Musk told employees… Continue reading Elon Musk tells Tesla employees don’t be ‘bothered by stock market craziness’
Tesla made headlines in 2022, but the top-performing auto stock had nothing to do with EVs
The Ferrari SP38 seen at Goodwood Festival of Speed 2022 on June 23rd in Chichester, England. Martyn Lucy | Getty Images This year wasn’t about which auto manufacturer stock performed the best. It was about which stock managed to escape the worst of the year’s selling pressure. After significant growth in auto stocks in 2021,… Continue reading Tesla made headlines in 2022, but the top-performing auto stock had nothing to do with EVs