Nio Inc. NIO has lowered prices across all its models, including its revamped ES8 and ES6 SUVs (sports utility vehicles), effective Jun 12, 2023, amid a deepening EV price war in the country. Additionally, the company is encountering growing difficulties attributed to widening financial losses and lackluster sales. Notably, NIO delivered 43,854 vehicles in the… Continue reading NIO Slashes Prices of All Models, Ends Free Battery Swapping
Author: Yarhow_Finance Online News
Chinese automaker BYD reopens two Hong Kong showrooms after vandalism
HONG KONG (Reuters) – Chinese automaker BYD Co Ltd has restarted operations at two showrooms and a service centre in Hong Kong after they were vandalised earlier this week, BYD’s sole agent said in a notice on its website on Wednesday. Restoration work on another showroom in the outlying district of Yuen Long in the… Continue reading Chinese automaker BYD reopens two Hong Kong showrooms after vandalism
If You Invested $1000 in Eaton a Decade Ago, This is How Much It’d Be Worth Now
How much a stock’s price changes over time is a significant driver for most investors. Not only can price performance impact your portfolio, but it can help you compare investment results across sectors and industries as well. FOMO, or the fear of missing out, also plays a role in investing, particularly with tech giants and… Continue reading If You Invested $1000 in Eaton a Decade Ago, This is How Much It’d Be Worth Now
EV Roundup: GM-TSLA Charging Deal, BWA’s “Charging Forward: 2027” & More
In a major development in the electric vehicle (EV) space last week, U.S. auto giant General Motors GM announced plans to embrace EV behemoth Tesla’s TSLA charging network. GM’s intention to adapt its EVs to make them compatible with Tesla’s vast Supercharger network seems to have shaken the dynamics of the EV charging landscape. Auto equipment provider… Continue reading EV Roundup: GM-TSLA Charging Deal, BWA’s “Charging Forward: 2027” & More
Auto Roundup: GM’s Investment Plans, CVNA’s Improved Q2 Outlook & More
According to the China Passenger Car Association, there was a 6.9% increase in passenger vehicle sales in China in May, totaling 1.76 million vehicles. In the same month, 580,000 new energy vehicles were sold, reflecting 10.5% monthly growth and constituting 32.9% of the total sales in May. From January to May, overall passenger vehicle sales… Continue reading Auto Roundup: GM’s Investment Plans, CVNA’s Improved Q2 Outlook & More
New Strong Sell Stocks for June 13th
Here are three stocks added to the Zacks Rank #5 (Strong Sell) List today: Adient plc ADNT is an investment holding company. The Zacks Consensus Estimate for its current year earnings has been revised nearly 24.6% downward over the last 60 days. BOC Hong Kong (Holdings) Limited BHKLY is an investment holding company. The Zacks… Continue reading New Strong Sell Stocks for June 13th
EV Roundup: GM-TSLA Charging Deal, BWA’s “Charging Forward: 2027” & More
In a major development in the electric vehicle (EV) space last week, U.S. auto giant General Motors GM announced plans to embrace EV behemoth Tesla’s TSLA charging network. GM’s intention to adapt its EVs to make them compatible with Tesla’s vast Supercharger network seems to have shaken the dynamics of the EV charging landscape. Auto equipment provider… Continue reading EV Roundup: GM-TSLA Charging Deal, BWA’s “Charging Forward: 2027” & More
Best Stocks to Buy Now: Is Nio Stock a Buy After Earnings?
Nio stock surged over 8% today from news that could lower the company’s cash burn. Is it time to load up? Go to Source
Options Traders Score Cheap Premium After Nio Earnings
Options traders are blasting China-based electric vehicle (EV) name Nio Inc (NYSE:NIO), after the company reported first-quarter earnings on Friday. At last glance, more than 246,000 calls and 107,000 puts had crossed the tape, which is triple the intraday average amount. Most popular and seeing new positions opening is the June 8.50 call. These traders are… Continue reading Options Traders Score Cheap Premium After Nio Earnings
New Strong Buy Stocks for June 12th
Here are five stocks added to the Zacks Rank #1 (Strong Buy) List today: Arcosa, Inc. ACA: This infrastructure solutions provider has seen the Zacks Consensus Estimate for its current year earnings increasing 44.3% over the last 60 days. Arcosa, Inc. Price and Consensus Arcosa, Inc. Price and Consensus Arcosa, Inc. price-consensus-chart | Arcosa, Inc.… Continue reading New Strong Buy Stocks for June 12th