The U.S.-listed shares of China-based Nio Inc. gained 0.1% in afternoon trading Thursday, after closing the previous session at the lowest price since July 2020, despite the 6.7% selloff in rival electric vehicle maker Tesla Inc.’s stock after disappointing third-quarter results. Meanwhile, shares of fellow China-based EV makers XPeng Inc. climbed 3.9% after closing Wednesday… Continue reading Nio stock bounces, even after Tesla CEO Elon Musk says China seeing ‘burst of recession’
Author: Yarhow_Finance Online News
Why Rivian, Nio, and Other EV Maker Stocks Rose Today
Reuters Twitter tells employees there are no plans for layoffs Twitter General Counsel Sean Edgett emailed employees on Thursday saying the company does not plan layoffs, according to a source who viewed the email. The Washington Post reported earlier on Thursday that Elon Musk told prospective investors in his deal to buy Twitter that he… Continue reading Why Rivian, Nio, and Other EV Maker Stocks Rose Today
Tesla Stock Vs. BYD Stock: TSLA Skids On Earnings; ‘Real Challenger’ Sees Soaring Profit
The Wall Street Journal Tesla Stock Price Declines After Soft Outlook Shares of Tesla fell Thursday after the electric-vehicle maker [cut its full-year growth expectations.](https://www.wsj.com/articles/tesla-tsla-q3-earnings-report-2022-11666139620?mod=hp_lead_pos1) The shares were recently down about 7%. On Wednesday afternoon, the company released its third-quarter results, reporting nearly $3.3 billion in profit on $21.5 billion of revenue. That revenue marked… Continue reading Tesla Stock Vs. BYD Stock: TSLA Skids On Earnings; ‘Real Challenger’ Sees Soaring Profit
Faurecia may be ‘last of the Mohicans’ in pollution control – CEO
PARIS (Reuters) – Faurecia does not intend to let go of its pollution control business despite the scheduled end of combustion engine sales, as the business will remain profitable for a long time and help reduce debt, the automotive equipment supplier’s chief executive told Reuters. “We occupy more than 65% of the market share (with… Continue reading Faurecia may be ‘last of the Mohicans’ in pollution control – CEO
Why Nio, Rivian, and ChargePoint Stocks Are Volatile Today
Instead, investors appeared to be concerned with comments made by Goldman Sachs CEO David Solomon and former Amazon CEO Jeff Bezos about the state of the U.S. economy. The EV industry is just beginning to find its footing, but a widespread economic slowdown in the U.S. and abroad could add to an already turbulent time… Continue reading Why Nio, Rivian, and ChargePoint Stocks Are Volatile Today
Shares of Chinese EV Makers Fall on Slowing Sales
Motley Fool Why Nio, Rivian, and ChargePoint Stocks Are Volatile Today Instead, investors appeared to be concerned with comments made by Goldman Sachs CEO David Solomon and former Amazon CEO Jeff Bezos about the state of the U.S. economy. The EV industry is just beginning to find its footing, but a widespread economic slowdown in… Continue reading Shares of Chinese EV Makers Fall on Slowing Sales
Why a Warren Buffett Stock Pushed Nio Higher Early Today
Motley Fool Is Tilray Brands Planning More Acquisitions? Tilray Brands (NASDAQ: TLRY) is eyeing lots of growth in the years ahead in the Canadian, U.S., and European pot markets. The cannabis producer is the largest one in Canada, but a lack of legalization in other parts of the world is limiting its growth today, with… Continue reading Why a Warren Buffett Stock Pushed Nio Higher Early Today
Tesla Stock Vs. BYD Stock: Booming EV Giant Sees Q3 Profit Up As Much As 1,015%
Motley Fool Why Ford, Rivian, and Lucid Stocks Raced Ahead Today As of 11 a.m. ET, shares of automotive giant Ford (NYSE: F) gained 1.8% and smaller electric vehicle upstarts Rivian Automotive (NASDAQ: RIVN) and Lucid Group (NASDAQ: LCID) rose similar amounts — 1.9% and 2%, respectively. Granted, with stock markets glowing green across the… Continue reading Tesla Stock Vs. BYD Stock: Booming EV Giant Sees Q3 Profit Up As Much As 1,015%
Eaton to Announce Third Quarter 2022 Earnings on November 1, 2022
DUBLIN, October 18, 2022–(BUSINESS WIRE)–Intelligent power management company Eaton (NYSE:ETN) will announce third quarter 2022 earnings on Tuesday, November 1, 2022, before the opening of the New York Stock Exchange. The company will host a conference call at 11 a.m. Eastern time that day to discuss third quarter 2022 earnings results with securities analysts and… Continue reading Eaton to Announce Third Quarter 2022 Earnings on November 1, 2022
BorgWarner (BWA) Gains But Lags Market: What You Should Know
BorgWarner (BWA) closed at $33.80 in the latest trading session, marking a +1.78% move from the prior day. This change lagged the S&P 500’s 2.65% gain on the day. Meanwhile, the Dow gained 1.86%, and the Nasdaq, a tech-heavy index, added 0.24%. Heading into today, shares of the auto parts supplier had lost 10.2% over… Continue reading BorgWarner (BWA) Gains But Lags Market: What You Should Know