TechCrunch VinFast says preorders ‘will get a $7,500 rebate,’ federal tax credit or not Since then, Congress announced it is making changes to the $7,500 federal electric vehicle tax credit, meaning that it becomes much harder to get that sweet, sweet tax deduction. The two major changes are that the tax credit will becomes means-tested… Continue reading Better Bear Market Buy: Lucid vs. Nio
Author: Yarhow_Finance Online News
Now Elon Musk Is Telling China’s Censors About His Vision for the Future
(Bloomberg) — Tesla Inc.’s Elon Musk contributed a column to the official publication of the Cyberspace Administration of China, the powerful agency that oversees data security for companies from Alibaba to Tencent and works with other government entities to censor online content. The billionaire laid out a familiar vision for how technology can ensure humanity’s… Continue reading Now Elon Musk Is Telling China’s Censors About His Vision for the Future
Jeep Maker May Invest Billions to Make EVs in Mexico
(Bloomberg) — Stellantis NV is considering renovating a plant in Mexico to build hybrid and electric vehicles as it transforms its lineup to meet surging demand for battery-powered transport. Most Read from Bloomberg The owner of the Jeep, Peugeot and Ram brands is contemplating a retooling of its factory in Saltillo, Coahuila, one of northern… Continue reading Jeep Maker May Invest Billions to Make EVs in Mexico
Ready to cash out some gains on this stock market run? This strategist says an exit path is about to emerge.
TipRanks Billionaire Ray Dalio Loads Up on These 3 “Strong Buy” Stocks In the last month, both the S&P and the NASDAQ climbed back out of bear territory, and are registering 10% and 13% gains respectively. It’s enough to make investors’ heads spin. Let’s not forget, the markets presented investors with a bearish challenge in… Continue reading Ready to cash out some gains on this stock market run? This strategist says an exit path is about to emerge.
Li Auto, NIO, Peloton, and Other Stock Market Movers Monday
The Wall Street Journal Commodity Stocks Slip Before the Bell Shares of commodity companies are falling in premarket trading as oil and metal prices come under pressure from China’s slowing economy. [Occidental Petroleum](https://www.wsj.com/articles/warren-buffett-loves-occidental-should-you-11659550708), Devon Energy, Marathon Oil, miner Freeport-McMoRan and oil-services firms Baker Hughes and Schlumberger are all down 2.5% or more. Oil-and-gas shares have… Continue reading Li Auto, NIO, Peloton, and Other Stock Market Movers Monday
EV startup Fisker explores higher production in 2023, U.S. manufacturing
Aug 12 (Reuters) – Electric-vehicle startup Fisker Inc said on Friday it was exploring options to manufacture in the United States in 2024 and was considering ramping up production of its first vehicle, the Ocean SUV, in the second half of 2023. U.S. manufacturing would make certain vehicle models eligible for a tax credit under… Continue reading EV startup Fisker explores higher production in 2023, U.S. manufacturing
Linamar Corporation’s (TSE:LNR) Stock Has Seen Strong Momentum: Does That Call For Deeper Study Of Its Financial Prospects?
Linamar’s (TSE:LNR) stock is up by a considerable 29% over the past three months. Given that stock prices are usually aligned with a company’s financial performance in the long-term, we decided to study its financial indicators more closely to see if they had a hand to play in the recent price move. In this article,… Continue reading Linamar Corporation’s (TSE:LNR) Stock Has Seen Strong Momentum: Does That Call For Deeper Study Of Its Financial Prospects?
Investors are Shorting These 10 Chinese Stocks
In this article, we discuss 10 Chinese stocks investors are shorting. If you want to skip our discussion about the turmoil in the Chinese economy, go directly to Investors are Shorting These 5 Chinese Stocks. NIO Inc. (NYSE:NIO), KE Holdings Inc. (NYSE:BEKE), and TAL Education Group (NYSE:TAL) are some of the stocks that investors are… Continue reading Investors are Shorting These 10 Chinese Stocks
Why Nio, XPeng, and Canoo All Shot Higher Today
Stocks of many early-stage electric vehicle (EV) companies are on the move higher Thursday. Shares of China-based Nio (NYSE: NIO) and XPeng (NYSE: XPEV) were up 4.7% and 7.5%, respectively, as of 12:45 p.m. ET. After popping as much as 20%, the stock of U.S.-based Canoo (NASDAQ: GOEV) remained up 6.1% at that time. Go… Continue reading Why Nio, XPeng, and Canoo All Shot Higher Today
EV sales rise 63% in the first half of 2022 amid gas inflation
Yahoo Finance’s Pras Subramanian and Akiko Fujita discuss the adoption of electric vehicles in the first half of 2022 and what brands are benefiting most. Video Transcript AKIKO FUJITA: Well, gas prices are continuing to trend lower. The national average here falling below $4 for the first time since March. We’re talking about the lowest… Continue reading EV sales rise 63% in the first half of 2022 amid gas inflation