Tag: Tesla

Tesla’s share turnover beats big tech peers in New Year selloff

 More than $25 billion worth of Tesla Inc. shares changed hands on the first day of New Year trading as the EV maker’s stock continued its downward slide. Equity trading volume for the firm piloted by Elon Musk was the highest among all members in the S&P 500 Index and almost as much as the… Continue reading Tesla’s share turnover beats big tech peers in New Year selloff

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NEW YORK, Jan 4 (Reuters) – Tesla Inc’s (TSLA.O) steep sell-off is proving to be an ongoing nightmare for fund managers that have bet heavily on the Elon Musk-led electric vehicle manufacturer. Overall, 50 actively-managed U.S. equity funds have more than 5% of their assets in the company, exceeding the barrier that many portfolio managers… Continue reading Untitled

Foxconn to use Nvidia chips to build autonomous vehicle platforms

(Reuters) — Chipmaker Nvidia and electronics manufacturer Foxconn announced a partnership on Tuesday to develop autonomous vehicle platforms. Taiwanese contract manufacturer Foxconn said it will manufacture electronic control units (ECUs) for cars based on Nvidia’s DRIVE Orin chip made specifically for computing in connected and autonomous vehicles. The ECUs will serve the global automotive market,… Continue reading Foxconn to use Nvidia chips to build autonomous vehicle platforms

EV Roundup: 2022 Deliveries of TSLA, NIO, XPEV, LI & RIVN in Focus

Heightening climate concerns, technological advances and stricter fuel-emission standards have turned the fortunes in favor of electric vehicles (EVs). The demand for electric cars is off the charts. Despite a global deficit in semiconductor supply and other supply chain issues, key EV players, including EV king Tesla TSLA and China-based EV makers NIO Inc. NIO, XPeng Inc. XPEV and Li Auto LI managed… Continue reading EV Roundup: 2022 Deliveries of TSLA, NIO, XPEV, LI & RIVN in Focus

Tesla stock is ‘way oversold on fears of the unknown,’ Wedbush’s Ives says

Tesla watcher and Twitter CEO Elon Musk critic Dan Ives is sounding a bit more optimistic on Tesla stock after a major hammering to kick off 2023. “With $5+ of earnings power still hittable and the stock in free fall, we do not believe now is the time to bail on the stock,” the Wedbush… Continue reading Tesla stock is ‘way oversold on fears of the unknown,’ Wedbush’s Ives says

Tesla Stock Vs. BYD Stock: TSLA Dives On Demand Fears As EV Giants Vie For Crown

TheStreet.com Tesla Rival Rivian Narrowly Misses Its Bet The upstart, seen as one of Tesla’s most serious rivals, had a nightmarish year 2022. Rivian , which started producing cars in 2021, predicted that 2022 would be the year of ramp-up or mass production. The automaker encountered many problems including major disruptions related to the supply… Continue reading Tesla Stock Vs. BYD Stock: TSLA Dives On Demand Fears As EV Giants Vie For Crown

Jerry 2023 State of the American Driver Report Reveals Impact of Rising Car Expenses on Household Budgets

A Quarter of Americans Spend Over 15% of Take-Home Pay on Monthly Car Payments; Two-Thirds of Drivers Report Rising Auto Expenses Force Them to Cut Spending Elsewhere PALO ALTO, Calif., Jan. 4, 2023 /PRNewswire/ — Jerry, the superapp for car owners, today releases the findings from its 2023 State of the American Driver Report, its second-annual… Continue reading Jerry 2023 State of the American Driver Report Reveals Impact of Rising Car Expenses on Household Budgets

Why Mullen (MULN) Stock Is Shaking Off Tesla’s EV Plunge Today – InvestorPlace

Shares of Tesla (NASDAQ:TSLA) are continuing their decline lower following the release of the electric vehicle (EV) company’s fourth-quarter deliveries. During the quarter, Tesla delivered a total of 405,278 vehicles, which fell short of the average analyst estimate of 420,760 vehicles. While deliveries rose by an impressive 40% year-over-year, it’s evident investors and analysts were… Continue reading Why Mullen (MULN) Stock Is Shaking Off Tesla’s EV Plunge Today – InvestorPlace