Consumer spending has softened over the past few months. And many companies that depend on consumer spending — particularly those in the apparel and accessories industry — are forecasting a continued softening in the consumer in the second half of 2023. Despite strong brand recognition, companies like Levi’s (LEVI) and Nike (NKE) are among the [...]
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Lucid (NASDAQ: LCID) was once a hot electric vehicle (EV) company, but it's run into a number of challenges. Production isn't improving very quickly, cash is being burned at an unsustainable rate, and competition is getting stronger. Travis Hoium highlights the company's biggest
The United Auto Workers (UAW) union will start contract talks with the Detroit Three automakers beginning Thursday, ahead of the mid-September expiration of current four-year labor deals.
He's a multibillionaire who ranks among the wealthiest people on the planet. He loves electric vehicles. And he wants to revolutionize how energy is stored. Based on that description, you might be thinking that I'm talking about Tesla (NASDAQ: TSLA) CEO Elon Musk.
The second-quarter 2023 earnings season will kick start this week as major banks are slated to report their quarterly financial numbers. The season is beginning with tepid expectations as the market’s benchmark — the S&P 500 I
For those who have some interest in investing in the automotive industry, there are some intriguing long-term trends now underway that have real potential to boost a stock portfolio. One obvious trend involves electric vehicles (EVs) and it began largely on interest in Tesla (NAS
Tesla has begun discussions with the Indian government for an investment proposal to set up a car factory in the country, with an annual capacity of as many as 500,000 electric vehicles, the Times of India reported on Thursday.
Tesla has started discussions with the Indian government for an investment proposal to set up a car factory in the country, with an annual capacity of as many as 500,000 electric vehicles, the Times of India reported on Thursday.
Billionaire Elon Musk said on Wednesday he thinks China is interested in a cooperative international framework on artificial intelligence, from conversations he had when he visited a few weeks ago.
On July 12, 2023 at 12:09:49 ET an unusually large $2,628.00K block of Put contracts in Tesla (TSLA) was bought, with a strike price of $305.00 / share, expiring in 2 day(s) (on July 14, 2023). Fintel tracks all large options trades, and the premium spent on this trade was 1.52
Fintel reports that on July 12, 2023, Citigroup maintained coverage of Tesla (NASDAQ:TSLA) with a Neutral recommendation. Analyst Price Forecast Suggests 22.35% Downside
The United Auto Workers (UAW) union will start contract talks with the Detroit Three automakers beginning Thursday, ahead of the mid-September expiration of current four-year labor deals.
Tesla said the $7,500 federal tax credits for its Model 3 electric vehicles are likely to be reduced after Dec. 31, according to its website on late Tuesday.
Billionaire Elon Musk's xAI on Wednesday announced the formation of the artificial intelligence (AI) startup with the launch of its website, unveiling a team made up of engineers who have worked at companies from Alphabet-owned Google to Microsoft and OpenAI.
Ericsson ERIC is scheduled to report second-quarter 2023 results on Jul 14, before the opening bell. In the last reported quarter, the company surpassed the Zacks Consensus Estimate by 4 cents. It pulled off a trailing four-quarte
Wall Street rallied on Wednesday, led by gains in rate-sensitive megacap growth stocks after data showed inflation cooled further in June and boosted hopes that the Federal Reserve was nearing the end of its monetary tightening cycle.
Wall Street rallied on Wednesday, led by gains in rate-sensitive megacap growth stocks after data showed inflation cooled further in June and boosted hopes that the Federal Reserve was nearing the end of its monetary tightening cycle.
The market expects Tesla (TSLA) to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended June 2023. This widely-known consensus outlook is important in assessing the company
Lucid Group's electric-vehicle production dropped and its deliveries in the second quarter remained flat compared to the previous three months amid competition from Tesla, sending its shares down 7% in premarket trading on Wednesday.