U.S. stock indexes slumped on Friday as escalating tensions in Ukraine amid fears of an imminent Russian invasion prompted investors to dump risky assets in the run-up to a long weekend.
What happened
Shares of Ford Motor Company (NYSE: F) were moving higher on Friday morning, after Bloomberg reported that the company is looking at ways to split its new (and booming) electric-vehicle (EV) business from its legacy internal-combustion engine (ICE) product line.
Apple (NASDAQ: AAPL) is a beast, and nobody is going to topple it from the king of the market cap hill anytime soon. Apple's $2.8 billion valuation is dominant right now, but the class act of Cupertino probably won't be on top forever. Go out 13 years and it wouldn't be a surpris
Ford Motor Co is considering ways to separate its electric-vehicle operation from its legacy business, Bloomberg News reported https://www.bloomberg.com/news/articles/2022-02-18/ford-f-ceo-is-considering-ways-to-run-its-ev-business-separately?sref=vEQJzSks on Friday, citing people familiar with the effort.
Share prices of up-and-coming electric vehicle (EV) maker Rivian Automotive (NASDAQ: RIVN) are down a painful 36% year to date, which is worse than the performance of Lucid Group, Tesla, Ford, or General Motors. However, all five automakers are underperforming the Nasdaq Composit
Sonic Automotive, Inc. SAH registered fourth-quarter 2021 adjusted earnings per share of $2.66, which beat the Zacks Consensus Estimate of $1.83. Higher-than-expected gross profit from new and used vehicle segments led to the outperformance. The bottom line was also 77.3%
Allison Transmission Holdings ALSN posted fourth-quarter earnings of $1.15 a share, which beat the Zacks Consensus Estimate of 92 cents owing to higher-than-anticipated contribution from all segments except the North America On-Highway end market. The bottom line also inc
WASHINGTON (Reuters Breakingviews) - Elon Musk can be a vulnerable person. That’s one of the surprising insights from a new book about the founding of PayPal and the network of entrepreneurs and venture capital investors it spawned. It&rsq
Tesla Inc's ability to quickly issue safety patches via remote software updates is an approach other automakers eye enviously, but that also carries risk as cars become more like rolling computers.
Renault plans to repay the state aid it received in the coronavirus pandemic ahead of schedule, the French carmaker said on Friday, after it swung to profit in 2021, beating expectations as it reversed out of two straight years of losses.
The Mustang Mach-E from Ford has surpassed Tesla’s Model 3 as the top electric vehicle (EV) for Consumer Reports in 2022. Aside from its popularity, data released regarding the reliability of the Mach-E helped push the car into the top spot, knocking the incumbent Tesla Model 3 down, reports CNBC. Image Source: CarScoops This brings further [...] Read more at ETFtrends.com.
(RTTNews) - Tesla Inc. (TSLA) CEO Elon Musk on Thursday accused the Securities and Exchange Commission or SEC of harassing him as part of a calculated move to curtail his right to free speech in its oversight of his interactions with shareholders. This was part of a 2018 agreemen
What happened
Shares of electric car giant Tesla (NASDAQ: TSLA) toppled and fell 4% in early trading on the Nasdaq Thursday. As of 1 p.m. ET, the stock remains down about 3.9%.
LKQ Corporation LKQ reported adjusted earnings of 87 cents per share in fourth-quarter 2021, surpassing the Zacks Consensus Estimate of 77 cents and increasing 26.1% year over year from 69 cents. This outperformance was driven by the higher-than-anticipated revenues from
Copart, Inc. CPRT reported second-quarter fiscal 2022 (ended Jan 31, 2022) adjusted earnings per share of $1.10, surpassing the Zacks Consensus Estimate of $1.04. The bottom line also surged 37.5% year over year from 80 cents reported in the prior-year quarter.The online
Ford Motor and Geely Automobile’s Volvo Cars will join battery recycling startup Redwood Materials in developing processes, starting in California, to collect end-of-life batteries from electric and hybrid vehicles and recover the materials for use in new batteries, the companies said Thursday.
Genuine Parts Company GPC reported fourth-quarter 2021 adjusted earnings of $1.79 per share, up 17.8% year over year. The bottom line also surpassed the Zacks Consensus Estimate of $1.61 per share. Robust sales growth coupled with ongoing gross-margin improvement initiati