Advanced Micro Devices (NASDAQ: AMD) is mostly known for supplying its chips to the personal computer (PC), data center, and gaming console markets, but the chipmaker is gaining traction in another market that could substantially boost its business in the long run.
Indian ride-hailing company Ola plans to go public in the first half of 2022, Chief Executive Officer Bhavish Aggarwal said on Thursday, undeterred by the recent volatility and lackluster listing of some start-ups in the country.
Tesla Inc has launched an electric quad bike for kids in the United States for $1,900, two years after the electric-car maker introduced the all-terrain vehicle (ATV) along with its pickup vehicle Cybertruck.
According to a report published by StreetInsider, Tesla (TSLA) has been directed to pay a compensation of $14,000 to affected car owners in Norway after it was found guilty of slowing down the supercharging speed of its Model S vehicles.
The affected owners (with 85 kWh battery packs) said the drop was witnessed after they updated to Tesla’s 2019.16.1 and .2 software. (See Tesla stock charts on TipRanks)
A similar case had popped up in 2019 when owners of older Tesla Model S and Model X vehicles complained that their max range dropped significantly after a software update.
The report said the company plans on appealing the decision. Tesla said to have slightly increased the charging time and made changes in the use of superchargers. Also, the company said no specific charging pattern was entitled to customers and that the updates were targeted to increase the life of the cars.
Wall Street’s Take
Recently, Wedbush analyst Daniel Ives maintained a Buy rating on Tesla with a price target of $1,400 (27.9% upside potential).
The Street has a Hold consensus rating on TSLA stock based on 12 Buys, 6 Holds, and 7 Sells. The average Tesla price target of $938.52 implies 14.3% downside potential. Shares of the company have gained 92.5% over the past year.
TipRanks’ Website Traffic tool, which uses data from SEMrush Holdings (SEMR), the world’s biggest website usage monitoring service, offers insight into TSLA’s performance.
In October, Tesla website traffic recorded a 13.2% year-over-year decline in monthly unique visits. However, year-to-date website traffic growth increased 1.7%, compared to the same period last year.
The cost of batteries, which are a key building block of electric vehicles, has declined considerably in recent years. Per Bloomberg New Energy Finance, EV industry average battery prices have declined from an average of around $384 per kilowatt-hour (kWh) in 2015 to about $137
San Francisco's public transit operator has challenged an application by Cruise to charge for robotaxi rides, saying on Wednesday promotional videos from the General Motors Co unit show Cruise passengers illegally hopping in and out of vehicles in the middle of the street instead of at the curb.
On today's show, Motley Fool contributor Jason Hall joins host Nick Sciple to talk about Stem Inc. (NYSE: STEM) and how it's using software to stand out in the emerging market for battery storage technology.
Wall Street's main indexes rebounded more than 1% on Wednesday as investors appeared to look past concerns over rising inflation and the new Omicron coronavirus variant, while shares of Merck rose on progress in approval of its COVID-19 pill.
What happened
Shares of Tesla (NASDAQ: TSLA) raced out of the gate Wednesday morning, climbing 2.3% in the first couple minutes of trading before beginning to fall back.
The S&P 500 and the Nasdaq jumped more than 1% on Wednesday following a sharp sell-off triggered by concerns over rising inflation and the new Omicron coronavirus variant, while shares of Merck rose on progress in approval of its COVID-19 pill.
The topsy-turvy market action we've seen over the past week continued on Wednesday morning, with many market participants breathing a sigh of relief as stocks looked poised to climb and regain some of their losses from Tuesday. As of 9 a.m. ET, futures contracts on the Dow Jones
Wall Street's main indexes were set to bounce back on Wednesday following a sharp sell-off triggered by concerns over rising inflation and the new Omicron coronavirus variant, while shares of Merck rose on progress in the approval of its COVID-19 pill.
The S&P 500 is up 25% so far this year. That's after a 16% 2020 gain despite the COVID-19 pandemic. Gains this high are not normal, as the market tends to average around 8% a year over the long term.What's even more remarkable is that the 10 largest components of the S&P
Move over Tesla, here comes another company you can love or hate but cannot simply ignore. Having delivered less than 200 vehicles so far, Rivian Automotive (NASDAQ: RIVN) sports a market capitalization of roughly $100 billion. As has been widely covered in the media, the company
Stellantis NV Chief Executive Carlos Tavares said external pressure on automakers to accelerate the shift to electric vehicles potentially threatens jobs and vehicle quality as producers struggle to manage the higher costs of building EVs.
Wall Street's main indexes were set to bounce back on Wednesday following a sharp selloff triggered by concerns over rising inflation and the new Omicron variant, while shares of Merck jumped on progress in approval of its COVID-19 pill.
The CEO of Swedish payments firm Klarna said he is wary of the short-term focus of public markets and the tendency of some activist hedge funds to dictate corporate direction while lacking deep industry knowledge, but told Reuters that his firm plans to go public eventually.
Although the once white-hot returns of investing guru Cathie Wood's Ark Investment exchange-traded funds have cooled off considerably in 2021 as the market rotated into more consumer-oriented stocks, she remains a fairly astute and sharp fund manager.
Reddit investors get dumped on because they cling to notions that monied interests are holding back their favorite meme stocks and endlessly cheer the next big short squeeze.
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