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Cruise, the robotaxi division of General Motors Company ( GM Stock ), intends to enter a “large number of markets” and scale operations up to “thousands of vehicles” in the year 2023, according to statements made by Chief Operating Officer Gil West to Reuters. ...
Ford ( NYSE:F ) On Wednesday, Ford ( NYSE:F ) announced that the business has completed the manufacture of its 150,000th Mustang Mach-E since the model first began production over two years ago. As the company scales up production of electric vehicles, al...
When the price of Tesla stock ( NASDAQ:TSLA ) fell by 48% in 2022, Baird carefully looked at how much it was worth. While Tesla’s stock price remains high on every valuation metric when compared with traditional auto manufacturers, “Given TSLA’s YTD decline, we no...
Even though the third-quarter financial reports fell short of forecasts, XPeng stock ( NYSE:XPEV ) surged to a double-digit increase. The Chinese EV maker reported a loss on top and bottom lines as well as a 90 basis point reduction in gross margins for the third quarter. Vehicle deli...
Xpeng ( NYSE:XPEV ) The quarterly earnings report for Xpeng ( NYSE:XPEV ) is set to be released on Wednesday, November 30, before the market’s opening. The consensus estimate for earnings per share is now at -$0.28 (a Y/Y decrease...
In this article, I’ll talk about Tesla stock’ s underperformance in the short term, its growth prospects over the next five years or so, and how much it’s worth. In the last month or so, Tesla ( NASDAQ:TSLA ) hasn’t done as well as it co...
Tesla Inc (TSLA stock) is working on a revised version of the Model 3, with the goal of reducing production costs and increasing the attractiveness of the electric car, which is already five years old. According to the people, who requested anonymity because the redesign has not yet...
EATONTOWN, N.J., Nov. 07, 2022 (GLOBE NEWSWIRE) -- The Board of Directors (the "Board") of Climb Global Solutions, Inc. (NASDAQ:CLMB) (“Climb” or the “Company”), a value-added global IT channel company providing innovative sales and distribution solutions for eme...
Carvana Stock ( NYSE:CVNA ) Shares of Carvana ( NYSE:CVNA ) dropped significantly during Thursday’s after-hours trading session as the company’s massive losses remained and unit sales slowed in the third quarter . On top of that, managemen...
Ford’s ( NYSE:F )–2.43% October sales release perfectly illustrates what’s going on in the broader car business: Electric vehicles are hot, and supply-chain snarls continue to constrain global car production while adding volatility to the results of all automakers...
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CALGARY, Alberta, June 21, 2024 (GLOBE NEWSWIRE) -- Carbeeza Inc. (" Carbeeza " or the " Company ") (TSXV:AUTO) (OTCQB: CRBAF) announces today that it has received a Statement of Claim filed by Northern Micro Inc. and IDX Systems Corp. in the amount of approximately $2,175,000, claime...
CALGARY, Alberta, Feb. 01, 2023 (GLOBE NEWSWIRE) -- Carbeeza Inc. (the "Company"; TSX.V: AUTO) is pleased to announce that the Company has officially started onboarding of franchise dealerships in the Yukon. Onboarding of the Yukon demonstrates Carbeeza’s continued growth across Cana...
Tesla Stock ( NASDAQ:TSLA ) Tesla, Inc. ( NASDAQ:TSLA ) announced on January 12 that the prices of four of its car models would be going down. The announcement comes after a time when people in its home country bought fewer of its cars and when competition from traditi...