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2024-05-08 09:11:18 ET Summary Rivian's Q1 earnings show negative operating income and a widening net loss, leading to a sharp decrease in cash reserves. The company's gross loss per vehicle delivered improved but is still a significant weakness compared to competitors like Tesla....
2024-05-08 07:04:36 ET More on Daimler Truck Daimler Truck Holding AG: Mediocre Returns Are All That Investors Should Expect Daimler Truck Holding AG (DTRUY) Annual Results Conference Transcript Daimler Truck, United Auto Workers strike deal, averting strike ...
2024-05-07 11:56:20 ET Summary Global electric car sales March 2024 up 3% YoY to 13% share. China sales up 29% to 43% share. Europe up 10% to 20% share. USA up 19% to 9.39% share. EV market news - EVs dominate the Beijing Auto Show 2024. IEA report: More than 1 in 5 cars sold glob...
2024-05-07 05:00:00 ET Summary The Artificial Intelligence frenzy sent stocks to record highs 22 times in Q124, with nearly one-third of the S&P 500 citing “AI” in earnings calls. Companies worldwide invested $153.85B in AI in 2023. The AI-centric tech solutions ...
2024-05-04 08:00:00 ET More on Ford Motor Ford: Being A Legacy Automaker Is Fashionable Again Ford Stock: The Battery Is Dead And It's Out Of Gas (Technical Analysis) Ford Motor Company (F) Q1 2024 Earnings Call Transcript Ford faces preliminary NHTSA probe o...
2024-05-03 18:32:35 ET Lidar sensor maker Luminar Technologies ( NASDAQ: LAZR ) disclosed on Friday it will lay off about 20% of its workforce amid a shift to a more "asset-light" model.... Read the full article on Seeking Alpha For further details see: Lida...
2024-05-03 10:45:09 ET The U.S. Treasury and Internal Revenue Service have extended tax credits for electric vehicles containing Chinese graphite for another two years allowing EV makers more flexibility to manufacture and sell vehicles that are eligible for the $7,500 tax credit. ... ...
2024-05-02 09:00:00 ET Summary Ford investors showed why being a legacy automaker is sustainable. Ford has a profitable core business bolstered by an increasingly robust Ford Pro commercial business. Ford can manage its EV investments prudently as growth and adoptions slow. ...
2024-05-01 11:35:00 ET Summary Ford Motor and General Motors’ combined U.S. sales of electric vehicles haven’t grown since late 2022, despite them investing billions of dollars. Look closer at the first-quarter results they reported this week, though, and their reven...
2024-04-29 10:45:28 ET Read the full article on Seeking Alpha For further details see: U.S. and Canadian hotel workers plan May Day rally for higher pay, increased staffing
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2024-07-23 18:30:02 ET Goldman Sachs analyst issues BUY recommendation for GM on July 23, 2024 05:25PM ET. The previous analyst recommendation was Buy. GM was trading at $46.38 at issue of the analyst recommendation. The overall analyst consensus : BUY. Current analy...
The S&P 500 hovered near the flatline Tuesday as traders readied for earnings reports from major technology behemoths. The Dow Jones Industrials changed course and fell 57.35 points to 40,358.09. The much-broader index subtracted 8.67 points to 5,555.74. The NASDAQ slid 10.22 poin...
The S&P 500 edged higher Tuesday, with traders readying for earnings reports from major companies, after the benchmark posted its best day in more than a month. The Dow Jones Industrials galloped 93.29 points to 40,508.73. The much-broader index gained 16.76 points to 5,581.47. Th...