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2023-07-11 13:43:45 ET Automobile sales in China rose 4.9% year-over-year in June to 2.62M for the broad category that includes passenger and commercial vehicles, according to the China Association of Automobile Manufacturers. However, monthly retail sales fell 2.8% during the month. New en...
2023-07-10 22:25:05 ET Summary Mobileye is not the hot growth stock it used to be anymore as revenue is estimated to grow only 15% in 2023. The stock tanked 17% after the company lowered its guidance for 2023 due to a reduction in expectations for SuperVision volumes and a softer ...
2023-07-10 09:21:50 ET Summary I believe Tesla, Inc. will continue to dominate the EV market in the coming years due to its first-mover advantage, economies of scale, and potential full self-driving technology. Despite increasing competition and potential commoditization of EVs, T...
2023-07-07 20:00:46 ET Summary Contrary to popular opinion, Tesla, Inc. is losing in autonomous drive. Ford Motor Company is one of the most leveraged automakers in the world and is generating excessive recalls. With just a 1.4% earnings yield, there seem to be misconceptions ...
2023-07-07 08:51:43 ET Summary Global electric car sales for May 2023 were up 50% YoY to 16% share - China sales were up 54% to 35% share, Europe was up 38% to 23% share, USA was up 68% to 8% share. EV market news - Ford, GM and Rivian, Volvo & Polestar to join Tesla's EV char...
2023-07-06 18:56:52 ET Canada's government said Thursday it agreed to dole out as much as C$15B (~US$11.3B) in incentives to Stellantis ( NYSE: STLA ) for an electric vehicle battery plant, topping the C$13B in state aid over a decade previously offered to Volkswagen ( OTCPK:V...
2023-07-06 12:32:56 ET Volkswagen AG ( OTCPK:VLKAF ) launched its first autonomous vehicle test program in the U.S. with 10 all-electric ID. Buzz vehicles set to roam Austin, Texas in July. The ID. Buzz vehicles are outfitted with an autonomous driving technology platform developed by t...
2023-07-05 06:50:54 ET Volkswagen ( OTCPK:VWAGY ) announced the brand aims to make significant gains in South America with a major product offensive. The German automaker plans to grow the Brazilian market by 40% by 2027. Before the end of 2023, the company is bringing its first ful...
2023-07-03 10:59:52 ET Summary Royal Gold is buying a royalty package on two base metal mines in Brazil. The acquisition will facilitate the IPO of a new base metal mid-tier miner. We look at the details, and attempt a valuation. Private equity funds associated with Ap...
2023-06-29 14:17:42 ET Volkswagen ( OTCPK:VLKAF ) subsidiary Electrify America is the latest major player in the electric vehicle industry to announce it will add the North American Charging Standard connector to its charging networks in the U.S. and Canada as part of the company's over...
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