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Ford Plant Faces Strike As UAW Rallies Workers To Resolve Demands
Friday, February 16, 2024 - 6:01pm | 626The United Auto Workers (UAW) threatened to strike at a Ford Motor Company (NYSE:F) plant in Kentucky if union demands aren't resolved within the next seven days. What Happened: The Detroit union on Friday confirmed that nearly 9,000 UAW autoworkers at Ford's Kentucky Truck Plant — the company...
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Stellantis Delivered Record Financials Despite Getting Bitten By The UAW Strike
Friday, February 16, 2024 - 9:36am | 698Despite the hit made by the six weeks-long UAW strike, Stellantis N.V. (NYSE: STLA) reported otherwise strong earnings for the full year. But the global auto giant reported a profit drop during the second half of 2023 due to halted production. Stellantis Still Delivered Record 2023...
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Tesla's Cybertruck A Force Despite Ford, Rivian Buzz: Global Automotive Survey Reveals Electric Vehicle Trends
Thursday, February 8, 2024 - 12:10pm | 491JPMorgan’s latest Global Automotive survey unveiled intriguing insights into the evolving landscape of electric vehicles (EVs), with a particular focus on Tesla Inc‘s (NASDAQ:TSLA) position and the reception of its Cybertruck. The survey, spanning eight countries and over 6,000...
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GM's Cruise, AV Industry Under Scrutiny In California As Driverless Vehicle Reps Attend Hearing
Tuesday, February 6, 2024 - 12:49pm | 730With its fleet of robotaxis currently parked following an accident with a pedestrian in October, can Cruise, the autonomous vehicle (AV) operator, recover the reputational damage the incident has caused — not just for the GM (NYSE:GM)-owned company, but for all operators of AVs? This is what GM is...
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Ford Q4 Earnings Preview: Earnings Estimates, Analysts Concerns, Electric Vehicles, UAW Strike Impact In Focus
Monday, February 5, 2024 - 6:13pm | 873Leading automotive company Ford Motor Co (NYSE:F) will report fourth-quarter financial results after market close on Tuesday, Feb. 6, 2024. Here's a look at the key estimates from analysts for the fourth quarter, what analysts are saying and key items for investors to watch. Earnings Estimates:...
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Tesla 'Erred' With This Move, Bull Analyst Says As He Reduces Expectations For EV Stock
Monday, February 5, 2024 - 1:22pm | 486Tesla, Inc. (NASDAQ:TSLA) shares fell sharply Monday and pulled back below the $180 level, dragged by a few catalysts, including a downward price target revision by Piper Sandler. The Tesla Analyst: Piper Sandler analyst Alexander Potter maintained an Overweight rating and reduced the price target...
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Analyst Says Tesla Could Incorporate In Texas After Judge's Ruling On Musk Compensation: 'They Started It, We Will Finish It'
Friday, February 2, 2024 - 3:09pm | 675A Delaware judge recently voided a compensation plan for Telsa Inc (NASDAQ:TSLA) CEO Elon Musk from 2018, which was previously approved by the company's board of directors and shareholders. The decision has prompted Musk and Tesla to consider changing their incorporation from Delaware to Texas, the...
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Tesla Stock Just Made A Death Cross As Market Sentiments Shift
Friday, February 2, 2024 - 1:44pm | 695Investors in Tesla Inc (NASDAQ:TSLA), the electric vehicle pioneer, are closely monitoring a concerning technical indicator — the Death Cross. This bearish signal, a crossover of the 50-day moving average (yellow line above) below the 200-day moving average (blue line above), has historically been...
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Rivian Faces Technical Headwinds As Death Cross Looms In Stock Chart
Friday, February 2, 2024 - 11:34am | 547Investors in electric vehicle Rivian Automotive Inc (NASDAQ:RIVN) are closely observing a notable technical development that has emerged on the stock charts: the foreboding Death Cross. This bearish signal, marked by the 50-day moving average (yellow line above) slipping below the 200-day moving...
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Li Auto Leads NIO And XPeng In January 2024 EV Deliveries
Thursday, February 1, 2024 - 2:01pm | 707In the rapidly evolving landscape of electric vehicles (EVs), three prominent Chinese automakers — NIO Inc (NYSE:NIO), XPeng Inc (NYSE:XPEV), and Li Auto Inc (NASDAQ:LI) — have recently disclosed their January 2024 delivery figures. These statistics reflect their market performance and provide...
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Hyundai Workers In Alabama Join UAW Amid Unionization Drive
Thursday, February 1, 2024 - 12:11pm | 726Workers at the sole Hyundai Motor Co. (OTC:HYMTF) plant in the U.S., located in Alabama, have unionized with the United Auto Workers (UAW). What Happened: The UAW has successfully recruited 30% of the workforce at the Alabama Hyundai plant, reported The Hill on Thursday. This marks the third public...
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General Motors Stock Forms Golden Cross With Q4 Earnings Beat; Driven By Profits, Cost Efficiency, 6 EV Debuts
Wednesday, January 31, 2024 - 11:56am | 675General Motors Co (NYSE:GM) stock beat on EPS and revenue as it reported its fourth-quarter earnings on Jan. 30. Golden Cross On Chart Post Q4 Earnings Lifted by positive sentiments around the company, the stock just made a Golden Cross on the technical price charts. On Jan. 30, the 50-...
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Tesla CEO Elon Musk's Compensation In Limbo After Judge Voids $55-Billion Plan: 'Never Incorporate Your Company In Delaware' (UPDATED)
Tuesday, January 30, 2024 - 7:01pm | 729Editor’s note: This story has been updated with a quote from Elon Musk and further information from the judge’s opinion, and the headline has been updated. A shareholder challenge to a $55-billion pay package for Tesla Inc (NASDAQ:TSLA) CEO Elon Musk succeeded Tuesday. Judge Rules On...
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How Much Is A Cybertruck Worth To Used Car Buyer CarMax? YouTuber Shares Surprising Results
Tuesday, January 30, 2024 - 2:31pm | 658The YouTube channel "What's Inside? Family" — which has over two million subscribers — recently tested how much a Tesla (NASDAQ:TSLA) Cybertruck could fetch from used car purchaser and retailer CarMax Inc (NYSE:KMX). In the video, which currently boasts over 130,000 views, host Lincoln Markham said...
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GM Reignites Street Confidence In 'Key Quarter' For Automaker
Tuesday, January 30, 2024 - 2:17pm | 453Following General Motors Co.’s (NYSE:GM) better-than-expected fourth-quarter financial results, Wedbush analyst Dan Ives kept an Overweight rating on the stock, noting that he anticipated renewed Street confidence moving forward. What To Know: GM reported fourth-quarter revenue of $43 billion...