The 2024 presidential election has put a bright spotlight on Michigan's automotive industry. With the state being a crucial swing state and home to 1. 1 million automotive jobs, both Vice President Kamala Harris and former President Donald Trump have made frequent appearances there to win voters' fa
Tesla's stock had a stellar week, closing at its highest price in 13 months. On Friday, shares jumped by 3. 4%, ending the day at $269. 19. This uptick came after a massive 22% surge on Thursday, following Tesla's impressive third-quarter earnings report. The company, led by Elon Musk, exceeded anal
On Friday, Tesla's stock price hit its highest point in more than a year. This followed a substantial rise the day before, making it the best two-day performance since 2013. Investors were thrilled with the company's third-quarter results. Tesla shares jumped 2. 8% on Friday morning, reaching $267.
` Ever heard of Scout Motors? Well, they're back in action, and this time, they're going electric! Scout, originally part of International Harvester, is now owned by Volkswagen Group. They're planning to launch two new vehicles: the Traveler SUV and the Terra pickup truck. These aren't your typical
Tesla has finally revealed its vision for the future of self-driving cars with the Tesla Cybercab. This car is designed to be fully autonomous, meaning no steering wheel or pedals are needed. The Cybercab was showcased at Tesla's "We, Robot" event, giving us a glimpse into what the company thinks tr
JPMorgan has some interesting news for investors. They think EVgo, a company that owns and runs fast electric vehicle chargers, might see its stock value jump by nearly 80%. This is due to their unique business model. On Thursday, the firm raised their rating on EVgo's shares from neutral to overwei
On Friday, the European Union took a significant step in its ongoing investigation into Chinese electric vehicle (EV) subsidies. The EU voted to adopt definitive tariffs on China-made battery electric vehicles (BEVs). This move follows the launch of an anti-subsidy probe back in October 2023, which
Berenberg Bank analyst Tammy Qiu recently gave Infineon Technologies AG (IFNNF) a Buy rating, with a price target of €38.00. The company's shares closed at $33.80 yesterday. Qiu is known for her accuracy, with an average return of 16.6% and a success rate of 63.9%. She covers tech stocks like Infine
The companies making headlines before the bell include Wolfspeed, Nvidia, Hims & Hers Health, EVgo, Levi Strauss, Constellation Brands, and Stellantis. Here is a breakdown of the news: Wolfspeed: The semiconductor stock fell nearly 5% after Mizuho downgraded it to underperform from neutral, citing
Ford is shaking off the uncertainty surrounding electric vehicle adoption with a new initiative called the "Ford Power Promise." The company is offering complimentary home chargers and installation to customers who opt for new EVs. This perk aims to ease the minds of potential customers who are stil
