EV

The latest earnings reports from Rivian Automotive (NASDAQ: RIVN) and Lucid Group Inc (NASDAQ: LCID) made two things clear. The first is that pure play EV makers are continuing to struggle, burning a ton of cash along the way. The second is that having wealthy backers makes the...

U.S. equities were little moved on Tuesday as investors continued to assess the potential for interest rate cuts following the latest economic data and comments from Fed Chair Jerome Powell. Speaking at the European Central Bank (ECB) forum in Portugal, Powell welcomed recent progress on...

Tesla Inc. (NASDAQ:TSLA) is set to announce a new lineup of vehicles in the coming weeks, and initial analyst estimates once again support Elon Musk‘s vision of targeting new consumer segments and expanding the growth potential of the EV maker. At its annual shareholder meeting on June 13,...

NIO Inc. (NYSE:NIO) shares are trading higher in the premarket session on Tuesday. According to Benzinga Pro, NIO stock has lost over 34% in the past year.  Over the weekend, the company reportedly achieved a milestone by delivering its 200,000th ES6, coinciding with the...

New staffing adjustments are reportedly underway within XPeng Inc.‘s (NYSE:XPEV) sales team, signaling challenges in the company’s shift to a more dealer-dependent model. Gu Yuanqin, former XPeng vice president of financial platform operations and management, has assumed the role of...

On Tuesday, Xpeng Inc (NYSE: XPEV) reported its first fiscal quarter results that showed it did a great job of narrowing its loss on the back of higher EV deliveries and improved margins. Upon the results, XPeng’s shares rose 13%. First Quarter Highlights For the quarter ended in March,...

Editor’s Note: The Tesla ticker has been corrected to TSLA. Trading expert and author Anne-Marie Baiynd joined Benzinga's YouTube on Tuesday to discuss current option trade ideas. Baiynd highlighted three separate potential Tesla Inc (NASDAQ:TSLA) option trades on the show that could help...

Tesla, Inc. (NASDAQ:TSLA) shares are trading higher on Tuesday. The EV behemoth, owned by billionaire Elon Musk, reportedly faces escalated tensions as Sweden’s most prominent union backs a six-month-old strike by mechanics, amplifying disputes with organized labor, Reuters...

It's been a quiet week in the markets, marked by a dearth of major economic news and a consistent flow of positive indicators from the first-quarter earnings season. As of May 7, 424 companies in the S&P 500 have disclosed their earnings, with 78% surpassing earnings expectations and 61%...

Stocks surged higher on Thursday, with the S&P 500 index aiming to snap a four-day losing streak as investors assess the latest wave of corporate earnings. During midday trading in New York, all major indices were in the green. Notably, small caps, as tracked by the iShares Russell 2000 ETF (...

March data showed that passenger-car sales in Europe fell 2.8%. On Thursday, the European Automobile Manufacturers’ Association (ACEA) revealed that registrations of new vehicles declined 5.2% to 1.38 million units in March, with BEV sales dropping 11.3%. This data reflects the stories told...

Key Takeaways: Niu Technologies said its unit sales at home and abroad rose more than 30% in the first quarter, following a tough 2023 when its revenue fell 16% The electric scooter maker’s shares jumped 34% from an all-time low in the week following the announcement By Edith Terry Niu...

With many concerns in the air about the EV revolution running out of steam as even the EV king, Tesla Inc (NASDAQ: TSLA) came short of estimates as it posted its first deliveries drop in four years, Volkswagen AG (OTC: VWAGY) and Bayerische Motoren Werke Aktiengesellschaft (OTC: BMWYY) provided...

At the recent BofA Securities 2024 Automotive Summit, General Motors Chief Financial Officer Paul Jacobson provided an insightful overview of the company's current position and future outlook, particularly in relation to its electric vehicle (EV) production and capital allocation strategies....

The meteoric rise of Nvidia Corp. (NASDAQ:NVDA) in the stock market is drawing parallels with the historic surge of Tesla Inc. (NASDAQ:TSLA), sparking concerns about the sustainability of the AI frenzy. What Happened: As Nvidia’s stock continues to soar, some investors are drawing parallels...