Text size A rear-drive Tesla Model 3 costs around $43,000 to start. Allison Dinner/Getty Images Automakers loved it when the US government rolled out its $7,500 tax credit for people who buy electric vehicles. Now the sector may not be so sure how it feels. Thursday, EV press briefing Electrekciting people familiar with the matter, … Read more
Text size Wall Street is not happy with the recent performance of Rivian or Rivian stocks. Justin Sullivan/Getty Images Rivian Automotive the stock trades much worse than most of its peers. Sales and products are not the problem. It is spending. The company needs a plan to control cash and improve investor sentiment. Wall Street … Read more
GameStop shares soared late in trading on Tuesday after the video game retailer reported a strong quarter. Jim Watson/AFP via Getty Images Text size GameStop announced a surprise fiscal fourth-quarter profit, sending the stock soaring late in trading on Tuesday. The company reported earnings of 16 cents per share, compared with a loss of 49 … Read more
Arrives within a week You’re here was a rotten credit rating at Moody’s, even though Tesla’s financial performance was much better by Moody’s own calculations. That changed Monday night after Moody’s upgraded its rating on the electric vehicle maker. Still, investors might wonder why the rating isn’t even higher. Elon Musk seems to be the … Read more
Text size Rivian’s enterprise value is behind fellow electric vehicle start-ups Lucid, Polestar and Fisker. Kevin Dietsch/Getty Images Stock in Electric Truck Starter Rivian Automotive is trading terribly, over 80% off its IPO price of $78 per share and over 90% off all-time highs. The shares are also trading much worse than shares of other … Read more
For many electric vehicle startups, the past year has been marked by supply chain constraints and manufacturing issues that have hampered their efforts to get off the ground quickly. Earnings results over the past few weeks for these electric vehicle makers have illustrated the urgency of their predicament. While these companies are now churning out … Read more
Text size Tesla held its 2023 investor event at its new assembly plant in Austin, Texas. AFP via Getty Images You’re here hosted its long-awaited and lengthy analyst and investor meeting on Wednesday. There was a lot to digest: topics ranged from energy physics to manufacturing. But the session missed something important and the title … Read more
Text size Tesla held its 2023 investor event at its new assembly plant in Austin, Texas. AFP via Getty Images You’re here hosted its long-awaited and lengthy analyst and investor meeting on Wednesday. There was a lot to digest: topics ranged from energy physics to manufacturing. But the session missed something important and the title … Read more
AUSTIN, Texas—Elon Musk aims to rally Tesla Inc. TSLA -0.92% investors around its strategy to outsmart the competition as the electric vehicle leader strives to become the world’s largest automaker. Tesla’s chief executive is set to deliver his pitch on Wednesday at an investor event held at the company’s factory near the Texas capital. Tesla … Read more
AMC Entertainment Holdings Inc. reported a 14th straight quarter and fourth straight year loss on Tuesday, and shares rebounded in after-hours trading. The movie theater chain and meme-stock phenomenon beat Wall Street’s cut targets for the holiday quarter, posting a net loss of $287.7 million, or 26 cents a share, from a net loss of … Read more
