Tag: Electric Vehicle

Tesla has cut output of its best-selling Model Y electric car by a double-digit percentage number at its Shanghai plant since March, according to industry data and a source.

Lucid Group will reduce its workforce in the United States by 6%, or around 400 employees, it said on Friday, becoming the latest electric-vehicle maker to cut jobs as the industry grapples with slower growth.

Rivian Automotive stock was sliding after the company reported earnings after the close on Tuesday.

Lucid Group forecast higher capital expenditure this year and reiterated an annual production forecast below Wall Street targets on Monday amid slower-than-expected EV demand, sending its shares down nearly 9% in extended trading.

Investors like delivery results from NIO  the best of its peers. Shares were up in early trading as growth for the electric-vehicle maker accelerated.

Shares of Tesla rose sharply in U.S. premarket trading on Monday after the electric car maker passes a significant milestone to roll out its full self-driving technology in China.

Tesla on Wednesday asked its shareholders to once again approve CEO Elon Musk’s record-breaking $56 billion pay that was set in 2018, but was rejected by a Delaware judge in January.

Tesla stock fell Monday as investors digested news about potential production problems and potential layoffs amid slowing growth for electric vehicles and rising geopolitical tensions.

Tesla stock briefly dived in midday trading Friday after Reuters reported the electric-vehicle company wouldn’t build the lower-priced all-electric vehicle Wall Street refers to as the Model 2.

Tesla will send a team to India this month to scout locations for an EV plant, estimated to be worth $2 billion to $3 billion, Financial Times reported on Wednesday.

Chinese electric vehicles maker BYD has slowed down its plans to build an EV factory in Vietnam, a manager of the industrial park where the plant would be built told a shareholders meeting on Thursday.

Tesla stock was falling Friday amid more bad news from China that has investors worried about electric-vehicle demand —again.

Tesla stock was rising in early trading Wednesday as it hiked prices on more Model Y cars.

Shares of Tesla Inc. got a nice bump up Monday, after the electric-vehicle giant said it was raising prices on its lower-cost Model Y vehicles in the U.S.

Tesla stock was rising in early trading Monday, heading for an upbeat start to the week.

Chinese electric-vehicle maker NIO reported weaker-than-expected quarterly earnings. 

Brandenburg police told CNBC that the incident initially looked like arson and added that it is currently investigating who is responsible.

Shares of Nio Inc. rose Friday, while those of fellow China-based electric vehicle maker Li Auto Inc. fell, after the companies both reported February deliveries that fell from last year and last month.

Tesla on Friday raised prices of certain Model Y vehicles in the United States by $1,000, according to its website.

BYD the Warren Buffett-backed company that overtook Tesla as the biggest maker of electric vehicles last year, may buy back twice as many shares as previously suggested as it tries to boost its stock price.