Here's why GM's electric vehicle push is a big risk

General Motors' aspiration to stop selling fuel-burning cars by 2035 could put a big dent in its overall market share if it doesn't considerably boost sales, some auto industry analysts think. While electric cars are in vogue, and companies like Tesla command share prices that could make a legacy automaker envious, automotive insiders continue to […]

Months-long delivery delays confound would-be Tesla owners

Some Tesla customers are experiencing waits of weeks or months for their cars, and Tesla's promised delivery dates keep slipping. One salesperson in California said staff is doing its best to answer questions about the delay, but does not have enough information from higher-ups to give precise answers customers are requesting. The continuing delays are […]

Stocks making the biggest moves midday: Tesla, Zoom, Hasbro, Philips and more

Check out the companies making headlines in midday trading. Hasbro — Shares of the toymaker soared more than 12% after beating on the top and bottom lines of its quarterly results. Hasbro reported earnings of $1.05 per share, topping estimates by 58 cents, according to Refinitiv. Revenue came in at $1.32 billion, compared to the […]

Tesla set to begin deliveries of its new Model S Plaid

Tesla is set to kick off deliveries of its Model S Plaid, a new high-performance version of its flagship electric sedan on Thursday. CEO Elon Musk had hyped the months-delayed vehicle as the "quickest production car ever made" in weeks before the event. In this article TSLA Tesla was poised to start deliveries of its […]

Dogecoin plunges nearly 30% during Elon Musk's SNL appearance

Dogecoin falls as much as 29.5%, dropping to 49 cents, during Elon Musk's SNL debut. During the frenzied sell-off, Robinhood experienced an outage in its crypto trading. In this article DOGE.CM= As Elon Musk – the self-proclaimed "Dogefather" – made his "Saturday Night Live" debut, the price of dogecoin fell off a cliff. The meme-inspired […]

India woos Tesla with offer of cheaper production costs than China

India is ready to offer incentives to ensure Tesla's cost of production would be less than in China if the carmaker commits to making its electric vehicles in the south Asian country, transport minister Nitin Gadkari told Reuters. Gadkari's pitch comes weeks after billionaire Elon Musk's Tesla registered a company in India in a step […]

Hunt for the Next Tesla Fuels Wave of Electric-Vehicle Deals

Wall Street’s obsession with electric vehicles is touching off a new round of public listings and prompting clean-tech companies to forge partnerships with powerful allies. Proterra Inc., which makes electric buses and battery systems, on Tuesday said it will go public through special purpose acquisition company ArcLight Clean Transition Corp., the latest in a wave […]

Tesla China Rival Nio Ups Competition With New Electric Sedan

Chinese electric-car maker Nio Inc. is pitting itself further against market leader Tesla Inc., unveiling its first sedan in direct competition with the U.S. company’s most popular model and other international competitors. The all-electric sedan ET7, released by Nio founder and Chief Executive Officer William Li at a company event in Chengdu on Saturday evening, […]

Tesla Eyes Another Milestone as Valuation Nears Facebook’s

Tesla Inc. shares rallied on Wednesday, extending a recent advance that has brought the electric-vehicle company’s market value within striking distance of matching Facebook Inc.’s. Shares of Tesla rose 4.8%, giving it a market capitalization of more than $730 billion. Facebook declined 2%, taking its valuation to roughly $756 billion. Tesla currently stands as the […]