automotive

Tesla Inc's (NASDAQ: TSLA) assertion that the Cybertruck can outpace a Porsche 911 even while towing one has been scrutinized in a new YouTube video by an engineer known for his analytical approach to automotive performance. Contrary to the statement made at Tesla's high-profile...

Electric vehicle giant Tesla Inc (NASDAQ:TSLA) had an eventful 2023 with the first deliveries of its highly anticipated Cybertruck electric pickup truck. The company may have also hit a new world record thanks to its bestselling SUV. What Happened: Tesla recently announced fourth-quarter delivery...

Equity markets have been in retreat so far in 2024 as investors take profits following the strong run in the fourth quarter. Sentiment has been driven by concerns that an economic slowdown could hit corporate earnings in the coming quarters. On Wednesday, early index futures trading appeared to...

The auto industry has been in focus, with EV makers gaining attention. Auto volumes are likely to decelerate in 2024, after a year of “solid” growth in production and sales, with the easing of supply chain constraints, according to Goldman Sachs. The Auto Analyst: Mark Delaney...

Ouster, Inc. (NYSE: OUST) shares traded higher on Tuesday. The company has rallied recently, here's what you need to know. What To Know: Ouster stock has trended higher since November. One of the main highlights during the past two months was the company's third-quarter earnings report in...

U.S. stocks exhibited a positive trend on Thursday with the Dow rising 0.87% to 37,404.35. The S&P 500 rose 1.03% to 4,746.75 and Nasdaq gained 1.26% to 14,963.87 for the day. Transitioning to individual stock performances, These are the top stocks that gained the attention of retail traders...

General Motors was riding high today following its announcement on Wednesday of further shareholder returns and the reinstatement of its full-year guidance. Shares in General Motors Co (NYSE:GM) were up 0.76% at $31.83 on Thursday, following a 9.4% surge in the previous trading session. The company...

The United Auto Workers union has initiated a campaign to unionize workers at 13 non-union automakers across the United States. This initiative, announced on Wednesday, aims to bring nearly 150,000 autoworkers from major companies including BMW (OTC: BMWYY), Honda (NYSE: HMC), Hyundai (OTC: HYMTF...

One of the most anticipated automotive launches of all time is set for Thursday, with Tesla Inc (NASDAQ:TSLA) set to make the first deliveries of the Cybertruck electric pickup truck. The event is several years in the making and comes after several delays. Here's a look back at the Cybertruck...

Auto analysts from BofA Global Research see more upside in General Motors Co‘s (NYSE:GM) stock than other major auto OEM players. GM stock offers 165% upside from current levels, according to BofA analyst John Murphy. Murphy’s price objective for GM is $75, based on an EV/EBITDAP...

Tesla, Inc. (NASDAQ:TSLA)’s Cybertruck launch event is exactly a week away. CEO Elon Musk amped up expectations by providing an update Wednesday on the logistics of the much-awaited electric pickup truck, and an analyst who is uber-bullish on the vehicle offered his take on the potential...

U.S. stocks showed a positive trend on Wednesday. The Dow Jones index rose by approximately 184 points, marking an increase of 0.5% to 35,273.03. Similarly, the NASDAQ index climbed 0.46% to 14,265.86, while the S&P 500 also experienced growth, gaining 0.41% to 4,556.62. This upward movement in...

The October nonfarm payrolls report released Friday shows an increase of 150,000 jobs and an unemployment rate of 3.9%. Yet the piece of the report that steals the spotlight is the the 33,000-job decline in the motor vehicles and parts manufacturing space, courtesy the UAW strike. The 33K-Job Gap:...

On November 1st, Toyota Motor Corporation (NYSE: TM) lifted its full-year fiscal outlook on the back of strong hybrid demand as the Japanese automotive giant is primed to benefit from a slowdown in EV demand in the U.S. Although EV sales have slowed down, the sector continues to bring...

On October 30th, Tesla Inc (NASDAQ: TSLA) rival, BYD Company Limited (OTC: BYDDY), reported its highest ever quarterly profit for its third quarter. BYD shares are up 1.7% this month, outperforming Tesla whose stock took a 17% dive and declines in other peers as well. By reporting a...