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“#Apple Car most likely won’t come before 2028: top analyst” A prominent Wall Street analyst says investors shouldn’t hold their breath for an Apple car any time soon. Ming-Chi Kuo said in a research note this week that the market is “too bullish” on reports of Apple getting into the automotive game, and called the…
“#Tesla stock slides on first day in S&P 500” Tesla’s stock price lost some charge in its S&P 500 debut — but Elon Musk’s electric-car colossus is nowhere near out of juice, analysts say. Shares in the trailblazing automaker slid as much as 6.3 percent to $651.20 on Monday, dragging down the benchmark index amid…
“#Unplugged Cadillac dealers ditch brand” About 150 General Motor Co. dealers are parting ways with Cadillac instead of investing in costly upgrades required to sell electric cars, according to FOX Business. GM recently gave the dealers the choice: accept a buyout ranging from $300,000 to more than $1 million to exit the brand or spend about…
“#Elon Musk says Tesla must focus on profits to avoid stock crash” Tesla’s stock is up nearly sixfold this year, and that makes Elon Musk nervous. The electric automaker’s CEO has told employees that the company must focus on its profit margins lest investors turn their backs on the shares. “Investors are giving us a…
“#Nikola stock plummets after CEO dodges questions on GM deal” Nikola’s stock price plunged Wednesday after CEO Mark Russell refused to offer assurances that the electric-truck maker’s partnership with General Motors had not fallen apart. Shares in the Arizona-based startup sank about 15.4 percent to $29.20 in premarket trading as of 8:53 a.m. after Russell…
“#Hybrid cars emitting much more CO2 than advertised” Top auto brands are getting smoked by environmental analysts who have found that their carbon emissions are much higher than what carmakers had reported. The European group Transport and Environment (T&E), which campaigns for renewable energy in transportation, found three top-selling plug-in hybrid SUVs — BMW’s X5,…
“#Dutch students build electric car from recycled material” EINDHOVEN – Dutch students have created a fully functioning electric car made entirely out of waste, including plastics fished out of the sea, recycled PET bottles and household garbage. The bright yellow, sporty two-seater which the students named ‘Luca’, can reach a top speed of 56 miles…
“#Nikola discloses subpoenas from DOJ, SEC and New York DA” Electric-truck maker Nikola revealed late Monday that it was hit with a grand jury subpoena from the Justice Department in September amid accusations that the company has lied about its technology. The embattled startup’s former CEO Trevor Milton — who left the company following a slew of…
“#Elon Musk says Tesla was month away from bankruptcy in 2018” As recently as 2019, Tesla was teetering on the edge of bankruptcy. The revelation came in the form of a tweet from CEO Elon Musk, who spent part of Election Day interacting with fans on the social network. Asked by one user how close…
“#Ferrari stock soars as CEO says company has no plans to go electric” Ferrari’s shares are firing on all cylinders — and its cars will be guzzling gas for the foreseeable future. The Italian luxury automaker’s shares surged more than 7 percent Tuesday after it reported strong demand for its highly profitable sports cars such…