In Shanghai, China, on August 4, 2023, a Nio pop-up store is pictured. This store serves as a symbol of the booming Chinese electric car market. Chinese electric car companies Nio, Xpeng, and Li Auto have all announced that they have delivered enough vehicles in August to meet their third quarter guidance. These companies are …
BMW unveiled its Vision Neue Klasse electric vehicle at the IAA motor show in Munich, Germany, marking its entry into the electric vehicle market. The move is part of BMW’s effort to compete with Chinese companies and catch up with Tesla. Mercedes-Benz also showcased its Concept CLA Class, an electric vehicle with an impressive range …
Here are the companies that are making waves in midday trading: 1. Best Buy: Shares of Best Buy surged by almost 6% after the retailer reported better-than-expected earnings for its fiscal second quarter. The company’s adjusted earnings per share came in at $1.22, beating the analysts’ consensus estimate of $1.06. Additionally, Best Buy’s revenue of …
Nio’s ET5 is showcased at the Central China International Auto Show on May 25, 2023, in Wuhan, China. Image Source: Getty Images | Getty Images News | Getty Images Chinese electric vehicle manufacturer Nio experienced a loss of $835.1 million in the second quarter, which is more than double its loss from the previous year. …
Safra Catz, the Chief Executive Officer of Oracle Corporation, rang the opening bell at the New York Stock Exchange (NYSE) in New York City on July 12, 2023. Brendan Mcdermid | Reuters Take a look at the companies grabbing attention before the market opens. Oracle — The software giant’s stock surged 2.7% following an upgrade …
Nvidia, the U.S. chipmaker, exceeded expectations for its major revenue lines in its recent earnings report, with the exception of its automotive segment, which sells chip systems for assisted driving. The company’s CEO, Jensen Huang, had previously touted the automotive segment as its “next billion-dollar business,” but growth has slowed this year. The decline in …
American multinational skincare and beauty products brand Estée Lauder’s logo seen in Hong Kong. Budrul Chukrut | Lightrocket | Getty Images Explore the companies generating attention before the market opens on Friday. Palo Alto Networks — Shares of the cybersecurity company traded down 1.8% in premarket trading on Friday. Palo Alto Networks is expected to …
A Xpeng P7 electric car is on display during the 18th Guangzhou International Automobile Exhibition at China Import and Export Fair Complex on November 20, 2020 in Guangzhou, Guangdong Province of China. VCG | Visual China Group | Getty Images Shares of Xpeng were down over 6% in pre-market U.S. trade, as the Chinese electric …
Visitors admire a Tesla Model 3 car alongside a Model Y on display at a Tesla showroom in Beijing, China on February 4, 2023. Florence Lo | Reuters Tesla has announced a significant price reduction for its existing inventory of Model S and Model X cars in China, aiming to boost sales in the face …
An Alibaba Group sign is seen at the World Artificial Intelligence Conference in Shanghai, July 6, 2023. Aly Song | Reuters Take a look at the trending companies during midday trading. News Corp — The media company’s shares rallied nearly 4% after exceeding earnings expectations in the fiscal fourth quarter. News Corp reported adjusted earnings …