Check out the companies making headlines before the bell. Rivian Automotive — Shares surged 3.3% in premarket trading as Evercore ISI upgraded Rivian Automotive to outperform with a higher price target. The upgrade suggests that Rivian Automotive has the potential to become the next Tesla and BYD in the electric truck market. The Sphere is …
Tesla vehicles waiting to be loaded on board a cargo vessel at Nangang port, in Shanghai, China, on Sept. 6, 2023. Vcg | Visual China Group | Getty Images Tesla posted its third-quarter vehicle production and delivery report for 2023 on Monday. Here are the key numbers from the electric vehicle maker: Total deliveries Q3 …
Lorenzo Di Cola | Nurphoto | Getty Images The Supreme Court announced on Friday that it will address the constitutionality of Texas and Florida’s laws prohibiting social media companies from banning users due to potentially harmful rhetoric. Both states have passed legislation aimed at preventing tech giants such as Meta (formerly known as Facebook), X …
Tesla CEO Elon Musk arrives for a U.S. Senate bipartisan Artificial Intelligence Insight Forum at the U.S. Capitol in Washington, D.C., on Sept. 13, 2023. Andrew Caballero-Reynolds | AFP | Getty Images Check out the companies making headlines in midday trading. Tesla — The stock of Tesla, the leading electric vehicle company, rose 1.5% during …
Vehicles pass the Tesla Inc. assembly plant in Fremont, California, U.S., on Monday, May 11, 2020. David Paul Morris | Bloomberg | Getty Images The U.S. Equal Employment Opportunity Commission (EEOC) is taking legal action against Tesla. They accuse Elon Musk’s electric car company of violating federal law by allowing widespread and persistent racial harassment …
VinFast electric vehicles are parked before delivery to their first customers at a store in Los Angeles, March 1, 2023. Lisa Baertlein | Reuters Vietnamese electric vehicle maker VinFast’s plan to deliver 50,000 vehicles this year is being called “unrealistic” by analysts. VinFast expects to deliver 40,000 to 50,000 vehicles in 2023, despite the weak …
The all-electric 4-door Convertible GT Fisker Ronin is revealed during its inaugural “Product Vision Day” in Huntington Beach, California, on August 3, 2023. Frederic J. Brown | AFP | Getty Images Discover the companies capturing attention prior to market opening. Fisker — Shares of the vehicle development firm jumped 4.1% in pre-market trading after Bank …
BEIJING — Europe has launched an investigation into Chinese electric vehicle subsidies, but the outcome of the probe remains uncertain, said Valdis Dombrovskis, executive vice president and trade commissioner of the European Commission. Dombrovskis emphasized that the investigation will be “fact-based” and conducted in accordance with EU and World Trade Organization rules. The probe will …
Cathie Wood, CEO of Ark Invest, speaks during an interview on CNBC on the floor of the New York Stock Exchange (NYSE) in New York City, February 27, 2023. Brendan McDermid | Reuters ARK Invest CEO Cathie Wood stated that she did not participate in Arm’s IPO last week due to its overvaluation compared to …
In an aerial view, the Valero Houston refinery is seen on August 28, 2023 in Houston, Texas. Check out the companies making headlines in midday trading. Oil stocks — Petroleum refiners Valero Energy and Marathon Petroleum gained 1.4% and 1.5%, respectively, as West Texas Intermediate and Brent crude prices reached their highest levels since November, …