electricvehicleev
The tanking of Warner Bros Discovery’s share price, and uncertainty about the company’s future, has at least led to good news and opportunity for one party. Warner Bros Discovery share price crashed to an all-time low, read our analysis: WBD could tank to $5 soon Liberty Global gains controlling interest in Formula EYesterday, broadband and telecommunications company Liberty Global Ltd. announced that it will acquire shares held by Warner Bros. Discovery in the electric car racing series Formula E. The acquisition of shares held by Warner Bros. Discovery will, on completion, bring Liberty Glob...
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Ford Motor Co (NYSE: F) opened in the red today after announcing plans of ending its EV dealership programme. Why is Ford pulling the plug on EV-certified?The initiative dubbed “EV-certified” was announced amidst exceptional demand for electric vehicles in September 2022. But $F is pulling the plug on that programme as the EV optimism is now fading fast. The legacy automaker is still growing its electric vehicles sales but at a pace that far lags its initial expectations. “The world has changed. The growth has slowed down”, said Marin Gjaja – the chief operating officer of Ford Motor’s Model e...
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Tesla Inc (NASDAQ: TSLA) is pushing to the upside this morning after shareholders voted in favour of a $56 billion pay package for chief executive Elon Musk. What Musk’s pay package approval means for Tesla stock“Thanks for your support!!,” is what the billionaire wrote on X.com on Thursday – adding that his pay package was approved by a wide margin. Backing from his investors this morning removes a significant headwind from $TSLA, as per a senior Wedbush Securities analyst Dan Ives. This removes a $20 to $25 overhang on the stock in our opinion that has weighed on shares since the head-scratc...
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Tesla shares surged 7% in premarket trading in New York on Thursday following the re-approval of CEO Elon Musk’s 2018 pay package by shareholders. The support for the package surpassed the required threshold, as announced by Musk on Wednesday night. Tesla shares hit $189.57 in premarket trading As of 4:23 am ET, Tesla’s stock rose 6.95% to $189.57. The shareholder vote reaffirmed the controversial pay package, which ties Musk’s compensation to the company’s performance milestones. This outcome has boosted investor confidence, reflected in the sharp rise in Tesla’s share price. The 2018 pay pac...
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Nikola (NASDAQ: NKLA) stock price has slumped to a record low even as the company continues to make progress. It has plunged by over 42% this year in line with the performance of other similar companies like Tesla, Nio, Lucid Group, and Rivian. Nikola has made some progressNikola’s share price has collapsed as concerns about its significant losses, demand, and balance sheet continued. Its net loss in the last quarter stood at over $147 million after it lost over $169 million in the same quarter in 2023. The company’s annual loss stood at over $966 million in 2023 from $784 million a year earli...
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Tesla Inc (NASDAQ: TSLA) has been a disappointment for shareholders this year but famed investor Cathie Wood is sticking to her ultra bullish view on the electric vehicle behemoth. Tesla stock could 15x by 2029Shares of the EV giant will hit $2,600 by 2029, as per the latest projection from Ark Investment Management. Tesla is expected to reveal its much-awaited robotaxi in early August (read more) which her hedge fund forecasts will make up about 90% of its enterprise value by 2029. Meanwhile, electric vehicles could approximate a quarter of total sales and ~10% of Tesla’s earnings potential, ...
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Nio Inc (NYSE: NIO) is slipping in premarket on Wednesday after the European Union announced a significant increase in tariffs on Chinese electric vehicles. Details of new EU tariffs on $NIOThe bloc has decided in favour of slapping up to 38.1% tariff on imports of China-made EVs that it said benefits “heavily from unfair subsidies” that undermine the producers in Europe. Still, Nio Inc remains committed as ever to expanding in Europe. It did, however, condemn the massive increase in tariffs the EU Commission announced on Wednesday. Nio will continue to serve our users and explore new opportun...
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General Motors Co (NYSE: GM) is gaining in premarket on Tuesday after announcing a new stock repurchase programme. CFO Jacobson’s remarks on the buyback programmeThe legacy automaker authorised another $6.0 billion in share buybacks. Its accelerated $10 billion in stock repurchase is slated to complete by the end of June. GM did not disclose any particular timeframe to execute the new authorisation. All it said is that the programme will enable it to opportunistically buyback shares. Paul Jacobson – the chief financial officer of General Motors said in a press release today: We’re very focused...
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Porsche AG (P911) share price is in deep trouble and the situation could worsen in the coming weeks as its electric vehicle (EV) business slows. The stock crashed to a low of €76 on Monday, its lowest swing since January 26th. It has plunged by over 36% from its highest point on record. Porsche’s China woesPorsche’s stock has imploded as the company has reported weak financial results. Its total sales crashed frm €10.09 billion in Q1’23 to over €9.0 billion in Q1’24. Its battery electric vehicles segment’s revenue tumbled from over €11.4 billion to over €5.7 billion in Q1’24. Porsche’s profits...
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Lilium N.V. (NASDAQ: LILM) is in focus this morning after announcing a $114 million financing. Details of $LILM financingInsiders and existing shareholders participated significantly in the announced financing, as per the press release on Friday. $LILM plans on using the net proceeds to fund operations and for general corporate purposes. The financing is another step towards the “first manned flight of the Lilium Jet targeted for late 2024”. The news arrives about a month before Lilium is scheduled to report its financial results for the first quarter. Consensus is for it to lose about 14 cent...
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