Tesla (NASDAQ: TSLA) stock rallied on Friday, climbing as much as 4.5% in early trading, as investors looked for signs of easing tensions between CEO Elon Musk and former President Donald Trump. The bounce comes after a brutal Thursday that saw Tesla shares tumble...
Tesla shares dropped sharply on Thursday, sliding 9% in midday trading as investor concerns grew over potential changes to federal electric vehicle (EV) tax credits — and a shifting stance by CEO Elon Musk. The stock's decline follows reports that Musk is now actively...
Ford Motor Co. reported a 16.3% year-over-year increase in U.S. sales for May, marking the third consecutive year of double-digit growth for the month. The Detroit automaker credited much of the boost to strong demand for its internal combustion engine (ICE) vehicles...
Cleveland-Cliffs Inc. (NYSE: CLF) saw its shares surge by 25% before noon on Monday after former President Donald Trump announced a dramatic tariff hike on imported steel and aluminum. The new policy, unveiled late Friday, would double existing tariffs from 25% to...
Shares of Wolfspeed (WOLF), a prominent player in the semiconductor industry, saw a drastic decline of about 48% on Friday, marking their lowest level since 1998. This sudden slump came on the heels of the announcement that the company had appointed a new CEO, Robert...
In a major milestone for the electric vehicle (EV) sector, Chinese automaker BYD has reported a record-breaking annual revenue of 777 billion yuan ($107 billion) for the year 2024, surpassing its U.S. rival, Tesla, in terms of financial performance. This remarkable...
Hyundai is set to make a significant investment in the U.S., pledging $20 billion in onshoring initiatives that will boost American manufacturing and the production of electric vehicles. The announcement, expected to be made on Monday at the White House, will be...
Tesla's stock (TSLA) has taken a significant hit, sitting at about $226 today, down more than 52% from its peak of $479 in December 2024. This sharp decline marks a challenging period for the electric vehicle giant and its CEO, Elon Musk, whose personal wealth is...
Nikola Corporation (NKLA), the company once hailed as a pioneer in hydrogen fuel and battery-powered trucks, experienced a sharp decline in its stock price on Wednesday following a bankruptcy filing in the United States. This comes on the heels of its founder, Trevor...
Aurora Innovation (AUR), a leader in autonomous trucking, experienced a dramatic surge in its stock price, rising over 30% by 11 am EST after announcing a strategic partnership with Nvidia (NVDA) to scale the deployment of self-driving trucks. The deal, unveiled at...
In a historic vote on Tuesday, the U.S. Senate passed the GENIUS Act, a sweeping bill that for the first time establishes federal standards for U.S. dollar-pegged stablecoins. The legislation passed 68–30, marking a significant step in integrating digital assets into...
By all appearances, Philip Morris International (PM) is having a moment. Fueled by the explosive popularity of its smoke-free nicotine pouch product Zyn, the company’s stock recently hit a record high, and Wall Street analysts still see "impressive growth" ahead. For...
Artificial Intelligence (AI) is reshaping the global economy at a rapid pace, disrupting traditional labor markets while also opening up new frontiers of productivity and innovation. As AI technologies mature, they are altering how businesses operate, the kinds of...