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Tesla (NYSE: TSLA) and Chinese EV (electric vehicle) companies have reported their delivery update. BYD outsold Tesla in 2022 and narrowed the gap in BEVs (battery electric vehicles). While Chinese EV companies release their delivery reports on a monthly basis, Tesla does it after every quarter. In the fourth quarter of 2022, Tesla delivered 405,278…
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2022 turned out to be a terrible year for EV (electric vehicle) stocks. Yesterday, several EV stocks including Rivian, Lucid Motors, Arrival, and Lordstown Motors hit record lows. Other EV stocks like Lion Electric, Canoo, Fisker, and Nikola are also a tad short of their record lows. Even Tesla stock has slumped this year and…
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Chinese EV (electric vehicle) stocks including NIO and Xpeng Motors are trading lower in US premarket price action today amid reports that Tesla has suspended production in China. Separately, NIO has lowered its fourth-quarter delivery guidance. Over the last couple of weeks, there have been multiple reports which said that Tesla is looking to lower…
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Tesla (NYSE: TSLA) CEO Elon Musk has confirmed that he would step down as Twitter chief after the majority of respondents in a Twitter poll voted in favor of him stepping down. Tesla stock is among the biggest wealth creators of the last decade. It gained a whopping 740% in 2020 and another 50% last…
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Those fancying a Santa Claus Rally this year are in for a rude shock as US markets have plummeted this week. Apple stock (NYSE: AAPL) which was holding steady so far is also drifting towards its 52-week lows amid the crash. Meanwhile, despite the recent weakness Apple stock is outperforming not only its FAANG peers…
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Apple stock (NYSE: AAPL) soared 7.5% on Friday even as Big Tech stocks crashed. Apple’s status as a “safe bet” amid the market turmoil might be challenged though as its key supplier Foxconn grapples with production issues in China. Last week, Apple reported its earnings for the fiscal fourth quarter of 2022. It was a…
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Tesla’s CEO Elon Musk has predicted that a global recession would last until the spring of 2024. He joins the long list of business leaders who have expressed concern over an impending recession. In response to a question on Twitter on how long the recession would last, Musk said, “just guessing, but probably until spring…
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Ford (NYSE: F) yesterday announced a price hike for its F-150 Lightning model. This is the second price hike for the all-electric model of its best-selling F-150 pickup truck in two months and comes amid inflationary pressures. Ford has increased the price for its 2023 F-150 Lightning Pro by $5,000 to $51,974. While in August,…
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US stocks bounced back yesterday to start October on a high note. It was preceded by the crash in September where the S&P 500 lost over 9% and the world’s most popular index fell to its lowest level of the year. We’ve seen extreme volatility in US stocks this year. Markets have fallen to new…
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With YTD losses of almost 60%, Nvidia (NYSE: NVDA) is among the top 10 S&P 500 losers this year. Other tech names like Meta Platforms and Netflix are also among the top losers in 2022 as investors have shunned the once high-flying tech stocks. Nvidia was among the top S&P 500 gainers in both 2020…
