Share
Tesla Motors Inc (NASDAQ:TSLA) revealed a record number of sales for the first quarter after a surprise release of its sales numbers on Friday afternoon. The company sold 10,030 cars in the quarter according to the official numbers. Just as the stock market celebrates those figures, questions about the company’s finances are beginning to be…
Share
There is no executive who uses Twitter Inc (NYSE:TWTR) more often than Tesla Motors Inc (NASDAQ:TSLA) CEO, Elon Musk, even on disseminating highly sensitive news that many a times would call for an official channel. Musk’s wave of tweets essentially arouses questions on how often social media can be used to divulge highly sensitive information….
Share
Nvidia (NYSE: NVDA) which was anyway the best-performing S&P 500 stock in 2023 is up sharply in US premarket price action today and looks set to hit a new record high as markets give a thumbs up to its fiscal second quarter 2023 earnings. Wall Street analysts have also raised the stock’s target price after…
Share
Chinese EV company Xpeng Motors (NYSE: XPEV) which posted a record net loss of 2.8 billion yuan in Q2 2023 has said that its partnership with auto giant Volkswagen and continued cost cuts would help it narrow losses. While Xpeng Motors posted revenues in line with analysts’ estimates, its Q2 losses were wider than expected…
Share
Chinese EV company Xpeng Motors (NYSE: XPEV) which posted a record net loss of 2.8 billion yuan in Q2 2023 has said that its partnership with auto giant Volkswagen and continued cost cuts would help it narrow losses. While Xpeng Motors posted revenues in line with analysts’ estimates, its Q2 losses were wider than expected…
Share
China is officially targeting GDP growth of “around 5%” in 2023. The world’s second-largest economy expanded at only 3% last year amid its controversial zero-COVID policy but reversed the policy late last year. Meanwhile, after a flurry of weak economic data several brokerages have raised concern over China’s growth outlook and expect it to miss…
Share
X which was formerly known as Twitter has been in the news ever since billionaire Elon Musk acquired the company last October and took it private. He later quit as the company’s CEO and hired former NBC Universal advertising executive Linda Yaccarino to lead the company. In a recent interview, Yaccarino said that she has…
Share
Rivian (NYSE: RIVN) reported its Q2 2023 earnings yesterday beating on both the topline as well as the bottomline and also raised its 2023 production guidance. Here are the key takeaways. RIVN reported revenues of $1.12 billion which was ahead of the $1 billion that analysts expected. Its gross margins were negative 37% in the…
Share
Lucid Motors (NYSE: LCID) released its Q2 earnings after the close of markets yesterday. The stock is trading higher in US premarkets today despite the company missing Q2 revenue estimates. Lucid Motors posted revenues of $150.9 million in the quarter which was significantly below the $175 million that analysts expected. The company’s net loss however…
Share
Chinese electric vehicle (EV) companies including NIO (NYSE: NIO), Xpeng Motors (NYSE: XPEV), and Li Auto (NYSE: LI) have reported their July delivery reports. Here are the key takeaways from the reports. Notably, while US-based EV companies like Tesla (NYSE: TSLA), Lucid Motors (NYSE: LCID), and Rivian (NYSE: RIVN) report their deliveries on a quarterly…
