Tesla Shares Drop Nearly 6% this Morning After Elon Musk Tweet
Tesla asks suppliers for refunds. As a result, Tesla, Inc. (NASDAQ:TSLA) shares dropped this morning, as Elon Musk tweets confirmation that his company is seeking refunds from suppliers to reach profitability. As per Yahoo Finance, ... [Read]
Tesla Shares Plummet after Needham Downgrades to ‘Sell’—Model 3 Cancellations On the Rise
Tesla (NASDAQ:TSLA) stock price dipped by more than 2% in premarket trading on Thursday after the stock was downgraded by Needham & Co. The analyst downgraded the stock to a ‘sell’ rating from a ‘hold,’ ... [Read]
Are Tesla’s Order Cancellations Out-Pacing Order Demand?
Tesla Order Cancellations: Tesla’s (NASDAQ:TSLA) stock fell nearly 3% yesterday. A contributing factor could be that cancellations for Model 3 orders have increased in recent weeks. So much so that refunds are now outpacing deposits ... [Read]
Aston Martin Unveils Volante, Its Latest Flying “Sports Car” Concept
Volante Vision Concept: It looks like it should belong in the James Bond movies that Aston Martin is so associated with, but the company has assured skeptics that it is very much a real concept ... [Read]
Fiat Chrysler Union Workers to Strike Over Juventus Ronaldo Purchase
Fiat Chrysler Strike: Fiat Chrysler (NYSE:FCAU) (BIT:FCA.MI) workers are upset with the company’s recent purchase; no it’s not a new facility in the Alps, or a futuristic autonomous car design, its football superstar Christiano Ronaldo. ... [Read]
Tesla is Building a New Plant in China: Meet Gigafactory 3
Tesla China Factory: Tesla is in the news again. From job cuts to shares rising after a June shareholder meeting, Tesla has found many ways to make headlines for the past two months. Today is ... [Read]
Nissan Falsified its Emissions Test in Japan
Nissan emissions test: Car manufacturer Nissan (OTC:NSANY) is in hot water. Today, the company admitted that the results of emissions and fuel economy tests in its latest line of vehicles sold in Japan had been ... [Read]
Uber Partners with Lime: Are Electric Scooters the Future?
Uber Partners with Lime: Lime is getting a lot of love. As part of a $335M financing round, Uber announced Monday that it is partnering with the electric scooter company. This is the second scooter company ... [Read]
No More Audi Diesel Problems, Vehicles Pass Testing
Due to Audi diesel problems, the company has come under a bit of fire in 2018. In retrospect, however, its trouble probably began in 2015—the year Audi and Volkswagen first entered an emissions scandal. Following ... [Read]
Tesla is Still not Making Profit, but It isn’t Alone
Eight years after its IPO, Tesla (NASDAQ:TSLA) is still not making a profit. Its share price has risen nearly 2,000 percent since then, and yet, the company is considered to be “burning cash”. Market Value’s Can Signal ... [Read]