Business, Technology, Fuel, Autonomous

Tesla’s Wall Street Fans Turn Squeamish as EV Turmoil Mounts

Tesla Inc.’s support among Wall Street bulls is weakening with the lowest percentage of analysts since April 2021 recommending that investors buy the stock.

Esha Dey | Bloomberg News
March 8, 2024
Business, Fuel, Autonomous

Tesla Analysts Eyeing EV Slowdown Turn More Cautious on 2024

Wall Street’s outlook on Tesla Inc. is darkening rapidly, with at least two analysts turning more cautious on the electric vehicle maker in as many days.

Esha Dey | Bloomberg News
December 19, 2023
Business, Technology, Fuel

VinFast Surges Above $200 Billion

Unprofitable Vietnamese electric vehicle maker VinFast Auto Pte Ltd. is now worth more than the likes of Goldman Sachs Group and Boeing Co.

Esha Dey | Bloomberg News
August 28, 2023
Business, Technology, Equipment, Fuel

Nikola Stock Surges as Retail Investors Pile In

A gravity-defying rally in electric vehicle startup Nikola Corp. is showing no signs of stopping, as the company’s latest efforts to conserve cash and secure funds reignites a stock fervor.

Esha Dey | Bloomberg News
August 1, 2023
Government, Business, Fuel

Rivian May Lose Nasdaq Spot After 90% Selloff

Rivian Automotive Inc. may get pushed out of the Nasdaq 100 Index as early as this month after plunging more than 90% from its record high, according to JP Morgan Securities.

Esha Dey | Bloomberg News
June 1, 2023
Business, Technology, Fuel

Tesla Split Will Struggle to Feed $280 Billion Rally

After a $280 billion rally since late May, Tesla Inc. is using a trusted method for fueling further gains — a stock split. It may not pan out like that.

Esha Dey | Bloomberg News
August 25, 2022
Business, Technology, Equipment, Fuel

Rivian Leads EV Slump After Investors Shun Money Losers

Even a breakthrough U.S. climate bill designed to encourage sales of electric cars has failed to revive investor interest in Rivian Automotive Inc., as the risk-hungry traders who catapulted its shares to dizzying heights last year shun companies for whom profitability is still years away.

Esha Dey | Bloomberg News
August 11, 2022
Business, Top 50, Top 100

Gloom in Transports Sends Smoke Signal for US Stocks

The latest warning sign for U.S. stocks is emerging from a corner of the market that investors closely watch to get a read on the state of the economy and the health of American consumers: Transportation shares.

Esha Dey | Bloomberg News
April 4, 2022
Business, Technology, Autonomous

Self-Driving Stocks Join EVs as Next Trader Obsession

Self-driving technology companies are the latest automotive stocks to become an obsession of retail traders, with firms like Aurora Innovation Inc. surging Nov. 19 on high volume.

Esha Dey | Bloomberg News
November 19, 2021
Business, Technology, Fuel

Rivian Leaps Past Volkswagen’s Valuation Amid EV Mania

A searing five-day rally in the shares of Rivian Automotive Inc. has led the electric truck startup to more than double in value since last week’s trading debut, with its market capitalization now surpassing Volkswagen AG.

Esha Dey | Bloomberg News
November 16, 2021