NIO shares extend losses as Chinese EV maker denies short-seller report

NIO Inc.’s shares in Hong Kong extended declines in afternoon trading after the company denied accounting allegations in a report by short seller Grizzly Research LLC. The stock NIO, -2.57% NIO, -11.47% fell by as much as 10% to 167.80 Hong Kong dollars (US $ 21.38) on Wednesday and was recently 9.3% lower at HK … Read more

Tesla Deliveries Are Coming. What the Results Could Mean for the Stock.

Text size Tesla stock is down about 16% for the current quarter. Nicholas Asfouri / AFP via Getty Images Tesla ‘s second-quarter delivery results are expected to arrive in early July. It has been hard to predict the numbers for a couple reasons: The first is production volatility from Covid-19 lockdowns in China, and the … Read more

Volkswagen Nears Deal to Sell Stake in Electrify America to Siemens

Volkswagen is close to selling a minority stake in its US electric-vehicle charge business to an arm of Siemens a deal that would value the network at more than $ 2 billion, according to people familiar with the matter. A sale of a stake in Volkswagen’s Electrify America LLC would generate additional funding as part … Read more

NIOs Hong Kong, Singapore shares hit new highs as outlook brightens

NIO Inc.’s shares in Hong Kong and Singapore have climbed to fresh record highs as the global outlook for electric-vehicle demand brightens. The electric-car manufacturer’s Singapore-listed shares NIO, + 3.87% gained 4.1% to US $ 24.77 while its Hong Kong stock 9866, + 2.81% rose 4.3% to 196.60 Hong Kong dollars (US $ 25.05), both … Read more

Tesla, Ford and GM Raise EV Prices as Costs, Demand Grow – The Wall Street Journal

Tesla, Ford and GM Raise EV Prices as Costs, Demand GrowThe Wall Street Journal

Polestar Shares Rise in Electric-Vehicle Maker’s Market Debut

Updated June 24, 2022 5:12 pm ET Listen to article (2 minutes) Shares in Polestar Automotive Holding UK PLC jumped 16% on their first day of trading Friday, after the Swedish electric-vehicle maker completed a merger with a special-purpose acquisition company amid plans to expand globally. Polestar agreed to be acquired by blank-check company Gores … Read more

Tesla Inc. stock falls Thursday, underperforms market

Shares of Tesla Inc. TSLA, -0.43% shed 0.43% to $ 705.21 Thursday, on what proved to be an all-around great trading session for the stock market, with the NASDAQ Composite Index COMP, + 1.62% rising 1.62% to 11,232.19 and the Dow Jones Industrial Average DJIA, + 0.64% rising 0.64% to 30,677.36. This was the stock’s … Read more

Tesla’s new factories are ‘gigantic money furnaces,’ Elon Musk says

Tesla Inc.’s two newest car factories have been losing billions of dollars as supply-chain disruptions and battery-cell manufacturing challenges limit the company’s ability to increase production, Elon Musk said in a recent interview. The company’s plants in Germany and Texas, which opened earlier this year, are “gigantic money furnaces,” the Tesla chief executive said in … Read more

NIO Stock Is a Cautionary Tale for Tesla Shareholders

Electric vehicle maker NIO has been stuck in a range of roughly 10,000 monthly deliveries for almost a year. Courtesy Nio Text size Chinese electric vehicle maker NIO offers a cautionary tale for Tesla investors. What happened to its shares could happen to Tesla ‘s if volume growth at Tesla follows a similar path as … Read more

Dogecoin investor sues Elon Musk, Tesla, SpaceX for $ 258 billion, claiming ‘pyramid scheme’

A dogecoin investor is suing Elon Musk and two of his companies, Tesla Inc. and SpaceX, for $ 258 billion, accusing them of operating a “pyramid scheme” to inflate the price of the cryptocurrency. The lawsuit, filed Thursday by Keith Johnson in Manhattan federal court, accuses Musk and his companies of committing fraud, as well … Read more