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Elon Musk's Tesla Troubles, Boeing's Midair Scare And More: This Week In Mobility
Sunday, July 6, 2025 - 9:31am | 552The past week has been a rollercoaster ride in the world of business and tech. From Elon Musk’s ongoing feud with President Donald Trump to Tesla’s declining sales in Canada, there’s been no shortage of drama. Amidst all this, Boeing’s 737 had a midair scare and Tesla...
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Costco, Dell, Marvell Technology, Ulta Beauty, Tesla: Why These 5 Stocks Are On Investors' Radars Today
Thursday, May 29, 2025 - 9:48pm | 829On Thursday, major U.S. indexes brushed off an appeals court decision to uphold Trump tariffs temporarily and closed higher. The Dow Jones Industrial Average climbed 0.3% to 42,215.73, while the S&P 500 and Nasdaq each advanced 0.4% to 5,912.17 and 19,175.87, respectively.These are the top...
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Warren Buffett Is Getting Richer In 2025 — And It's Not Because Of Apple: How One Chinese Holding Is Helping
Friday, May 2, 2025 - 2:49pm | 879Billionaire Warren Buffett has a long history of his Berkshire Hathaway Inc (NYSE:BRK)(NYSE:BRK) conglomerate outperforming the S&P 500, which is tracked by the SPDR S&P 500 ETF Trust (NYSE:SPY). While many stocks are down in 2025, one of Buffett's top holdings is significantly...
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Tesla's Chinese Rival BYD To Hire 20,000 More Workers In Zhengzhou, Plans Major Expansion To Meet Rising EV Demand
Thursday, February 6, 2025 - 9:32am | 580Chinese electric vehicle (EV) manufacturer, BYD (OTC:BYDDY) (OTC:BYDDF), has announced plans to hire an additional 20,000 workers in Zhengzhou in the first quarter, as it seeks to increase production capacity. What Happened: BYD is gearing up for a significant workforce expansion in Zhengzhou,...
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Honda, Nissan Confirm Merger Plans To Offset Chinese EV Competition: How Mitsubishi Factors In
Monday, December 23, 2024 - 12:47pm | 580Honda Motor Company, Ltd. (NYSE:HMC) and Nissan Motor Co., Ltd. (OTC:NSANY) confirmed their merger plans at a joint press conference on Monday and said they aim for a completion date of August 2026. If successful, the merger would create the world's third-largest automobile group based on global...
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US–Mexico Trade Tensions Escalate As Mexican Peso Hits August 2022 Lows: Why Is Auto Industry Most At Risk?
Wednesday, November 27, 2024 - 1:18pm | 925The trade relationship between the U.S. and Mexico, America's top trading partner in 2023, entered a new phase of tension. President-elect Donald Trump's recent pledge to impose 25% tariffs on all imports from Mexico and Canada, as soon as he returns to the Oval Office in January, has sent ripples...
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BYD Recalls Nearly 97K EVs Over Concerns Of Overheating Part, Potential Fire
Monday, September 30, 2024 - 2:17am | 418Chinese automaker BYD Co Ltd. (OTC:BYDDY) (OTC:BYDDF) is recalling 96,714 electric vehicles owing to risks of a part overheating, the country’s market regulator said on Monday. What Happened: The recall population includes domestically produced Dolphin and Yuan PLUS EVs made between November...
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BYD Makes A Red Yangwang U9 Supercar For Its 9 Millionth New Energy Vehicle
Thursday, September 26, 2024 - 7:06am | 438BYD Co. (OTC:BYDDY) (OTC:BYDDF) on Wednesday made its 9 millionth new energy vehicle (NEV) to date, the Chinese EV giant said. What Happened: “MAJOR MILESTONE: BYD's 9 Millionth NEV Rolls Off Production,” BYD wrote in a post on social media platform X. The post was adjoined by a picture...
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Tesla's Chinese Rival BYD Plans To Assemble EVs In Pakistan After India Said No: 'We Have Big Ambitions'
Sunday, September 22, 2024 - 11:22pm | 686Chinese electric vehicle manufacturer BYD (OTC:BYDDY) (OTC:BYDDF) and Tesla Inc (NASDAQ:TSLA) rival plans to establish its first South Asian assembly plant in Pakistan. The move follows a rejection from India. What Happened: The plant, expected to be operational by 2026, is a collaboration with...
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Warren Buffett-Backed BYD Takes On Luxury EV Market With New Premium Sedan, Posing Direct Challenge For Mercedes-Benz
Thursday, April 25, 2024 - 2:44am | 724Chinese EV giant, BYD (OTC:BYDDF) (OTC:BYDDY), backed by Warren Buffett‘s Berkshire Hathaway, is set to make a bold move in the luxury EV market with the unveiling of its premium brand’s first sedan at the Beijing auto show, posing a direct challenge to luxury automakers such as Mercedes-Benz...
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Chinese Stocks Are 'A Risk Worth Taking,' Says Asset Manager Amid Economic Uncertainty: '...Trading At The Cheapest They've Ever Been'
Thursday, March 14, 2024 - 3:15am | 594Asset manager Jason Hsu has suggested that the current low valuation of Chinese stocks presents an attractive investment opportunity. What Happened: Hsu, who serves as the chairman and chief investment officer of Rayliant Global Advisors, believes that the current low valuation of Chinese stocks is...
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Tesla Rivals In China Are Tempting Buyers With In-Car Beds, Kitchens And Drones Amid EV Industry Slowdown
Monday, March 11, 2024 - 2:21am | 713Chinese electric vehicle (EV) manufacturers are introducing unconventional features such as in-car beds and kitchens to boost sales amid a domestic market slowdown. This move could potentially pose a challenge for Western automakers. What Happened: The Chinese EV market, known for its innovation,...
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Tesla Stock Sheds $234B In 2024 So Far — Exceeds Market Cap Of McDonald's, Disney And Nike
Friday, March 8, 2024 - 12:15am | 627The market value of Tesla Inc (NASDAQ:TSLA) has plummeted by a staggering $234 billion this year, surpassing the combined worth of industry giants such as McDonald’s Corp ($212 billion), Walt Disney Co ($202 billion), and Nike Inc ($148 billion). What Happened: Tesla’s market value has...
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Elon Musk's Unfinished Projects Tied To Tesla's Stock Plunge, Says Investor Ross Gerber: 'Just Coming Down To Earth To A Much More Reasonable Valuation'
Wednesday, March 6, 2024 - 4:25am | 676The shares of electric vehicle heavyweight, Tesla Inc (NASDAQ:TSLA), have seen a significant drop, largely due to CEO Elon Musk‘s many unfinished projects and escalating competition. What Happened: Tesla is dealing with several issues including a growing competition, noted investor...
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Fund Manager Says He 'Would Avoid' Tesla, But Recommends These 'Phenomenal' Auto Stocks: 'Race To Develop EVs Is Going To Be Profitless...'
Monday, March 4, 2024 - 10:04pm | 744The electric vehicle (EV) market has been a hotbed of investor activity, with Tesla Inc (NASDAQ:TSLA) being a prime focus. However, a prominent fund manager has advised against investing in EV stocks and suggested alternative options. What Happened: Freddie Lait, the Chief Investment Officer at...