(Reuters) -Rivian Automotive missed market estimates for fourth-quarter deliveries on Tuesday as tough competition and high interest rates weighed on demand for its electric vehicles. Shares of Rivian fell around 6% in pre-market trading. The company delivered 13,972 vehicles in the quarter to Dec. 31, 10% lower than the previous quarter. It was below estimates […]
Elon Musk’s Tesla has embarked on a price war to boost sales – Tingshu Wang/Reuters Elon Musk’s Tesla has been toppled as the world’s best-selling electric vehicle manufacturer after it was overtaken by China’s BYD. Tesla delivered a record 484,507 cars in the third quarter of 2023, it said on Tuesday, a 20pc rise on […]
(Reuters) -Rivian Automotive missed market estimates for fourth-quarter deliveries on Tuesday as tough competition and high interest rates weighed on demand for its electric vehicles. Shares of Rivian fell around 6% in pre-market trading. The company delivered 13,972 vehicles in the quarter to Dec. 31, 10% lower than the previous quarter. It was below estimates […]
Celsius Holdings (CELH) rose above its 50-day moving average Wednesday, building on the energy drink maker’s strong move Tuesday. X CELH stock jumped 5.2% to 55.72 in Wednesday market trading, back above the 50-day line for the first time since early November. That follows a 5.8% jump Tuesday, rebounding from the 40-week lin. Investors could […]
Khydeeja Alam, who has worked for years at various Sacramento-based state and advocacy organizations, has been appointed as the executive director of the California Commission on Asian and Pacific Islander Affairs. Alam will work with policymakers and state agencies to tackle issues impacting Asian and Pacific Islander communities across the state. As executive director, Alam […]
TOKYO (AP) — Daihatsu, a unit of Japanese automaker Toyota Motor Corp., has shut down production lines at all its four factories in Japan while transport ministry officials investigate improper tests for safety certifications. The shutdown as of Tuesday comes a week after Daihatsu Motor Co. announced it was suspending all vehicle shipments in and […]
TOKYO (AP) — Daihatsu, a unit of Japanese automaker Toyota Motor Corp., has shut down production lines at all its four factories in Japan while transport ministry officials investigate improper tests for safety certifications. The shutdown as of Tuesday comes a week after Daihatsu Motor Co. announced it was suspending all vehicle shipments in and […]
China EV maker Nio (NIO) unveiled a new super-premium ET9 sedan, an in-house autonomous driving chip and more at the Tesla (TSLA) rival’s Nio Day 2023 on Saturday. X The Nio ET9 pre-sale price is RMB 800,000 ($112,780), boasting fast-charging and advanced driver-assist systems with Lidar. The Nio ET9 will use in-house-developed large cylindrical 46105 […]
A limited-edition box of See’s Candies.Markets Insider Warren Buffett’s “dream business” is See’s Candies, a boxed-chocolate company he bought in 1972. The investor paid $25 million to purchase the retailer, and has made an over 8,000% return since. Buffett has hailed See’s profits, minimal capital needs, competitive power, staff, and products. Warren Buffett has built […]
Shares in Ecopro have soared a staggering 572% year-to-date, per data from Refinitiv.Ecopro Korean cathode maker Ecopro has been the world’s best-performing stock in 2023. An EV investing frenzy has powered its shares 572% higher. Ecopro has even outperformed US semiconductor giant Nvidia, up 229% year-to-date. The world’s best-performing stock of 2023 isn’t part of […]
I must have ice cream on the brain, because lately my TikTok For You Page has been swimming in Ninja Creami recipes and testimonials. Clearly, the universe wanted me to try this newfangled machine for myself. So is it as great as everyone says? Does it produce the kind of ice cream that would keep […]
Chinese electric vehicle maker NIO’s stock (NIO) surged on Monday after it announced a significant investment from an Abu Dhabi–backed fund. CYVN, an investment fund majority-owned by the Abu Dhabi government, will invest $2.2 billion in fresh capital in exchange for 294 million newly minted NIO class A shares at a price of $7.50 per […]