DIRS.INFO The most relevant business & tech news

☆ Watch CNBC's full interview with Bernstein's Toni Sacconaghi on Tesla earnings
▼ + stars: | 2024-04-24 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with Bernstein's Toni Sacconaghi on Tesla earningsToni Sacconaghi, Bernstein, joins 'Squawk on the Street' to discuss what Sacconaghi would've liked to hear on Tesla's earnings call, the EV giant's full-self driving and Robotaxi plans, and what happens in the next 5-10 years for Tesla.

Persons: Bernstein's Toni Sacconaghi, Toni Sacconaghi, Bernstein, Sacconaghi would've, Tesla Organizations: EV

☆ Tesla skepticism remains centered on potential new models, says Bernstein's Toni Sacconaghi
▼ + stars: | 2024-04-24 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTesla skepticism remains centered on potential new models, says Bernstein's Toni SacconaghiToni Sacconaghi, Bernstein, joins 'Squawk on the Street' to discuss what Sacconaghi would've liked to hear on Tesla's earnings call, the EV giant's full-self driving and robotaxi plans, and what happens in the next five to 10 years for Tesla.

Persons: Bernstein's Toni Sacconaghi Toni Sacconaghi, Bernstein, Sacconaghi would've, Tesla Organizations: EV

☆ China's BYD launches AI-powered smart car technology to better compete with rivals
▼ + stars: | 2024-01-17 | by ( Sheila Chiang | ) www.cnbc.com time to read: +2 min

Visitors look at an BYD Seal U electric car of Chinese car brand BYD at the IAA Mobility 2023 international motor show on September 6, 2023 in Munich, Germany. BYD launched its AI-powered smart car system on Tuesday as the world's largest electric car maker seeks to better compete with rivals on advanced technologies such as automated parking. The Xuanji smart car system "perceives changes inside and outside the vehicle in milliseconds" thereby "enhancing driving safety and comfort," the firm said in a statement on Tuesday. The Chinese EV giant's Shenzhen-listed shares shed more than 2% on Wednesday in a broader decline in the China stock market. A price war and intensifying competition in the Chinese EV market have squeezed profitability for China's EV makers including BYD, Nio, Xpeng and Li Auto.

Persons: BYD, Wang Chuanfu, Tesla, Li Auto Organizations: Integrated Vehicle Intelligence, Weibo, EV giant's Shenzhen, EV, China's, Li Locations: Munich, Germany, U.S, China, Shenzhen

REUTERS/Michael Swensen Acquire Licensing RightsCHICAGO, Sept 21 (Reuters) - United Auto Workers (UAW) members rallied against the Detroit Three automakers in multiple U.S. states on Thursday afternoon as Friday's deadline loomed for a threatened expansion of the union's strikes. The UAW last week launched unprecedented, simultaneous strikes at one assembly plant each of General Motors (GM.N), Ford (F.N) and Chrysler parent Stellantis (STLAM.MI). UAW workers want to end a tiered wage structure that they say has created a large gap between newer and older employees, forcing some to work two jobs to make ends meet. On Thursday morning, Fain posted a video message on X, formerly known as Twitter, to UAW members about the Friday deadline, showing scenes from several Hollywood movies with the characters saying "tick tock." Fain has said Detroit automakers have not shared their huge profits with workers while enriching executives and investors.

Persons: Phaedra Grant, Michael Swensen, Ayanna Dixon, Shawn Fain, Fain, Ford, Stellantis, Joe Biden, Karine Jean, Pierre said, Ram, Morgan Stanley, Adam Jonas, Eikon, Mark Reuss, Reuss, Tesla, Bianca Flowers, Hyunjoo Jin, David Shepardson, Ben Klayman, Kannaki, Peter Henderson, Jamie Freed, Nick Zieminski, Matthew Lewis Organizations: Ford, UAW, REUTERS, Rights, United Auto Workers, Detroit Three, General Motors, Chrysler, Reuters, GM, GM's, Silverado, Detroit, Detroit Free Press, Toyota, Tacoma, EV, Thomson Locations: Louisville , Kentucky, U.S, Chicago, San Francisco, Louisville, Washington, Detroit, Bengaluru

☆ Detroit Three under pressure to progress UAW talks, avoid wider auto strikes
▼ + stars: | 2023-09-21 | by ( Hyunjoo Jin | ) www.reuters.com time to read: +3 min

Striking United Auto Workers members picket outside the Stellantis Jeep plant in Toledo, Ohio, U.S. September 19, 2023. The UAW last week launched unprecedented, simultaneous strikes at one assembly plant each of General Motors (GM.N), Ford (F.N) and Chrysler parent Stellantis (STLAM.MI). The city is home to Ford's Louisville assembly plant and its Kentucky truck plant. Ford CEO Jim Farley has previously said the Kentucky truck plant, which assembles F-Series trucks, is the company's most profitable plant globally. Fain has said Detroit automakers have not shared their huge profits with workers while enriching executives and investors.

Persons: Rebecca Cook, Stellantis, Shawn Fain, We're, Jim Farley, Ram, Eikon, Fain, Mark Reuss, Reuss, Hyunjoo Jin, Jamie Freed Organizations: United Auto Workers, REUTERS, UAW, Detroit Three, General Motors, Ford, Chrysler, Wednesday, GM, GM's, Silverado, Detroit, Detroit Free Press, Toyota, Tacoma, EV, Thomson Locations: Toledo , Ohio, U.S, furloughing, Louisville , Kentucky, Louisville, Kentucky, San Francisco

☆ Chinese EV major BYD's partnerships in Southeast Asia
▼ + stars: | 2023-09-19 | by ( ) www.reuters.com time to read: +3 min

REUTERS/Nick Carey/File Photo Acquire Licensing RightsSept 19 (Reuters) - Chinese electric vehicle frontrunner BYD (002594.SZ) has taken an early lead in Southeast Asia's small but fast-growing EV market, partly on the back of distribution partnerships with large, local conglomerates. Here are details about some of its regional partners: MALAYSIA & SINGAPOREBYD cars are sold by Sime Darby Motors, the automotive arm of Malaysian trading and logistics giant Sime Darby (SIME.KL), in two of the region's wealthiest countries. The partnership started in 2019 when Sime Darby Motors began distributing BYD EVs in Singapore, where it now has a dealership network of seven outlets. Sime Darby Motors took on the distributorship for Malaysia in 2022 and currently has nine dealerships nationwide, with another 12 in the pipeline, the company said. INDONESIAIndonesia's Bakrie & Brothers (BNBR.JK), which is focused on the manufacturing and infrastructure sector, is a distributor for BYD's EV buses in Southeast Asia's largest economy.

Persons: Nick Carey, Sime Darby, Darby, Sime Darby Motors, BYD, INDONESIA Indonesia's, Devjyot, Jamie Freed Organizations: REUTERS, MALAYSIA, SINGAPORE, Sime, Sime Darby Motors, THAILAND Rever, EV giant's, Siam Motors Group, PHILIPPINES AC Motors, Ayala Corp, BYD's, Thomson Locations: Farnborough, Britain, Southeast, Singapore, Malaysia, THAILAND, BYD, Thailand, PHILIPPINES, Philippines, INDONESIA, Asia's, Jakarta, VKTR, Bangkok

Eight of the 11 S&P 500 sub-sectors were in the red, with the energy index (.SPNY) leading declines. U.S. markets ended lower on Friday as comments from Fed officials curtailed optimism that the central bank was nearing the end of its aggressive interest rate hikes. Traders now see a 72% chance of Fed hiking its key benchmark rates by 25 basis points in July, according to CMEGroup's Fedwatch Tool. Declining issues outnumbered advancers for a 2.43-to-1 ratio on the NYSE and a 1.82-to-1 ratio on the Nasdaq. The S&P index recorded 11 new 52-week highs and no new low, while the Nasdaq recorded 38 new highs and 40 new lows.

Persons: Eli Lilly, Tesla, Rivian, homebuilding, Sam Stovall, CMEGroup's, Michael Barr, Jerome Powell's, Morgan Stanley, Daniel Zhang, advancers, Shristi Achar, Shubham Batra, Johann M, Vinay Dwivedi, Shounak Organizations: Therapeutics, Nike, Dow, Nasdaq, U.S . Federal Reserve, CFRA Research, Tesla Inc, Reuters, EV, U.S . House Financial, PayPal Holdings, KKR & Co, Alibaba, PDD Holdings, Dow Jones, Adobe Inc, Dice Therapeutics, NYSE, Thomson Locations: U.S, Europe, China, Bengaluru

☆ CNBC Pro Talks: Dividends or growth stocks? Fund manager Ian Mortimer has strategies for both
▼ + stars: | 2023-03-21 | by ( Cnbc.Com Staff | ) www.cnbc.com time to read: +2 min

Fund manager Ian Mortimer will explain how he selects high-yielding companies and identifies growth stocks while avoiding the hype. He joined Guinness Global Investors in 2006 and manages the Guinness Global Equity Income Fund and the Guinness Global Innovators Fund. Join CNBC Pro Talks on Wednesday, March 22 at 6:30 a.m. GMT / 2:30 p.m. SGT / 2:30 a.m. He joined Guinness Global Investors in 2006 and manages the Guinness Global Equity Income Fund and the Guinness Global Innovators Fund. Join CNBC Pro Talks on Wednesday, March 22 at 6:30 a.m. GMT / 2:30 p.m. SGT / 2:30 a.m.

☆ 'Pretty bearish on Tesla': Market pro says price cuts will hit the EV giant's share price
▼ + stars: | 2023-02-28 | by ( Ganesh Rao | ) www.cnbc.com time to read: +3 min

Tesla shares are unlikely to make a comeback over the medium term partly due to the price cuts the electric automaker announced late last year, according to tech investor Mark Hawtin. "I'm pretty bearish on Tesla," said Hawtin, investment director at Zurich-based GAM Investments. This, in turn, could lead to lower demand for Tesla's products, impacting margins and profitability, according to Hawtin. "I think we will see lower demand at a time when they're ramping up factories around the world," he added. According to Jonas, the stock could jump on any new plans from the automaker for the "mass adoption of EVs at far lower price points" on its Mar.

☆ Virtus' Terranova dumps these two tech stocks, says he doesn't trust the recent high-beta rally
▼ + stars: | 2023-01-31 | by ( Samantha Subin | ) www.cnbc.com time to read: +1 min

Joe Terranova doesn't trust the recent rally in a slew of high-beta stocks. TSLA YTD mountain Tesla shares surged nearly 41% in January Stocks have just wrapped a blowout month after the worst year for stocks since 2008 . The S & P 500 surged 6.2% to notch its best January since 2019 due in part to a rally in high-beta names, like 2022's battered tech darlings. Tesla shares, for example surged nearly 41% this month. But Terranova doesn't expect this momentum to last, nor does he anticipate continued outperformance from the Nasdaq Composite after its 10.7% surge in January.

Search resuls for: "EV giant's"

10 mentions found