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Top related persons:
Tesla - 2 Elon - 1 Musk - 1 — - 1 Elon Musk - 1 Rebecca Tinucci - 1 Andres Pinter - 1 Pinter - 1
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Wall Silicon Wuhan China U.S New York VinFast –
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Service - 3 Bloomberg - 2 General Motors - 2 Chrysler - 2 EV - 2 Nvidia - 2 Tesla - 1 carmakers - 1

Search resuls for: "EV carmaker"


6 mentions found


☆ Tesla may try to rehire some of the employees it laid off
  + stars: | 2024-05-01 | by ( Ana Altchek | ) www.businessinsider.com   time to read: +3 min
The Tesla CEO may be rehiring some of the laid off staff, according to a Bloomberg report. Musk confirmed a slower growth rate for Tesla, which could impact other EV carmakers. Still, the job cuts concerned EV executives at companies like Rivian, Ford, and General Motors, according to the Bloomberg report. AdvertisementThe departure of the senior director for charging infrastructure, Rebecca Tinucci, meant these brands lost a main point of communication, the Bloomberg report said. "It may be possible Mr. Musk will reconstitute the EV charger team in a bigger, badder, more Muskian way," Pinter said.
Persons: Elon, Tesla, Musk, —, Elon Musk, Rebecca Tinucci, Andres Pinter, Pinter Organizations: Bloomberg, Tesla, carmakers, Service, General Motors, Solutions, Reuters
☆ Tesla short-seller names 2 auto stocks to own — giving them 100% upside
  + stars: | 2024-04-04 | by ( Ganesh Rao | ) www.cnbc.com   time to read: +3 min
A Tesla short-seller named two auto stocks that he believes have the potential to deliver 100% upside for investors. Lekander, who holds a short position in Tesla shares, has said the EV carmaker could "go bust" while its stock could fall to $14. His comments came after Tesla reported 386,810 vehicle deliveries in the first quarter, significantly below the lowest market estimates . Valuing AI in auto Lekander also dismissed the notion that Tesla's self-driving software justifies its high valuation, noting that the product is still in early research and development. "I thus remain massively bullish quality auto stocks, Stellantis and Mercedes are my favourites as they are well run and fully investor owned," Lekander told CNBC via email.
Persons: Per, Mercedes, Tesla, Lekander, CNBC's, Lekander's, — CNBC's Arjun Kharpal Organizations: Clean, Mercedes Benz, Romeo, Chrysler, Dodge, Fiat, Jeep, EV, Nvidia, CNBC, Stellantis
☆ China's EV carmaker Nio jumps 4% after reporting narrower-than-expected losses
  + stars: | 2023-12-05 | by ( Arjun Kharpal | ) www.cnbc.com   time to read: +2 min
Here's how Nio did in the third quarter, according to LSEG consensus estimates: Revenue: 19.1 billion Chinese yuan ($2.7 billion) versus 19.4 billion yuan expected. 19.1 billion Chinese yuan ($2.7 billion) versus 19.4 billion yuan expected. Loss per share: 2.67 yuan per share loss versus 2.91 yuan loss expected. That was smaller than the 3.7 yuan per share loss recorded in the second quarter of the year. The company said fourth-quarter revenue will be between 16.1 billion yuan and 16.7 billion yuan, representing a year-on-year increase of between 0.1% to 4.0%.
Persons: ET5, Nio, William Li, Li, Li Auto Organizations: HK, Central China International, Getty, Revenue, EV Locations: Wuhan, China, U.S
☆ VinFast loses almost half its value as shares hit the skids after spectacular $85 billion market debut
  + stars: | 2023-08-18 | by ( Joseph Wilkins | ) www.businessinsider.com   time to read: +2 min
Shares in VinFast soared on its Spac-led debut in New York Tuesday, leaving it worth $85 billion. The Vietnamese EV carmaker has sunk since then, losing almost half its value. After the first day of trading in New York, shares in the Vietnamese electric carmaker closed at $37, leaving it worth about $85 billion – far more than Ford, General Motors, or Chrysler Stellantis. However, VinFast But has dropped sharply over the past two days, losing more than half its 255% gains on its Nasdaq Global Select Market debut. VinFast delivered just 11,300 vehicles in the first half of this year, per a company presentation.
Persons: Pham Nhat Vuong, Le, Thuy, VinFast Organizations: carmaker, Service, Ford, General Motors, Chrysler, Nasdaq, Bloomberg Locations: New York, Wall, Silicon, VinFast
☆ Nvidia is looking to expand its silicon empire as it rides the AI boom - the chipmaker is in discussions for a stake in the UK's Arm
  + stars: | 2023-07-12 | by ( Joseph Wilkins | ) www.businessinsider.com   time to read: +3 min
Nvidia is in discussions to acquire a stake in UK-based chip designer Arm before it goes public. A stake in Arm will complement Nvidia's competencies as the world's top chipmaker, as it rides the AI boom. Nvidia previously tried to acquire Arm in 2020 – before US competition authorities blocked the move. While nothing has been finalized yet, Arm is looking for Nvidia to become a so-called anchor investor, the outlet said. Anchor investment is where an institution purchases a portion of a company's shares before it debuts on the stock market.
Persons: EV carmaker Rivian Organizations: Nvidia, Service, Financial Times, EV carmaker Locations: –, Wall, Silicon, British, Santa Clara
☆ Carmakers are poised for EV race to the bottom
  + stars: | 2023-04-20 | by ( ) www.reuters.com   time to read: +2 min
On Thursday, the near 10 billion euro carmaker Renault (RENA.PA) appeared to have finally turned a corner after a painful pandemic. A Tesla-induced price war would be particularly painful for European carmakers like Renault, which is forecast to record an abysmal operating margin of around 6% this year, Refinitiv data show. But if Musk’s plan works and he hoovers up market share, Renault and its peers may have no choice. The party for European EV carmakers could be over just as it started. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.
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