Panasonic Corp reported higher operating profit boosted by cost cuts and an improvement at the joint battery business with Tesla Inc. However, despite good results, Panasonic stock price is moving down.
General Motors has revealed plans for a new GMC Hummer EV, a reproduction of the old vehicle line. The company’s stock has not reacted yet but things could change.
Mercedes-Benz is launching a blockchain-powered pilot that is aimed at monitoring carbon emissions in the cobalt supply chain. This initiative is to be realized in cooperation with startup Circulor.
Tesla Inc. released better than expected earnings reports pushing its stock to record highs of over $630 in pre-market. Such figures allowed its CEO Elon Musk to earn $2.3 billion within an hour.
As Tesla has hit a new valuation of $100 billion, it has become the second most valued car company in the world. Forecasts for 2020 are very bullish.
Tesla is expected to demonstrate impressive achievements with its first factory in Europe. If it happens, how will its stock react?
While the U.S. agency that can mandate vehicle recalls, NHTSA, is evaluating Tesla drivers’ complaints of sudden unintended acceleration, there are talks that Tesla stock may go down.
Mobileye is going to start offering its robotaxi services in China. As soon as in 2025, electric vehicles are said to be the standard there.
South Korean automobile giant is making big moves in the premium SUV segment. It is also considering a potential market in the flying taxi industry and has collaborated with Uber in this space.