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Bernstein names its top stock ideas to play the EV trend

The green transition has been dominated by electric vehicles. Caroline Brehman, CQ Roll Call, Inc.| CQ-Roll Call, Inc. | Getty Images Following a surge in the stock of electric vehicles over the last few decades, Bernstein says attention could be about to shift to the batteries that power EVs — and their environmental impact. The […]

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Elon Musk speaks out against Biden social-spending and climate bill

During the Tesla China-made Model 3 delivery ceremony in Shanghai, Elon Musk, CEO of Tesla gestures. Getty Images| AFP | Getty Images TeslaElon Musk CEO stated that he was against the President Joe Biden’s Spending Bill, drawing attention to his concern about the “insane” federal deficit. Musk stated late Monday that he would pay the […]

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Stellantis plans to generate $22.5 billion in new software revenue by 2030

2022 Jeep Grand Cherokee Summit 4xe Automaker StellantisThe company plans to earn about $22.5 billion (or 20 billion euro) annually in additional revenue through software subscriptions and services by 2030. Driving the growth will be an increase in the automaker’s so-called connected vehicles — stocked with GPS, infotainment systems, driver assistance and other technologies — […]

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Tesla is replacing faulty Autpilot cameras in some Model S, X, 3 cars

The Tesla Model 3 front seats were installed by robotics arms at Fremont, California’s Tesla factory on Thursday, 27 July 2018. Getty Images| The Washington Post | Getty Images Tesla has replaced repeater cameras at the front fenders on at least some hundred Model S and X vehicles manufactured in Fremont. The company did not […]

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Toyota to build $1.29 billion EV battery plant in North Carolina

Yichuan Cao | NurPhoto | Getty Photos Toyota Motor will construct a brand new $1.29 billion battery plant for electrified autos in North Carolina, the corporate introduced Monday afternoon. The corporate expects the power to be able to producing sufficient lithium-ion batteries for 200,000 all-electric and plug-in hybrid electrical autos when manufacturing is scheduled to […]

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Ford delays return-to-work program until March amid omicron variant

Ford Motor Company, Dearborn (Michigan) on January 19, 2021. Aaron J. Thornton | Getty Images DETROIT – Ford MotorThe delay in a return to work plan for salaried employees is due to concern about the rising number of Covid-19 cases in Michigan, and uncertain future prospects regarding the omicron variation. On Monday, the automaker informed […]

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Shares of EV start-up Lucid tank on SEC probe

Lucid Motors CEO Peter Rawlinson, poses in front of the Nasdaq MarketSite. Lucid Motors, (Nadaq : LCID) will begin trading on the Nasdaq stock market after completing the business combination with Churchill Capital Corp. IV in New York City. This was July 26, 2021. Andrew Kelly | Reuters Shares Lucid GroupThe shares fell by 17% […]

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Elon Musk has strong views on hydrogen. Not everyone agrees

At the Frankfurt Auto Show IAA, Frankfurt am Main Germany on September 13, 2017, a hydrogen-fueled car was seen. AFP | AFP | Getty Images TeslaElon Musk, CEO of Tesla Motors has a long history of strongly expressing his opinions on hydrogen and hydrogen fuel cell technology. When the topic came up at the Automotive […]

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Corruption probe leads to first overhaul of UAW elections in decades

Gary Jones (newly-elected president of United Auto Workers) addresses the 37th UAW Constitutional Convention in Detroit on June 14th, 2018, at Cobo Center.  Bill Pugliano – Getty Images News | Getty Images News | Getty Images DETROIT – A federal corruption probeThe merger into United Auto Workers led to the overhaul of its elections. This […]

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Musk exercises more options, sells Tesla shares worth $1.01 billion

Elon Musk is an entrepreneur and businessman. He gestures to the Tesla Gigafactory plant in Gruenheide. Patrick Pleul | AFP | Getty Images Tesla Chief Executive Elon Musk has sold another 934,091 shares of the electric vehicle maker worth $1.01 billion to meet his tax obligations related to the exercise of options to buy 2.1 million […]