Stock futures are indicating a mostly lower start to the trading week as investors brace for a packed schedule, including congressional testimony from Federal Reserve Chairman Jerome Powell and the release of the monthly U.S. jobs report. New Additions to S&P 500 Exciting news for investors as Super Micro Computer and Deckers Outdoor are set to join the prestigious S&P … [Read more...] about Stock Market Weekly Update
Electric Vehicles
Nio Narrowed Q4 Losses
Nio, the electric vehicle maker, announced on Tuesday that its loss in the fourth quarter slightly narrowed while warning of a potential decrease in sales for the current quarter. In Q4, the company reported a net loss of 5.37 billion renminbi, down from 5.79 billion renminbi in the same period the previous year. Revenue, on the other hand, increased by 6.5% to 17.1 billion … [Read more...] about Nio Narrowed Q4 Losses
EVGO Stock Surges
EVGO Stock Surges with Strong Sales Performance and Guidance Impressive Growth Numbers EVgo stock experienced a significant surge on Wednesday following the electric-vehicle charging company's report of better-than-expected financial results and promising outlook for the future. Financial Snapshot Fourth-quarter sales of $50 million Adjusted Ebitda of negative $14 … [Read more...] about EVGO Stock Surges
Hyundai Offers Cash Bonuses to Make Electric Vehicles More Competitive
Hyundai, a leading automobile manufacturer, has taken a unique approach to make their electric vehicles (EVs) more competitive despite not qualifying for the federal government's $7,500 EV tax credit. The company has decided to lower the price of many of its EVs by that exact figure, offering cash bonuses as high as $7,500 to potential buyers in the U.S. This significant move … [Read more...] about Hyundai Offers Cash Bonuses to Make Electric Vehicles More Competitive
European Commission Delays Tariffs on Electric Vehicles
The European Commission has announced its plans to delay tariffs on certain electric vehicles exported between the European Union (EU) and the U.K. This move is aligned with the interests of carmakers in both regions. The proposed measure, which would have imposed a 10% tariff on electric vehicles with a significant number of parts made outside of the EU or the U.K., was … [Read more...] about European Commission Delays Tariffs on Electric Vehicles
