Elon Musk’s bet to sacrifice margins now for improved margins later when full self-driving software is completely integrated into Tesla cars failed to impress investors, sending the electric-vehicle maker’s shares down nearly 10% on Thursday. Musk, who has waged a price war against EV rivals since last year, signaled price cuts were here to stay…
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Banks are revving up their work with electric vehicle manufacturers by forging partnerships, offering vehicle financing and collaborating on digital tools. The sector is sizzling: Moody’s Investors Service reports that sales and announced launches of alternative fuel vehicles, especially battery electric vehicles, or BEVs, “are gaining momentum in the U.S. as auto manufacturers drive toward…
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Tesla (NASDAQ:TSLA) rose 11% after a similar gain on Thursday amid a research report about high demand for the EV maker’s Model Y in the U.S.Tesla total configurations (ex-Cybertruck) are on track to be up Y/Y and M/M based on data through Jan. 23, primarily driven primarily by high demand for the Model Y, according…
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The rideshare industry continues to make its slow crawl back to pre-pandemic levels with spending down 31.1% relative to 2019 levels for the week ending October 17th, according to data from research and analytics firm M Science. Uber held 71.8% of the total market for the week, while Lyft’s (NASDAQ:LYFT) market share fell to 26.9%.…
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