Goldman Sachs, JB Hunt, Fox fall premarket; Bank of America, Lockheed Martin rise

IKEA invests £4.5 million in EV charging infrastructure projects for last mile fleet in the UK and Ireland

Swedish furniture retailer, IKEA announced today a £4.5million investment in a nationwide electric charging infrastructure, which will provide charging points for electric delivery vehicles across the country to enable more emissions-free deliveries.

The EV infrastructure forms part of IKEAs ongoing transformation to become even more affordable, accessible, and sustainable as it aims to reach 100% zero emission deliveries to customers by 2025.

The investment marks one of the biggest EV charging... More

Ford (F) to bring F-150 Lightning to Norway

American automaker, Ford (NYSE: F) announced Thursday that the company will be launching its F-150 Lightning electric pickup truck in Norway as it hopes to tap into high demand for electric vehicles globally.

In response to "overwhelming public demand" from Norwegian consumers, the F-150 Lightning will reach the country in 2024 as a special Lariat Launch Edition model. Customers in Norway, the worlds most progressive market for EV... More

Tesla (TSLA) factory where employee died had safety weakness

According to several news reports Wednesday, Government inspectors have concluded that Teslas (NASDAQ: TSLA) Shanghai factory where an employee died in a Feb. 4 accident has weaknesses in its safety measures.

Investigators found that two workers in the factorys wielding workshop didnt strictly follow safety rules during a shift... More

Baidu’s (BIDU) Jidu Auto skips Shanghai auto show due to marketing plans

Yicai Global, the financial news arm of state-owned media conglomerate, Shanghai Media Group reports today, citing a source at the company, that Baidu-backed Jidu Auto is absent from the ongoing Shanghai Auto Show because the event did not fit in with the automakers product marketing plans.

The Shanghai... More

Tesla (TSLA) slides following additional U.S. price cuts

Shares of Tesla (NASDAQ: TSLA) are trading down more than 2% in pre-market trading on Wednesday after the electric vehicle company cut prices for the sixth time this year.

Tesla's website showed late on Tuesday that it cut prices of its Model Y 'long range' and 'performance' vehicles by $3000 each and of its Model 3 'rear-wheel drive' by $2,000 to $39,990.

The cuts come... More

RBC Capital cuts price target on Tesla (TSLA) as price war weighs

RBC Capital reiterated an Outperform rating on Tesla (NASDAQ: TSLA) and cut their price target on the stock to $217.00 (From $223.00) as concerns are mounting that the electric vehicle maker may need to cut prices again to remain competitive.

RBC Capitals expectations are for Teslas Automotive Gross Margins to be pressured by price cuts. TSLA made multiple price cuts during the quarter,... More

Polestar (PSNY) to begin producing EVs in South Carolina starting in 2024

Polestar (NASDAQ: PSNY) Chief Executive Thomas Ingenlath attended the Shanghai Autoshow on Tuesday where he revealed to reporters that the premium electric vehicle brand plans to start production in South Carolina for U.S. and European markets starting in 2024.

Polestar was founded by... More

Comcast (CMCSA) well-positioned says Atlantic Equities, Citi remains a buyer

Two Wall Street analysts provided bullish commentary on Comcast (NASDAQ: CMCSA) in notes on Tuesday, with Atlantic Equities upgrading the stock to Overweight and Citi telling investors that they remain a buyer of the shares.

Atlantic Equities' Hamilton Faber also lifted the firm's price target on the stock to $44 from $36. The analyst... More