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StreetInsider.com Top Tickers, 6/23/2026
- Wall St tumbles on tech selloff as concerns about hawkish Fed, AI spending mount
- SpaceX extends losses after $600 billion wipeout, tech stocks slide again
- Oil steady as investors focus on Hormuz flows after peace talks
- South Korea leveraged ETF crisis sparks global chip selloff
- Trump announces nuclear deal with Iran, lifts Hormuz blockade
- Exclusive-China robot-hand-building unicorn Linkerbot targets $6 billion valuation
- Spain's ex-transport minister sentenced to 24 years for corruption
- China, US, UAE police arrest 276 telecom fraud suspects in Dubai
- Li Auto Inc. (LI) Breaks Ground on Chips R&D and Production Base
- 'Equal and opposite': BTIG's Krinsky sees sharp reversal ahead for chip stocks
U.S. EV shares slump following news of Lucid (LCID) and Fisker (FSR) poor 1Q results and production cuts
May 9, 2023 1:44 PM EDTU.S. electric automakers saw a decline in share prices Tuesday morning following cuts to production forecasts by Lucid Group Inc (NASDAQ: LCID) and Fisker Inc (NYSE: FSR), with Lucid sliding 9% in early trading.
Fisker shares were last down 5.3% after the company reported quarterly results. The company reported 1Q EPS of ($0.38), $0.08 worse than the analyst estimate of ($0.30). Revenue for the quarter came in at $198 thousand versus the consensus estimate of $6.33 million. The EV maker also announced... More
Barclays predicts April back step as EV penetration reaches 14% in March report card
May 9, 2023 8:11 AM EDTBarclays released a March EV report card as EV penetration reached 14%, up m/m and y/y, but still below elevated 4Q22. Analyst Dan Levy believes April is poised to be a slight step back in uptake, in-line with typical 1st month-of-quarter patterns. Tesla (NASDAQ: TSLA), however, had an impressive March share, benefiting from price cuts and an increased focus on low cost EVs exported from China.
China once again had the highest EV penetration rate among the major global regions (30% in March), yet was flat m/m.... More
Tesla (TSLA) to introduce 'end-to-end AI' in FSD v12 says Musk
May 8, 2023 12:16 PM EDTWith the imminent release of Teslas (NASDAQ: TSLA) Full Self-Driving (FSD) v11.4 to employees this week, Musk said the new version will feature so many major improvements and that it should becalled v12. However, The billionaire CEO commented on twitter that the v12 is reserved for when FSD is end-to-end AI, from images in to... More
Tesla (TSLA) to hold groundbreaking ceremony at Texas refinery Monday
May 8, 2023 9:45 AM EDTElectric vehicle giant, Tesla (NASDAQ: TSLA) will hold a groundbreaking ceremony Monday to celebrate construction of its new $375 million lithium refinery just outside Corpus Christi. The companys billionaire CEO Elon Musk and Texas Gov. Greg Abbott are both expected to speak at the event.
The Tesla lithium refinery in Texas will produce battery-grade lithium. Tesla has noted that it will... More
