ChargePoint Holdings Inc. (CHPT) PT Lowered to $14 at Roth/MKM
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- US futures fall on tech selloff as concerns about hawkish Fed, AI spending mount
- Nasdaq 100 set to shed over $1 trillion as tech selloff deepens; SpaceX slides
- 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
- Spain's ex-transport minister sentenced to 24 years for corruption
- Exclusive-China robot-hand-building unicorn Linkerbot targets $6 billion valuation
- 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
EPA to scrap proposed EV volumes from biofuel blending rule
June 6, 2023 2:38 PM EDTReuters reports today, citing three unnamed sources familiar with the matter that the Biden administration is planning to discard a proposal to include the electric vehicle industry into the U.S. biofuel blending program. Additionally, the administration intends to retract tradable credits worth potentially billions of dollars that were associated with this initiative.
It was first reported in early May that the Environmental Protection Agency (EPA) was considering delaying the EV program over concerns the plan could trigger lawsuits. The... More
Ford's (F) deal with Tesla (TSLA) charges up industry and sparks standardization talks
June 6, 2023 7:58 AM EDTThe recent move by Ford Motor Co (NYSE: F) to grant its customers access to Tesla's (NASDAQ: TSLA) electric-vehicle charging network has caused significant waves in the industry. This decision has sparked discussions about the need for a standardized charging infrastructure across the United States and has also cast uncertainty on the future of struggling charging startups.
The deal, announced last month, outlined plans to provide drivers of Ford vehicles in North America with access to over 12,000 Tesla Superchargers, starting in 2024. Under the deal, Ford will... More
DA Davidson cuts estimates on Chargepoint (CHPT), maintains Buy
June 5, 2023 3:27 PM EDTDA Davidson reiterated a Buy rating on ChargePoint Holdings (NYSE: CHPT) and cut their 12-month price target on the stock to $15.00 (From $18.00) after adjusting estimates through their FY25 modeling period.
Analyst Matt Summerville reduced DA Davidsons top-line outlook for FY24/FY25,... More
