Midday movers: Cava Group, Kroger, Lennar and more

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Autonomy is 'main driver' of Tesla (TSLA) value says Musk

June 16, 2023 1:48 PM EDT

Tesla (NASDAQ: TSLA) CEO Elon Musk attended Vivatech 2023 in Paris Friday where he revealed that his company is close to achieving fully autonomous vehicles, adding autonomy was the "main driver" of the brand's market value.

TSLA shares jumped by as much... More

Tesla (TSLA) China to offer time-limit insurance and loan incentives for Model 3

June 16, 2023 11:55 AM EDT

Tesla (NASDAQ: TSLA) China announced, via its official Sina Weibo account Friday, that the electric automaker is offering a limited-time incentive for the China-made Model 3.

The company announced that from June 16th to 30, customers who purchase and successfully take delivery of the... More

General Motors (GM) and Ford (F) executives comment on rebound of US consumer demand

June 15, 2023 2:39 PM EDT

Top executives from General Motors (NYSE: GM) and Ford Motors (NYSE: F) commented Thursday that new vehicle demand from U.S. retail and commercial customers is outpacing expectations.

Their comments highlight an optimistic report released by The U.S. Commerce Department indicating a surprising increase in retail sales for May as a growing number of Consumers are purchasing vehicles and various other goods.

"If the consumer remains at this strength, we could significantly outperform what we said" about full-year performance, General Motors Chief... More