Stock market today: Dow ends down as Powell talks up more rate hikes; Tech climbs

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Go back to Stock market today: Dow ends down as Powell talks up more rate hikes; Tech climbs

XPeng (XPEV) climbs after G6 priced below Tesla (TSLA) Model Y

June 30, 2023 1:12 PM EDT

Shares of Xpeng Inc. (NYSE: XPEV) are up nearly 14% and counting on Friday after the Chinese electric automaker revealed the starting price for the companys new G6 smart SUV is about 20% below the cost of Teslas (NASDAQ: TSLA) Model Y in the country.

The pricing comes at a time when EV giant Tesla's sales China... More

Carnival (CCL) now seen as 'long-term investment case' at Jefferies

June 30, 2023 8:00 AM EDT

Carnival Corp. (NYSE: CCL) was upgraded to Buy from Hold at Jefferies on Friday, with analyst David Katz raising the target price for the stock to $25 from $9 per share in a note.

Katz told investors that the leadership change, supply and demand recovery,... More

Polestar (PSNY) to adopt Tesla's (TSLA) NACS in US and Canada

June 29, 2023 9:51 AM EDT

Swedish automaker, Polestar (NASDAQ: PSNY) announced Thursday that they have signed an agreement with Tesla (NASDAQ: TSLA) to adopt the North American Charging Standard (NACS), allowing access to Teslas expansive Supercharger network for all Polestar drivers in the United States and Canada.

The press release detailed the companys plans to include the... More