EV maker, WM Motor files for bankruptcy
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- Nasdaq, S&P end lower as tech stocks fall
- Micron posts record profit as AI memory demand fuels explosive growth
- Brent settles at lowest since before start of Iran war as more tankers exit Hormuz
- All eyes on Micron earnings tonight as sell-off raises stakes for AI memory trade
- Alphabet added to Dow Jones Industrial Average, Verizon dropped
- Rescue work underway after quakes rock Venezuela, 'high casualties' likely
- Needham Starts NeoVolta (NEOV) at Buy
- Wall Street ends lower on semiconductor selloff as AI spending concerns mount
- NextEra to discuss paying about $76 per share for Dominion, Bloomberg News reports
- Campbell Soup (CPB) Declares $0.39 Quarterly Dividend; 7.7% Yield
XPeng (XPEV) Mentioned Positive at Morgan Stanley Following Checks
October 12, 2023 9:54 AM EDTMorgan Stanley analyst Tim Hsiao upgraded XPeng (NYSE: XPEV) from to Overweight with a price target of $25.40.
The analyst comments "Our checks suggest that order wait time for most G6 models has shortened to 7-8 weeks recently vs. 10-12 weeks in the past... More
Li Auto (LI) Mentioned Positively at Morgan Stanley, 'growing foot traffic'
October 11, 2023 9:29 AM EDTMorgan Stanley analyst Tim Hsiao reiterated an Overweight rating and $53.00 price target on Li Auto (NASDAQ: LI).
The analyst comments "Steady upturn in store traffic: Our latest checks suggest that overall foot traffic in Li Auto's flagship stores in Tier 1 cities grew... More
XPeng (XPEV) suspends supply chain head for corruption investigation
October 10, 2023 10:09 AM EDTChinese electric automaker, Xpeng (XPEV) announced Tuesday, the suspension of supply chain vice president, Li Feng for an investigation relating to corruption.
Xpeng has a strict stance against corrupt activities. We remain vigilant in identifying and rectifying any instances of corruption promptly, said a company spokesperson.
We would... More
Chinese EV maker Xpeng says vice president suspended for investigation related to corruption
October 10, 2023 6:04 AM EDTBEIJING (Reuters) - Chinese electric vehicle maker Xpeng said its vice president Li Feng has been suspended for an investigation related to corruption, according to a company statement on Tuesday.
Media reports earlier said Li was Xpeng's head of procurement.
"The incident affected a small area... More
