China 2023 vehicle sales rise 12% - industry association
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 6/24/2026
- Wall Street ends lower on semiconductor selloff as AI spending concerns mount
- Alphabet added to Dow Jones Industrial Average, Verizon dropped
- Chip stocks plunge, but bargain-hunters limit scale of tech rout
- FedEx falls 4% as CY2026 profit forecast misses expectations despite Q4 beat
- Oil prices finish 1% lower as investors focus on Hormuz flows after peace talks
- Needham Starts NeoVolta (NEOV) at Buy
- NextEra to discuss paying about $76 per share for Dominion, Bloomberg News reports
- Wall Street ends lower on semiconductor selloff as AI spending concerns mount
- Campbell Soup (CPB) Declares $0.39 Quarterly Dividend; 7.7% Yield
- China, US, UAE police arrest 276 telecom fraud suspects in Dubai
Tesla (TSLA) trades down following price cuts in China
January 12, 2024 7:53 AM ESTShares of Tesla (NASDAQ: TSLA) are down more than 3% in pre-market trading Friday morning after the electric automaker officially reduced the price of their Model 3 and Model Y in China, with cuts ranging from Rmb6.5k to Rmb15.5k.
According to channel checks conducted by Morgan Stanley, the reduction was more moderate than what the... More
Jefferies names their top EV picks in China
January 11, 2024 10:21 AM ESTJefferies expects the sale of Chinese New Energy Vehicles (NEVs) will grow 30% YoY in 2024 as affordability improves and supply continues to be strong, driving NEV penetration up to c.44%.
Jefferies released their Top Picks in the Chinese EV segment, favoring OEMs with product lineups in blue ocean markets, advanced development in smart driving, and initiatives in overseas expansion.
Jefferies likes Changan and SERES from the Huawei partnerships. For OEMs outside Huaweis ecosystem, Jefferies chose BYD, XPeng (NYSE: XPEV), and Li auto (NASDAQ:... More
Shares fall as Tesla (TSLA) announces increased pay for U.S. workers
January 11, 2024 9:31 AM ESTShares of electric vehicle giant, Tesla (NASDAQ: TSLA) are trending down more than 1.5% in pre-market trading Thursday morning after it was announced that the company notified workers at its California car plant of pay increases across its US factories.
This announcement marks the latest bump by a nonunion automaker as the United Autoworkers Union (UAW) works to increase membership in the U.S.
Tesla's facility in Fremont, California, has announced a "market adjustment pay... More
