Stellantis (STLA) adopts airfreight strategy as Red Sea attacks disrupt supply routs

Wedbush comments on Elon Musk's AI ultimatum

Wedbush remains bullish on Tesla (NASDAQ: TSLA) with an Outperform rating and $350.00 price target after the electric vehicle giants CEO, Elon Musk commented on social media platform, X creating a stir overnight.

Musk said his post: "I am uncomfortable growing Tesla to be a leader in AI &... More

Stellantis (STLA) names new North America COO

Stellantis (NYSE: STLA) has announced the appointment of Carlos Zarlenga as the new Chief Operating Officer for North America, succeeding Mark Stewart. The carmaker aims to capitalize on "further improvements" in regional performance with this change. The effective date for the new... More

Stellantis (STLA) signs multi-billion euro deal with German rental firm

Fiat Chrysler-parent, Stellantis (NYSE: STLA) announced Tuesday that the Franco-American automaker has entered into a multi-billion euro agreement with European rental firm SIXT SE.

According to the announcement, Stellantis will sell SIXT up to 250,000 vehicles across Europe and North America over the... More

Tesla (TSLA) down following Elon Musk's AI ownership comments

Tesla (NASDAQ: TSLA) CEO Elon Musk revealed on social media platform X (formerly Twitter) that the multi-billionaire is uncomfortable with the idea of expanding the automaker's role in artificial intelligence and robotics without first securing a minimum of 25% of voting control of the... More

Stellantis (STLA) invests in Tiamat for sodium-ion battery tech

Detroit-based automaker, Stellantis (NYSE: STLA) announced Friday that the companys corporate venture fund, Stellantis Venture, is participating as a strategic investor in Tiamat.

Tiamat is a France-based battery manufacturer and is currently developing sodium-ion battery technology for commercialization.

Sodium-ion technology provides a more economical cost per kilowatt-hour and eliminates the need for lithium and cobalt. The... More

Shares fall as Tesla (TSLA) announces increased pay for U.S. workers

Shares 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