EV battery stocks to buy as competition heats up, Bernstein says

Automakers are increasingly piling into EV battery production, but Bernstein thinks these pure-play battery stocks will continue to dominate. “Vertical integration by auto OEMs’ [original equipment manufacturer] upstream into battery production is a risk to pure play battery makers and under increased discussion given some of the investments being made by industry players,” Bernstein’s analysts, … Read more

Why the first autonomous vehicles winners won’t be in your driveway

An Apollo Robotaxi runs at Shougang Park as Baidu launches China’s first driverless taxi service in the city on May 2, 2021 in Beijing, China. He Luqi | Qianlong.com | Visual China Group | Getty Images For years, Alphabet’s Waymo and others leaders have promised autonomous vehicles are just around the bend. But that future … Read more

Electric vehicle prices rise at Tesla, Rivian, GM and other carmakers

Tesla’s Model 3 at the Tesla store in Washington, D.C. Salwan Georges | The Washington Post | Getty Images Automakers from Tesla to Rivian to Cadillac are hiking prices on their electric vehicles amid changing market conditions and rising commodity costs, specifically for key materials needed for EV batteries. Battery prices have been declining for … Read more

Tesla boss Elon Musk blasts Biden, Democrats on Twitter

Tesla CEO Elon Musk on Friday blasted the Biden administration and Democrats on Twitter, as the world’s richest man doubled down on his vow to vote for Republicans. Musk in a tweet accused the Biden administration of doing “everything it can to sideline” and ignore Tesla, despite its dominance in the electric vehicle industry. Musk, … Read more

EV battery costs set to spike as raw material shortages drags on

Attendees look at the all-electric Ford F-150 Lightning pickup truck at the Washington Auto Show in Washington on Tuesday, January 25, 2022. Bill Clark | CQ-Roll Call, Inc. | Getty Images The cost to produce electric vehicles is primed to surge over the next four years, according to a new report, the result of scarcity … Read more

Argo AI robotaxis ditch human safety drivers in Miami and Austin

Argo AI begins driverless operations in Miami and Austin. Courtesy: Argo AI Robotaxi startup Argo AI said Tuesday it has begun operating its autonomous test vehicles without human safety drivers in two U.S. cities — Miami and Austin — a major milestone for the Ford- and Volkswagen-backed company. For now, those driverless vehicles won’t be … Read more

Spirit Airlines, Eli Lilly, Signature Bank and more

Spirit Airlines planes on the tarmac at the Fort Lauderdale-Hollywood International Airport on February 07, 2022 in Fort Lauderdale, Florida. Joe Raedle | Getty Images Check out the companies making headlines in midday trading Monday. Spirit, JetBlue — Shares of JetBlue Airways dipped 4.7% on news that the company’s offering $30 a share take over Spirit … Read more

Spirit Airlines, Carvana, Warby Parker and more

Take a look at some of the biggest movers in the premarket: Spirit Airlines (SAVE) – Spirit Airlines surged 19.3% in premarket trading after JetBlue (JBLU) launched a $30 per share tender offer for its rival airline. Spirit had rejected a prior bid by JetBlue, preferring to keep a previously struck deal to merge with … Read more

After the ‘hippie’ bus and Beetle, VW makes eyes at America once again

As Volkswagen looks to resurrect the Scout brand in the United States, CEO Herbert Diess has shed light on the decision, saying it represents an opportunity for the German auto giant to “become much more American.”  VW announced plans to re-launch the Scout as a fully-electric pick-up and “rugged” SUV last Wednesday, with prototypes due … Read more

How to buy stocks on the brink of a bear market

It seemed like everyone was in a buying mood on Friday, except Elon Musk. The Dow Jones Industrial Average broke a six-day losing streak, the Nasdaq Composite turned in its second positive session in a row, and the S&P 500 was up over 2%, a small step back from the brink of a bear market, … Read more