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

These are the cheapest stocks in the S&P 500 that could be buying opportunities

The last two months have been chaotic for Wall Street as big technology giants like Alphabet and Netflix stretch further into bear market territory and the S & P 500 verges on a bear market of its own. While the short-term selling could be far from over, the current market conditions may mark an opportune … Read more

Facebook IPO 10 years later — new name, same CEO, familiar problem

A decade ago, Facebook told the public markets that it was pouring money into smartphone apps because mobile usage was key to the company’s growth, even though it did “not currently directly generate any meaningful revenue” at the time. That was in the prospectus for its Nasdaq debut, which took place ten years ago Wednesday … 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

GM is betting its Ultium batteries will lead the automaker to EV dominance

General Motors once led the world in auto sales, and still, with some exceptions, leads the U.S. Now the automaker hopes to become a leader in electric vehicles on its home turf and beyond. The Detroit company has made massive investments in EV technology in a bet that its new Ultium platform — consisting of … Read more

Warren Buffett’s Berkshire Hathaway reveals new stakes in Paramount, Citigroup

OMAHA, Neb. — Warren Buffett’s company on Monday revealed all the investment moves it made in the first quarter, when it spent more than $51 billion on stocks. But Buffett had already shared the biggest investments with Berkshire Hathaway BRK.A, -0.16% BRK.B, -0.34% shareholders at the company’s recent annual meeting. That means investors already knew that … Read more

David Tepper added to three major tech stocks while selling GM and retail names

The hedge fund of billionaire David Tepper had an active first quarter, exiting positions in several major company’s while doubling down on a few tech names. Securities filings released Monday showed that Tepper’s Appaloosa Management was largely a seller of equities during the first quarter, with two exceptions among his top holdings. The hedge fund … Read more