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The Number That Complicates The Tesla Stock Story
Trefis65d agoneutral
The Number That Complicates The Tesla Stock Story

For any holder of Tesla (TSLA) stock, the long-term vision is captivating: a future of AI, robotics, and autonomous fleets. Management is backing this with a planned capital expenditure of over $25 billion for 2026. But while the company invests in a revolutionary tomorrow, one number from today’s financial reality deserves your full attention.

Tesla Is Worth More Than The Next 10 Car Companies Combined
24/7 Wall St.65d agoneutral
Tesla Is Worth More Than The Next 10 Car Companies Combined

Tesla (NASDAQ: TSLA) is not worth more than all the world’s car companies combined, although this is often raised in a “fake news” sort of way. A more accurate way to make the calculation is to note that the figure is close to 10x, or maybe slightly more, in aggregate. The numbers are still staggering. ... Tesla Is Worth More Than The Next 10 Car Companies Combined

General Motors analyst spots customer trend investors should watch
TheStreet65d agoneutral
General Motors analyst spots customer trend investors should watch

Outside of purchasing a home, buying a car is the most expensive purchase most people will make in their lifetimes. Now, companies like Tesla and General Motors are developing technologies that will add value to their vehicles beyond just transportation. On June 9, General Motors announced that it ...

UAW Reaches Tentative Deal to End Strike at Supplier to GM Trucks
The Wall Street Journal66d agoneutral
UAW Reaches Tentative Deal to End Strike at Supplier to GM Trucks

Unionized workers at a Michigan plant producing a key component for General Motors trucks have reached a tentative agreement for a new labor contract following a 10-day strike. “After 18 years of sacrifice, these workers are finally winning back a big chunk of what was taken from them,” United Auto Workers union President Shawn Fain said. The deal between the UAW and Dauch Corp., formerly known as American Axle means workers could soon return to the Three Rivers, Mich., factory where they produce axles for GM’s heavy-duty pickups, the Chevrolet Silverado and the GMC Sierra.

The Bull Case For GM (GM) Could Change Following New Battery And AI Initiatives In EV Strategy
Simply Wall St.66d agoneutral
The Bull Case For GM (GM) Could Change Following New Battery And AI Initiatives In EV Strategy

In recent days, General Motors has highlighted new battery initiatives, including a US$900 million Battery Cell Development Center and sodium-ion grid storage partnership, alongside expanded use of artificial intelligence and virtual engineering to shorten vehicle development times. Together, these moves suggest GM is working to cut electric vehicle costs, broaden into energy storage, and use AI to reshape how quickly it can refresh and launch products. We’ll now examine how GM’s push into...

Exclusive-GM may ditch LFP batteries for future EVs
Reuters66d agoneutral
Exclusive-GM may ditch LFP batteries for future EVs

By Abhirup Roy and Kalea Hall SAN FRANCISCO, June 10 (Reuters) - General Motors may scrap plans to use a lower-cost, iron-based battery chemistry that many automakers are using to cut electric-vehicle

Rivian’s Most Important Product Launches And The Stock Falls Apart
24/7 Wall St.66d agobearish
Rivian’s Most Important Product Launches And The Stock Falls Apart

Rivian (NASDAQ: RIVN) launched the vehicle that it has said for some time will be the key to its future. The R2 SUV is much less expensive than its current models. The base model (Launch Package) will cost about $58,000. The Rivian website put the price at $44,990. However, each is lower than Rivian’s two ... Rivian’s Most Important Product Launches And The Stock Falls Apart

Expert Warning: America’s Grid Is So Far Behind, Blackouts Are Coming Even Without AI
24/7 Wall St.66d agoneutral
Expert Warning: America’s Grid Is So Far Behind, Blackouts Are Coming Even Without AI

Dan Dreyfus, founder of Borneite Capital, warned on the All-In Podcast that America’s grid is in such poor shape that blackouts, when power is completely lost, and brownouts, when voltage is reduced, and electricity becomes less reliable, are coming from ordinary electrification alone. AI data centers are layering onto an existing problem. A Grid Frozen ... Expert Warning: America’s Grid Is So Far Behind, Blackouts Are Coming Even Without AI

General Motors follows Ford's lead into the battery business
Yahoo Finance Video66d agoneutralVIDEO
General Motors follows Ford's lead into the battery business

Yahoo Finance Senior Autos Reporter Pras Subramanian joins Julie Hyman on Market Catalysts to discuss General Motors' (GM) partnership with Peak Energy, placing a big bet on sodium-ion batteries. This comes one month after Ford (F) launched Ford Energy to develop energy storage batteries.

Space ETFs: Diversified funds offer protection from volatility
Yahoo Finance Video66d agoneutralVIDEO
Space ETFs: Diversified funds offer protection from volatility

In the latest installment of Yahoo Finance's ETF Report, TMX VettaFi head of research Todd Rosenbluth outlines what SpaceX's (SPAX.PVT) imminent IPO could mean for space ETFs, broader market indexes, and investors' portfolios. SpaceX is expected to go public on the Nasdaq this Friday, June 12, under the ticker SPCX, with the space operator aiming to price its IPO at $135 per share.