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EV News 365 | Latest EV Stocks News
Wednesday, May 25, 2022

TESLA

Bitcoin plunges to lowest price since 2020 amid broader sell-off

0
Bitcoin bloodbath — The "stablecoin" tether briefly lost its peg to the dollar on Thursday morning. Timothy B. Lee - May 12, 2022 9:40 pm UTC R.Tsubin / Getty The price of one bitcoin briefly fell below $27,000 on Thursday morning, the lowest price for the cryptocurrency since 2020. The world's leading virtual currency bounced…

NIO Inc.

Why Nio Stock Is Falling Today

0
What happened  Some investors were dumping Nio's (NIO -8.56%) stock today after rival XPeng, another Chinese electric vehicle (EV) maker, reported its first-quarter financial results. XPeng's results were mostly good, but revenue could be hampered by COVID restrictions in the second quarter, which led to the company issuing lower-than-expected sales guidance for the quarter.  Nio…

Li AUTO

Li Auto stock rises 8% in a week after solid results...

0
On May 10, Li Auto (NASDAQ: LI), the Chinese electric vehicle (EV) manufacturer, posted better than expected earnings results. Despite beating estimates, the shares did not perform well as anticipated the resurgence of the Covid 19 pandemic hurt auto production and sales.  Li Auto earned roughly $1.5 billion in sales, and earnings per share (EPS)…

XPENG

XPeng Q1 Earnings: Look Beyond Short-Term Issues

0
Robert Way/iStock Editorial via Getty Images XPeng (NYSE:XPEV) has recently reported its Q1 2022 earnings and provided somewhat weak guidance for the next quarter, but long-term prospects remain good and its shares are undervalued, therefore it remains a great long-term play on the EV sector. As I’ve analyzed on previous articles, I’m bullish on XPeng…

NIKOLA

What Kind Of Shareholders Hold The Majority In Nikola Corporation’s (NASDAQ:NKLA)...

0
The big shareholder groups in Nikola Corporation (NASDAQ:NKLA) have power over the company. Generally speaking, as a company grows, institutions will increase their ownership. Conversely, insiders often decrease their ownership over time. I quite like to see at least a little bit of insider ownership. As Charlie Munger said 'Show me the incentive and I…

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US judge determines Elon Musk’s 2018 tweets were inaccurate and reckless

0
Show captionThe pre-trial decision by the judge represents a huge victory for the investors. Photograph: Joe Skipper/ReutersElon MuskTesla’s CEO had tweeted that the company had secured financing from Saudi Arabia and would be taken privateReutersWed 11 May 2022 14.15 EDTA US judge has determined that Elon Musk’s 2018 tweets that funding had been secured to…

Nio stock dives, Tesla slips toward 10-month low after XPeng’s disappointing...

0
The U.S.-listed shares of Nio Inc. NIO, -2.68% dove 4.8% in morning trading Monday, to buck the rally in the broader stock market, after fellow China-based electric vehicle maker XPeng Inc. XPEV, -5.54% provided a disappointing second-quarter revenue outlook. Nio's stock drop comes after it had bounced 29.3% over the past seven sessions, off the…

US stocks rise with the Nasdaq climbing more than 3% as...

0
Phil Rosen A trader works on the trading floor at the New York Stock Exchange (NYSE) in Manhattan, New York City, U.S., December 28, 2021. Andrew Kelly/Reuters The Nasdaq jumped over 3% as the major indexes regained some of their losses on a losing week of trading.  The Dow jumped as much as 545 points…

XPeng stock falls after narrower-than-expected loss, but downbeat revenue outlook

0
The U.S.-listed shares of XPeng Inc. XPEV, -7.13% fell 2.7% in premarket trading Monday, as the China-based electric vehicle maker reported a narrower-than-expected first quarter loss, but provided a downbeat revenue outlook. Net losses widened to RMB1.70 billion ($268.3 million), or RMB2.00 a share, from RMB786.6 million, or RMB0.99 a year ago. Excluding nonrecurring items,…

Elon Musk Says His Takeover of Twitter Is ‘On Hold.’

0
Mr. Musk said he wanted to confirm Twitter’s findings that spam and fake accounts make up less than 5 percent of its users.Elon Musk has said that ridding Twitter of fake accounts would be one of his top priorities after taking over.Credit...Pool photo by Patrick PleulMay 13, 2022Already one of the most unusual corporate takeover…

Musk looks to scrap Tesla margin loan with new Twitter funding

0
Tesla CEO Elon Musk speaks at an event in Hawthorne, California April 30, 2015. REUTERS/Patrick T. Fallon/File PhotoRegister now for FREE unlimited access to Reuters.comMay 12 (Reuters) - Elon Musk is in talks to raise enough equity and preferred financing for his proposed buyout of Twitter Inc (TWTR.N) to negate the need for a $6.25…

Twitter shares plummet as Musk raises new doubts about acquisition

0
Twitter shares plummeted Friday after new doubts about whether Elon Musk’s planned $44 billion acquisition of the platform would go through. The share price dropped more than 10 percent at market open, trading as much as 14 points below the nominal acquisition price of $54.20 a share. The proximate cause of the drop was a…

The Timing of Tesla’s Stock Split Could Be in Jeopardy

0
Tesla (TSLA -6.42%) is no stranger to the spotlight, and the company turned heads earlier this year when the electric vehicle maker revealed plans for a second stock split, less than two years after its first. Investors will recall Tesla's first paring of its shares, a 5-for-1 stock split, took place in Aug. 2020. A…

Why Nio Stock Zoomed 23% This Week and Could Head Higher

0
What happened Nio (NIO -1.32%) is wrapping up a solid week, with shares of the electric vehicle (EV) manufacturer jumping 15% so far through 11:30 a.m. ET Friday, according to data provided by S&P Global Market Intelligence. At its highest point during the week, Nio stock was up 23%. With billionaire investor stakes, analyst upgrades,…