Being a transaxle car, replacing the worn clutch on today’s Nice Price or No Dice 924 may be a daunting task for many. Let’s see if its price and condition make up for that. While reading through the comments on last Friday’s heavily customized 2001 Honda Civic, I started to get a sense of how … Read more
Photo: Brandon Bell (Getty Images) The price of a tank of gas has been falling since it reached record levels in June, BMW saw its sales drop in the first half of the year, and one European nation experiments with free public transport. All that and more in The Morning Shift for July 8, 2022. … Read more
text size Production and demand for electric vehicles in China rebounded in June. Qilai Shen/Bloomberg Investors in electric-vehicle stocks should breathe a sigh of relief on Friday. Production and demand for electric vehicles in China rebounded in June after a Covid-19-induced lull. Deliveries in June at NIO (ticker: NIO ), Li-Auto (LI), and XPeng (XPEV) … Read more
This year has been inescapably awful for investors, as this chart on first-half performance shows. So in an environment where every short-term move seems to be a bad one, it might be worth getting a longer-term perspective. Monish Pabrai, the founder of both the Pabrai Investment Funds and the Dhando Funds and an author on … Read more
Washington, D.C. CNN — Tesla (TSLA) is increasingly turning to machines rather than humans as it attempts to develop autonomous vehicles. As part of Tesla’s plans to cut 10% of salaried staff, the company has laid off a significant number of its data annotation specialists. These specialists do grunt work that is critical to empowering … Read more
A person walks by a car dealership on June 10, 2022 in New York City. The Labor Department announced on Monday that consumer prices rose 8.6% last month from a year earlier. Inflation has risen to its highest level in four decades, raising the cost of airfare, hotels, vehicles, gas, and food. Image: Photo By … Read more
Text size Tesla stock is down about 16% for the current quarter. Nicholas Asfouri/AFP via Getty Images You’re here ‘s second-quarter delivery results are expected to arrive in early July. It has been hard to predict the numbers for a couple reasons: The first is production volatility from Covid-19 lockdowns in China, and the other … Read more
One Tesla model topped another to rank as the most “American-made” vehicle for 2022 in this long-running index that judges contenders based their US-based assembly line, major parts sourcing and other features. It’s Tesla’s TSLA, +9.35% Model Y earning the No. 1 ranking from Cars.com this year, the auto listing and news site announced Tuesday. … Read more
Electric vehicle maker NIO has been stuck in a range of roughly 10,000 monthly deliveries for almost a year. Courtesy Nio Text size Chinese electric vehicle maker NIO offers a cautionary tale for You’re here investors. What happened to its shares could happen to You’re here ‘s if volume growth at You’re here follows a … Read more
Look out above, the dip buyers are back in town. Stocks are soaring — for now — as Wall Street returns from a long holiday weekend, with Fed Reserve Chair Jerome Powell testifying in front of Congress this week. The buying mood comes after the S&P 500’s worst week since March 2020, including its fall … Read more