Another week, another lineup of news on the EV front. Reuters reported that Panasonic and Tesla Inc (NASDAQ: TSLA) jointly-operated battery factory will be increasing production.
2023 has been deemed as the year of the electric pickup. This particular vehicle is considered as the backbone of the automotive industry, especially in the U.S. But, as electrification transforms the entire industry, electrifying pickups can seem even more daunting for automakers compared to producing EVs.
With various cost-cutting efforts, HP Inc (NYSE: HPQ) succeeded to overcome yet another steep drops in PC sales as it delivered better than expected quarterly results.
2023 has already been named as the year of the pickup. Tesla Inc (NASDAQ: TSLA) is finally entering this market with its eagerly awaited Cybertruck that is finally entering protection and going on sale later this year.
While Tesla Inc (NASDAQ: TSLA) continues to expand its fleet with a range of electric models that suit various business needs, legendary automakers are pressured to play catch up or at least try to do so.
Last Thursday, Ford Motor Company (NYSE: F) revealed it has joined forces with no other than the EV king, Tesla Inc (NASDAQ: TSLA) so its electric vehicles can be charged at Tesla’s Supercharger stations across the U.S. and Canada.
The Gap Inc (NYSE: GPS) delivered better than expected results despite sale drops across all its brands and fourth quarter of net losses. Gap’s report comes after its peers, Urban Outfitters Inc.
On Wednesday, Nvidia Corporation (NASDAQ: NVDA) shares soared 26% upon strong first quarter results and AI-powered guidance that both shattered expectations, bringing its market value at close to $755 billion. On Thursday during premarket trading, they surged even 29%, bringing the company’s market value to