Month: September 2019

U.S.-listed shares of Tesla rival Nio Inc tumbled more than 18% on Tuesday after the Chinese electric carmaker posted a drop in quarterly vehicle sales, blaming a cut in subsidies and weak demand. China has been steadily rolling back subsidies provided to ne…
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Volkswagens CEO charged by German prosecutors, Carlos Ghosn is still a thing, and Uber gets a short reprieve in London. All that and more in The Morning Shift for Tuesday, Sept. 24, 2019. 1st Gear: Dieselgate? Dieselgate! (This Time Its Stock Market Manipula…
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Chinas electric vehicle maker NIO landed on the New York Stock Exchange a year ago when investors were pouring billions of dollars into Chinas electric car industry. But its since become obvious that Chinas EV startups are money pits, not quick profit generat…
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What happened Shares of electric-car company Tesla (NASDAQ:TSLA) took a hit on Monday. The stock fell nearly 8% by 2:06 p.m. EDT The decline follows a report from Reuters that alleged Tesla CEO Elon Musk was aware of financial troubles at SolarCity before h…
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Major benchmarks gave up ground on Tuesday amid investor pessimism about geopolitical conditions. Between possible impeachment proceedings and the potential for new escalation in trade disputes between the U.S. and China, market participants were in no hurry …
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