Registrations of China-built vehicles from Tesla (NASDAQ:TSLA) fell 24% in July compared with June, a fresh sign of the growing threat posed by rapidly increasing competition in that market. There w…
Read More
Month: August 2020
Why General Motors Stock Is Surging Today
What happened Shares of General Motors (NYSE:GM) were moving higher on Monday, after a Deutsche Bank analyst argued that GM should spin off its electric-vehicle (EV) business. As of 1:30 p.m. EDT,…
Read More
3 Stocks to Avoid This Week
I took a look at three stocks to avoid last week, and I was totally off the mark. For the first time since I started this weekly column in early June, the average return of the three stocks I picked …
Read More
S&P 500 News: Buffett Sells Oil Stocks, Buys Gold Miner; GM Shares Surge on EV Spinoff Idea
The S&P 500 Index (SNPINDEX:^SPX) gained 9.1 points, or just under 0.3%, on Monday. This marks another relatively quiet day for the index, which makes up about 80% of the entire U.S. stock market…
Read More
Should GM Create an EV Spinoff? It’s Complicated
Investors have spurned traditional automakers in recent years. Meanwhile, electric vehicle (EV) start-ups with big ambitions have garnered high valuations. The divergence in fortunes between EV stock…
Read More