TSLA

The Dow hit a record high as the Nasdaq and Tesla rebounded. GME stock doubled. Nvidia led key earnings movers near buy points.

In this article we discuss the top 10 car company stocks to invest in. You can skip our discussion of the automotive industry outlook and some highlights of Lucid Motors CEO’s recent interview and go directly to Top 5 Car Company Stocks To Invest In. Car company stocks took a beating in 2020 amid falling […]

Surging EV sales fueled first-ever Li Auto earnings in Q4. Li Auto stock rose strongly before the open, with key Chinese EV stock rivals also higher.

Tesla Inc has told workers it will temporarily halt some production at its car assembly plant in California, Bloomberg News reported on Thursday, citing a person familiar with the matter. Workers on a Model 3 production line in Fremont were told their line would be down from Feb. 22 until March 7, according to the report. The report did not clarify the reason for the halt and Tesla could not be immediately reached for comment.

Workers on a Model 3 production line in Fremont were told their line would be down from Feb. 22 until March 7, according to the report. The report did not clarify the reason for the halt and Tesla could not be immediately reached for comment. It was also unclear how much volume or revenue Tesla would lose due to the production halt.

The mini electric vehicle being made by China's biggest carmaker is now outselling Tesla two to one.

A record half-billion dollar redemption from Ark Invest's flagship fund in a single day has led analysts to highlight the risks arising from the ETF's heavy exposure to illiquid stocks if outflows pick up pace. A 20% pullback in Tesla shares over the past three weeks, the biggest holding of the exchange-traded fund Ark Innovation set up by star investor Cathie Wood has triggered a rush among investors to sell some of their holdings. "They won't find liquidity in many of these stocks," said Ben Johnson, director of global ETF research at Morningstar.

France's Neoen has won A$160 million ($128 million) in cheap finance from the Australian government to help fund what will be one of the world's biggest batteries, which it said is on track to be up and running later this year. The energy storage project, dubbed the Victorian Big Battery, will be able to produce 450 megawatt hours (MWh) of electricity, more than double the capacity of Australia's first utility scale battery, also run by Neoen. Neoen has not disclosed the total cost of the project.

Tesla Inc (NASDAQ: TSLA) Model 3 is facing stiff competition in China from a budget electric vehicle built under a joint venture with General Motors Company (NYSE: GM) as a partner, BBC reported on Wednesday. What Happened: The Hong Guang Mini EV built by Wuling — a partnership between China’s state-owned SAIC Motor and GM — is priced in China at $4,500. An air-conditioned model is available for just above $5,000, according to BBC. In comparison, the Model 3 sells for nearly $39,000 in China. In January, the Hong Guang Mini EV sales reportedly exceeded those of Model 3 by nearly two-to-one. While the SAIC-GM-made vehicle sold 25,778 units in China, the Model 3 sold 13,843, according to the China Passenger Car Association. Why It Matters: The coronavirus pandemic is spurring people to drive their own cars instead of taking public transport, according to Shaun Rein, managing director of the China Market Research Group, as per BBC. According to Reuters, the two-door Hong Guang Mini was also the best-selling electric vehicle in China in August. In the meantime, Tesla has also been facing increasingly tough competition from traditional automakers such as Volkswagen AG (OTC: VWAGY) in Europe. Price Action: Tesla shares closed nearly 6.2% higher at $742.02 on Wednesday and fell 0.51% in the after-hours session. Image: Wuling Motors Click here to check out Benzinga’s EV Hub for the latest electric vehicles news. See more from BenzingaClick here for options trades from BenzingaUS Needs To Make Batteries On A Large-Scale To Avoid Chip-Like Shortage, Says Ford CEONio, Xpeng, Li Auto CEOs Bleed B In EV Market Carnage Led By Tesla© 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

Two years ago Tesla chief executive Elon Musk proudly claimed there was still no battery car that could compete with the Model S he launched in 2012. At the time, it was true — and even models from Porsche and Jaguar in 2020 failed to match the specs of his eight-year-old electric vehicle. “Still waiting,” Musk quipped.

Shares of Churchill Capital IV (NYSE: CCIV) plunged 18.5% on Wednesday, following the special purpose acquisition company's deal with electric vehicle maker Lucid Motors. Churchill's stock price surged to a high of $64.86 on Feb. 18 following reports that the SPAC was in talks to merge with Lucid. Churchill Capital IV's stock price is down sharply since announcing its deal with Lucid Motors.

Tesla Inc (NASDAQ: TSLA) continued its recovery off of Tuesday morning’s lows, but the stock remains down about 14.8% since it announced the company purchased .5 billion of Bitcoin (CRYPTO:BTC) on Feb. 8. Some traders are now concerned that Bitcoin prices are primarily dictating the direction of Tesla’s stock price, but DataTrek Research co-founder Nicholas Colas said Wednesday there’s another phenomenon weighing on Tesla at the moment. Bitcoin Prices Not Hurting Tesla: Colas said the relatively small $1.5 billion Bitcoin investment hasn’t created a sizable risk for Tesla’s balance sheet, given Tesla reported about $19.4 billion in cash as of the end of 2020. Colas estimates that cash gives Tesla a two-year cushion, even if its auto business shut down completely. Instead, what’s likely weighing on Tesla’s stock is the fact that visionary CEO Elon Musk is investing Tesla’s cash outside of the electric vehicle space for the first time. “Tesla has a great valuation because investors are excited by Musk’s vision of a green and possibly autonomous transportation future,” Colas said. “The minute a company starts investing outside its core competence investors have to consider what valuation multiple that new investment merits.” Related Link: Long Bitcoin And Short Tesla? Here's Why Elon Musk 'Essentially' Made That Case Capital Allocation Questions: Historically, Colas said the market doesn’t value financial speculation very highly. Tesla’s share price may not be driven by the company’s Bitcoin position. Instead, the sell-off is likely coming in response to Musk’s capital allocation decisions. Colas said Musk has a proven track record of convincing the market that he makes decisions that will ultimately result in outsized, long-term valuations. However, at this point, Bitcoin doesn't yet have that consensus reputation on Wall Street. Benzinga’s Take: Colas has previously discussed the conglomerate valuation problem created by Tesla diversifying its investments away from EVs and toward cryptocurrencies. Underperforming businesses and investments within a conglomerate drag down the average valuation of the conglomerate because cash flow from the successful businesses ends up being used to support the lagging ones. Musk’s Bitcoin investment either tells investors that he believes Bitcoin is a better investment than Tesla’s EV business is at the moment, or Bitcoin will weigh on the long-term valuation of Tesla’s EV business if the cryptocurrency underperforms in the years ahead. Photo credit: Public domain. Latest Ratings for TSLA DateFirmActionFromTo Feb 2021Morgan StanleyMaintainsOverweight Feb 2021Piper SandlerMaintainsOverweight Jan 2021Deutsche BankMaintainsBuy View More Analyst Ratings for TSLA View the Latest Analyst Ratings See more from BenzingaClick here for options trades from BenzingaWhy Doug Kass Says ARK Invest Unwind A 'Bona Fide Market Risk Now'Robinhood, Citadel, Melvin Capital CEOs Grilled In Response To Reddit, Hedge Fund Short Squeeze Drama© 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

Shares on Wall Street ended higher on Wednesday, as a selloff in technology-related stocks eased and a rotation into cyclical shares continued after Federal Reserve Chair Jerome Powell's comments calmed inflation worries. The Nasdaq index, which traded as much as 1.3% lower earlier in the session, regained its footing by early afternoon and closed up. The Dow hit a record high earlier in the session.

(Bloomberg) -- Cathie Wood’s main exchange-traded funds whipsawed on Wednesday as bond yields surged anew and data showed investors pulled a record amount of cash from the firm during this week’s tech selloff.In a very volatile session, the flagship ARK Innovation ETF (ticker ARKK) closed lower, following its worst two-day rout since September. The fund’s been battered by the rapid increase in Treasury yields, which have caused investors to think twice about the priciest corners of the stock market.Both the ARK Genomic Revolution ETF (ARKG) and the ARK Next Generation Internet ETF (ARKW) ended in the green, but away from session highs. Tesla Inc., Wood’s biggest bet at her firm Ark Investment Management, climbed after a four-day selloff. Bitcoin, another favorite, also gained while still trading below $50,000.The moves followed data this morning showing investors withdrew an unprecedented $465 million from ARKK on Monday, as well as $202 million from ARKG and $119 million from ARKW -- each a record amount.Worryingly for Wood, there could be worse to come given the one-day delay in reporting flow data. On Tuesday, ARKK more than doubled its trading volume record set just a day earlier.For now, the outflows are a fraction of Ark’s ETF assets under management, which as of last week amounted to more than $60 billion. Wood told Bloomberg Radio on Tuesday she welcomed the correction, and that she was using it to buy more shares of Tesla.Read more: Cathie Wood Buys the 13% Dip in Tesla as ARKK Slips Again “Assets in ARKK have ballooned in size in 2021 as some momentum investors chased the ETF higher,” said Todd Rosenbluth, CFRA Research’s director of ETF research. “Such demand can and often shrinks when losses are incurred. However, even with the outflows the fund remains far larger than it was at year-end, let alone a year ago.”ARKK’s assets dropped by about $3 billion from the end of last week to $25.2 billion, the data show.After its stellar run of inflows and triple-digit returns in 2020, bearish bets have been mounting in the ETF. Short interest has risen to the highest on record, at more than 3% of the available shares in the fund, according to data from IHS Markit Ltd.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.

Tesla has a slew of rivals coming for its crown, but it can hold on to its enormous market lead if it can focus on its vehicles and continue its global expansion.

Fisker stock surged as the EV startup announced a collaboration with Apple partner Foxconn to make a yet-to-be-named electric vehicle.

Intuit CEO Sasan Goodarzi chats with Yahoo Finance Live about the outlook for tax season.

Shares on Wall Street ended higher on Wednesday, as a selloff in technology-related stocks eased and a rotation into cyclical shares continued after Federal Reserve Chair Jerome Powell's comments calmed inflation worries. The Dow hit a record high earlier in the session. Volume was more than two times the 10-day moving average, and shares were halted by the New York Stock Exchange.

The Dow Jones rallied after N.Y. Sen Chuck Schumer made a bullish stimulus prediction. Boeing stock rose, Tesla stock rallied. Apple stock fell. Bitcoin rose.

Shares on Wall Street rallied on Wednesday, with the Dow hitting a record high, as a selloff in technology-related stocks eased and a rotation into cyclical shares continued after Federal Reserve Chair Jerome Powell's comments calmed inflation worries. The Nasdaq index, which traded as much as 1.3% lower earlier in the session, regained its footing by early afternoon and moved higher. Powell told lawmakers on Wednesday it may take more than three years to reach the central bank's inflation goals, a sign the Fed plans to look beyond any post-pandemic spike in prices and leave interest rates unchanged for a long time to come.