It wasn’t long ago that nearly every electric vehicle (EV) stock was soaring in value. In 2021, for example, industry hype was at a fever pitch. Several EV companies — including Rivian Automotive and Lucid Group — debuted on the public markets with great fanfare, while conventional automakers were boasting about plans to aggressively expand their EV lineups.A lot has changed since then. And after a steep industry sell-off, it’s time to go bargain shopping. One iconic EV stock in particular should be capturing your attention right now.Is this famous EV stock finally a bargain?Tesla (NASDAQ: TSLA), the automaker led…
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By Timour Azhari and Muhammad Al Gebaly BEIRUT/CAIRO (Reuters) – Israel and Lebanon exchanged heavy fire into Sunday, with Israeli warplanes carrying out the most intense bombardment in almost a year of war across Lebanon’s south, while Hezbollah claimed rocket attacks on military targets in Israel’s north. The Israeli military said it struck around 290 targets on Saturday including thousands of Hezbollah rocket launcher barrels and said it would continue to strike targets of the Iran-backed movement. Israel closed schools and restricted gatherings in many northern areas of the country and the Israeli-occupied Golan Heights early on Sunday. Sirens sounded…
By Sarah Marsh BERLIN (Reuters) – The far-right Alternative for Germany (AfD) is predicted to come first in an election in Brandenburg on Sunday, seeking to build on gains in other eastern states this month and beat Chancellor Olaf Scholz’s Social Democrats in a traditional stronghold. The AfD became the first far-right party to win a state election in Germany since World War Two, in Thuringia, on Sept. 1 and just missed first place in Saxony. It is one of several far-right groups in Europe capitalising on worries over an economic slowdown, immigration and the Ukraine war – concerns that…
Dr. Karma Zuraiqi from RMIT University holds a vial of copper, a key component of the team’s new catalyst. Credit: Michael Quin, RMIT A new way of making ammonia, by harnessing the unique power of liquid metal, could lead to significant cuts in carbon emissions caused by production of the widely-used chemical. Ammonia is used in fertilizer to grow much of our food, but also plays a role in clean energy as a carrier to safely transport hydrogen. The global production of ammonia, however, comes at a high environmental cost: It consumes over 2% of global energy and produces up…
(Reuters) – Southwest Airlines has warned employees that it will soon make tough decisions as part of a strategy to restore profits and counter demands from activist investor Elliott Investment Management, Bloomberg News reported on Saturday.The airline is considering making changes to its flight routes and schedules to increase revenue, the report added, citing the transcript of a video message to employees by Chief Operating Officer Andrew Watterson.”I apologize in advance if you as an individual are affected by it,” Watterson said, according to the report, adding that he didn’t offer any details on the pending moves.Southwest did not immediately…
Neil Borate of LiveMint reported on June 25th 2024, that “₹800 crore has been redeemed from Quant since news broke of Sebi’s search and seizure operation on suspicion of front-running”. On June 26th 2024, Moneycontrol reported Quant Mutual Fund net equity outflow at Rs 1,398 crore or 1.5% of AUM post-SEBI front-running probe.Investors are faced with the question – should I exit or not? Content portals like us also face a dilemma – what is the responsible stand to take here?In a previous article – Quant MF Front Running Allegations: What should investors do? – We have already explained that in…
Illustration of the China and U.S. flag on a central processing unit.Blackdovfx | Istock | Getty ImagesThe U.S. Commerce Department is expected on Monday to propose prohibiting Chinese software and hardware in connected and autonomous vehicles on U.S. roads due to national security concerns, sources told Reuters.The Biden administration has raised serious concerns about the collection of data by Chinese companies on U.S. drivers and infrastructure as well as the potential foreign manipulation of connected vehicles. The proposed regulation would ban the import and sale of vehicles from China with key communications or automated driving system software or hardware.The department…
By Uditha Jayasinghe, Sudipto Ganguly COLOMBO (Reuters) -Sri Lanka’s Marxist-leaning leader, Anura Kumara Dissanayake, grabbed a commanding early lead on Sunday in his bid to become the next president of the debt-ridden country seeking to elect a leader to bolster its fragile economic recovery. Dissanayake won about 53% of a million votes counted so far in the election, Sri Lanka’s Election Commission data showed. Opposition leader Sajith Premadasa was second at 22%, ahead of President Ranil Wickremesinghe in third place. About 75% of the eligible 17 million people in the Indian Ocean island nation cast their votes in Saturday’s election,…
Just 5% of more than 4,000 projects in the global carbon-credit market are considered high quality, according to an analysis by MSCI Inc.The findings are the latest blow to the voluntary carbon-credit market, which has struggled amid revelations of offerings that fail to deliver promised emission reductions. In July, the Science Based Targets initiative, the world’s top arbiter of corporate climate goals, said a review that it conducted found most credits “ineffective.” Source link
A significant transformation is set to take place on Detroit’s east side as German automotive supplier Laepple Automotive prepares to take over the former Stellantis Mt. Elliott Tool and Die site. Laepple plans to invest $78.8 million into the facility, repurposing it into a modern stamping plant producing automotive parts. This development is expected to bring 173 jobs to the city, further contributing to the resurgence of Detroit’s automotive industry. Mt. Elliott Tool and Die Facility. (Google). The Mt. Elliott Tool and Die plant, initially built in 1938 by the Briggs Manufacturing Company, has a long and storied history. Chrysler…