Tesla Inc
BYD’s five best-selling cars, including one edging out Tesla’s Model Y in China
BYD’s new luxury brand Yangwang is selling its first model, the U8, for more than 1 million yuan (US$160,000). CNBC | Evelyn Cheng BEIJING — BYD has overtaken Tesla again by the sheer number of new energy vehicles produced in 2023, thanks in part to the Chinese automaker’s hybrids and wide range of offerings in […]
BYD is set to beat Tesla for a second straight year after producing more than 3 million cars in 2023
BYD launched the BYD Seal in Europe at the IAA auto show in Munich, Germany. The electric sedan has a starting price of 44,900 euros ($48,479). Arjun Kharpal | CNBC BEIJING — BYD said Monday it produced more than 3 million new energy vehicles in 2023, putting the Chinese electric car giant on track to […]
Tesla cut EV prices in China more than BYD did for its flagship Han sedan this year, study finds
BYD’s Han electric car, pictured here at the 2021 Shanghai auto show, is one of the most popular new energy vehicles in China. Evelyn Cheng | CNBC BEIJING — Tesla cut prices for its electric cars in China by more than BYD did for its flagship Han sedan, according to analysis Wednesday from U.S.-based firm […]
Friday’s S&P 500 and Nasdaq-100 rebalance may reflect concerns over concentration risk
It’s arguably the biggest stock story of 2023: a small number of giant technology companies now make up a very large part of big indexes like the S&P 500 and the Nasdaq-100. Five companies (Apple, Microsoft, Amazon, Nvidia and Alphabet) make up about 25% of the S&P 500. Six companies (Apple, Microsoft, Amazon, Nvidia, Alphabet and Broadcom) […]
Cathie Wood’s Innovation ETF is up more than 30% in November, on pace for its best month ever
Cathie Wood, CEO of Ark Invest, speaks during an interview on CNBC on the floor of the New York Stock Exchange on Feb. 27, 2023. Brendan McDermid | Reuters Cathie Wood is about to notch her best month ever as her holdings of innovative technology stocks roared back from steep losses amid declining Treasury yields […]
Stock trading platform Robinhood to launch in UK after two failed attempts
A woman’s silhouette holds a smartphone with the Robinhood Markets logo in the background. Rafael Henrique | Sopa Images | Lightrocket | Getty Images Online investments app Robinhood said Thursday that it’s set to launch its platform in the U.K. in early 2024, marking the company’s third attempt at cracking international expansion. Features include the […]
Startup Li Auto is beating Tesla China’s EV sales
Chinese startup Li Auto sold more cars in October than Tesla’s China business did in October, according to the China Passenger Car Association. Nurphoto | Getty Images BEIJING — Chinese startup Li Auto sold more cars than Tesla’s China business did in October, according to the China Passenger Car Association. The startup sold a record […]
Tesla rival Xpeng presses ahead with driver-assist rollout in China, Europe
An Xpeng G9 electric vehicle at the Xpeng pavilion in the Open Space area during the Munich Motor Show (IAA) in Munich, Germany, on Sept. 5, 2023. Bloomberg | Bloomberg | Getty Images BEIJING — Chinese electric car company Xpeng said this week it plans to roll out driver-assist technology in Europe by the end […]
The ‘No. 1 question’ Ark Invest’s Cathie Wood gets on her website
The most popular question on Ark Invest’s website has nothing to do with investing in the U.S., according to the firm’s CEO and Chief Investment Officer Cathie Wood. “The No. 1 question on our website as we track these questions is: Why can’t we buy your strategies in Europe?” the tech investor told CNBC’s “ETF […]
Stocks making the biggest moves midday: Block, Truist, PepsiCo, Rivian and more
A pedestrian walks past a display of Skechers shoes. David Paul Morris | Bloomberg | Getty Images Check out the companies making headlines in midday trading. Skechers — The shoe company gained 1.6% after UBS reiterated its buy rating on shares. UBS said Skechers’ brand and products “continue to resonate with global customers.” Palantir Technologies […]