Tag Archives: general motors

The US Inflation Reduction Act propelled LG Energy Solution to an astounding income haul in its Q1 2023 results.  LG Energy Solution Ltd recently posted its Q1 2023 earnings, revealing a more than double profit haul. For the first quarter of the year, the Seoul-based battery company posted a 145% jump in profit and a 101% revenue rise to 8.7 trillion won. LG Energy Solution’s reported operating profit for the year’s first three months was 633 billion won (S$633.1 million). A year ago, the...

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Tesla has just bought a whole lot of bitcoin for itself, but according to a report by JPMorgan, people shouldn’t expect this move to be repeated by other major companies, as bitcoin is still too volatile to take seriously.JPMorgan Is Doubtful That Tesla Made Any Serious HeadwayThe electric car company owned and operated by South African entrepreneur Elon Musk recently made a real dent in the crypto space when it decided to purchase roughly $1.5 billion worth of the world’s number one digital...

Bitcoin is making a huge mark on the financial industry as of late. This is potentially due to recent activity from electric car company Tesla, which has purchased as much as $1.5 billion worth of the currency in the past week. The company is also looking into possibly allowing bitcoin as a method of payment for goods and services. General Motors – one of Tesla’s biggest competitors – has now come out to say that while it won’t be investing in the digital asset anytime soon, it will closely...

Tesla (TSLA) stock is in the green now. Tesla, GM, and Ford have been given the go-ahead to ramp up the production of ventilators used in the treatment of coronavirus patients.Tesla Inc (NASDAQ: TSLA) stock is now trading at $433.91 which indicates a 1.49% growth. Previously, the stock closed at $427.53 after retesting the all-time lows. A closer look at the market chart on the higher time frame, the free fall might not be over for the electric auto car maker. The fall comes a time when the...

Looking for the next stock in the market which can ensure a better retirement for you? Ignore Tesla (TSLA) stock at your own risk!With a solid performance over the last two quarters, Tesla has sent shivers to its competitors in the automobile industry. In just the last six months, Tesla Inc (NASDAQ: TSLA) stock has jumped over 200% making it the second-largest global automobile after Toyota Motor Corp (TYO: 7203). And probably it could be a good reason to buy Tesla (TSLA) stock these days.The...

GM says its battery technology will allow electric cars to travel 400 miles on a single charge without compromising driving performance. GM reacted positively, having gained over 3% yesterday.Chief Executive of General Motors Company (NYSE: GM), Mary Barra, announced on Wednesday that the company plans to invest $20 billion in the development of electric and automated vehicles. The investment should be through by 2025 and it’s meant as a direct challenge to Tesla Inc (NASDAQ: TSLA). This...

Tesla (TSLA) shares are now trading at $782.42. The stock has gained 171% in the past 12 months, and the current downfall is quite painful for the company.Amid the spreading coronavirus fears, the situation on the market is worsening, with tech giants’ shares tanking. Even Tesla Inc (NASDAQ: TSLA) stock dropped greatly. The carmaker’s shares plunged by more than $100 in just two days. As we have recently reported, Tesla (TSLA) stock plunged more than 7% on Monday, closing down 7.5% at...

As part of the of its $2.31 billion worth of stock offering, Musk himself purchased 13,307 TSLA shares at a price of $767 per share worth a total of $10 million. Elon Musk raising his stake in Tesla is a vote of confidence for the investors.On Wednesday, February 19, electric car maker Tesla Inc. (NASDAQ: TSLA) revealed the closure of its common stock offering in the open markets. Soon as the announcement came, the TSLA stock skyrocketed above $900 levels in just a few trading hours.In the...

Optimism over Tesla’s growing solar business has added more fuel taking the TSLA stock price above $900 billion. Some experts expect Tesla’s solar business to generate $165 billion in annual revenues in a few years from now.There’s seems to be no stopping to the Tesla bull-run these days! On Wednesday, February 19, the Tesla (TSLA) stock price surged a whopping around 7% in its biggest single-day-jump in the last two weeks.Tesla (TSLA) Stock Price MovementsDuring the day closing, the Tesla...