Tag Archives: Transportation

The 2020 Geneva Motor Show is canceled after the Swiss government banned gatherings of 1,000 people or more due to concerns over the coronavirus. Now, most of the companies including BMW and Bentley will livestream their new models to the public.After Geneva International Motor Show was canceled due to rapidly spreading coronavirus, carmakers BMW, Porsche and Bentley decided to debut their new cars online. This isn’t anything unexpected since this approach has been already taken by some...

While the coronavirus is expanding to new countries, already a row of major international events has been canceled. Now it has become known that the Geneva Motor Show will not take place this year.The Geneva Motor Show has been canceled as a result of the coronavirus outbreak and the fears that it may be lurking in large assemblies. The Swiss auto show is dabbed as one of the largest car exhibition shows in the world, where most high-end carmakers assemble to showcase their best models.Since...

While Tesla (TSLA) stock has fallen sharply over the last week, shares are still up 230% over the past six months. At the same time, the sales of Tesla’s vehicles in China are falling.Tesla Inc (NASDAQ: TSLA) stock dove over 12% on Thursday after it was announced that its car registrations in China almost halved in January compared with December 2019.It said:“Citing state-backed China Automotive Information Net, which gathers industry data based on insurance purchases, Bloomberg reported...

The sales of Aston Martin are falling as well as the price of the AML stock. However, the company hopes to survive. It also plans to offer wide freedom in customization of its DBX SUV.The sales of Aston Martin Lagonda Global Holdings PLC (LON: AML) have dropped. Sources indicate that the company is in distress yet again. It is also reportedly on the brink of bankruptcy. The stock of the company has fallen by about 10% since the company announced this. The company has indicated that it will...

Panasonic has announced that it will cease solar manufacturing operations at the Tesla factory by the end of May. The TSLA stock price is falling.The technological company Tesla Inc (NASDAQ: TSLA) decided to abandon its work on making solar cells with the Japanese electronics company Panasonic Corporation (TYO: 6752).Tesla (TSLA) stock yesterday lost 2%. And it continued falling. At the premarket trading, it lost around 5.6% and fell to $735. The market cap is 143.602 billion.Tesla and...

As the competitor of Tesla, Nio is discussing its future with the Hefei govt, NIO stock gained 30% on Tuesday. Today the stock keeps growing.Nio inc (NYSE: NIO) stock rose more than 30% on Tuesday. The rise happened after the company indicated a landmark agreement with the Heifei municipality in China.Could Nio becomes the new Tesla Inc (NASDAQ: TSLA)? The time will show. At the time of writing, NIO stock is trading at $4.60 indicating a rise of 4.55% within a trading day. TSLA is doing not...

Virgin Galactic stock dropped over 7% in the pre-market after the venture published its Q4 2019 results. The company did not meet the Wall Street’s expectations.Virgin Galactic Holdings (NYSE: SPCE), a space tourism company, has long stayed the winner in the extremely unstable market conditions. But following other tech companies, it has also admitted its defeat. While the whole market was in red, Virgin Galactic stock was rising. However, the soaring lasted until the company published its Q4...

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 a result of coronavirus fears, Tesla (TSLA) stock is hit hard, while other companies are also suffering. Three major stock indexes have plunged.After a sustainable growth, Tesla Inc. (NASDAQ: TSLA) stock plunged more than 7% on Monday. Closing down 7.5%, the company’s shares ended the day at $833.79. Tesla stock is hit hard as a result of the sell-off driven by coronavirus fears. However, it’s worth mentioning that after hours the price is moving up. Now the TSLA price is around $854...

Tesla’s expansion plans with higher manufacturing outcomes by the end of 2020 are currently in the doldrums as China’s automobile industry witnessed a 92% drop in sales due to the coronavirus outbreak. TSLA stock started falling.The coronavirus outbreak has massively impacted China’s automobile industry as manufacturing has taken a backseat. Wuhan city also called the Detroit of China, has been at the heart of this virus epidemic. But will coronavirus seriously affect such giants as Tesla...