GM shares soar after record profit and new stake in lithium company

GM shares soar after record profit and new stake in lithium company

New York CNN — General Motors reported much stronger-than-expected earnings in the fourth quarter, pushing its full-year results to record levels for the second year in a row. The largest U.S. automaker also said on Tuesday it is buying a $650 million equity stake in Lithium Americas, giving it access to the raw material needed … Read more

Mustang Mach-E: Ford lowers the price of its Tesla competitor

Mustang Mach-E: Ford lowers the price of its Tesla competitor

CNN — ford increases production of its popular Mustang Mach-E electric SUV and lowers the sticker price weeks after Tesla lowered the prices of its vehicles. The move represents a substantial rollback of the price increases Ford announced last summer for the 2023 models, but buyers may still pay a little more than they did … Read more

Tesla stock jumps 11% to its best week in a decade

Tesla stock jumps 11% to its best week in a decade

The share of Tesla Inc. extended its rally on Friday, pushing weekly gains to nearly 35% as investors cheered the EV maker’s earnings and CEO Elon Musk’s assurance that demand isn’t a problem at Tesla. Tesla shares ended at their highest level since Dec. 9, when they closed at $179.05. The stock also extended its … Read more