A week ago, Tesla investors were riding high, telling me and many others, "See, this stock is gonna do great." Their euphoria was understandable since shares of TSLA priced higher than anyone expected at $17 a share and took off from there.
Halfway through the year, it's becoming clear American auto buyers have re-discovered the two biggest American auto brands.
Toyota Motor says it intends to recall 138,000 Lexus vehicles in the United States to fix faulty engines in the latest quality problem at the world's No. 1 automaker.
It's Friday. Fourth of July weekend. My Worst Traffic Nightmare. Whether folks are driving from LA to Vegas, Miami down to the Keys, Manhattan to the Hamptons, many drivers will seriously consider turning around and going home at some point.
With Toyota reportedly on the cusp of another major recall, this time for faulty engines in 170,000 Lexus models worldwide, it's clear this company is far from getting out of the woods.
First of all, let's be clear about June auto sales. Yes, everyone will be up compared to June of last year. Big deal. June of last year the economy was even further in the tank, GM and Chrysler were in bankruptcy, and the auto industry was gasping.
Get the latest from the person Cramer describes as “the greatest turnaround artist of all time.”
At the end of the quarter, many portfolio managers look to wash their hands of losers and start anew. This is an opportunity for you. In spite of all our economic troubles, all of those stocks resting at 52-week lows are not as bad as their stock prices would suggest.
There are a lot of negative headlines out there, but Cramer sees some positives, too.
Taxation on a US corporation’s foreign profits, now on the financial reform table in Congress, is a major concern, incoming CEO of Caterpillar, Doug Oberhelman, told CNBC Tuesday.
Tesla is going public today under the symbol TSLA. To say this IPO has gone better than expected would be an understatement. It's pricing at $17 a share, above the range originally set out, and with the number of shares being offered expanding to 13.3 million, this IPO will raise more than $225 million dollars for Tesla.
If GM were to go public today, would you buy the stock? Share your opinion.
What’s to love about Tesla Motors? It’s a good story, but…how many times have we heard good stories from Wall Street on IPOs of companies that have ended up in the junkyard?
Want an autos buy? There’s a better deal coming, he says. Plus get trades on Obama’s push for more wireless spectrum and more.
Tesla, the high-end electric carmaker has expanded the number of shares it will offer when its stock starts trading this week. The company will now issue 20 % more stock at a price of $14-16 a share. All part of the Tesla plan to raise about $200 million.
The U.S. government has already spent billions on electric car programs and has publicly stated that it would like to see one million electric or hybrid vehicles on U.S. roads by 2015. That’s a terrific goal. Now, our leaders must create the infrastructure – not just for those million vehicles, but the 10, 20 and 30 million vehicles that will follow.
Next week the country's largest automaker and one its smallest will both be scrutinized by Wall Street and investors.
European companies that export their goods are sure bets for investing, two fund managers told CNBC Thursday.
China is going through the labor unrest and growing pains that you would expect in a country that pass up the U.S. in auto sales last year. In the last two months there have been strikes and labor unrest at different auto plants in China. Compared to some of the doozies in the past here in the U.S., these are mild. But I suspect this is just the beginning.
For years people have derisively said, "oh that's a chick car" when describing a certain model supposedly favored by women. Whenever I would hear people in the auto industry use this term, I'd think to myself, "Talk about making a broad, often incorrect generalization."