News by Michael Elkins on Investing.com

XPeng unveils its G6 electric SUV at Auto Shanghai By Investing.com - Apr 18, 2023

By Michael Elkins The Shanghai Auto show kicked off Tuesday after last year's COVID hiatus, with many automakers eager to promote their brands. Chinese EV maker Xpeng (NYSE:XPEV)...

Lordstown resumes production of Endurance, signs service deal with Amerit By Investing.com - Apr 18, 2023

By Michael Elkins Lordstown Motors Corp (NASDAQ:RIDE) said Tuesday that the Ohio-based electric vehicle company has resumed production and deliveries of its Endurance electric...

Polestar to begin producing EVs in South Carolina starting in 2024 By Investing.com - Apr 18, 2023

By Michael Elkins Polestar (NASDAQ:PSNY) Chief Executive Thomas Ingenlath attended the Shanghai Autoshow on Tuesday where he revealed to reporters that the premium electric vehicle...

CEO Tim Cook 'excited' as Apple opens its first store in India By Investing.com - Apr 18, 2023

By Michael Elkins Apple (NASDAQ:AAPL) opened its first store in India on Tuesday, highlighting the importance of the market to the company’s future. Apple CEO Tim Cook has long...

Morgan Stanley cuts price target on Rivian as challenges evolve; reiterates Overweight By Investing.com - Apr 18, 2023

By Michael Elkins Morgan Stanley reiterated an Overweight rating on Rivian Automotive (NASDAQ:RIVN) and cut the price target on the stock to $24.00 (From $26.00) as analysts...

Li Auto plans to nearly triple EV line-up by 2025 By Investing.com - Apr 18, 2023

By Michael Elkins Chinese electric automaker, Li Auto (NASDAQ:LI) announced Tuesday, plans for the company to expand its line-up to 11 models by 2025, up from four currently,...

CEO William Li says Nio 'will certainly not join the price war' By Investing.com - Apr 18, 2023

By Michael Elkins Chinese electric automaker, Nio Inc (NYSE:NIO) told CNBC in an interview that the company will not cut prices. “For us, we will certainly not join the price war,”...

Bank of America raises price target on e.l.f. Beauty as momentum continues By Investing.com - Apr 17, 2023

By Michael Elkins Bank of America reiterated a Buy rating on e.l.f. Beauty (NYSE:ELF) and raised the price target on the stock to $105.00 (from $75.00) after the company’s share...

U.S. Supreme Court declines bid by GM to take up dismissed case against Fiat Chrysler By Investing.com - Apr 17, 2023

By Michael Elkins The U.S. Supreme Court on Monday declined to take up a dismissed racketeering case General Motors (NYSE:GM) brought against Fiat Chrysler Automobiles, now known...

U.S. Treasury announces VW, BMW, Nissan, Rivian and others lose access to tax credits By Investing.com - Apr 17, 2023

By Michael Elkins The U.S. Treasury announced Monday that automakers Volkswagen (ETR:VOWG_p), BMW (OTC:BMWYY), Nissan (OTC:NSANY), Rivian Automotive Inc (NASDAQ:RIVN), Hyundai...