Twitter owner Musk backs Republicans on eve of U.S. midterms

Zoom (ZM) and Tesla (TSLA) to bring video conferencing inside your car

Zoom (NASDAQ: ZM) announced on Tuesday that the video conferencing company has teamed up with electric vehicle giant Tesla (NASDAQ: TSLA) to bring video conferencing capabilities to your car. The announcement came during Zooms annual Zoomtopia conference, where it typically teases new features to support remote calls.

The... More

Musk reverses decision on Twitter's 'official' label designation

Twitter owner Elon Musk has already stopped the new "official" designations on Twitter, reversing the decision after initially rolling out the label to various accounts on Wednesday.

Twitter product executive Esther Crawford provided specifics on how the new verification system will operate on Tuesday.

Crawford explained that some originally verified accounts... More

Tesla’s (TSLA) inventory grew at highest rate ever in October

According to brokerage data, Tesla (NASDAQ: TSLA) added to its electric vehicle inventory in Shanghai at its fastest pace ever in October. The company produced 87,706 Model 3s and Model Ys, but delivered 71,704 vehicles, leaving a gap of 16,002 China-made cars in inventory. The biggest gap between production and sales since Tesla opened its Shanghai Gigfactory.

Just last month, Tesla CEO Elon... More

Tesla (TSLA) recalls 40,000 U.S. vehicles

Electric car maker, Tesla Inc. (NASDAQ: TSLA) is down 1.10% in pre-market trading on Tuesday after the company announced a recall on 40,000 2017-2021 Model S and Model X vehicles. According to the recall, the vehicles may experience a loss of power steering assist when... More

Deutsche Bank cuts price target on Nio (NIO) ahead of 3Q report

Deutsche Bank Securities reiterated a Buy rating on Nio Inc. (NYSE: NIO) and cut the price target to $20.00 (From $39.00) ahead of the companys 3Q earnings report. The electric vehicle maker is scheduled to report 3Q earnings this Thursday Nov 10th before US market opens.

Deutsche Bank is expecting Nio to report a mostly decent quarter with the potential for a headline margin upside from regulatory credits. However, analyst... More

Lucid (LCID) files lawsuit against Texas over direct sales ban

Lucid Motors (NASDAQ: LCID), an American electric vehicle maker headquartered in California, has filed a lawsuit against the state of Texas over the state's rules on auto dealerships, which the EV startup labels "economic protectionism."

In a suit filed in Austin, Lucid said... More