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Volkswagen investors return to criticizing CEO’s dual roles

Volkswagen investors return to criticizing CEO Oliver Blume's dual roles on Friday even after the company approved a roughly 9.6 billion euro ($10.2 billion) special dividend following the listing of Porsche AG.

Blume became CEO of the company in September but has continued as CEO of luxury brand Porsche even after... More

Tesla (TSLA) launches virtual power plant program 'Tesla Electric'

Electric vehicle maker, Tesla (NASDAQ: TSLA) recently launched a virtual power plant (VPP) program called Tesla Electric, where customers can sell electricity automatically from their Powerwall back to the grid. The program is currently only operating in Texas, and only select customers are invited to join.

Its a special electric plan for Powerwall owners. Tesla writes about its new product on its website: Solar and Powerwall can help you and your community accelerate the transition to sustainable energy. With Tesla Electric, your Powerwall automatically... More

RBC Capital cuts price target as Tesla (TSLA) pressure continues

RBC capital reiterated an Outperform rating on Tesla (NASDAQ: TSLA) and cut the price target to $225.00 (From $325.00) as the stock continues to feel pressure from concerned investors. Bears are concerned about how demand, pricing, auto-GMs and Elon Musks Twitter distraction are impacting the TSLA brand.

Analyst Joseph Spak wrote in a note,... More

BYD to launch new EV brand

Chinese automaker, BYD (OTC: BYDDY) announced today that the company will be launching a new "professional and personal" electric car brand in 2023. Brian Luo, the company's branding assistant general manager, made the comments at a media event. The new brand will be an... More

Tesla (TSLA) weakness continues as investors lash out at Musk

Shares of electric vehicle giant, Tesla (NASDAQ: TSLA) are down 2.66% near end of day trading on Wednesday, extending the stocks decline to its lowest level in more than two years as investors lash out at CEO Elon Musk's distraction from the electric car company following... More