Yahoo Finance automotive correspondent Pras Subramanian examines Tesla's choice to raise the price of its Model Y while Ford holds steady with the pricing of its Mustang Mach E after its recent price drop.
Several U.S.-based electric vehicle (EV) stocks were sliding Tuesday morning as investors balance increasing competition against growth initiatives. Rivian Automotive (NASDAQ: RIVN), Lucid Group (NASDAQ: LCID), and specialty EV maker Canoo (NASDAQ: GOEV) all sank between about 7% and 8% in early trading. Rivian confirmed it was expanding its product line to include electric bikes, reports Bloomberg.
(Bloomberg) -- Hertz Global Holdings Inc. ended last year with far fewer Tesla Inc. vehicles in its fleet than planned when the rental-car company was plotting its late 2021 stock listing.Most Read from BloombergQuake Toll Hits 4,000 in Turkey, Syria as Overseas Aid FlowsWall Street Goes Risk-On Without Powell’s Pushback: Markets WrapTrump Charges in Georgia Over 2020 Could Lead to Bigger Fed CaseMeta Asks Many Managers to Get Back to Making Things or LeavePowell Says Further Rate Hikes Needed a