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Canada Imposes 100% Tariff on Chinese-Made EVs, Including Tesla Vehicles

Canada has announced a 100% tariff on Chinese-made electric vehicles (EVs), including those produced by Tesla, as part of a broader strategy to align with Western allies and protect domestic manufacturers. Tesla's shares fell by 3% on Monday following the announcement. The Canadian government revealed a 100% levy on Chinese-made EVs and a 25% levy…

ByPexecoAugust 27, 20240Comments

Stocks

EU Reduces Import Duties on Tesla’s China-Made EVs

The European Commission has significantly reduced the import duty on Tesla vehicles manufactured in China, potentially paving the way for a surge in sales across the region. Chinese EV exports to the EU experienced a sharp decline in response to the proposed tariffs. The EU has slashed an additional tariff on Tesla electric vehicles (EVs)…

ByPexecoAugust 21, 20240Comments

Stocks

Why Magnificent Seven Stocks Just Had Their Worst Day on Record

KEY TAKEWAYS The Roundhill Magnificent Seven ETF suffered its largest daily decline on record on Wednesday. Investors fled America's tech giants after earnings reports from Tesla and Alphabet raised concerns about the cost of artificial intelligence investments and the sustainability of the Mag Seven's blistering earnings growth. Still, the group is expected to report that…

ByPexecoJuly 25, 20240Comments

Stocks

Top Stock Movers Now: Tesla, Alphabet, AT&T, and More

KEY TAKEWAYS U.S. equities sank at midday Wednesday as tech stocks tumbled in the wake of disappointing earnings reports. Tesla shares plunged after the electric vehicle maker missed earnings estimates as it cut prices to boost sales. AT&T shares rose after the company posted better-than-expected postpaid phone net additions and free cash flow. U.S. equities…

ByPexecoJuly 24, 20240Comments

Stocks

Tesla Approaches Highest Share Price of 2024 as Analysts Raise Price Targets

KEY TAKEWAYS Tesla shares surged again Wednesday as analysts raised price targets for the stock after second-quarter deliveries beat expectations. Tesla shares are approaching their highest point of the year, and have risen almost 25% this week alone. Wedbush analysts raised their price target for Tesla and called it "the most undervalued AI play" on…

ByPexecoJuly 20, 20240Comments

Stocks

BYD may overtake Tesla to become the biggest EV seller in Europe

The Chinese carmaker BYD reported record sales in the second quarter, likely overtaking Tesla to become the biggest electric car seller globally, particularly in Europe and China. The largest Chinese carmaker, BYD, reported a record number of new energy vehicles (NEVs) in the second quarter, including pure electric vehicles (EVs) and plug-in hybrid cars (PHEVs).…

ByPexecoJuly 17, 20240Comments

Stocks

Optimism About Tesla Deliveries Boosts Its Stock

KEY TAKEWAYS Tesla is expected to release second-quarter delivery numbers Tuesday. Its shares gained today on optimism that the electric vehicle (EV) maker will post solid numbers. On Monday, Chinese EV rivals posted strong numbers, and their shares were up as well. Wedbush Securities analysts believe Tesla's growth in China is turning around. Tesla (TSLA)…

ByPexecoJuly 2, 20240Comments

TOP Stocks

Top Stocks To Watch in July

The S&P 500 closed at a record high seven times in June as a string of earnings reports from the likes of Broadcom (AVGO) and Oracle (ORCL) showed demand for artificial intelligence (AI) and the wares that make it work remained as healthy as ever. Heading into the second half of the year, the tech sector has momentum on its side…

ByPexecoJuly 1, 20240Comments

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Canada Imposes 100% Tariff on Chinese-Made EVs, Including Tesla Vehicles

EU Reduces Import Duties on Tesla’s China-Made EVs

Why Magnificent Seven Stocks Just Had Their Worst Day on Record

Tesla Approaches Highest Share Price of 2024 as Analysts Raise Price Targets

Optimism About Tesla Deliveries Boosts Its Stock

Top Stocks To Watch in July