CarMax joins Carvana in 2022 used vehicle woes as profits fall 86%
CarMax has announced cuts to hiring and stock buybacks in an effort to recoup from a devastating third quarter.
The company suffered an 86% profit decline in the last stretch of...
TSLA397.8008.9%
GM81.6803.63%
F12.9900.55%
RIVN17.4350.545%
CYD42.5850.2631%
HMC25.3050.945%
TM218.1405.28%
CVNA394.38032.14%
PAG162.3306.31%
LAD288.90014.03%
AN209.20010.91%
GPI351.65016.16999%
ABG214.39010.3%
SAH70.7303.36%
TSLA397.8008.9%
GM81.6803.63%
F12.9900.55%
RIVN17.4350.545%
CYD42.5850.2631%
HMC25.3050.945%
TM218.1405.28%
CVNA394.38032.14%
PAG162.3306.31%
LAD288.90014.03%
AN209.20010.91%
GPI351.65016.16999%
ABG214.39010.3%
SAH70.7303.36%
TSLA397.8008.9%
GM81.6803.63%
F12.9900.55%
RIVN17.4350.545%
CYD42.5850.2631%
HMC25.3050.945%
TM218.1405.28%
CVNA394.38032.14%
PAG162.3306.31%
LAD288.90014.03%
AN209.20010.91%
GPI351.65016.16999%
ABG214.39010.3%
SAH70.7303.36%
shareholders
Rare Tesla discount gets boost for holidays as investors worry over sales
In an extreme departure from form, the holiday Tesla discount will be doubled to $7,500 in the U.S.
The Tesla discount was already a rare sight when it was listed earlier...
Musk to vacate Twitter role as Tesla shares tank 8%
After multiple hits to Tesla share prices, Twitter CEO Elon Musk has confirmed he will resign from his position at the social media platform.
On Sunday, the entrepreneur hosted a Twitter...
Tesla stock downgraded after Elon Musk announces tentative Twitter departure
Elon Musk is no stranger to controversy, but the scrutiny around the billionaire entrepreneur hit an all time high in the wake of an eventful Monday which saw a Tesla...
Citigroup shows tentative support for auto-retailer Carvana
As analysts struggle to predict the future of the auto-retailer, Citigroup has labeled Carvana's stock as "neutral."
The brand saw massive profits in 2021 as a result of economic shifts after...
New report says Musk requested Tesla executives work at Twitter
According to information obtained by CNBC, Twitter and Tesla CEO Elon Musk enlisted the help of executives and high-ranking employees across his companies to help with his new platform.
While the...
Tesla shareholders surprised with unexpected stock upgrade
After a tumultuous year for Tesla shareholders, the automaker surprised analysts last Wednesday after Citigroup upgraded the company's share value to $174 from $141.33.
Citigroup analyst Itay Michaeli explained that, while...
GM predicts rosy financial future thanks to EV growth
GM announced last Thursday it expects its EV profits to match sales of gas-powered vehicles by 2025, five years earlier than initially projected.
Speaking to investors at GM's Investor Day, CEO...
Elon Musk testifies in court over $55 billion Tesla payment package
Elon Musk testified in court this Wednesday in a legal battle over his $55 billion contract with Tesla. The suit alleges that the automaker's directors acted against the interests of...
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