Stay updated with breaking news from Benzinga Pro. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
China has become a highly competitive market for EVs, and companies are fighting tooth and nail to thrive.
Tesla's next catalyst is likely to be its annual shareholder meeting scheduled for June 13, while Rivian warned of near-term softness.
As high mortgage rates continue to influence the housing market, an increase in home sellers reducing their asking prices marks the highest level of price cuts in 18 months. Amid market adjustments, the median sale price still hit a record high this week, according to a Redfin report, pushing more potential buyers out of the market. With 6.4% of listings nationwide seeing price reductions — the most since November 2022 — and the median asking price dropping by roughly $3,000 last week, experts p
"Today's value push is seemingly born out of necessity following year of inflationary pressure that is increasingly weighing on cost-conscious consumers," KeyBanc said.