EV Sales Surge, Uber Lawsuit, & More: Weekend Business Recap
Global EV sales surged 15%. Uber faces a discrimination lawsuit. NIO shares fell. Workers deported from Hyundai plant. Waymo gains praise. A busy weekend in business! #EV #Uber #NIO
Nio’s Onvo L90 Launch: Price, Specs, and Market Impact
Nio launched the Onvo L90 SUV, starting at RMB 279,900. Morgan Stanley reiterated a Buy rating, expecting the launch to be a catalyst. Nio shares rallied. Second-quarter sales expectations are $2.69B-$2.77B.
Tesla Has A New Chinese Electric Vehicle Competitor: How A Company That Used To Sell Cheap TVs Is Entering EV Race – Tesla (NASDAQ:TSLA)
Tesla IncTSLA has dominated the electric vehicle sector for years, but is seeing its global market share under pressure in China and other territories with Chinese EV companies launching low-cost models.