Tesla stock struggles to rise despite reporting record earnings

On Monday, Tesla’s (NASDAQ:TSLA) record earnings report knocked it out of the park by most measures. But while sales and earnings went up, its stock remained flat. What’s the big deal? Despite rising material costs and a chip shortage that’s impacting production for all carmakers, Tesla’s record numbers are an incredible feat. Profits are rising…

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General Motors takes on upstart electric vehicle stocks

On June 16, it was reported that General Motors plans to ramp up its electric vehicle (EV) and autonomous vehicle investment by 30% over the next 4 years. What’s the big deal? 2020 was all about upstart EV makers like Tesla, NIO and Nikola. 2021 put the focus back on the old car souls like…

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Focus is back on electric vehicle stocks as Lordstown Motors stock jumps

Lordstown Motors, an electric vehicle manufacturer that has yet to bring a vehicle to market, jumped 20% alongside other EV makers. What’s the big deal? EV stocks have been on a downward trend since speculative stocks crashed in Feb. But Lordstown faced additional issues during that time, revealing problems in its business and prototype: In…

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Electric vehicle and infrastructure stocks stand to gain from Biden’s $2t bill

Biden’s looking to pass a $2.25t jobs and infrastructure plan and if he succeeds, the construction, renewable energy and other infrastructure-based industries could see billions in additional spending — and EV and infrastructure stocks stand to benefit. But the road to passing it won’t be easy… What’s on Biden’s wish list? Inside the proposal, $620b…

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