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Stocks Making the Biggest Moves Midday: Intel, Zoom Video, Party City, Airbnb & More
Check out the companies making headlines in midday trading.
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Stocks Making the Biggest Moves Midday: Tesla, General Motors, Wells Fargo and More
These are the stocks posting the largest moves in midday trading.
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GM's Cruise Founder Expects Consolidation for Makers of Lidar Self-Driving Vehicle Sensors
In a series of tweets, Cruise President Kyle Vogt said recent valuations of lidar firms that have cut deals to go public with SPACs are overvalued.
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General Motors Redesigns Corporate Logo as It Focuses on Electric Vehicles
It is only the fifth time the Detroit automaker has conducted a major redesign of its logo since being founded in 1908, according to GM CMO Deborah Wahl.
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GM's Cruise Hires Ex-Delta Chief Operating Officer Gil West
West retired at the end of September after 12 years at the Atlanta-based airline.
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GM's U.S. Sales Rose 4.8% in the Fourth Quarter in an Otherwise Dismal Year
GM reports its domestic sales during the last three months of last year increased 4.8% compared to 2019.
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Employers Mandating Covid Vaccines May Be Very Rare, Says Marsh & McLennan CEO
“We all want to return to a more normal way of life … and vaccines are really required for that,” Dan Glaser of Marsh & McLennan Companies told CNBC.
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Nikola Shares Slide After Deal Ends for Electric Garbage Trucks With Republic Services
Nikola said the decision was made after both companies determined the it would “result in longer than expected development time, and unexpected costs.”
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Lidar Stocks Soar After Report That Apple Is Working on a Car for 2024
Velodyne and Luminar shares both rose more than 20% on Monday.
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XL Fleet EV Stock ‘Could Be a Steal' After Blank-Check Merger, Jim Cramer Says
“With Pivotal Investment trading at $15 going into the XL Fleet merger, I think the stock could be a steal,” CNBC’s Jim Cramer said.
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EV Start-Up Canoo Unveils New Vehicle Ahead of Nasdaq Debut
The futuristic-looking van, or MPDV, is designed for everything from last-mile deliveries to food trucks, according to the California company.
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GM Leads $23 Million Investment in On-Demand Vehicle Maintenance Service Yoshi
The Series B funding round will assist the company’s hiring and expansion plans as it emerges from the coronavirus pandemic for the coming years.
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MP Materials CEO Says Rare Magnets Supplier Is a ‘Picks-And-Shovels Play' for EV Market
MP Materials CEO James Litinsky addressed confusion about the rare earth products the company provides in the electric vehicle space.
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Auto Industry Wants More Government Support for Electric Vehicles
Without suggesting a cost for any EV programs, the Alliance for Automotive Innovation believes now is the time for “substantial, long-term investments.”
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Amazon Zoox Unveils Self-Driving Robotaxi
The car can travel up to 75 miles per hour and can run up to 16 hours on a single charge.
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Merck CEO Optimistic on Covid Vaccines, Sees at Least 6 More Months of Social Distancing and Masks
Merck’s Kenneth Frazier told CNBC the coronavirus vaccines from Pfizer and Moderna “look fantastic” but cautioned the rollout will take time.
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General Motors Will Not Offer Buyouts to GMC Dealers Who Don't Want to Sell Hummer EVs
About half of GMC’s 1,695 dealers have agreed to invest and sell electric vehicles, beginning next fall with the brand’s Hummer EV pickup.
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About 150 Cadillac Dealers Take GM Buyouts Rather Than Invest in EVs
GM recently told its 880 U.S. Cadillac dealers that in order to sell its upcoming EVs it would cost at least $200,000 to upgrade dealerships.
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Scale, Which Helps Companies Improve Their A.I. Capabilities, Is Now Worth More Than $3.5 Billion and Breaking Even
Scale cleans up data so companies can build good artificial intelligence models. It’s been trying to keep up with fast-growing customer DoorDash this year.
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Nikola Shares See Another Ugly Sell-Off in Volatile Trading as Insider Lockup Period Expires
Shares of Nikola dropped 14.9% in heavy trading Tuesday after an insider lockup period expired on up to 166 million shares of the electric truck start-up.