People look at Rivian electric trucks at the auto maker’s newly opened storefront in the Meatpacking District of Manhattan on June 23, 2023 in New York City.Spencer Platt | Getty ImagesRivian reported a 36% decline in first-quarter deliveries on Wednesday, as the electric-vehicle maker grapples with weak demand, sending its shares down more than 2% at the open.The company delivered 8,640 vehicles in the quarter ended March 31, down from 13,588 a year earlier. The deliveries, however, exceeded analysts’ average estimate of 8,200, according to Visible Alpha.The company’s chief financial officer, Claire McDonough, had said in February vehicle deliveries would…
Author: usaeverydaylife
General view of a Tesla Store in Paramus, New Jersey, on March 20, 2025.Kena Betancur | Getty ImagesTesla reported 336,000 vehicle deliveries in the first quarter of 2025, a 13% decline from a year ago, two days after the electric vehicle company’s stock wrapped up its worst quarter since 2022.Here are the key numbers:Total deliveries Q1 2025: 336,681Total production Q1 2025: 362,615Investors were expecting Tesla to report deliveries of between 360,000 and 370,000 vehicles, according to StreetAccount. Tesla’s investor relations team sends a company-compiled consensus to select analysts, and said the average estimate was for around 377,590 deliveries. Prediction market company…
Three years ago, Brandon Halverson had all but given up on his hockey dream.He was delivering UberEats and groceries and working on a farm. He sold his truck. He borrowed money from his parents. Whatever it took to scrape out enough money for rent.Two weeks ago, he stepped into the net with the Tampa Bay Lightning for the first time as an NHL starter — nearly 11 years after being drafted as a highly touted prospect, and more than seven years after his only other appearance in the league.From toiling away with a last-place team in Germany’s second division, a…
When the verdict from a Paris criminal court flashed across screens in Hénin-Beaumont, many customers in the Café de la Paix received it with the outrage and disappointment Marine Le Pen predicted.The far-right political leader was found guilty of embezzlement, sentenced to four years in prison — two years suspended, two in a form of house arrest — and fined more than $100,000.But most stinging was the decision barring her from running for public office for five years, rendering her ineligible to run in France’s 2027 presidential election.For people here, Ms. Le Pen is not just the leader of the…
These are the stocks posting the largest moves in premarket trading. Source link
Scotts Miracle-Gro can be a smart play in an uncertain economic environment given its business’s strong performance in prior times of turmoil, according to Truist Securities. Analyst Bill Chappell upgraded the Ohio-based lawn care stock to buy from hold and reiterated a 12-month price target of $70, suggesting possible 28% upside over Tuesday’s closing level. “In our opinion, the [U.S.] lawn and garden category has finally normalized post-Covid,” Chappell wrote to clients in a Wednesday note. “The category and the company are well positioned to navigate the macroturbulence expected to impact the consumer over the next year and the valuation…
Tesla CEO Elon Musk wears a ‘Trump Was Right About Everything!’ hat while attending a cabinet meeting at the White House, in Washington, D.C., U.S., March 24, 2025. Carlos Barria | ReutersTesla sales of its China-made cars fell in March as competition from local players like BYD intensified.Tesla sold 78,828 electric vehicles in China in March, down 11.5% year-on-year, according to data from the China Passenger Car Association (CPCA) released on Wednesday. However, sales rose 157% compared with the 30,688 cars bought in February.The U.S. carmaker is facing a number of headwinds in China, in particular mounting challenges from local rivals…
U.S. Trade Rep readies a third tariff option for TrumpU.S. President Donald Trump speaks to the media in the Oval Office at the White House in Washington, D.C., U.S., March 26, 2025. Evelyn Hockstein | ReutersThe U.S. Trade Representative’s office has prepared a third option for tariffs, the Wall Street Journal reports.This tariff structure would set a rate below 20%, but apply it only to a small group of trade partners.There are two other plans under consideration at the White House. A universal flat tariff rate applied to all trade partners. A different tariff rate for every trade partner that reflects…
Uncertainty surrounding upcoming U.S. tariffs has weighed on global markets over the last month — but President Donald Trump’s highly-anticipated Wednesday announcement may not end the turmoil, analysts say.Trump is expected to flesh out many unknowns in an address on Wednesday at 4 p.m. ET (9 p.m. BST), including exactly which countries and sectors will be impacted, when the measures will come into effect, how high they will be or how they will be calculated, and whether there will be any or many notable exemptions.Investors have been attempting to parse rhetoric from reality in the run-up to the presidential address.…
Despite being positive on Reinsurance Group of America for a bit, JPMorgan finally sees the right moment for investors to jump in as the sector faces a deteriorating economic backdrop. Analyst Jimmy Bhullar upgraded the reinsurance stock to overweight from neutral and lifted his price target by $5 to $237. Bhullar’s refreshed target suggests shares can rally 19.5% above Tuesday’s closing level. “Our fundamental outlook for RGA has been upbeat, but we have been reluctant to recommend RGA shares due to concerns about optimistic EPS forecasts, bullish investor sentiment, and a full valuation,” Bhullar wrote to clients. “However, we feel…
