Tesla, Lucid, Cloudfare, and NextEra: Trending Tickers

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Tesla (TSLA) shares are trending lower as Deutsche Bank cut its price target from $300 to $285 citing growth and production concerns for 2024. EV maker Lucid (LCID) will become the first automaker to open up a manufacturing facility in Saudi Arabia. To start it will have the capacity to assemble 5,000 new vehicles per year, but once finished can reportedly produce 155,000 new vehicles per year. Cloudflare (NET) is launching a suite of products and apps to assist customers with deploying AI. The company will also partner with Meta (META) to make the Llama 2 open-source large language model available to developers building AI applications on Cloudflare's developer platform, Workers. NextEra Energy (NEE) shares are falling after the company reduced its growth expectations through 2026. The company also announced a sale of its Florida city gas utility for $923 million. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.

Everybody Wanted To Date Her In The 80's & This Is Her...The bearish bets come as the Federal Reserve indicated last week that interest rates will stay higher for longer. -- The turmoil in Vietnam’s property sector continues, with creditors embroiled in a dispute with developer Novaland Investment Group Corp. after it failed to pay interest on a $300 million bond.

Most Read from BloombergDimon Warns 7% Fed Rate Still Possible, Times of India SaysRepublican Moderates Turn to Rare Maneuver to Avoid Lengthy Government ShutdownIndians Have Five Days to Deposit $3 Billion in Soon-to-Be-Withdrawn BanknotesApple’s $59 Fake-Suede iPhone Case Is Its Biggest DudNEW YORK — Wall Street’s ugly September got even worse Tuesday, as a sharp drop for stocks brought them back to where they were in June. The S&P 500 tumbled 1.5% for its fifth loss in the last six days.

 

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Lucid opens first international EV factory in Saudi ArabiaSaudi's sovereign wealth fund, Lucid's largest shareholder, has been tasked with driving the kingdom's ambitious plan to reduce reliance on oil revenue as it ventures into an EV industry dominated by countries like China and the United States. Industry leader Tesla is also reportedly in early discussions to set up a manufacturing plant in Saudi Arabia. Lucid's AMP-2 facility, located in King Abdullah Economic City (KAEC), will assemble the luxury electric sedan Lucid Air, with an initial capacity to produce 5,000 units a year.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Lucid opens first international EV factory in Saudi Arabia(Reuters) - Electric-vehicle maker Lucid Group said on Wednesday it had opened its first international manufacturing plant in Saudi Arabia's Jeddah ...
Source: SaltWire Network - 🏆 45. / 63 Read more »

Tesla to face EU anti-subsidy probe over China exports- FT(Reuters) - Tesla and European carmakers that export from China to the EU will be part of the bloc's probe into whether the country's electric vehicles ...
Source: SaltWire Network - 🏆 45. / 63 Read more »

Tesla faces EU probe over China EV subsidies: FTTesla (TSLA) shares are trending today, due to a report from the Financial Times indicating that the company is under investigation by the EU to assess potential unfair subsidies in Chinese exports for electric vehicle manufacturers. The EU is focusing its attention on the electric vehicle market due to it being a popular export, with approximately one-fifth of all-electric vehicles sold in Europe originating from China. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »