Rachit Vats - Spark Newswire

1 minute read

Cathie Wood Buys More Shares In This Chinese Rival Of Tesla Backed By Warren Buffett

Today, 10:41 PM

Cathie Wood-led Ark Investment Management on Tuesday bought 11,143 shares in BYDCo (OTC: BYDDY), estimated to be worth $498,760 based on their last closing price, further raising its bets on the Chinese automaker that is quickly switching to making n

BYDDY

2 minute read

Volkswagen To Shift More Production To China, North America As Russia-Ukraine War Roils Europe Supply Chain

By Rachit Vats

Today, 10:41 PM

Volkswagen Group (OTC: VWAGY) CEO Herbert Diess said on Tuesday that the German automaker is shifting more production out of Europe to China, North America and Latin America to cope with supply chain issues stemming from Russia’s invasion of Uk

TSLA

2 minute read

Tesla Has Been Buying Aluminum From Russian Supplier Founded By Sanctioned Oligarch Since 2020, Report Says

By Rachit Vats

Today, 10:41 PM

Tesla Inc (NASDAQ: TSLA) has supply-chain ties with Russia, CNBC reported on Monday, citing internal documents.

TSLA

2 minute read

Nickel Trading To Resume In London With Curbs on Wednesday After Week-Long Halt: Report

By Rachit Vats

Today, 10:41 PM

Nickel trading will resume on the London Metal Exchange on Wednesday following a week-long suspension due to a historic short squeeze, Bloomberg News reported on Monday, citing a notice.

2 minute read

News
Tech

Tesla Hikes Prices In Both US, China For The Second Time Within A Week: All You Need To Know

By Rachit Vats

Today, 10:41 PM

Tesla Inc (NASDAQ: TSLA) on Monday raised the prices of its electric vehicles in the U.S. and China, the second such hike in a week amid inflationary pressure on raw material and logistics.

TSLA

2 minute read

Ford Turns To Europe For EV Expansion: To Launch 7 Models In 2 Years, Targets Selling Over 600,000 Units By 2026

By Rachit Vats

Today, 10:41 PM

Ford Motor Co (NYSE: F) on Monday revealed plans to launch seven new electric vehicle models in Europe by 2024 and achieve sales of 600,000 EV units a year by 2026.

2 minute read

This Apple Supplier Is Said To Be Planning A $9B Factory In Saudi Arabia To Make Chips, EV Parts

By Rachit Vats

Today, 10:41 PM

Apple Inc (NASDAQ: AAPL) supplier Hon Hai Precision Industry Co Ltd’s (OTC: HNHPF) is in talks with Saudi Arabia to jointly build a $9 billion multipurpose facility, The Wall Street Journa

AAPL

2 minute read

Cathie Wood Raises Exposure In Tesla Chinese Rival Backed By Warren Buffett

By Rachit Vats

Today, 10:41 PM

Cathie Wood-led Ark Investment Management on Monday sharply raised its exposure in the Chinese automaker BYD Co (OTC: BYDDY) but stayed away from buying shares in her favorite electric vehicle stock Tesla

ARKQ

2 minute read

Cathie Wood’s Ark Picked Up More Shares In Shopify And This Supplier Of Elon Musk-Led SpaceX On Friday

By Rachit Vats

Today, 10:41 PM

Cathie Wood-led Ark Investment Management on Friday further raised its exposure in the Canadian e-commerce company Shopify Inc (NYSE: SHOP) and 3D-printing technology firm Velo3D Inc (NYSE:

ARKF

2 minute read

News
Tech

Elon Musk And Tesla Get Praise From CEO Of Legacy Automaker For Paving The Way Forward For EVs

By Rachit Vats

Today, 10:41 PM

Volkswagen Group (OTC: VWAGY) CEO Herbert Diess on Friday praised Tesla Inc (NASDAQ: TSLA) CEO Elon Musk for his speed