Trump Tariff Plan Likely to Raise Costs, Weaken U.S. Auto Demand -- Market Talk

Former U.S. President Donald Trump's tariff plan, if implemented after re-election in November, would raise costs for South Korean and other carmakers and weaken U.S. auto demand, Nomura analyst Angela Hong says in a research note.

WSJ22:30 ET

Elon Musk's Rivian Scepticism Aside, Tesla-Investor Praises R1S Off-Road SUV: 'It's A Great Vehicle'

Ross Gerber, a prominent Tesla Inc. (NASDAQ:TSLA) investor, and CEO of Gerber Kawasaki Wealth and Investment Management, has voiced his support for rival electric vehicle manufacturer Rivian

Benzinga22:27 ET

Tesla's California sales plunged in the second quarter.

A report released by the California New Car Dealers Association on Thursday showed that Tesla's new car registrations in California in the second quarter of this year fell by 24% year-on-year, marking the third consecutive quarter of decline in Tesla's sales in California. Although the Model Y is still the best-selling car in California, Tesla's market share has been declining throughout the year. The California New Car Dealers Association's report said that Tesla's share of the electric vehicle market in California in the first half of this year was 53.4%, down from 64.6% a year ago. In the first half of this year, Tesla's sales in California fell by 17%. Analysts from the industry organization said, "Tesla's growth has been supported by pent-up demand for electric vehicles, but as more competitors enter the market, it will be difficult for them to maintain their current sales levels."

環球市場播報19:36 ET

Rivian Automotive (RIVN) Dips More Than Broader Market: What You Should Know

Yahoo Finance17:50 ET

Rivian Automotive Options Spot-On: On July 18th, 221.5K Contracts Were Traded, With 2.65 Million Open Interest

On July 18th ET, $Rivian Automotive(RIVN.US)$ had active options trading, with a total trading volume of 221.5K options for the day, of which put options accounted for 38.61% of the total

Moomoo News16:30 ET

Rivian Registrations Rising in California -- Market Talk

Rivian was the top percentage gainer for new vehicle registrations in California year-to-date to June, the California New Car Dealers Association says

WSJ14:54 ET