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Zacks News
Tesla Introduces New Cybertruck at $70,000 Amid Sluggish Demand
by Zacks Equity Research
TSLA introduces a new RWD version of the Cybertruck in the United States and Mexico at $70,000, which lacks several features compared with the previous version.
CarMax Q4 Earnings Match Expectations, Revenues Rise Y/Y
by Zacks Equity Research
KMX reports Q4 results and expects fiscal 2026 capital expenditure to be approximately $575 million compared with $467.9 million in fiscal 2025.
Carvana to Establish Megasite in Phoenix to Boost Processing Capacity
by Zacks Equity Research
CVNA plans to establish an integrated auction and reconditioning Megasite in Phoenix to boost its overall processing capacity and enhance services in the region.
Nissan to Develop EV Platform to Underpin Production of Up to 5 EVs
by Zacks Equity Research
NSANY is set to build a new EV platform that will support the production of crossovers, sedans and possibly a compact pickup, all built in the United States.
Here's Why You Should Retain Westport Stock in Your Portfolio Now
by Zacks Equity Research
WPRT is poised to gain from the HPDI joint venture with Volvo and two contracts from European OEM amid its lack of sufficient liquidity.
AutoNation Acquires 2 Dealerships in Colorado to Expand Footprint
by Zacks Equity Research
AN completes the acquisition of Groove Ford and Groove Mazda dealerships based in Englewood, CO, to expand its footprint.
General Motors to Sell Michigan Battery Plant to LG Energy for $2B
by Zacks Equity Research
GM is set to sell its entire stake in the Lansing, MI, battery plant to LG Energy for about $2.08 billion to scale back EV expansion due to slowing sales.
Lucid Posts Y/Y Rise in Q1 Deliveries, Set to Deliver Gravity SUV
by Zacks Equity Research
LCID delivers 3,109 vehicles in the first quarter, up 58% year over year and is set to resume deliveries of the Gravity SUV by the end of April.
Rivian Q1 Deliveries Decline Y/Y Amid Weaker Demand for EV
by Zacks Equity Research
RIVN's deliveries drop to 8,640 vehicles from 13,588 in the same period last year due to sluggish demand for EV.
Westport Q4 Loss Wider Than Expected, Revenues Decline Y/Y
by Zacks Equity Research
WPRT reports wider-than-expected loss in the fourth quarter. The company's revenues decline year over year.