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Stock Market & Financial Investment News

News Breaks
July 21, 2014
11:57 EDTTSLA, GM, KNDI, NSANYChinese electric vehicle maker Kandi surges after tax break news
Shares of Chinese electric car maker Kandi Technologies (KNDI) are surging after a Chinese newspaper reported that electric cars made outside of China would not qualify for a key tax break in the country. WHAT'S NEW: A key sales tax will not be waived on purchases of electric cars made outside of China, said Su Bo, China's vice-minister of the Industry and Information Technology Ministry, according to China Daily. Buyers of electric vehicles made in China will not have to pay a purchase tax from September 1, 2014 until the end of 2017, China Daily stated. WHAT'S NOTABLE: Tesla Motors (TSLA), Nissan (NSANY) and GM (GM) have all sought to sell electric vehicles in China. PRICE ACTION: In late morning trading, Kandi Technologies' stock rose $1.66, or 8.5%, to $21.28. The shares are well off their high for the day of $22.22, but they have surged 80% so far this year. Tesla shares, which had spent some of the morning in slightly negative ground, were up about 1% near $222 per share just before noon.
News For KNDI;TSLA;NSANY;GM From The Last 14 Days
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May 14, 2015
11:43 EDTGMU.S. appeals court dismisses UAW retiree benefit suit, Reuters reports
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09:03 EDTGMGeneral Motors to invest $1B in Warren Technical Center campus
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May 13, 2015
12:31 EDTTSLAMobileye trades higher after WSJ report on Tesla autopilot functions
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12:25 EDTTSLATesla cars soon to be equipped with autopilot functions, WSJ says
Tesla (TSLA) will soon be furnishing newer Model S sedans with semiautonomous features including the ability to pass other cars without driver intervention, says the Wall Street Journal. The Fly notes that Mobileye (MBLY) designs and develops software and related technologies for camera-based advanced driver assistance systems. Reference Link
09:39 EDTTSLAActive equity options trading on open
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08:11 EDTGMGeneral Motors and Toyota implement Microchip's infotainment networking devices
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06:59 EDTTSLATesla to meet Chana standards for vehicle charging, WSJ says
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06:09 EDTNSANYToyota and Nissan recall 6.56M vehicles over Takata air bags, WSJ reports
Toyota (TM) and Nissan (NSANY) issued recalls for 6.56M vehicles worldwide over problems with Takata air bags, reports the Wall Street Journal. The companies cited new findings about the risk of moisture seeping inside the devices. The recalls come in addition to 25M vehicles already recalled due to the Takata air bags. Reference Link
May 12, 2015
19:31 EDTGMGM recalls 522,000 Malibu, Colorado, Canyon models, Auto News says
General Motors is recalling roughly 53,000 2015 Chevrolet Colorado and GMC Canyon pickup trucks due to faulty seat frame hooks, as well as 469,000 2011-2012 Chevrolet Malibus with weak seat belt cables, reports Automotive News, citing an emailed statement from the company. GM said it is aware of 36 claims and one minor injury related to the Malibu seat belt defect, though no accidents or fatalities have been reported. Reference Link
17:10 EDTGMGeneral Motors halts Brazilian factory over shipping troubles, Reuters says
GM has halted production at a factory in southern Brazil after transportation firms Tegma and Transzero stopped shipping cars from the plant, reports Reuters, citing company statements. Reference Link
16:01 EDTTSLAOptions Update; May 12, 2015
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10:47 EDTTSLAMaryland governor set to sign bill allowing direct Tesla sales, CNBC reports
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10:39 EDTTSLATesla spikes higher, levels to watch
Shares are up over 2.5% to $245.38 at time of writing, reversing an earlier dip. At that price next resistance is at $248.71. Support is at $244.10.
09:38 EDTTSLAActive equity options trading on open
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06:01 EDTTSLAFTC backs Tesla's right to sell cars directly to consumers
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May 11, 2015
16:00 EDTTSLAOptions Update; May 11, 2015
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11:23 EDTTSLAStocks with call strike movement; TWTR TSLS
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10:44 EDTGMGM ignition fund approves claims for 100 deaths, Detroit News says
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09:37 EDTTSLAActive equity options trading on open
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06:44 EDTTSLAFiat Chrysler CEO met with Apple, Tesla CEOs, Reuters says
During a trip to California, Fiat Chrysler (FCAU) CEO Sergio Marchionne met with Apple (AAPL) CEO, Tim Cook, and Tesla (TSLA) CEO Elon Musk, reports Reuters, citing Marchionne. Marchionne also vowed that the company would make a stronger attempt in the luxury SUV market, Reuters adds. Reference Link
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