Hedge funds piled into short bets against Tesla Inc. right before the electric vehicle maker unveiled a set of numbers that triggered a hefty share-price rally. About 18% of the 500-plus hedge funds tracked by data provider Hazeltree had an overall short position on Tesla at the end of June, the highest percentage in more … Read more
From aluminum to zinc, base metals will be in the spotlight during the annual LME Asia Week gathering in Hong Kong. The electric vehicles that are poised to replace gas guzzlers in the coming decades will end up consuming a good chunk of energy themselves. And Russian natural gas still has a hold over Europe. … Read more
Exide Industries Ltd stock fired up this week, rising 20%, following the announcement on Monday of a memorandum of understanding (MoU) with Hyundai Motor Co. and Kia Corp. for supply of batteries. The agreement, which entails the supply of batteries for electric vehicles (EVs) to be manufactured by the two automakers, highlights a significant step … Read more
Following the price cuts, Tiago has become the second cheapest electric car in India, just behind the compact MG Comet, which starts at ₹6.99 lakh. These price cuts have made electric cars more affordable for Indian consumers, especially since the high upfront cost on electric vehicles (EVs) can be a deterrent for those looking to … Read more