Lucid will take over Nikola's former Coolidge manufacturing facility and the Phoenix facility, which was previously Nikola's headquarters and product development center.
A Reuters report cited a recent notice posted by the CSIA on its WeChat account in which the association noted that the country of origin for semiconductor chips would be the location of the wafer fabrication facility.
Revenue rose 3% year-over-year to $20.15 billion, which failed to meet an analyst estimate of $20.76 billion, per FinChat data. Earnings per share stood at $1.39 versus a Street estimate of $1.22. Net income rose 6% to $4.89 billion.
Shipments in North America fell by a steep 20% owing to lower January production and the initial ramp-up of the updated 2025 model year Ram heavy-duty trucks.
DXY declined over 1% to 99.67 on Friday morning as trade wars between the world’s largest economies gained momentum.
BNY reported a 6% year-over-year rise in first-quarter revenue to $4.79 billion, which topped a Wall Street estimate of $4.77 billion, per FinChat data. Adjusted earnings per share came in at $1.58 versus a Street expectation of $1.49.
Revenue rose 8% year-over-year to $45.31 billion, surpassing a Wall Street estimate of $44.10 billion, per FinChat data. Earnings per share came in at $5.07 versus a Street estimate of $4.65.
Tesla’s China website now allows customers to order only the Model 3 sedan and the Model Y SUV.
Lovesac is known for its giant beanbags called "Sacs", which are filled with a proprietary Durafoam blend instead of beans or beads.
Stifle has cut price targets "across the board" by an average of 18% across the analyst's sports and lifestyle brands coverage.
