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Lamborghini scraps first EV launch, calls development 'expensive hobby'
Fox Business· 2026-02-24 19:49
Lamborghini will cancel its plan to release an electric vehicle in 2028 due to what the company is calling a lack of consumer demand. Lamborghini CEO Stephan Winkelmann spoke with The Sunday Times in an interview and said the EV will no longer join its lineup after the company's analysis found little demand for the EV, which was named the Lanzador in 2023. The company is owned by Volkswagen through its subsidiary, Audi.Winkelmann told The Sunday Times the "acceptance curve" for EVs in Lamborghini's target m ...
Broad Arrow Presents Lamborghini Miura SV That Spent 52 Years in Single Ownership at its 2026 Amelia Concours Auction
Globenewswire· 2026-02-23 20:55
Broad Arrow set to offer incredibly original, matching-numbers, fully evolved 1972 Lamborghini Miura P400 SV at company’s fourth annual Amelia Concours Auction | Set for March 6-7 at the Ritz-Carlton, Amelia Island, the two-day sale is the official auction of the renowned Amelia Concours | Supercars then and now: Remarkable example of the original supercar is offered alongside desirable modern supercars and hypercars including a 2008 Bugatti Veyron EB 16.4 Coupe, a 1988 Porsche 959 SC Reimagined by Canepa, ...
No, Tesla Isn't Moving Away From the EV Market; in Fact, it's Accelerating Hard Toward it
The Motley Fool· 2026-02-22 14:05
Core Viewpoint - Tesla is not retreating from the electric vehicle (EV) market but is instead leading it, maintaining its long-held aspirations despite challenges faced by other automakers [1][5]. Investment and Strategy - Tesla has committed to a significant $20 billion capital spending program, which includes investments in a lithium refinery in Texas, a lithium iron phosphate (LFP) battery factory in Nevada, and the Gigafactory in Texas for Cybercab production [4]. - These investments are aimed at supporting Tesla's vision for the future of the EV market, which aligns with the ambitions that many legacy automakers once promised [5]. Industry Context - Legacy automakers have struggled with their robotaxi developments, with companies like Ford and General Motors backing off from their initial plans, indicating a shift in their strategies due to weak sales performance [6][9]. - The failures of legacy automakers in the EV market are highlighted by significant financial writedowns, such as $19.5 billion at Ford and $27 billion at Stellantis, while Tesla holds a 46% share of the U.S. EV market compared to GM's 13% [9]. Tesla's Focus - Tesla's strategy differs from that of legacy automakers, as it aims to build out its robotaxi business, including the Cybercab, while also introducing lower-cost variants of its Model Y and Model 3 [12]. - The company's consistent focus on the EV market and its robotaxi ambitions reflects a belief in the potential of the sector, contrasting with the reset strategies of its competitors [13].
indie Semiconductor(INDI) - 2025 Q4 - Earnings Call Transcript
2026-02-19 23:02
indie Semiconductor (NasdaqCM:INDI) Q4 2025 Earnings call February 19, 2026 05:00 PM ET Company ParticipantsAshish Gupta - Investor RelationsDon McClymont - CEO and Co-FounderNaixi Wu - CFOConference Call ParticipantsAnthony Stoss - Senior AnalystCody Acree - Senior Semiconductor Financial AnalystCraig Ellis - Director of Research, Senior Semiconductor and Capital Equipment AnalystSuji De Silva - Managing Director, Senior Research AnalystNone - AnalystOperatorGood afternoon, and welcome to indie Semiconduct ...
indie Semiconductor(INDI) - 2025 Q4 - Earnings Call Transcript
2026-02-19 23:02
indie Semiconductor (NasdaqCM:INDI) Q4 2025 Earnings call February 19, 2026 05:00 PM ET Company ParticipantsAshish Gupta - Investor RelationsDon McClymont - CEO and Co-FounderNaixi Wu - CFOConference Call ParticipantsAnthony Stoss - Senior AnalystCody Acree - Senior Semiconductor Financial AnalystCraig Ellis - Director of Research, Senior Semiconductor and Capital Equipment AnalystSuji De Silva - Managing Director, Senior Research AnalystNone - AnalystOperatorGood afternoon, and welcome to indie Semiconduct ...
indie Semiconductor(INDI) - 2025 Q4 - Earnings Call Transcript
2026-02-19 23:00
indie Semiconductor (NasdaqCM:INDI) Q4 2025 Earnings call February 19, 2026 05:00 PM ET Speaker6Good afternoon, and welcome to indie Semiconductor's fourth quarter 2025 earnings call. Currently, all participants are in a listen-only mode. A question-and-answer session will follow the formal presentation. As a reminder, this conference call is being recorded. I will now turn the call over to Ashish Gupta, Investor Relations. Mr. Gupta, please go ahead.Speaker1Thank you, operator. Good afternoon, and welcome ...
This 1 Underrated Factor Could Drive the Big Winner in the Robotaxi Race
Yahoo Finance· 2026-02-17 10:20
One company seems to be building a big lead in the U.S. market for robotaxis, and it might not be for a reason that most investors know about. Waymo, a subsidiary of Alphabet (NASDAQ: GOOG)(NASDAQ: GOOGL), uses LiDAR technology, along with cameras and radar, to build its autonomous capabilities, while its competitor Tesla (NASDAQ: TSLA) primarily uses computer vision with digital cameras. Waymo uses LiDAR -- Tesla does not LiDAR (light detection and ranging) uses laser beams and digital sensors to measu ...
Detroit’s EV Writedown Woes Pile Up Over $50 Billion
Yahoo Finance· 2026-02-16 05:01
Detroit’s big three automakers took a combined $50 billion hit in write-downs as they scale back their electric-vehicle businesses. To put that in perspective, that’s around the size of the US government bailout during the Great Recession. According to Kelly Blue Book figures, US electric vehicle sales fell 36% to 234,171 units in the fourth quarter of 2025. That’s a drop so steep that it calls for a Jeep Wrangler, if only the owner of the Jeep brand, Stellantis, weren’t the one smarting from the fall. Las ...
Stock market today: Dow, S&P 500, Nasdaq futures pause as Wall Street braces for jobs report
Yahoo Finance· 2026-02-10 23:57
Economic Indicators - Investors are awaiting the January nonfarm-payrolls report, which is considered crucial for setting expectations regarding interest-rate cuts [2][5] - Economists project a gain of approximately 68,000 jobs, with the unemployment rate expected to remain at 4.4% [3] - The report may include significant revisions to 2025 job numbers, indicating fewer new positions added to the economy than previously estimated [3][4] Corporate Earnings - Earnings reports from major companies like McDonald's and Kraft Heinz are anticipated to provide insights into consumer behavior and corporate performance [6] - Ford reported a Q4 profit miss and a net loss of $8 billion for the year, influenced by a $900 million tariff impact [6] - Humana's stock fell 7% due to a profit forecast below analysts' expectations, while Moderna's stock dropped 10% after the FDA declined to review its flu vaccine application [8] Market Trends - There is a growing sentiment in the market regarding potential Federal Reserve rate cuts, with a 77% probability of lower rates by June [5] - Stocks of companies perceived to be at risk from AI developments are experiencing significant sell-offs, affecting both small software firms and large wealth-management companies [12]
Stock market today: Dow, S&P 500, Nasdaq surge as January jobs report exceeds expectations
Yahoo Finance· 2026-02-10 23:57
Economic Data - The US economy added 130,000 jobs in January, significantly exceeding expectations of 65,000 jobs added for the month [1][5] - The unemployment rate decreased slightly to 4.3% from 4.4% [1][6] - Revisions to 2025 payrolls showed a decrease in job growth to 181,000 from a previously reported 584,000, marking the weakest annual job growth outside of a recession since 2003 [2][6] Market Reactions - The tech-heavy Nasdaq Composite rose approximately 0.9%, while the Dow Jones Industrial Average increased by 0.6% (280 points), and the S&P 500 gained 0.7% [1] - The positive January jobs data has led to increased bets on Federal Reserve rate cuts, with over 40% of market participants expecting the Fed to hold rates steady through June [4] Corporate Earnings - McDonald's is set to report earnings after the market close, while Kraft Heinz announced a pause in its spin-off plans, indicating that its challenges are manageable [5][11] - Kraft Heinz plans to invest $600 million in marketing, sales, research and development, and pricing to accelerate its return to profitable growth [11][12] - Cisco is expected to report quarterly results, competing with Nvidia in the AI networking chip market [5]