Topic: auto

Stocks Making Significant Moves Midday: Braiin Surges 62%, AppLovin Declines 12%, and Nio Receives Goldman Sachs Upgrade

07/13/2026, 09:38 AM business review software auto

Several companies experienced significant stock movements, with Braiin's shares soaring 62% following the launch of its AI agent for real estate, while AppLovin faced a 12% decline, marking a challenging week for the software stock.

Analysts Goldman Sachs upgraded Nio (NIO) to Buy and raised target price to $7 (upside +46%) on expected strong growth

07/13/2026, 07:38 AM investing rating_growth Analysts: analysts, Goldman Sachs auto

Goldman Sachs has upgraded Nio's stock to 'buy' and raised its price target, citing the company's strong market position and anticipated growth in the electric vehicle sector.

Analysts Bank of America raised Ferrari (RACE) target price to $458, indicating potential upside of nearly 22%

07/11/2026, 06:32 AM investing rating_growth Analysts: analysts, Bank of America auto

Ferrari's stock has rebounded 14% since the initial disappointment over its Luce EV, with analysts optimistic about future growth driven by new models and a more balanced product strategy.

Volkswagen Plans Significant Model Lineup Reduction and Capacity Cuts Amid Stakeholder Tensions

07/10/2026, 03:36 AM announcement auto

Volkswagen plans to significantly reduce its model lineup and production capacity as part of a strategic transformation, although it has not confirmed any job cuts despite earlier reports suggesting drastic layoffs. This move is crucial for investors as it reflects the company's response to competitive pressures and market challenges.

Luxshare Precision Industry (002475) Shares Decline Over 5% in Hong Kong Trading Debut

07/08/2026, 07:35 PM economy stock_drop consumer auto

Luxshare Precision Industry's shares dropped over 5% during their Hong Kong trading debut, despite raising approximately $3.09 billion in their IPO. This decline highlights investor caution regarding the company's heavy reliance on Apple for revenue.

Analysts recommend buying Rivian (RIVN) shares despite recent capital raise announcement

07/08/2026, 10:36 AM investing recommendation Analysts: analysts auto

Rivian's announcement to sell approximately 75 million shares to raise capital has led to a significant drop in its stock price, despite the move being seen as necessary for the company's financial health and future growth.

Used Electric Vehicle Prices Surge Amid Iran Conflict and Rising Gas Prices

07/08/2026, 08:35 AM business growth auto

The ongoing conflict in Iran and rising U.S. gas prices are driving up demand and prices for used all-electric vehicles, highlighting a significant shift in the automotive market amid fluctuating fuel costs.

Waymo Expands Driverless Ride Services to Four New U.S. Cities

07/08/2026, 07:36 AM economy announcement auto

Waymo is expanding its driverless vehicle services to four new U.S. cities, enhancing its competitive position against rivals like Tesla and Zoox. This expansion is significant as it marks a step towards broader public access to autonomous rides and aims to increase Waymo's market share in the growing robotaxi sector.

Analysts JPMorgan raised General Motors (GM) target price to $110, expecting 45% upside amid recovery efforts

07/08/2026, 05:36 AM investing rating_growth Analysts: analysts, JPMorgan auto

JPMorgan has upgraded General Motors' stock rating and raised its price target, indicating a potential recovery for the company despite recent underperformance due to market challenges.

Momenta (unknown) Shares Rise 3% in Hong Kong Stock Market Debut

07/07/2026, 07:35 PM growth auto

Momenta, a Chinese autonomous driving company, successfully debuted on the Hong Kong Stock Exchange, raising $751 million and seeing its shares rise 3% on the first day of trading. This IPO highlights the growing interest and investment in the autonomous vehicle sector, particularly in Asia.