energy

BP Invests $20 Million for 5-minute Fast Charging Batteries for Electric Cars

BP Invests $20 Million for 5-minute Fast Charging Batteries for Electric Cars

British Petroleum Company (NYSE: BP) has invested $20 million in an Israeli start-up company by the name of StoreDot that claims its batteries can charge electric cars in just five minutes.Additionally said on Tuesday, BP suggested its venture capit..

Tesla Shares Fall on Morgan Stanley’s Negative Report

Tesla Shares Fall on Morgan Stanley’s Negative Report

Tesla Inc. (NASDAQ: TSLA) shares fell on Tuesday after Morgan Stanley cut its target for the electric car company, citing concerns on the company’s profitability.According to CNBC, Morgan Stanley’s analyst Adam Jonas cut his price target..

Dow jumps 200 points

Dow jumps 200 points

Stocks massively jumped on Thursday after the weaker-than-expected U.S. inflation data released. The Dow Jones industrial average rose 200 points, turning positive for the year, with Exxon Mobil (NYSE: XOM) as the best-performing stock in the index...

Boeing, Airbus to Lose $40 Billion After Trump Leaves Iran Deal

Boeing, Airbus to Lose $40 Billion After Trump Leaves Iran Deal

President Donald Trump announced on Tuesday his decision to withdraw the U.S. from the Iranian nuclear deal. The withdrawal impacts oil stocks and defense contractors, like Boeing Co. (NYSE: BA) and Airbus SE who have deals within the nation.Trump&r..

Tesla Tops Q1 Estimates; Shares Fall After Musk’s Unusual Call

Tesla Tops Q1 Estimates; Shares Fall After Musk’s Unusual Call

Tesla Inc. (NASDAQ: TSLA) reported its first quarter financial results and topped analysts’ estimates in both revenue and earnings, although net losses increased. Shares rose during after-hours on Wednesday, but shortly after Tesla CEO Elon Mu..

Nikola Motors sues Tesla for $2 billion for alleged patent infringement

Nikola Motors sues Tesla for $2 billion for alleged patent infringement

Nikola Motor Co. filed a lawsuit on Tuesday against Tesla Inc. (NASDAQ: TSLA) alleging design patent infringements. Nikola is seeking approximately $2 billion in damages.Nikola said in court filings that Tesla’s electric Semi is “substan..

BP reported strong Q1 earnings but higher debt

BP reported strong Q1 earnings but higher debt

BP p.l.c. (NYSE: BP) reported strong first-quarter 2018 earnings, mainly driven by the recovering oil prices from nearly four years back. Record oil and gas production along with increased refinery throughput also boosted earnings.Another European e..