Used electric vehicle prices in the US surged 12% in June 2026 compared to the previous year, driven by high gas prices and geopolitical tensions from the Iran war. Cox Automotive's Manheim Used Vehicle Value Index shows used EV prices rising steadily this year, contrasting with a modest 1.7% increase for non-EVs. Demand for used EVs grew, with Tesla leading sales, while new EV sales declined in Q2 due to earlier spikes linked to expiring government incentives. The market faces potential pressure from an expected increase in off-lease EVs later this year, with gas prices remaining a key factor influencing demand.
SpaceX continues to hold nearly 19% of the Baron First Principles ETF (RONB), highlighting the fund's active, high-conviction investment strategy focused on founder-led companies. This allocation reflects confidence in SpaceX's long-term growth poten...
Meta's market value edged past Tesla's, reaching over $1.5 trillion despite a 1.7% drop in its shares, while Tesla's stock fell 2.3%. This shift happened mainly because Tesla's stock declined more sharply, reflecting investor worries about Tesla's st...
Tesla introduced a new version of its Model Y crossover, aiming to increase sales. Despite this product update, Tesla's stock has not responded positively and continues to decline. The stock was down 10% year-to-date but up 35% over the past year. In...
RBC Capital's analyst Tom Narayan upgraded Tesla stock to a Buy rating and raised the 12-month price target from $475 to $500, citing strong potential from the Robotaxi market and a possible SpaceX acquisition. This bullish stance contrasts with othe...
Tesla introduced the Model Y L Premium Launch Series in the US, featuring a longer wheelbase and a proper third row with six seats, priced at $61,990. This move fills the gap left by the discontinuation of the Model X and competes with other electric...
