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.
Nvidia reported one of the largest quarterly profits in corporate history, with revenue of $96.2 billion and net income of $59.7 billion, driven by strong growth in its Data Center segment. Wealth manager Ross Gerber believes the stock is still under...
The Roundhill Humanoid Robotics ETF (HUMN), focused on marquee humanoid robot companies like Tesla and UBTech, has underperformed in 2026, gaining only 11% year-to-date compared to KOID's 41.8%. HUMN's concentrated portfolio, heavily weighted in a fe...
Ford's stock has risen 6% this year, beating Tesla's 22% decline, though Ford's market cap is just 4% of Tesla's $1.38 trillion. Ford dominates the U.S. SUV and pickup market with its profitable F-150, while Tesla faces challenges with declining EV s...
Hyundai Motor is accelerating its U.S. expansion with a $26 billion investment plan through 2028, including ramping up production at a new $7.6 billion plant in Georgia. The company aims to increase its U.S. market share, which has grown from 8.4% in...
Alphabet, led by its Google unit, has seen a 10% stock increase in 2026, outperforming peers like Meta and Tesla. The company reported a 24% revenue rise to $119.8 billion last quarter, driven by a 17% increase in Google Search revenue and an 81% sur...
