Transportation News
Explore the latest news from the transportation sphere including car reviews, coverage of the leading automakers, topics on self-driving, autonomous EVs, drones, logistics, etc.
Transportation involves the movement of individuals and goods from one place to another. The transportation industry features a class of firms, businesses, and organizations that deal with the provision of transport services to customers across the world. Transport frameworks, by the portability they give, are firmly identified with financial changes with time.
As per Global Industry Classification Standard, the transportation industry comprises firms that operate and offer services relating to the transfer of people and products through road, airlines, marine, rail, air freight, and logistical means.
Just like every other industry, the evolution of the transport industry has featured the use of several means and modes, from the use of canoes and boats to rails, cars, cargoes, airplanes, etc. and has become more efficient while dealing with new complexities. However, economic doors are more likely to be opened where transportation frameworks can guarantee access to business sectors and assets.
The exhibition of firms in the transportation business is mostly subject to changes in organizational profit and the cost of moving products and services from one place to another. Some of the primary elements influencing organizational profit include the cost of fueling machines, work costs, service demand rate, geopolitical occasions, and supervisory measures and guidelines by the government. Notably, a large number of these components are related. For instance, if some government decides to impose laws and guidelines that make it hard for individuals to secure their corporate drivers’ permit, the number of drivers in the country will see a massive reduction and consequently increase the expense of employing commercial drivers.
Logistics news
Stay tuned to Coinspeaker to get the latest transport industry news and information we take you closer to the world of transportation whose great potential has continued to entice and attract new investors and stakeholders.
Nio has delivered 36,721 electric vehicles since the calendar flipped in January 2020. Hereby representing a rise of approximately 111.1% year-over-year.
Two prominent space exploration companies including SpaceX and Virgin Galactic are both at the forefront of developing space crafts for commercial purposes.
Nikola shares have been on a rollercoaster in the past few months. Today they have lost nearly 24% of their value.
Tesla applied for the Shanghai-made Model Y SUV sales permission earlier this month and got the permission to start sales.
The US National Highway Traffic Safety Administration (NHTSA) opened an investigation of 115,000 Tesla vehicles over front suspension safety issues.
Ever since Tesla announced its entry to the S&P 500, there’s a flood of investors picking up TSLA stock. Tesla remains the most-traded stock on Wall Street with daily trading volumes clocking $26 billion over the last five trading sessions.
Speaking at a virtual conference on batteries hosted by the German government, Tesla CEO Elon Musk suggested that the company could launch a hatchback model for Europe.
Nikola investors are looking forward to the partnership deal with General Motors as it may cause a positive reflection on the company’s shares.
As Tesla records continuously increase, the net worth of the company’s CEO has been rising as well.
On Friday, Tesla stock closed at $489.61, or 9.66% down. Today, at the time of writing, TSLA stock is 7% up, trading at $524.11.
Nio reported an adjusted net loss of $146.7 million, in the past three months, with total revenues surging 146.4.% year-over-year to $666.6 million.
This collaboration will effectively accelerate the needed improvements for cars to successfully communicate with data centers. Carmakers will find it easy now to observe and uncover a potential failure in any of the components.
Despite intentions to compete with Tesla, the BMW iX driving range is lesser than the estimated driving range of the Tesla Model X Long Range.
With Tier continuously offering new products and options, this funding is geared to help support the firm as it hopes to emerge profitable despite the potential risks of the COVID-19 pandemic.
The proposed refund and the potential costs for Tesla seem to be weighing down on the performance of TSLA stock.