The current AI-infused record highs in the stock market have some people remembering 2000, when the dot-com bubble burst leaving many investors holding the bag. But veteran financial journalist Allan Sloan says that he was there and this feels much different.
Airbus has changed its tone in bargaining with Montreal-area A220 jet assembly workers following the start of pressure tactics to slow production, according to a union memo to members on Tuesday seen by Reuters. Workers on Monday held a noisy disruption at the A220's final assembly line in the Canadian province of Quebec, according to video and photos taken by the International Association of Machinists and Aerospace Workers.
Hertz's (HTZ) CEO is stepping down after making a failed bet on electric vehicles. Bentley (VWAGY) is delaying its first EV. Fisker (FSR) shares plummeted after the EV maker halted production for six weeks. Those are just the latest in a string of downbeat headlines for the EV sector so far this year. So, what can investors expect going forward? Autoblog Editor-in-Chief Greg Migliore tells Yahoo Finance's Akiko Fujita that the issue for automakers is that, right now, the market consists of "late-stage early adopters." It means that the market is stuck in a period where those who really wanted an EV now have them, but they're not quite mainstream yet, according to Migliore. Smaller EV makers like Fisker, Rivian (RIVN), and Lucid (LCID) don't have the same flexibilities that larger automakers like General Motors (GM) and Ford (F) do. Migliore points to Rivian as an example of an automaker that is giving consumers "something to think about" with new, more affordable models. He also notes that these models will be built at Rivian's plant in Illinois, which helps to reduce costs. Migloire says Fisker, however, "appears to have less staying power." Watch the video above to hear what Migliore says about the possibility of M&A activity in the sector. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Editor's note: This article was written by Stephanie Mikulich.
