|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||13.70 - 13.86|
|52 Week Range||12.81 - 19.97|
|Beta (5Y Monthly)||1.25|
|PE Ratio (TTM)||5.25|
|Forward Dividend & Yield||0.94 (6.85%)|
|Ex-Dividend Date||May 11, 2023|
|1y Target Est||23.03|
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Volkswagen, Mercedes-Benz, and BMW are trailing in the electric vehicle market but they are trying to catch up.
Republican lawmakers on Wednesday urged the U.S. Treasury Department to conduct a security review over China-linked ownership of Gotion Inc, which plans to build electric vehicle battery plants in Michigan and Illinois, arguing its management is under Beijing's sway. The move is the latest push by Republicans to question Chinese-linked EV battery producers looking to set up shop in the U.S., possibly with access to taxpayer funding. The governors of Michigan and Illinois have announced plans for Gotion to open EV plants in their states, facilities expected to create thousands of jobs.
Stocks are trading in the red ahead of Instacart's (CART) IPO debut and the Federal Reserve's rate hike decision this week. Nio (NIO) shares fall as the company announced a $1 billion convertible bond offering, which will be partly used to repurchase some existing debt securities. Block (SQ) shares are down as the CEO of the Square payments platform Alyssa Henry will be stepping down from her role on October 2 with Co-Founder Jack Dorsey to take over her responsibilities for the interim. Volkswagen (VWAGY) shares react to the ongoing challenges this year amid the slowing German economy and the speculated trade war between China and the European Union. Yahoo Finance Live takes a look at some of the day's trending tickers. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.