Zoomcar Stock Jumps Over 180%

Zoomcar Stock Jumps Over 180% - What's Going On?

Nabaparna Bhattacharya

November 05, 2024

Zoomcar Holdings, Inc. (NASDAQ:ZCAR) shares are trading higher on Tuesday.

The company has announced a major expansion of its customer support team, doubling its size to provide faster, more efficient assistance for both Hosts and Guests.

Hiroshi Nishijima, CEO of Zoomcar, said, “We’ve achieved significant profitability improvement in the past few months and have reinvested in customer support expansion to continue our commitment of making Zoomcar a frictionless experience.”

According to Benzinga Pro, ZCAR stock has lost over 98% in the past year.

Also Read: Trump Holds Edge In Betting Markets On Election Day, While Experts Call Tight Race For Harris

Zoomcar has introduced a new “Host Success Team” to assist new Hosts with onboarding their vehicles and maximizing earnings. This dedicated team offers guidance at every stage of the Host’s journey on the platform, providing ongoing support for success.

Also, Zoomcar has moved to a multi-channel support model, which now includes inbound and outbound calls, chatbot-based ticketing support, and a Generative AI Assistant that offers 24/7 assistance.

Last month the company said it hit a major milestone in the debt restructuring process that is aimed at reducing the company’s debt obligations of approximately $31 million out of the total outstanding debt as on June 30.

The company will announce its second-quarter results on November 14.

Price Action: ZCAR shares are trading higher by 181.6% to $11.35 on Tuesday.

Read Next

Trump Vs. Harris: 2024 Election Deadlocked, Final Emerson Poll Shows One Candidate With Small Edge Among Independents

Recommended

Elon Musk: Without This Company, "Civilization Will Crumble" - Ad

Single Stock Blueprint Available Now - Ad

Costco Gold Mania - Ad

DETROIT (AP) — Had she wanted to, Michelle Chumley could have afforded a pricey new SUV loaded with options. But when it came time to replace her Chevrolet Blazer SUV, for which she'd paid about $40,000 three years ago, Chumley chose something smaller. And less costly.

Elon Musk's Mother Does Harris Impression During TV Appearance

Maye Musk, mother of Elon Musk, has sparked a flurry of reactions following her controversial imitation of Kamala Harris on Fox Business.

Is This Nvidia's Secret Weapon?

Is This Nvidia's Secret Weapon? - Ad

You've likely heard about Nvidia's incredible success in AI. But without this startup's technology, Nvidia's groundbreaking AI chips simply wouldn't be possible. It's still flying under the radar. That could change very soon with a major announcement on the horizon.

Top 3 Tech Stocks You'll Regret Missing In Q4

The RSI is a momentum indicator, which compares a stock’s strength on days when prices go up to its strength on days when prices go down.

Joe Rogan Refutes Rumors Of YouTube 'Censoring' Trump Podcast Episode: 'It Should Be Fine Now'

Popular podcast host Joe Rogan has put to rest speculations that YouTube had suppressed an episode featuring former President Donald Trump.

Unlock the Ultimate Gold Play: $20 for a 1-Oz. Stake in Gold!

Unlock the Ultimate Gold Play: $20 for a 1-Oz. Stake in Gold! - Ad

Gold has already soared past $2,500 an ounce. But with this 'backdoor' strategy, you can gain exposure to over an ounce for just $20. As the Fed cuts rates, the stage is set for a major gold boom.

AST SpaceMobile Stock Is Rising After Hours: What's Going On?

AST SpaceMobile shares are trading higher in after hours Wednesday after the company announces it secured an initial contract with the Space Development Agency as a prime government contractor.

Palantir Partner L3Harris Stock Climbs 4.45% In Pre Market: What's Going On?

L3Harris Technologies Inc. reported revenue of $5.3 billion for the third quarter, surpassing the consensus estimate of $5.28 billion.

Elon: Tesla Is a Robotics Company Now

Elon: Tesla Is a Robotics Company Now - Ad

Elon Musk's new plan for Tesla's future has nothing to do with electric cars... TechRadar reports it "will blow your mind..." & McKinsey says it "will shape the coming decade." We recently got our hands on a video clip detailing this breakthrough.

Stock market today: Japan leads losses in Asia after sharp decline on Wall St driven by Big Tech

HONG KONG (AP) — Asian stocks were mostly lower Friday morning, with Japan's benchmark Nikkei losing over 2% in early trading after a driven by high expectations.

One Tech Tip: How to prepare your online accounts in case you die

LONDON (AP) — Most people have accumulated a pile of data — selfies, emails, videos and more — on their social media and digital accounts over their lifetimes. What happens to it when we die?

Why Trump's Victory Could Fuel the Next AI Surge

Why Trump's Victory Could Fuel the Next AI Surge - Ad

Louis Navellier, tech investor and market veteran, believes Trump's return will drive a second AI boom. Get the top six stocks he recommends before they skyrocket.

Trump and Harris both support a bigger child tax credit. But which families should get it?

WASHINGTON (AP) — Never before in a presidential election cycle has there been so much discussion of the — a tool many Democrats and Republicans have endorsed as a way to lift children and young families out of poverty.

AMD Making 'Great Progress' With AI Giants: Jim Cramer Says AI Chip Story Is 'Not Just Jensen Huang'

Although Nvidia has dominated the AI chip market to date, Advanced Micro Devices CEO Lisa Su believes AMD will continue to see significant growth in the AI space — and she's not alone.

AI Warning: A Strange Force Overtakes U.S. Stocks

AI Warning: A Strange Force Overtakes U.S. Stocks - Ad

As AI stocks stumble/swing, Whitney Tilson just went on camera once again with his latest crash warning. If you have money in a single stock right now -- especially a tech stock -- you need to see what he's calling for today.

Investors Lost Over 95% Of Their Wealth In This Nvidia-Linked ETF While Jensen Huang-Led Chip Giant Gained 220% In The Past Year: Here's More

Nvidia remains a leader in the chip industry, with its shares closing up 0.8% at $138 on Friday.

Boeing machinists are holding a contract vote that could end their 7-week strike

Unionized factory workers at Boeing are voting Monday whether to accept or to , which has lasted more than seven weeks and shut down production of most Boeing passenger planes.

Bezos, Musk, Altman All Shifting to This Next Phase of AI...

Bezos, Musk, Altman All Shifting to This Next Phase of AI... - Ad

Jeff Bezos, Elon Musk, OpenAI, Microsoft and even Nvidia and Intel are all shifting their capital to the NEXT phase of AI... A trend experts predict could be worth as much as $24 trillion.

US Steel Reports Better-Than-Expected Q3 Results, Aims To Close Nippon Steel Deal By Year End

U.S. Steel reported its third-quarter results after Thursday's closing bell. Here's a look at the details from the report.

Michelle Obama Criticizes Trump At Michigan Harris Rally: 'Why On Earth Is This Race Even Close?'

Michelle Obama stepped onto the campaign trail in Michigan, expressing her support for Kamala Harris and blasting former President Donald Trump.

A Gold Storm Is Coming

A Gold Storm Is Coming - Ad

Stansberry Research just released a brand-new warning for what they believe will happen to gold in 2025. Even the most prepared Americans - including many retirees - could be blindsided by what's about to happen.

Trump Slams Cuban Over 'Strong Women' Remarks: 'He's Weak Physically And Mentally'

Donald Trump lashed out at former supporter Mark Cuban for his comments implying that Trump shies away from "strong, intelligent women."

Chinese online retailer Temu faces European Union investigation into rogue traders and illegal goods

LONDON (AP) — Chinese online retailer Temu is facing a European Union investigation over suspicions it's failing to prevent the sale of illegal products, the 27-nation bloc's executive arm said on Thursday.

$2 Trillion Disappears Because of Fed's Secretive New Move

$2 Trillion Disappears Because of Fed's Secretive New Move - Ad

$2 trillion has disappeared from the US government's books. The reason why is a new, secretive move being carried out by the Fed that has nothing to do with lowering or raising interest rates. According to Dan Ferris, you should consider moving money to a unique "escape" investment right away.

A promising schizophrenia drug showed mixed results. What does that mean for patients?

Some people who took a new schizophrenia drug for a year improved with only a few side effects, but many dropped out of the research, the company announced Thursday.

November Interest Rate Cut Almost A Done Deal As Blackout Begins: 10 Stocks Surging The Most Since Fed's Last Decision

Investors expect rate cut at the Fed's Nov. 7 meeting, despite mixed views among officials. Optimism remains as U.S. markets rally since Sept. 18.

24/7 Automated Profits in Crypto

24/7 Automated Profits in Crypto - Ad

October through December are historically among the most bullish months for crypto. WaveBot -- an automated trading tool that takes all the guesswork out of profiting in crypto. It trades key levels, buying dips and selling at the perfect time, 24/7. All you need to do is set it up. After that, WaveBot takes care of everything.

Root Stock Is Soaring Thursday: What's Going On?

Root, Inc. (NASDAQ: ROOT) shares are trading higher Thursday after the company reported better-than-expected third-quarter earnings. Here's what you need to know.

Russia amplified hurricane disinformation to drive Americans apart, researchers find

WASHINGTON (AP) — Russia has helped amplify and spread in the United States and the federal government's response, part of a wider effort by the Kremlin to manipulate America's political discourse before the presidential election, .

America's Enemies Set to Unleash -- WFD -- Weapon of Financial Destruction

America's Enemies Set to Unleash -- WFD -- Weapon of Financial Destruction - Ad

In the coming months, America will face a weapon unlike any other -- a Weapon of Financial Destruction (WFD). Our enemies are ready to use it to collapse our economy, freeze our financial systems, and ruin the lives of millions. But this didn't come out of nowhere -- it's all part of a greater plan that was foretold in ancient prophecy.

LA County sues Pepsi, Coca-Cola over plastic bottles

LOS ANGELES (AP) — Los Angeles County is taking on Pepsi and Coke for their role in plastic pollution.

US economy is believed to have grown at a solid pace again last quarter

WASHINGTON (AP) — Powered by consumer spending, the U.S. economy likely kept expanding at a healthy pace from July through September despite the pressure of still-high interest rates.

November 18th - The Biggest Crypto Event in History

November 18th - The Biggest Crypto Event in History - Ad

According to the man who called every major market top and bottom for the last 29 years... A single event triggering on November 18th will send the crypto market soaring. But what's more exciting... is that this event could send a small sector of the crypto market soaring 5X, 25X, and even 100X higher in just days.

Ship owner in Baltimore bridge collapse seeks to blame others as liability case takes shape

BALTIMORE (AP) — As a sprawling liability case takes shape following the of Baltimore’s Francis Scott Key Bridge in March, the owner and manager of the container ship Dali are seeking to deflect responsibility and cast blame elsewhere.

DoorDash partners with Lyft to give members ride-sharing benefits

Delivery service said Wednesday that it's partnering with to bring ride-sharing benefits to its members.

US Oil Set to Surge on Middle East Tension... Are You Ready?

US Oil Set to Surge on Middle East Tension... Are You Ready? - Ad

With the Middle East facing yet another conflict, now is the time to get in. That's why today I want to show you the best way to profit from oil in 2024. It's NOT a stock, future or bond... Rather, it's an unusual investment that could hand you huge monthly income from the oil and gas markets.

Harris Vs Trump: Crypto Industry Anticipates 'Favorable Regulatory Environment' For Bitcoin And Other Digital Assets After Elections

As the U.S. presidential election approaches, the cryptocurrency industry is hopeful for a more supportive regulatory environment from Washington, regardless of who wins the White House. Industry leaders are preparing for potential shifts in policy that could benefit the sector.

Jim Cramer Says Mark Zuckerberg Has 'Your Brain' As Meta Pours Billions Into Global Domination Strategy

Jim Cramer highlighted Meta CEO Mark Zuckerberg's unique marketing abilities, suggesting Zuckerberg's focus on dominance and precision targeting can create global impact, as Meta's strong Q3 earnings exceeded expectations despite some stock volatility.

AI Market Shock Coming November 19th?

AI Market Shock Coming November 19th? - Ad

Jeff Brown predicts an AI market shift, potentially happening by November 19th, led by Bill Gates' Stargate project. Get ahead of the curve before the next AI market shock.

Average rate on a 30-year mortgage in the US rises for fifth straight week

The average rate on a 30-year mortgage in the U.S. rose for the fifth straight week, returning to its highest level since early August.

Trending Now