Musk’s worth dropped to $181 billion on Monday by Michael Gauthier 10 hours ago by Michael Gauthier It’s time to break out the world’s smallest violin as Elon Musk is no longer the richest man on earth. According to Forbes, Tesla’s stock dropped on Monday and this resulted in Musk […]
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When you think of the Porsche Cayenne, the graphic of a rugged off-road automobile that can just take punishment is rarely the initial one to occur to head. In point, irrespective of its characteristic for a 4X4 car tall statue, the German SUV is largely linked with functionality. Be that […]
Auto investor nerves are frayed as they deal with Russia, inflation and the persistent chip shortage. Scott Olson/Getty Images Text size Automotive News incorrectly reported over the weekend that Ford Motor expected a 12% drop in U.S. sales as supply chain woes, and the global semiconductor shortage, persist for longer […]
Polestar CEO Thomas Ingenlath recently discussed the company’s plans with Automotive News. So naturally, the CEO had a lot to say on the subject. However, if you own Gores Guggenheim (NASDAQ:GGPI) stock, one sentence by Ingenlath stands out in a good way. Source: Jeppe Gustafsson / Shutterstock.com Ingenlath’s comments in Automotive […]
Text size Brand new Tesla cars sit are displayed at a Tesla dealership in Corte Madera, California. Justin Sullivan/Getty Images Tesla stock is falling again Monday after breaking a three day losing streak this past Friday. The company’s new plant in Germany looks like it won’t be producing when CEO […]
Cerence (CRNC), a provider of voice assistant and artificial intelligence technology for automobiles, on Monday beat Wall Street’s targets for the December quarter. But its full-year sales guidance came up short. CRNC stock fell on the news. X The Burlington, Mass.-based company earned an adjusted 59 cents a share on […]
O’Reilly Automotive (NASDAQ:ORLY) has historically been a great business to own. The stock is up 694% over the past decade, which could come as a shock to investors who might only expect this type of return from a technology stock. But despite the long-term track record, this automotive aftermarket parts retailer is currently […]
Shares of blank-check company 10X Capital Venture Acquisition (NASDAQ:VCVC) are surging in pre-market trading on Wednesday. VCVC stock was up more than 41% as Nasdaq futures were poised to lead the broader indices higher. Source: Pasuwan/ShutterStock.com What is behind the jump? The special purpose acquisition company announced that it would […]
On July 13, Spartan Energy Acquisition Corp. (NASDAQ:SPAQ) announced that it would acquire Fisker, a Los Angeles-based startup electric vehicle maker, in a reverse merger that values the merged entity at $2.9 billion. Nikola (NASDAQ:NKLA) also went public through a reverse merger with a SPAC. Should this latest deal be […]