Tesla Stock Upgraded on Massive $20 Billion Cash Balance
Tesla's shares were also upgraded by Standard & Poor's, partially due to cash on the balance sheet that the rating agency believes will be nearly $20 billion by year-end.
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Ford’s Massive Home Run With Mustang Mach-E
Ford's brand new Mustang Mach-E all-electric SUV was named by Edmunds.com as the top luxury EV for 2021.
How Long Can Electric Vehicle Makers Continue Issuing More Shares?
China-based electric vehicle maker Nio priced an offering of 68 million shares at $39 Monday morning. Shares traded lower, but less than you might guess.
If This EV Sales Forecast Is Right, Tesla Is Underpriced
As investors scratch for reasons to push Tesla's shares higher, new research gives them another one.
A Case Tesla Is Overvalued by $500 Billion
A JPMorgan analyst has a simple argument about why Tesla is overpriced. It is a car company, he argues, and not a tech company at all.
Nio Cashes in Big With Another Huge Secondary Offering
Nio shares dipped on Friday after the electric vehicle manufacturer would be conducting a secondary offering.
Electric Vehicle Stocks See Mixed Short Seller Action
Short interest in electric vehicle stocks was mixed in the two-week period that ended November 30. Two Chinese EV makers saw major swings, though, with short sellers bailing on one and embracing the other.
Tesla’s Secondary Offering Lifts All Boats — Except Tesla’s
Electric vehicle maker Tesla has entered an agreement with 10 brokerages to offer $5 billion worth of new stock in the company.
Surprise! Electric Carmaker Xpeng to Issue More Shares
Chinese electric car maker Xpeng has announced an underwritten secondary offering of 40 million shares.
Fiat Sales Drop to 12 Cars a Day
Fiat, one of the best-selling brands in Europe, has struggled to gain traction in the United States. Its sales there have fallen every year since 2014.
Only 4% Of Tesla American Management Is Black
Tesla Inc (NASDAQ: TSLA | TSLA Price Prediction) released its Diversity, Equity and Inclusion Impact. Most of the report was photos which had little to do with the subjects. In relatively small print, Tesla…
Nikola Stock Tanks Following Shrinking Deal With GM
GM and Nikola have scrapped a deal the two companies announced in September, replacing it with an understanding that is far less favorable to Nikola.
Hyundai and Kia Misled the US Government
Hyundai and Kia will pay the U.S. government $210 million. The fines relate to two actions. First, the companies were too slow to announce the recall of 1.6 vehicles with their Theta II engines.…
Short Sellers Like Electric Vehicle Stocks as Share Prices Soar
Short interest in electric carmakers mostly increased in the two-week reporting period ended November 13. Soaring share prices brought out the short sellers.
November New Car Sales Continue Improving but Still Lag 2019
New car sales in November are expected to come in more than 10% lower than sales in November 2019. But holiday car shoppers will find some Black Friday specials and somewhat better inventory of…