Tesla Worth More Than Walmart
Due to a recent surge in its stock price, Tesla's value has jumped above Walmart's current market cap. That seems absurd, as Walmart is the world’s largest retailer.
Cars and Drivers
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Luxury Car Buyers Still Shun Lincoln and Cadillac
As people recently considered what luxury cars they might buy, the two big U.S. brands fell well down the list, far behind the market leaders made by German and Japanese manufacturers.
With Canoo and Hennessy SPAC, Another Public EV Maker Comes Public
Special purpose acquisition companies and blank check companies are merging into electric vehicle companies almost regularly. Now, Hennessy Capital Acquisition is now merging with Canoo.
Tesla Could Be Worth More Than Walmart
The relative worth of the leading electric vehicle maker and world's largest retailer seems absurd. People who support Tesla's current valuation have to make the case that eventually it will be one of the…
Tesla’s Market Cap Matches JPMorgan’s
Tesla shares have continued to rise, and now its market cap has approached that of JPMorgan, America’s largest bank.
Why 2 Permabears Just Capitulated on Tesla’s Sell Ratings
Two holdouts against the run-up in Tesla stock this year have finally lifted both their ratings and price targets. Each had his own reasons for the change of heart.
Have Nio’s Ramped Up Production and Deliveries Put It in the Driver’s Seat?
When Nio reported its most recent quarterly results before the markets opened on Tuesday, the electric vehicle maker said that it had a smaller than expected net loss.
Another EV Maker Takes Aim at Tesla
Electric vehicle maker Lucid Motors on Tuesday announced a certified range of more than 500 miles on a single charge for its Lucid Air luxury sedan. Details and pricing are due early next month.
Major Car Company Relations in China Present Huge Risk for Tesla
China almost certainly will target highly visible U.S. companies if the friction that involves TicTok and WeChat worsens. That makes Tesla a possible target.
Nikola Takes Its First Steps Toward Actual Revenue
Electric truck maker Nikola has announced a partnership with Republic Services to develop and purchase 2,500 electric waste and recycling collection trucks.
2 Auto Giants Seen Leading Tesla in Electric Vehicles Even in 2040
A report from Morgan Stanley looks far out in the future regarding battery-electric vehicles, to 2040 specifically. The firm sees this vehicle market accounting for 72% of global sales.
Ford Chairman Bill Ford Appoints His Sixth CEO
Ford Executive Chair William Clay Ford Jr. really runs the company. There are six chief executive officers over the course of his tenure (including himself) to prove it.
What’s Driving Nikola Stock Down in Q2
Electric/hydrogen-powered truck builder Nikola reported a second-quarter net loss of $0.16 per share and $36,000 in revenue. Analysts were calling for a net loss of $0.13 per share and only $20,000 in revenue.
Ford’s CEO Replacement Could Be the Next Alan Mulally
Ford CEO Jim Hackett is retiring effective October 1 and the company on Tuesday announced that his successor will be Jim Farley, currently Ford's chief operating officer.
Tesla Gets Yet Another Electric Vehicle to Compete With Ahead
Electric pickup truck maker Lordstown Motors will come public in a reverse merger with a special purpose acquisition company later this year.