Tag: Tesla

Tesla money train enriches more than just CEO

SpaceX owner and Tesla CEO Elon Musk speaks at the E3 gaming convention in Los Angeles, June 13, 2019. REUTERS/Mike Blake/File Photo NEW YORK, Nov 11 (Reuters Breakingviews) – It’s characteristic of Elon Musk that he polled Twitter about whether he should sell 10% of his stake in $1 trillion electric-car maker Tesla (TSLA.O) read… Continue reading Tesla money train enriches more than just CEO

SK on started the manufacturing of the world’s first ‘Dream Battery’, starting the era of ‘9-1/2-1/2 batteries’

<SK Chairman Tae-won Chey (left) had a meeting with Georgia State Senator Jon Ossoff at the SK Seorin office building in Jongno-gu, Seoul on the evening of the 9th.> SK on announced on the 10th that they will mass-produce the world’s first ‘9-1/2-1/2 Battery(or ‘Nine half half’)’, which is considered to be the best specification… Continue reading SK on started the manufacturing of the world’s first ‘Dream Battery’, starting the era of ‘9-1/2-1/2 batteries’

Volkswagen CEO seeks to cool dispute over plant jobs – Yahoo Finance UK

Volkswagen’s CEO has firmly rejected claims of planned job cuts at its flagship plant, with the auto giant instead unveiling plans for a new electric car factory to rival Tesla. There was “no plan to close 30,000 posts” in Wolfsburg and “every site has a future”, chief executive Herbert Diess said in an video shared… Continue reading Volkswagen CEO seeks to cool dispute over plant jobs – Yahoo Finance UK

Autos & TransportationRivian valued at over $100 bln in debut, after world’s biggest IPO of 20211:27 AM UTC

Nov 10 (Reuters) – Shares of Rivian Automotive Inc (RIVN.O) surged as much as 53% in its Nasdaq debut on Wednesday, giving the Amazon-backed electric vehicle maker a market valuation of more than $100 billion after the world’s biggest initial public offering this year. Rivian shares closed at $100.73, marking a nearly 30% jump from… Continue reading Autos & TransportationRivian valued at over $100 bln in debut, after world’s biggest IPO of 20211:27 AM UTC

Amazon-backed electric vehicle maker Rivian races to huge stock market debut after IPO

(Rivian Photo) Rivian, the electric vehicle maker with substantial backing from Amazon, is arriving with a roar in its public debut on the Nasdaq exchange today. Rivian set its IPO price at $78/share on Tuesday, valuing the startup at around $70 billion. But the stock opened at $106.75/share in its first trade and was soon… Continue reading Amazon-backed electric vehicle maker Rivian races to huge stock market debut after IPO

Amazon-backed Tesla rival Rivian raises nearly $12B in blockbuster IPO

TipRanks 2 “Strong Buy” Dividend Stocks With 8% Dividend Yield Let’s talk about rising markets, and whether or not to buy in. That’s the question that investors need to consider right now, as the major indexes have hit record highs – but the economy is flashing signs of concern for those who care to look.… Continue reading Amazon-backed Tesla rival Rivian raises nearly $12B in blockbuster IPO

Rivian CEO sees annual production capacity of at least 1 mln vehicles before 2030

By Ben Klayman, Paul Lienert 4 Min Read DETROIT (Reuters) – Electric vehicle startup Rivian Automotive Inc plans to be building at least one million vehicles annually by the end of the decade, its chief executive said on Tuesday, as it sets its sights on market leader Tesla Inc. FILE PHOTO: R.J. Scaringe, Rivian’s 35-year-old… Continue reading Rivian CEO sees annual production capacity of at least 1 mln vehicles before 2030

Tesla shares steady after two-day rout wipes out $200 bln in market cap

By Reuters Staff 2 Min Read Nov 10 (Reuters) – Tesla Inc shares edged higher on Wednesday, following a two-day rout that saw the electric-car maker shed as much as $200 billion in market capitalization. The selloff was spurred by company chief Elon Musk’s poll over the weekend asking his Twitter followers if he should… Continue reading Tesla shares steady after two-day rout wipes out $200 bln in market cap

Chinese EV startup Nio’s journey to the West

Nio, a Chinese electric vehicle startup listed on the NYSE, will be in at least six European markets by 2022. The firm shared its ambitions for Europe on its earnings call this week. Nio is already taking orders for its electric SUVs and shipping small batches in Norway, its first stop outside China. It didn’t… Continue reading Chinese EV startup Nio’s journey to the West