Lordstown Motors Corp. shares swung widely between losses and gains on Wednesday after the electric-vehicle startup said it was in talks with multiple parties to raise capital, a day after warning about a cash crisis. After dropping as much as 21% earlier in the day, the stock surged 15% on the news of the discussions.… Continue reading Lordstown Motors erases loss on talks about capital raise
Tag: Tesla
Tesla Accused of Secretly Selling Part of Bitcoin Hoard
Tesla’s sales seem to have rebounded from a seriously weak April, showing surprisingly strong revenues in the month of May. With the values of Bitcoin slipping even further, that wild ride is leading some to suspect the electric car company may have sold off some of its considerable Bitcoin holdings. According to Bloomberg columnist Liam Denning,… Continue reading Tesla Accused of Secretly Selling Part of Bitcoin Hoard
Auto battery maker LG Energy Solution seeks nod for South Korean IPO …
Auto battery maker and Tesla Inc supplier LG Energy Solution (LGES) applied for preliminary approval of an initial public offering (IPO) that publication IFR said could raise $10 billion-$12 billion in South Korea’s biggest ever listing. LGES and the Korea Exchange announced the application for approval of the previously flagged IPO on Tuesday, without mentioning its size. IFR… Continue reading Auto battery maker LG Energy Solution seeks nod for South Korean IPO …
Tesla China deliveries surge 29% in May after April slump
Yahoo Finance’s Myles Udland, Brian Sozzi, and Julie Hyman break down the latest delivery numbers for Tesla in China. Video Transcript MYLES UDLAND: So we talked at the top of the show about the stocks of today. But really, the meme stuck to rule them all is Tesla. That stock up a little bit in… Continue reading Tesla China deliveries surge 29% in May after April slump
Anthony Scaramucci says Elon Musk scared people off bitcoin but he backs it to soar like Amazon stock in the long run
Anthony Scaramucci founded SkyBridge Capital. Reuters/ Rick Wilking Anthony Scaramucci said Elon Musk had “scared people” off bitcoin, but backed it to soar in the long run. He said bitcoin was like Amazon stock, which swung dramatically in its early history. Scaramucci’s SkyBridge capital has around $500 million in bitcoin and sees it as digital… Continue reading Anthony Scaramucci says Elon Musk scared people off bitcoin but he backs it to soar like Amazon stock in the long run
Spanish EV charger maker Wallbox to go public in $1.5 billion New York SPAC deal
Investors have sought in the sector to replicate the stock market success of electric vehicle (EV) maker Tesla Inc. By Isla Binnie MADRID: Spanish electric-vehicle charger maker Wallbox plans to list on the New York Stock Exchange later this year through a merger with shell company Kensington Capital Acquisition Corp, the companies said on Wednesday.… Continue reading Spanish EV charger maker Wallbox to go public in $1.5 billion New York SPAC deal
Boring Company’s Las Vegas Loop with Tesla cars goes into operations, and it is about to expand to the Strip and beyond
The Boring Company’s Las Vegas Loop with Tesla vehicles has officially gone into operations this week, and it already prepares to expand to the Strip and beyond. The Las Vegas Convention Center Loop, the Boring Company’s first full-scale loop project, has now entered operations, and it is available to the public. Elon Musk’s startup had… Continue reading Boring Company’s Las Vegas Loop with Tesla cars goes into operations, and it is about to expand to the Strip and beyond
Anonymous attacks Tesla & Elon Musk in video that looks like it could have been made by the oil industry
Anonymous, an infamous group of hackers, is attacking Tesla and Elon Musk in a new video that uses so much misinformation that it looks like it could have been produced by the fossil fuel industry. Tesla and Elon Musk are no stranger to smear campaigns and misinformation. It generally originates from the automotive or fossil… Continue reading Anonymous attacks Tesla & Elon Musk in video that looks like it could have been made by the oil industry
$1 Billion Las Vegas Convention Center Expansion Debuts with First Major Convention Post-Pandemic
The Las Vegas Convention Center Loop, the underground tunnel developed by Elon Musk’s The Boring Company designed to shuttle convention attendees throughout the 200-acre campus in all-electric Tesla vehicles, also became fully operational. The arrival of World of Concrete signals the return of meetings and conventions to Las Vegas, named the number one trade show… Continue reading $1 Billion Las Vegas Convention Center Expansion Debuts with First Major Convention Post-Pandemic
Retail traders drive rallies in small-time electric vehicle stocks after Tesla posts better-than-expected China sales
Elon Musk walks with former Shanghai Mayor Ying Yong in 2019. STR / AFP via Getty Images STR / AFP via Getty Images Electric-car maker Canoo and auto retailer CarLotz rallied more than 30% amid retail-trader hype. Electric-vehicle manufacturer Workhorse also jumped Tuesday amid a broader meme-stock rally. Tesla reported its May sales in China… Continue reading Retail traders drive rallies in small-time electric vehicle stocks after Tesla posts better-than-expected China sales