Tag: Morgan

Hey big spender: Meeting a billionaire car collector

Some people have a fish tank in their home; Tej Kohli has a car tank. The spotlit, part-glazed extension holds five of his most precious motors: a Ferrari 430 Spider, a Bugatti Veyron Grand Sport Vitesse, a Rolls-Royce Ghost, a Rolls-Royce Dawn and a Pagani Huayra. The Pagani is Kohli’s favourite, which is why it’s… Continue reading Hey big spender: Meeting a billionaire car collector

Self-driving truck startup TuSimple files to go public

TuSimple, the self-driving truck company that is backed by a diverse consortium of strategic investors, including Volkswagen AG’s heavy-truck business The Traton Group, Navistar, Goodyear, and freight company U.S. Xpress, filed Tuesday for an initial public offering. TuSimple is taking the traditional path to going public, a departure from the recent trend — particularly among… Continue reading Self-driving truck startup TuSimple files to go public

Karooooo Ltd. Announces Launch of Initial Public Offering

SINGAPORE, March 22, 2021 /PRNewswire/ — Karooooo Ltd. (“Karooooo”) today announced that it has launched the roadshow for the initial public offering of its ordinary shares. Karooooo is offering 2,500,000 of its ordinary shares and Isaias (Zak) Jose Calisto, Karooooo’s chief executive officer (the “Selling Shareholder”) is offering 1,500,000 of Karooooo’s ordinary shares. In addition, the… Continue reading Karooooo Ltd. Announces Launch of Initial Public Offering

Electric vehicles could cost less than $5,000 some day, Morgan Stanley analysts predict (GM, TSLA)

A new electric car could eventually cost as little as $3,000, Morgan Stanley analysts said.  The bank expects electric-vehicle prices to continue to drop for the next decade at least.  Plummeting EV prices could render gas-powered cars completely obsolete, they said.  See more stories on Insider’s business page. The cheapest electric car for sale in… Continue reading Electric vehicles could cost less than $5,000 some day, Morgan Stanley analysts predict (GM, TSLA)

Elon Musk says Tesla will double its Full Self-Driving software’s beta program. It comes amid news that Ford’s Mustang Mach-E is eating into Tesla’s US sales.

Tesla CEO Elon Musk on Friday said the carmaker would double a beta testing program for its self-driving software. The news comes amid reports that Ford’s electric Mustang Mach-E seems to be eating into Tesla’s lead in the electric vehicle market.  On Twitter, Musk said:“If you want the Tesla Full Self-Driving Beta downloaded to your… Continue reading Elon Musk says Tesla will double its Full Self-Driving software’s beta program. It comes amid news that Ford’s Mustang Mach-E is eating into Tesla’s US sales.

Tesla is slowly losing its electric-vehicle crown as Ford’s Mustang Mach-E cuts into sales (TSLA, F)

Tesla’s share of the US electric-car market fell from 81% to 69% in February. The Mustang Mach-E was nearly the sole reason for Tesla’s market-share losses. Ford’s new electric car has been widely successful, winning awards and Wall Street’s approval. Visit the Business section of Insider for more stories. Ford’s electric Mustang Mach-E appears to… Continue reading Tesla is slowly losing its electric-vehicle crown as Ford’s Mustang Mach-E cuts into sales (TSLA, F)

Tesla and Nio have sold off, but the EV party is just getting started and China is key, say these analysts

TipRanks J.P. Morgan: Don’t Say Bye Bye to NIO Stock, Say Buy Buy NIO’s (NIO) Q4 earnings were disappointing — and (most) investors were disappointed. The Chinese electric-vehicle maker’s stock sold off by 13% Tuesday, one day after NIO delivered a tiny sales “beat” — but lost twice as much money as analysts had bargained… Continue reading Tesla and Nio have sold off, but the EV party is just getting started and China is key, say these analysts

Tesla is losing market shares to Ford Mustang Mach-E, according to Morgan Stanley

Morgan Stanley is out with a new report stating that Tesla is losing market shares to the Ford Mustang Mach-E in the US. The firm released its February 2021 US auto sales report and they found that electric vehicle sales were up by almost 40%. Tesla still had majority market shares, but it fell compared… Continue reading Tesla is losing market shares to Ford Mustang Mach-E, according to Morgan Stanley

Dow Falls Despite Biden Vaccine Pledge Amid Weak Jobs Data; Boeing Flies; Bitcoin Surges

Bloomberg Intel Told to Pay $2.18 Billion After Losing Patent Trial (Bloomberg) — Intel Corp. was told to pay VLSI Technology LLC $2.18 billion by a federal jury in Texas after losing a patent-infringement trial over technology related to chip-making, one of the largest patent-damages award in U.S. history. Intel pledged to appeal.Intel infringed two… Continue reading Dow Falls Despite Biden Vaccine Pledge Amid Weak Jobs Data; Boeing Flies; Bitcoin Surges