A long-time Tesla (TSLA) bear is changing his tune, admitting on Thursday he was “completely wrong” in his analysis of the electric automaker. Since January 2019 RBC Capital Markets analyst Joseph Spak has maintained an […]
Just over a month after raising their price target for Tesla (TSLA) from $360 to $540, Morgan Stanley has raised it again, sending share prices higher in after-hours trading. Analyst Adam Jonas increased the firm’s […]
With the first deliveries of the R1T electric truck and R1S electric SUV scheduled to begin later this year, Rivian Automotive Inc. is seeing its valuation skyrocket as it seeks more investors. After securing more […]
Tesla (TSLA) short sellers are suckers for punishment. Betting that shares of the electric automaker will drop, eventually to zero, they lost a record $38 billion as TSLA rose more than 700% last year. That […]
Through a regulatory filing with the U.S. Securities and Exchange Commission (SEC), Tesla has announced this morning a new 2021 pricing agreement with Panasonic. The Form 8-K outlines the deal, effective from October 1, 2020 […]
Wedbush Securities analyst Daniel Ives says pent-up demand in China could help Tesla reach 1 million vehicle deliveries in 2022. In a note to investors Wednesday, Ives cited “eye-popping” demand for electric vehicles (EVs) in […]
When you have a $15 million NBA contract, you can afford to give your dad a special gift for Christmas. That’s what Denver Nuggets forward Michael Porter Jr. did, surprising his dad Michael Porter Sr. […]
Canada’s Magna International and LG Electronics announced this morning a new joint venture to manufacture e-motors, inverters and on board chargers and, for certain automakers, related e-drive systems. The joint venture, tentatively named LG Magna […]
The long-term outlook for Nikola is looking a little less positive this morning after the cancellation of one of their biggest contracts. In August Nikola announced an order from Republic Services for a minimum of […]
Jay Leno is what you might call a car nut aficionado, with a collection of nearly 300 vehicles worth an estimated $150 USD million ($191M CAD). While almost all of his collection is internal combustion […]
