Tesla (NASDAQ: TSLA) and Volkswagen are forecasted to be the most profitable players in the electric vehicle space for the next few years, according to UBS analysts headed by skeptic Patrick Hummel. UBS released a note to investors on Wednesday that indicated American electric car company Tesla and German automaker Volkswagen are sitting in the […]
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Tesla is not the only electric vehicle stock that Dan Ives of Wedbush believes could soar up to 50% this year. With the sector growing at an accelerating rate, Ives believes investors will be given the opportunity to diversify their portfolios with several companies that are showing tremendous upside moving into the end of Q1 […]
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Tesla CEO Elon Musk has no respect for the SEC, but he hopes they look into his recent string of Dogecoin memes and tweets after rumors of a probe by the Commission was rumored to be coming soon. “I hope they do! It would be awesome,” Musk said to a Twitter follower last night. I […]
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Tesla (NASDAQ: TSLA) has had a rare down streak of days during trading sessions in the final full week of February. As a result, short-sellers of the automaker’s stock have pocketed a $3.5 billion profit, but they’re still losing big in the grand scheme of things. For the week, Tesla is down around $79, or […]
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Tesla (NASDAQ: TSLA) is one of several tech stocks sliding after a boost in Treasury yields and increases in commodity prices over the past several days. After experiencing a $40 drop in stock price yesterday, Tesla continued a slide on Wall Street during pre-market and early hours trading in Tuesday’s session. At the time of […]
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Lucid Motors and special purpose acquisition company (SPAC) Churchill Capital have announced that they have come to terms with a definitive merger agreement. Lucid will officially go public after rumors have circulated recently, and the two companies will combine at a transition equity value of $11.75 billion, the companies announced in a statement earlier today. […]
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Tesla bull Cathie Wood added 130,000 TSLA shares to three of ARK Invest’s ETFs recently. The ARK Innovation ETF bought 89,447 TSLA shares, while the ARK Next Generation Internet ETF added 29,508 Tesla stocks, and the ARK Autonomous Technology and Robotics ETF added 13,173 shares. Founder, CEO, and CIO of the asset-management company Cathie Wood […]
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Tesla’s (NASDAQ: TSLA) major institutional investors are making big moves with their holdings of the EV powerhouse’s stock. New reports show that at least three large firms are modifying their TSLA holdings, either adding or selling shares after a massive 2020. Major Tesla investment firm Baillie Gifford has sliced its holdings of the electric automaker’s […]
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Earlier this month, Tesla (NASDAQ:TSLA) made waves when it announced that it had invested $1.5 billion in bitcoin. The investment was practically unprecedented, with even some ardent TSLA bulls raising their eyebrows at the company’s cryptocurrency purchase. Yet if bitcoin’s recent rise is any indication, it appears that Tesla’s investment is already bearing fruit. Even […]
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Lucid’s SPAC merger with Churchill Capital IV is all but confirmed after the fund’s stock spiked during Tuesday trading hours. For weeks, speculation has persisted that Lucid, an all-electric car manufacturer, will merge with CCIV in a deal that will take the company public ahead of the first production push of its vehicles. Widely considered […]
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