Text size Fisker believes that Ocean is the world’s most sustainable all-electric SUV. Courtesy of Fisker. It’s official. Spartan Energy Acquisition is buying California-based electric vehicle maker Fisker in a deal that values the startup at $ 2.9 billion, another $ 1 billion valuation for the ultra-powered alternative fuel space. …
Read More »Uber bets on delivery with $ 2.65 billion in the acquisition of Postmates as transportation suffers
In the race to gain a competitive advantage in the burgeoning food delivery business, major players are dividing the map of the United States. UBER from Uber Technology Inc., + 5.99% intention to acquire privately owned Postmates Inc. for $ 2.65 billion after its failed offer by Grubhub Inc. GRUB, …
Read More »Tesla Stock is way out there. It may be time to tread lightly.
Text size Tesla said it delivered more than 90,000 cars in the second quarter. Photograph by Spencer Platt / Getty Images Tesla‘s The gains have pushed stocks as far as possible from the Wall Street average price. That could be a risk for bullish investors. Tesla (ticker: TSLA) shares gained …
Read More »Why might NIO, Tesla, and other EV actions be in bubble territory?
Text size Workhorse, NIO, Tesla, Nikola, and Tortoise have gained nearly 180% in the past month. Now its shares are trading, on average, 146% above Wall Street’s price targets. When stocks go up like this, they become difficult to value. STR / AFP via Getty Images Shares of an electric …
Read More »Tesla shares soar to record as Wall Street’s biggest bear raises target price
Shares of Tesla Inc. charged higher toward another record on Monday, after even the most bearish analyst on Wall Street raised its target price after the results of deliveries by the electric vehicle maker. NIO Inc.’s rival Tesio of NIO shares, + 23.45% it also shot up to a record, …
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