Wholesale Club Holdings Inc. of BJ says that the coronavirus pandemic has added the number of new members participating in the retail trade, especially among the young and digitally savvy. BJ’s BJ, + 3.64% says it now has more than six million paid members. “To put this in perspective, over …
Read More »Nikola starts working at the Arizona factory
Text size Courtesy of Nikola. Nikola has begun construction of a manufacturing plant in Arizona, an important step in commissioning as it seeks to disrupt the heavy truck market. Trevor Milton, founder of Nikola, pursues that goal with two main products: battery-powered or hydrogen fuel cell trucks, . Both will …
Read More »Electric car maker Fisker will be released soon. Its founder has high hopes.
Text size Fisker Inc., a new maker of electric vehicles, will announce a merger with a SPAC. The company may be new, but its founder and namesake Henrik Fisker designed the BMW Z8 and Aston Martin V8 Vantage. He has high hopes for electric vehicles and some innovative ideas. Simon …
Read More »Tesla’s second-quarter COVID impacted sales will be a catalyst for stocks next week
Tesla Inc. is expected to report its April-June sales next week, and Wall Street hopes to gauge how much the shutdown of the Silicon Valley automaker’s only U.S. automaker has affected the 2020 sales targets. . Tesla TSLA, -2.66% reports quarterly deliveries, which are your sales representative, and production numbers …
Read More »Another electric van is coming. This is what you need to know.
Text size Private company Lordstown Motors has entered the fray, unveiling its all-electric pickup, Endurance. Servpro, a fire and water damage restoration company, has promised to order 1,200 trucks. Courtesy photography The fully electric truck space is getting crowded. More market participants compete for a share of this lucrative segment …
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