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 »Netflix shares fall after UBS downgrade
UBS analyst Eric Sheridan downgraded the Netflix Inc. NFLX stock rating, -1.90% Neutral since buying on Tuesday, writing that while the company appears ready to report a strong June quarter as it continued to benefit from COVID-19 locks, investors appear to have valued these benefits in Netflix stock. Shares fell …
Read More »Tesla shares rise after Piper Sandler raises target price above $ 2,300
Tesla Inc. TSLA Shares, -3.08% They rose more than 4% in pre-market trading on Tuesday after Piper Sandler analyst Alexander Potter raised his stock price target to $ 2,322 from $ 939, writing “faster-than-expected stock earnings “and great opportunities in software. Although Tesla shares have shot up almost 260% on …
Read More »PepsiCo Shares Recover After Earnings And Revenue, Plan To Return $ 7.5 Billion To Shareholders
PepsiCo Inc. PEP Shares, + 0.33% A 1.8% recovery in pre-market trading rebounded on Monday, after the beverage and snack giant reported second-quarter earnings and revenues that fell less than expected as the snack and food business held steady. resistant in the midst of the COVID-19 pandemic. Net income fell …
Read More »Tesla’s shares soared. Then $ 55 billion was stripped of its value.
Text size Monday’s reversal was the biggest change from positive to negative for Tesla since June 30, 2010, one day after it went public. Photography by Andreas Dress After a wild Monday, Tesla shares lost about $ 55 billion from their intraday peak and closed 3.1%, after rising more than …
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