Text size Goldman Sachs analyst Fei Fang downgraded US depositary receipts from Chinese electric vehicle maker NIO to Sell from Hold. ADRs are falling on Friday, but that’s after nearly doubling in the past month. Photography by Giulia Marchi / Bloomberg Recovery of a stock of electric vehicles has gone …
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Shares of Nio Inc. NIO, -9.42% It plunged 6.8% in premarket trading on Friday after Goldman Sachs analyst Fei Fang turned bearish on the China-based electric vehicle maker, citing valuation concerns. It cut its rating to sell, after being neutral since early October. Its target share price is $ 7, …
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Text size Another day, another touch of technology. The Nasdaq Composite has been outperforming the rest of the market this year, but the preference for the heavy tech index appears to have ended this week. Shortly after Thursday’s opening, the Nasdaq Composite fell 1%, while the S&P 500 and Dow …
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Robinhood merchants continue to bet on Tesla. Nearly 40,000 Robinhood accounts added shares of the automaker over a four-hour period on Monday, Bloomberg reported, citing data from Robintrack.net. As of Tuesday, approximately 40,400 Robinhood accounts have added Tesla stocks in the past 24 hours, Robintrack data shows. Now Tesla is …
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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 …
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