Text size Tesla stock is more than 40% above its 50-day moving average. Sean Gallup / Getty Images After a short break Wednesday after a 5-day rally that added more than $ 500, or 36%, to the share price, Tesla shares were on the move again, up nearly $ 100, …
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Text size The Canoo is aimed at young professionals interested in a subscription model. Courtesy Canoo Yet another company with electric cars is publicly traded through a purchase through a special purpose purchase company, or SPAC. This time it’s the Hennessy Capital Acquisition that buys Canoo. Canoo is a self-described …
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Text size Tesla numbers came in much better than expected for several quarters. Spencer Platt / Getty Images Tesla stock market hit $ 1,923 shortly after opening Tuesday – another record – adding to the company’s incredible year. Shares were up 3.5% to $ 1,900.00 later Tuesday morning. The stock …
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Acquisition of special purpose, as company “blank check”, Hennessy Capital Acquisition Corp. HCAC, -80% has jumped on the bandwagon of electric cars as it announced a reverse merger with EV maker Canoo Holdings Ltd. The deal will provide $ 600 million in gross revenue to Canoo, which will be used …
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Shares of General Motors Co. GM, + 9.44% rose 3.1% in Monday morning trading and set them on course for a 2-month closing high after Deutsche Bank analyst Emmanuel Rosner put the motorist on the firm ‘Catalyst Call Buy List’, calling it a potential for a spinoff of electric cars. …
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