The technology in EV batteries is developing fast. For starters, the cost is now about 10% of what it was a decade ago for the same capacity and continuing to drop. But as the price goes down and the chemistries are adjusted to increase energy density and longevity, more radical design changes are on the…
Topline The value of meme-based cryptocurrency dogecoin surged Friday morning after Elon Musk said Tesla will accept the popular token as payment for some of its merchandise, signaling the electric car maker’s renewed interest in digital currencies after it temporarily accepted payments in bitcoin last year. Elon Musk said Tesla will accept dogecoin for payment…
Dogecoin, the meme-based bitcoin rival that saw huge growth through 2021, has soared after Elon Musk revealed doge can now be used to buy Tesla TSLA merchandise. Subscribe now to Forbes’ CryptoAsset & Blockchain Advisor and discover hot new NFT and crypto blockbusters poised for 1,000% gains The dogecoin price, far down from its peak…
Ford CEO Jim Farley with the electric F-150 Lightning truck in Dearborn, Michigan. Bill Pugliano/Getty Images Ford Motor Co.’s plans to accelerate production and sales of battery-powered crossovers and pickups are turbocharging the company’s shares this month and pushed its market capitalization past that of larger rival General Motors to become the second-most-valuable U.S. automaker…
Topline Shares of Ford continued to move higher on Thursday—with the legacy automaker’s market value surpassing $100 billion for the first time ever—as more Wall Street analysts bet on the company successfully ramping up electric vehicle production. Ford CEO Jim Farley stands next to the company’s new F-150 Lightning pickup. Carlos Osorio/ASSOCIATED PRESS Key Facts…
Summary Tesla outperformed the S&P 500 in 2021. Wood’s other top holdings underperformed the benchmark index. Heading into a new year, investors are taking a look at their portfolios to determine which stocks were winners and losers in 2021. With a long list of concerns creating volatility in the market, including new variants of the…
Topline Shares of billionaire Warren Buffett’s investing conglomerate, Berkshire Hathaway, continued to their new year rally on Thursday, bringing the company’s market value to a new high of over $700 billion—and putting it within reach of the trillion-dollar milestone. Berkshire’s stock sits near all-time highs, rising over 4% so far this week. zz/Dennis Van Tine/STAR…
Topline Famed stock picker Cathie Wood of $60 billion (assets) Ark Invest kicked off 2022 by doubling down on some of her favorite growth stocks, looking to bounce back after her funds widely underperformed the market last year. The innovation investor added to positions in DraftKings, Roblox and Robinhood. Patrick T. Fallon/AFP via Getty Images…
Topline Shares of legacy automaker Ford continued to surge on Tuesday amid high demand for its upcoming electric pickup, extending a solid run after rising 140% last year and beating out the likes of Elon Musk’s Tesla. The legacy automaker’s stock now sits at roughly 20-year highs. Marcio Jose Sanchez/ASSOCIATED PRESS Key Facts Ford’s stock…
Warren Buffett, chairman and chief executive officer of Berkshire Hathaway Inc., speaks during the … [+] virtual Berkshire Hathaway annual shareholders meeting last May. Berkshire owns shares in China EV maker BYD worth about $7.7 billion. Photographer: Daniel Acker/Bloomberg © 2021 Bloomberg Finance LP China electric vehicle leader BYD today added its name to a…