getty According to a new report from Bloomberg, Apple, Inc. is revving up plans to introduce its new autonomous EVs as soon as 2025. But this is an ambitious target for a phone maker that has never produced a vehicle, let alone an all-electric self-driving model. When you think of “EV,” or electric vehicles, do…
Topline Shares of Rivian tumbled nearly 20% on Wednesday in its first decline since the electric vehicle maker went public last week at a whopping $90 billion valuation. Despite the stock’s decline, Rivian is still worth more than legacy automakers General Motors and … [+] Ford. Spencer Platt/Getty Images Key Facts Rivian’s stock was down…
In recent years, when we think of hot stocks, names like Tesla, Facebook, Amazon, Alibaba, Alphabet, Microsoft and Peloton come to mind. These stocks have seen quite a bit of action among hedge funds every quarter for the last few years, but we uncovered an interesting trend in the third quarter. NEW YORK, NEW YORK…
A Rivian R1T pickup outside the company’s Normal, Illinois, plant. Rivian Rivian, the best-funded electric vehicle startup in U.S. history, continued to gain stock market momentum days after its Nasdaq debut–so much so that the California company currently ranks as the world’s third most valuable automaker, topped only by Tesla and Toyota. Shares of Irvine,…
An asset allocation balances investment risk and return by specifying a particular mix of investments based on the investor’s risk tolerance. For example, an investor might decide to invest 60% of their portfolio in stocks, 30% in bonds and 10% in cash. Investment risk tends to increase as the return on investment increases. Investors can…
Evaporation pools of the new state-owned lithium extraction complex, in the southern zone of the … [+] Uyuni Salt Flat, Bolivia. (Photo by PABLO COZZAGLIO/AFP via Getty Images) AFP via Getty Images The electric car revolution will stall in the West if supplies of crucial battery elements like lithium fail to keep up with the…
Tesla CEO Elon Musk poses with Tesla China-made Model 3 vehicle owners during a ceremony in Shanghai … [+] in 2020. The company ranked No. 2 in EV sales in China last month. (Photo by Ding Ting/Xinhua via Getty) (Xinhua/Ding Ting via Getty Images) Xinhua News Agency/Getty Images China, home to the world’s auto market,…
Topline Elon Musk continued to offload shares of Tesla this week after pledging to abide by the results of a Twitter poll and sell 10% of his stake, and though the world’s richest person has sold a hefty stake, he’s still far from completing his promise. Despite the hefty sales, the world’s richest person still…
Getty Images Getty Images Key Takeaways: Johnson & Johnson Follows General Electric in Breaking Up Businesses Tesla Success Could Be Spreading Gold Rush Fever to Other EV Makers What are the Potential EV Equivalents to Pickaxes and Shovels? Equity index futures are pointing to a higher opening. Stocks are hoping to hang on to…
Topline Shares of electric vehicle maker Rivian rose yet again Friday despite Tesla billionaire CEO Elon Musk pouring cold water on investors’ enthusiasm about the young company, saying it has yet to face its “true test.” Rivian has been flying high since its blockbuster IPO earlier this week. Michael M. Santiago/Getty Images Key Facts Rivian…