Production of the 2022 Rivian R1T pickup began late this year. Rivian Rivian hasn’t delivered many of its intriguing new electric pickup trucks, but on its second day as a public company saw a 22% spike in its share price that turned the relatively small, but heavily funded upstart, into the second-most valuable U.S. automaker,…
Topline Stocks fell on Wednesday, with the Dow Jones Industrial Average losing over 200 points after October’s consumer price index jumped by the highest rate in 30 years, adding to investors’ fears that high inflation could derail the recent market rally. Inflation has continued to creep higher, derailing the market’s recent rally. Richard Drew/ASSOCIATED PRESS…
Topline Tesla CEO Elon Musk, the world’s richest person, sold a massive chunk of stock this week, in part to help pay taxes on options he received nearly a decade ago, new regulatory filings showed Wednesday—just days after the eccentric billionaire suggested he’d make the rare sale in response to a billionaire tax proposal discussed…
Topline Tesla CEO Elon Musk, the world’s richest person, sold a massive chunk of stock on Monday to help pay taxes on options he received nearly a decade ago, new regulatory filings showed Wednesday—just days after the eccentric billionaire suggested he’d make the rare sale in response to a billionaire tax proposal discussed last month…
Topline Electric vehicle maker Rivian, which some investors hope could be the next Tesla, went public at a valuation of $90 billion on Wednesday, with shares surging as much as 50% as they commenced trading in America’s biggest initial public offering since Facebook in 2012. Rivian CEO RJ Scaringe. Phillip Faraone/Getty Images for Rivian Key…
Topline Shares of Tesla, one of the past year’s best-performing stocks, continued to rack up massive losses Tuesday after Chief Executive Elon Musk over the weekend sparked concerns that he would sell 10% of his stake in the electric car maker, casting doubts on the long-term viability of the stock’s meteoric gains. Despite plunging 12%…
Topline The stock market ended its best winning streak in over two years on Tuesday, retreating from record highs as corporate earnings season winded down and investors took a breather before an upcoming report on inflation. Stocks fell from record highs after weeks of solid gains. Doug Kanter/AFP via Getty Images Key Facts The Dow…
Elon Musk, founder and chief engineer of SpaceX speaks at the 2020 Satellite Conference and … [+] Exhibition March 9, 2020 in Washington, DC. Getty Images Tesl TSLA a CEO Elon’s Musk’s outlandish tweets over the weekend about selling 10% of his stake in Tesla are sending the stock in a tailspin. In the worst…
Charger with Tesla logo at a Supercharger rapid battery charging station for the electric vehicle … [+] company Tesla Motors, in the Silicon Valley town of Mountain View, California, August 24, 2016. (Photo by Smith Collection/Gado/Getty Images). Getty Images Tesla’s (TSLA) market cap surpassed the trillion-dollar mark, driven by a post-earnings rally that got a…
This is an excerpt from Deal Flow, Forbes’ daily newsletter about big buyouts, big mergers and the rest of Big Finance. Want a new edition in your inbox every afternoon? Subscribe here. On the final Monday of October, Hertz said it had placed a $4.2 billion order for 100,000 vehicles from Tesla to add to…