The potential auto workers strike highlights the companies' biggest issue: Can they afford to spend what it takes to thrive in the new world of electric vehicles?...
Continue ReadingBaron Capital Chairman and CEO Ron Baron is pretty optimistic about his position in Tesla, despite all the recent media attention towards Elon Musk. The billionaire investor appeared on CNBC's Squawk Box on September 13 to talk about Walter Issacson's latest book about Musk among other topics, but to also defend his large positions in both Tesla and SpaceX. "If he was conventional, it would have never happened," Baron said about Musk...
Continue ReadingShares of Chinese EV makers are falling after European Union (EU) regulators launched a probe targeting state subsidies for Chinese EV makers like Nio, BYD, and XPeng, in a bid to protect domestic automakers...
Continue ReadingPer the state governor, Tesla (TSLA) and its suppliers will invest $15 billion in a Gigafactory over the next two years. The investment is thrice the amount previously announced by the officials...
Continue ReadingSunrise shares rose as much as 11% to $1.87 in morning trade. The China-based company, through its joint venture, manufactures and sells graphite anode material for lithium-ion batteries. Tesla uses lithium-ion batteries to power its cars...
Continue ReadingGeneral Motors upgraded, Oracle downgraded: Wall Street's top analyst calls...
Continue ReadingThe Dow Jones Industrial Average dropped Wednesday after a pivotal CPI inflation report. Oil prices hit a new high for 2023...
Continue Reading"We're one of the largest investors in SpaceX," said Baron, who is a close aide to Musk and has a long-time position in his electric car company Tesla. His firm Baron Funds has been purchasing privately owned SpaceX stock since 2017, according to the investor's quarterly report from March. Reuters in November reported that SpaceX was in talks to raise external funding, mostly comprised of secondary shares sale, at a valuation of up to $150 billion...
Continue ReadingFrom fierce rivals to electric allies, auto biggies are actively joining forces for an electrifying revolution on the roads...
Continue ReadingWarren Buffett famously remarked that the market is a voting machine in the short term but a weighing machine in the long term. Meme stock AMC has fallen 80% this year and 98% from its all-time highs of 393.65. Wild swings are a hallmark of meme stocks...
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