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Continue ReadingThe market rally is at an infection point after significant losses. Warren Buffett's Berkshire reports Saturday...
Continue ReadingFisker (FSR) announced a new line of vehicles, which includes a pickup truck. In an interview with Yahoo Finance Live, Fisker CEO Henrik Fisker calls pickup trucks “the hottest segment in the U.S.” The new truck, called the Fisker Alaska, will be priced at $45,400 before incentives, with scheduled to start in 2025. Price is a theme Fisker highlights, saying when it comes to demand for a sub-$30,000 EV or cheaper electric pickup truck "we don't know because there isn't any." However, Fisker is optimistic, stating, "we believe that the demand will be there if there's a cool product." The Fisker Alaska will likely ultimately be compared to Tesla's (TSLA) Cybertruck. While the price of the Cybertruck is yet to be announced, it remains one of the most talked about trucks in the EV market. Fisker also discussed the company's decision to manufacture cars in the U.S. that it sells in the U.S. Purchase volume will be a key factor in the company's manufacturing success, with Fisker explaining "as long as we get a volume that's above 50,000 for each model, then it makes sense to make it locally." Fisker also weighed in on incentives that were passed. "It takes at least two-and-a-half years to get a factory from scratch up and running and I think it would've been fair to wait these two-and-a-half years, but they decided to do different", Fisker said, adding that it hasn't impacted his company "a lot."...
Continue ReadingHosted by Brian Sullivan, “Last Call” is a fast-paced, entertaining business show that explores the intersection of money, culture and policy. Tune in Monday through Friday at 7 p.m. ET on CNBC...
Continue ReadingElon Musk is a great investor. Musk isn't likely looking to make another significant investment right now, given his $44 billion acquisition of Twitter in 2022. Responding to a tweet from hedge fund billionaire Bill Ackman, Musk suggested there's a lot to like about owning short-term Treasury bills...
Continue ReadingCompanies like Joby and Archer are about to begin production of electric vertical takeoff and landing aircraft. For investors, the upside could be in the billions...
Continue ReadingToday's top stories for Tesla Inc. (NASDAQ: TSLA) encompass competition, legal, and regulatory news. Competition News: Tesla's lawsuit against Rivian Automotive Inc (NASDAQ: RIVN) over alleged trade secret violations is set to proceed to trial, as a California state court tentatively denied requests for a summary adjudication ruling. The lawsuit, filed by Tesla in 2020, accuses Rivian of hiring former Tesla employees who allegedly shared sensitive trade secret information. Tesla expanded the law...
Continue ReadingLooking for stock market analysis and research with proves results? Zacks.com offers in-depth financial research with over 30years of proven results...
Continue ReadingLooking for stock market analysis and research with proves results? Zacks.com offers in-depth financial research with over 30years of proven results...
Continue ReadingLooking for stock market analysis and research with proves results? Zacks.com offers in-depth financial research with over 30years of proven results...
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