Nissan plans to invest $17.6 billion over 5 years towards EVs Over the course of 5 consecutive years, Nissan plans to invest about 2 trillion yen or $17.6 billion US into efforts related to electric vehicles On November 29, Nissan said that the company would aim to roll out 23 new electric car models by… Continue reading Business News – 11-29-2021
Tag: Peloton
Business News – 11-16-2021
CEO of Lucid says the start-up will be valued like Tesla in the future Peter Rawlinson, the CEO of Lucid thinks that there’s a bright future for the company and believes that the start-up’s stock and market cap will surpass tesla and other automakers Currently, Lucid’s market cap is around $73 billion and is approaching… Continue reading Business News – 11-16-2021
Business News – 08-27-2021
Tesla has applied to become a Texas electricity provider Tesla filed an application with the Texas Public Utility Commission to sell electricity in the state as the company’s big battery build-out in Angleton, Texas comes online The company aims to connect a 100 megawatt energy storage system to the grid and has already built several utility-scale… Continue reading Business News – 08-27-2021
Business News – 07-19-2021
GM announces pickup truck alongside Hummer production Today vehicle manufacturer General Motors confirmed they will be offering a fully-electric full-size pickup truck Slated for production in April 2022, General Motors plans this electric variant of the Chevrolet Full-size pickup General Motors plans to release 30 Electric vehicles globally by 2025; they plan to invest $27… Continue reading Business News – 07-19-2021
Business News – 06-23-2021
Decrease in shipments of avocados could hurt Chipotle profit margin A 5.8% decrease in avocado shipments is what the Hass Avocado Board expects during the third quarter in comparison to the year prior The price of avocados are expected to rise by 10% and decrease Chipotle’s earnings by 10 to 12 cents a share Peloton… Continue reading Business News – 06-23-2021
Business News – 5-24-2021
Peloton plans to invest $400 million to build its first U.S. manufacturing facility In Troy Township, Ohio, Peloton is going to invest $400 million to build its very first manufacturing factory in the U.S. By 2023, Peloton plans to be producing equipment at this factor and has plans to break ground later this summer In… Continue reading Business News – 5-24-2021
Business News – 5-5-2021
Bezos sells nearly $2 billion worth of Amazon shares According to securities filings, Amazon CEO Jeff Bezos has sold nearly $2 billion worth of Amazon stock in the past two days The sales come one week after Amazon reported first-quarter earnings results, trouncing Wall Street’s expectations Bezos sold roughly $684 million worth of Amazon shares… Continue reading Business News – 5-5-2021