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
Tag: Tesla
Business News – 11-11-2021
Disney stock continues to fall as inflation increases Shares of Disney have continued to be negative for this year in 2021 and remain behind the S&P 500 Index Return As Disney’s3rd quarter earning swerve announced, it shows that streaming subscriber additions slowed down and costs for its content and Parks business rise GM aims to… Continue reading Business News – 11-11-2021
California News – 09-17-2021
Women arrested by California troopers for DUI while her Tesla was reportedly on Autopilot Highway Patrol troopers for California have arrested a woman for a DUI where her Tesla was allegedly driving on autopilot This incident occurred around 11 p.m. on September 16, on the 134 Freeway and Highway Patrol officers observed that the driver… Continue reading California News – 09-17-2021
Business News – 10-04-2021
Automotive sales at Ford continue to improve but still down by 27% in 3rd quarter From last year in 2020, Ford’s sales for its third quarter have fallen by 27.4% as the semiconductor shortage continues to hurt the automotive industry by interrupting vehicle production and shorted dealer inventories On the contrary, Ford sale’s have improved… Continue reading Business News – 10-04-2021
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 – 07-28-2021
Tesla launches major change in their retail strategy Electric Car Company Tesla is currently implementing their new retail strategy where they plan to shift from their high-rent retail spaces in malls to focusing on developing more delivery centers As for the employees at closing Tesla retail stores, they will transition to working out of the… Continue reading Business News – 07-28-2021
Business News – 06-02-2021
SpaceX and Axiom Space expand their private crew launch deal This new deal that SpaceX and Axiom Space have announced will add three more crewed flights to the ISS (International Space Station) which brings the amount of planned missions to four Previously, Axiom Space have announced it Ax-1 mission to launch with SpaceX’s Falcon 9… Continue reading Business News – 06-02-2021
Business News – 5-17-2021
Biden warns states with low Covid vaccination rates may see cases rise again President Joe Biden warned Monday that coronavirus case numbers could rise once again in U.S. states with low Covid-19 vaccination rates For the first time since the pandemic began over a year ago, Covid-19 cases are down in all 50 states, Biden… Continue reading Business News – 5-17-2021
Business News – 5-12-2021
Wendy’s raises its forecast for 2021, as its breakfast and chicken sandwich boost sales Wendy’s reported better-than-expected earnings Wednesday The company said it expects sales of its breakfast items to grow, prompting it to raise its forecast for the rest of the year The fast-food chain’s new chicken sandwich also boosted sales and helped it… Continue reading Business News – 5-12-2021