Lucid stock on fire, skyrockets nearly 30% after Uber robotaxi deal shocks market — Tesla, Waymo feel the heatLucid Motors stock surge surprised the market with a 30% jump after teaming up with Uber and Nuro for a future-ready robotaxi project. This...
Uber and Lucid team up to launch Robotaxis — 20,000 driverless cars to hit US, set to take on Tesla and Waymo in 2025Uber is making a big move into robotaxis. It is partnering with Lucid and Nuro. The aim is to launch over 20,000 robotaxis. These will be e...
Uber to invest $300 million in EV maker Lucid as part of robotaxi dealShares of Lucid surged more than 56% to $3.58 in trading before the bell after the company also said it had proposed a one-for-ten reverse ...
Tesla’s missing Cybertruck is a problem for the EV revolutionTesla's Cybertruck offering has shifted, leaving only expensive models, signaling issues in producing affordable EVs. This mirrors broader ...
Tesla set to erase $50 billion in valuation after Musk's sales warningTesla tumbled nearly 9% on Thursday. Musk said growth would be "notably lower" as Tesla focuses on a cheaper, next-generation electric vehi...
EV startups burn through more cash as demand faltersEven market leader Tesla has warned of "turbulent times" and traditional automakers with deeper pockets including Ford Motor are losing mon...
Saudi Arabia gives 4% of Aramco to investment fundThe announcement on the state-run Saudi Press Agency comes as the oil firm is valued at just under $2 trillion and as oil trades above $90 ...
Bull market overcame virus waves, Fed pivot in tempestuous 2021The S&P 500 Index ended the last trading day of 2021 with a drop of 0.3% that still left the equity benchmark 27% higher for the year
Elon Musk exercises more options, sells Tesla shares worth $973 millionOver the past week, Musk has sold about 8.2 million Tesla shares for around $8.8 billion. Those sales fulfill almost half of his pledge on ...
Tesla's Elon Musk exercises more options, sells $973 million for taxesElon Musk acquired 2.1 million shares worth $2.2 billion at the Tuesday closing price and sold 934,091 for $973 million to pay taxes, the S...
Tesla dips after Elon Musk sheds $5 billion in sharesThe electric-car maker's stock ended the session down 0.4% at $1,063.51 after tumbling earlier in the week.
Rivian, electric vehicle startup, unveils large losses in IPO filingRivian, founded in 2009, makes an upscale truck and a sport utility vehicle, both designed to be driven off-road. “Now, there’s a way to ex...
SPACs turn to 'stonks' as amateur traders take on more riskAn army of amateur traders that has fueled a rally in heavily shorted stocks, or "stonks," such as GameStop Corp , has discovered the arcan...
Tesla’s 2020 advance blows past 100%, leaving Wall Street in aweTesla rose as much as 24% to $968.99 Tuesday before plunging suddenly in the last few minutes of trading, trimming share prices by more tha...
Saudi fund breathes new life into Lucid after going mum on MuskThe transaction clinches long-sought funding that was crucial to Lucid getting its first model, the Air sedan, into production.
Tesla wannabe is back in spotlight with shot at Saudi investmentLucid Motors, a startup co-founded 11 years ago by a Silicon Valley veteran, is in the spotlight following news reports over the weekend th...
Book Review: 'The Little Book of Valuation' by Aswath DamodaranDamodaran confesses in the book’s preface that even though valuation models can be elaborate, not all variables are equally important.