Tag Archives: Transportation

Elon Musk’s SpaceX is going to raise an impressive sum of $250 million. It will help to add around $3 billion to the company’s valuation and bring it to the level of $36 billion.SpaceX is seeking to raise $250 million. The new funds sought reportedly will be valued at $220 per share. Sources indicate that this new valuation after raising funds would be at $36 billion. This will be an increase from $33.3 billion. The funding round is expected to close in the second week of the next month....

The Cybertruck Owners Club has provided good evidence that as of February 18, Tesla has booked pre-orders for approximately 535,000 of these vehicles translating to 5,873 pre-orders daily. TSLA stock is in green.The Tesla Inc. (NASDAQ: TSLA) stock has been rising continuously since the start of the year, even earning Elon Musk billions within hours, as we published earlier. Musk is yet to update Cybertruck pre-orders since late November 2019, when they reached 250,000. However, the Cybertruck...

Optimism over Tesla’s growing solar business has added more fuel taking the TSLA stock price above $900 billion. Some experts expect Tesla’s solar business to generate $165 billion in annual revenues in a few years from now.There’s seems to be no stopping to the Tesla bull-run these days! On Wednesday, February 19, the Tesla (TSLA) stock price surged a whopping around 7% in its biggest single-day-jump in the last two weeks.Tesla (TSLA) Stock Price MovementsDuring the day closing, the Tesla...

Tesla (TSLA) stock has reacted positively to the news about the company’s talks with CATL, a Chinese producer of cobalt-free batteries.News from the leading electric car manufacturer Tesla: the company is negotiating the deal with CATL, a Chinese producer of batteries for electric vehicles. Tesla is planning to use CATL’s cobalt-free batteries in cars that its Shanghai plant in China produces. As a result of the announcement, Tesla (TSLA) stock soars. In several hours, it increased by 7.30%...

General Motors has announced it will be ceasing its operations in some international markets and concentrate on the profit-making regions. GM stock hasn’t reacted significantly.General Motors (NYSE: GM) through its official website on February 16, 2020, announced it will accelerate its transformation of the international markets. The transformation will entail ceasing all operations by 2021 at Holden in Australia. In addition, the company is in talks with the Chinese company, Great Wall...

Nissan stock has fallen to the lowest level in 10 years as the company has reported its earnings and is still under the pressure of the scandal surrounding former chairman Carlos Ghosn.Japanese automaker Nissan Motor Co. reported its operating income for the three months ending on December 31, 2019, amounted to ¥22.735 billion (around $207 million), significantly lower than market estimates and falling 78% on an annual basis.Net sales for the third fiscal quarter declined 17% to ¥2.5 trillion...

In 2020, Airbus aims to deliver about 880 jetliners, up from 863 in 2019, which was already a record. However, now Airbus (AIR) stock is in red, trading around 1% lower than yesterday.Airbus SE announced its plans to prop up jetliner deliveries to an all-time high in 2020. What actually happens is that it will utilize the situation it came under after the resolution that its rival’s Boeing Co. 737 Max remains grounded. From Boeing, they said they had zero new orders for its aircraft in...

The Airbus stock price is rising, and the only danger seems to be the coronavirus attack that has a negative influence on businesses. The company has recently shown its new plane, possibly revolutionary and certainly stylish.Airbus has proudly presented a new type of plane on several air shows. The new plane has blended wing body design, which is a rare thing. Also, it’s a stylish thing which emits 20% less carbon than other similar models.The project’s codename is Maveric, it’s a 10.5 feet...

According to Ark Invest, if Tesla lands the self-driving option in the right way, it can soon launch an autonomous taxi service (robotaxis). As a result, the TSLA stock value may increase drastically and Tesla could hit $6 trillion by 2024.The leading electric car manufacturer Tesla has been experiencing rapid ups and downs in stock price lately. After a recent jump and reaching a new record of $961, TSLA stock crashed. However, some believe Tesla can save its situation. Besides, in four...

Tesla (TSLA) stock has plunged as the company has announced a delivery delay caused by the fears related to the coronavirus epidemic.Much to the disappointment of many, Tesla (TSLA) stock has begun to fall amid the coronavirus. Tesla, which has been on a very impressive and largely unprecedented surge for a while now, has shed some of its weight because of a delivery issue connected to the epidemic.TSLA Stock CrashOn Wednesday, Tesla vice president Tao Lin announced that the company might...