The move by BMW is an early indication there will be limits for manufacturers to reap new revenue from software-based services.
Browsing: General Motors
Tesla shares have fallen so far, so fast that some individual investors are piling in, seeing a chance to pick up what was once Wall Street’s highest flying stock on the cheap.
Amazon.com said on Monday it will invest more than €1-billion over the next five years in electric vans, trucks and low-emission package hubs across Europe.
The electric-car magnate is developing an eerie resemblance to another automotive visionary: Henry Ford. That’s not meant as a compliment.
A US car industry group on Monday urged the government to help as it warned the global semiconductor shortage could result in 1.28 million fewer vehicles built this year.
Tesla’s market value soared past $540-billion this week — equivalent to 250 times its expected earnings this year — meaning it’s now the world’s 10th most valuable listed business.
General Motors took a US$2-billion equity stake in Nikola and partnered with the truck maker to engineer and manufacture its Badger bakkie, sending its shares soaring in early trading.
Tesla on Tuesday announced a five-for-one stock split, sending the electric car maker’s recently high-flying shares up 7% in extended trade.
Tesla on Wednesday became the highest-valued car maker as its shares surged to new record highs and the electric vehicle maker’s market capitalisation overtook that of former front runner Toyota.
Stocks were supposed to be mired in a bear market after they plunged in March as the coronavirus pandemic shut business and sent unemployment to its highest rate since the Great Depression. Except they aren’t.