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Text size Polestar expects to ship 50,000 electric vehicles in 2022 and 124,000 in 2023. Courtesy Polestar Polestar, the electric vehicle maker being spun out of Volvo Car (ticker: VOLCARB.Sweden), should begin trading on Friday with a huge enterprise value. Polestar agreed to merge with a special purpose acquisition company, or SPAC, Gores Guggenheim (GGPI) … Read More “A New EV Company Arrives This Week. It’s Worth More Than Rivian.” »
Electric vehicle maker NIO has been stuck in a range of roughly 10,000 monthly deliveries for almost a year. Courtesy Nio Text size Chinese electric vehicle maker NIO offers a cautionary tale for Tesla investors. What happened to its shares could happen to Tesla ’s if volume growth at Tesla follows a similar path as … Read More “NIO Stock Is a Cautionary Tale for Tesla Shareholders” »
Text size Exxon stock is rising after getting upgraded at Credit Suisse. Dreamstime Exxon Mobil stock is jumping after Credit Suisse upgraded its shares from Neutral to Outperform on Tuesday. Unlike many of its competitors, Exxon Mobil (XOM) bet that the world will continue to run on fossil fuels over the medium term and that’s … Read More “Exxon Stock Has Surged This Year. Why One Analyst Sees More Gains Ahead.” »
Text size Palantir stock has lost about half of its value so far this year. Dreamstime Palantir Technologies shares got a boost as BofA Global Research analyst Mariana Perez Mora began coverage of the analytics software company with a price target that is more than 50% above the level before her call. Mora rates the … Read More “Palantir Technologies Stock Gains on Buy Rating From BofA” »
Diamondback Energy stock gained after announcing a dividend increase. Spencer Platt/Getty Images Text size Diamondback Energy surged on Tuesday after the oil explorer said it would increase its base dividends from $2.80 to $3 per common share annually, a 7.1% jump, beginning at the end of the month. The implied annual dividend yield is 2.5%, … Read More “Diamondback Stock Jumps. Its Dividend Increase Is ‘Hard to Ignore.’” »
Text size Rising mortgage rates are dragging on the housing market. Justin Sullivan/Getty Images Jersey and Florida are hot. Housing in Austin and Seattle is not, according to the co-CEO of the U.S.’s second-largest home builder. Lennar (tickers: LEN, LEN. B) noted a slowdown nationally in housing on its earnings conference call Tuesday, and then … Read More “The 7 Worst Housing Markets in America, According to Lennar” »
Text size Several analysts issued downbeat research on memory-chip or disk-drive stocks. Dreamstime Concern that a slowdown in demand for smartphones and personal computers is hurting the outlook for memory chips and other components has triggered a flurry of cautious commentary from Wall Street. The issues affect the memory-chip manufacturers Micron Technologies (ticker: MU) and … Read More “PC and Phone Demand Is Weakening. Analysts See Trouble for Parts Suppliers.” »
When former Purdue University student Matt Wilmsen decided to try a new loan-financing program that would help him avoid traditional student debt, he didn’t expect himself to be constantly grappling with the servicing of his loan for his $29,000 in student debt. From dealing with miscommunication between his college and the loan servicer, who ended … Read More “‘It was extremely difficult, before I got my monthly payments down, to be able to pay rent, buy food’: Purdue graduate slams alternative student loan, suspended by the university” »
Text size Tesla stock fell when the company raised the prices on its website earlier this month. Chris Delmas / AFP via Getty Images Tesla stock is starting a new week on solid footing, at least in part because of upbeat comments from CEO Elon Musk about demand for electric vehicles. Most stocks were higher … Read More “Tesla Stock Is Jumping Because Elon Musk Says Competition Doesn’t Matter” »
Text size Tesla CEO Elon Musk. Getty Images Employees laid off by Tesla have sued in response, giving investors in the electric-vehicle company one more issue to worry about. Employment has been on the mind of Tesla (ticker: TSLA) investors since early June, when Reuters reported on an email from CEO Elon Musk saying he … Read More “Tesla Sued For Employee Layoffs. Musk Calls Suit Trivial.” »
