by Nenita M. Eller | Jul 31, 2020 | Car
(Bloomberg Opinion) — When Nikola Corp. started trading on Nasdaq in June, the Phoenix-based clean transportation company raced quickly to a valuation of almost $30 billion. Its market worth has since fallen to a more reasonable $10.5 billion, but that’s still...
by Nenita M. Eller | Jul 30, 2020 | Start Up
(Bloomberg) — Power companies are loaning out Teslas in Washington, electrifying bus fleets in Virginia and lobbying for electric vehicle tax credits on Capitol Hill. San Diego Gas & Electric Co. even went so far as to help train salespeople on how to...
by Nenita M. Eller | Jul 29, 2020 | Start Up
The fate of the $2-trillion auto industry is now sealed: In this double disruption that’s defying the global pandemic, Tesla (NASDAQ:TSLA) has gained over 433%, sailing past a $1,500 share price and a $300-billion valuation. And absolutely everyone tied to this...
by Nenita M. Eller | Jul 28, 2020 | Car
(Bloomberg) — The rally that made Tesla Inc. bigger than Toyota and Volkswagen better befits a technology company than a car maker, and buying the stock now is probably a mistake for anyone but day traders, an analyst said Tuesday in downgrading the stock. Risks...
by Nenita M. Eller | Jul 24, 2020 | Car
(Bloomberg) — Elon Musk, whose Tesla Inc. was a major beneficiary of government stimulus in the wake of the last global financial crisis, has soured on the concept. The outspoken chief executive officer of both Tesla and U.S. government contractor SpaceX tweeted...
