Investors can’t get enough of electric vehicle stocks these days. And the companies are obliging with more deal activity.
NIO stock has enjoyed quite a reversal of fortune lately. Investors were worried about cash earlier in 2020. Shares, however, are up about 241% since late February. A deal for fresh capital with the local government where the company operates started NIO’s stock price rally. In addition to NIO’s stock surge, shares in commercial electric van maker Workhorse —as well as alternative-fuel heavy duty trucking firms Tortoise Acquisition and Nikola —have rallied too. Workhorse shares are up 328% since late February. Tortoise and Nikola stocks are up 168% and 422%, respectively, over the same span.
Thoughts on solo evs?
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Employees ask Ford to stop building and selling police vehicles - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Good. Extremist stupidity. Fire the person for their completely unrealistic view. Any employee is free to leave at anytime. Proud that CEO Jim Hackett stood up to the radical socialist cancel culture mob. Very few with any balls left to do so.
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Electric-vehicle startup Rivian raises $2.5 billion in funding round - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. I s that the Ford focus suv from 20 years ago Can’t even make it aerodynamic. Probably has a range of 100 miles this truck kinda nice its like a land rover/suburban hybrid
Source: BusinessInsider - 🏆 729. / 51 Read more »