Chinese carmaker Li Auto set to offer secondary listing in Hong Kong as a hedge against geopolitical risks between America and China.
Volkswagen posted first half earnings of $13.5 billion and now expects operating return on sales to go as high as 7.5%.
Blue Origin wants the agency to offer a fixed-price contract that would cover any system development cost overruns.
With Tesla hitting a record Q2 net profit, the company is making an optimistic prognosis for the upcoming future. It expects a 50% average annual growth in vehicle deliveries.
The automobile giant is also working to establish eight giga-factories that will manufacture the cells for its electric car batteries. Besides, Mercedes also plans to set up a network of Plug & Charge Stations.
Tesla is planning to make Superchargers that are accessible by all vehicles in most of the countries.
Bezos transitioned into the role of executive chairman of Amazon to devote more time to personal pursuits. Now, the billionaire is looking into industries other than e-commerce. One of them is space tourism.
Richard Branson-owned Virgin Galactic and Elon Musk’s aerospace venture SpaceX are the other two heavyweights in the space race apart from Blue Origin led by Bezos.
Among several points expected to be raised during the upcoming earnings call for Tesla, investors may see a more than 88% increase from the same period last year.
Since hitting an all-time high of around $900 at the beginning of the year, Tesla stock has dropped approximately 8% year-to-date.
The VSS Unity spacecraft carrying Richard Branson, two pilots and three other Virgin Galactic employees set the base for commercial space flights which the company plans to launch starting next year.
The launch of Richard Branson into space has made the financial market buzzing with excitement around Virgin Galactic shares.
Shares of Virgin Galactic (SPCE) climbed about 28.50% during pre-market trading after the announcement and reached the level of $55.50.
The Tesla car caught on fire came just days before the Palo Alto, California-based company is billed to release key numbers for its car deliveries.
The increasing level of tension between authorities in China and the United States is forcing the hands of many US-listed Chinese companies to list on the Hong Kong stock exchange as a way of protecting themselves against both governments.