Elon Musk posted his tweet on his previous consideration to sell Tesla shortly after the reports that Apple may launch its autonomous vehicle in 2024.
Apple’s is once again making its Project Titan alive and is reportedly focusing on battery technology which will make it cost-effective while simultaneously providing more miles range.
As part of the deal, $56 per share will be paid to Aerojet Rocketdyne. Also, after the pre-closing special dividends have been paid by the company, Lockheed will only pay $51 per share as the purchase price.
Despite recording constant gains over the last twelve months, SPCE has dropped over 20% in the last five days.
By going into the electric trucks market, Canoo adopts the same business strategy as that of Tesla. Through its Nasdaq listing, the EV startup plans to raise $600 million to support its production and launch.
After a critical analysis, Zacks Rank gave Tesla shares a ‘Hold’ rating, citing notable fundamentals that are yet to materialize.
Notably, the Mustang Mach-E is similar to Tesla Model Y SUV. Both EVs by Ford and Tesla are alike in pricing, performance, and range.
The growth and rally behind Tesla stock take its backing from the perception of the company by its investors and not necessarily on its auto sales.
While the technical charts are indication another $100 rally from the current rally some analysts have asked investors to maintain cuation and think that the company is highly overvalued at this stage.
Goldman Sachs will serve as an advisor of the deal. Korean law firm Kim & Chang will be the legal counsel of the acquisition.
Depending on how long this pandemic lasts, whether more lockdowns happen, and how fast economies recover, the outlook projected for the EV market could change.
Uber in addition to selling its autonomous driving unit is also investing $400 million in the Aurora self-driving car startup.
So far, Lufthansa has already reduced 20% of its top management positions. Cutting jobs allowed Lufthansa to reduce costs by about €900 million.
Dragon will arrive at the station and dock at the Harmony module’s space-facing port just over 24 hours after the launch. After it lands at the space station, there will be two Dragon vehicles attached to the laboratory for the first time.
The talks of a potential partnership between Tesla and Daimler dates back to a decade ago when Tesla announced that Daimler will be taking up a 10% stake in the company worth $50 million.