The new $5.3 billion valuation is a significant increase from the $3 billion reported by Pony.ai in February.
At present, NIO stock is one of the highest Wall Street targets with the average Buy rating. Year-to-date, NIO shares are 838.06% up. NIO market cap is $48.36 billion.
Tesla CEO Elon Musk recalls the moment when the odds were against him and how they managed to pull Tesla from bankruptcy and helped it to become the most-valued automobile company on earth.
All Ford factory workers and dealers have expressed with the new management in place that focuses on transparency and better performance efficiency. Streamlining the supply chain and cost reduction are key focus areas for the automobile giant.
In a bid to bolster its stocks’ future, Tesla is aiming to venture into the market of Europe.
Zhejiang Geely Holding Group Co Ltd intends to construct a factory that will be used in the manufacturing of premium Polestar marque.
The Edition 1 model of GM electric Hummer pickup will be available in fall 2021. Its price starts at $112,595. The reservation for the truck is already full.
The third-quarter results are impressive. Tesla generated $8.771 billion in revenue, which marks a 39% growth year-over-year.
The Hummer EV will widen the scope of revenue collection and dependency, thus cushioning General Motors stocks from future crashes.
For the 4G project, Nokia Bell Labs received a $14.1 million grant from NASA. It is also collaborating with Texas-based Intuitive Machines that NASA has chosen to build a small “hopper lander”.
This year, Tesla plans to produce as many as 150,000 Model 3 at its Shanghai facility. Currently, Tesla makes around 11,000 units per month.
All eyes are on America’s Federal Aviation Administration for the approval of the certification to resume the Boeing 737 Max services. The approval is likely to arrive by mid-November as per previous estimates. Passengers flying with the 737 Max will also be informed priorly when the services resume.
The MIH Open Platform from Foxconn will further be relevant for a future upgrade of any auto part, offering what is described as a ‘Modular’ uniqueness.
A new set of COVID-19 restrictions will strain Ryanair (RYA) as well as other airline companies globally.
Tesla revealed its readiness to do everything to continue offering favorable car pricing and introducing price slashes when necessary.