Wall Street was headed for a higher open on Wednesday with the S&P 500 crawling toward a record high as a sharp fall in U.S. oil stockpiles drove up prices, while investors remained on edge due to a stalemate over a new coronavirus relief bill.
Wall Street analysts praised Tesla Inc's move to split its richly valued stock into smaller chunks, saying it had the potential to extend a 200% rally in its shares this year by making it easier for retail investors to hold the stock.
It seems that markets have their pick of catalysts today between volatile gold prices, UK Q2 GDP falling off a cliff, oil prices increasing on low inventories, a potential COVID-19 vaccine out of Russia, U.S.-China trade talks and the delay in U.S. domestic stimulus discussions
U.S. stock index futures rose on Wednesday following a pullback on Wall Street in the previous session, as resilient fuel demand drove up oil prices, while investors remained on edge due to a stalemate over the next coronavirus federal aid bill.
Electric commercial truck maker Nikola Corp of Phoenix, Arizona, tried unsuccessfully to raise $1 billion in the private markets and only turned to a merger with a so-called blank-check company to go public as a way to raise the needed funds, its chief financial officer said.
China's CATL, a Tesla supplier, said on Wednesday it is working on a new technology that will allow battery cells to be integrated with an electric car's chassis, shedding traditional casings that make battery systems bulky.
(RTTNews) - Tesla Inc. (TSLA) said Tuesday that its board approved and declared a five-for-one split of its common stock in the form of a stock dividend to make stock ownership more accessible to employees and investors.
Tesla (NASDAQ: TSLA) after markets closed Tuesday announced a planned five-for-one stock split, a move that could make the stock more attractive to price-sensitive investors.
Tesla Inc on Tuesday announced a five-for-one stock split, as the electric carmaker looks to make its shares more attractive to retail investors following a stunning rally this year.
Tesla Inc on Tuesday announced a five-for-one stock split, as the electric carmaker looks to make its shares more attractive to retail investors following a stunning rally this year.
Tesla Inc on Tuesday announced a
five-for-one stock split, which it said will begin on Aug. 31.
(Reporting by Munsif Vengattil in Bengaluru; Editing by Sriraj
Kalluvila)
((munsif.vengattil@thomsonreuters.com;))
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Polestar, the premium electric vehicle maker owned China's Geely and Volvo Cars, would like to eventually be publicly listed, but the immediate focus is on successfully launching the new Polestar 2 electric sedan, the startup's chief executive said on Tuesday.
Chinese electric carmaker Nio Inc plans to increase capacity, it said on Tuesday after reporting that quarterly revenue more than doubled, beating forecasts.
Electric vehicle startup Lucid Motors, which aims to begin selling its first luxury model, the Lucid Air, in early 2021, said on Tuesday that the new sedan is the first to achieve a 500-mile driving range.
The increased use of fractional shares in stock trading has created a unique investment opportunity, perfect for both beginners and seasoned investors. As their name suggests, this trading option allows you to buy a fraction of a stock share rather than full shares only.
China's electric vehicle maker Nio Inc beat Wall Street estimates for quarterly revenue on Tuesday and forecast current-quarter sales above expectations, after a rise in vehicle deliveries despite disruptions caused by the coronavirus crisis.
When the curtain closes on 2020, few investors will be sad to see it leave. The coronavirus disease 2019 (COVID-19) pandemic has led to the most volatile equities market in history. During the first quarter, the benchmark S&P 500 lost 34% of its value in less than five weeks
Last week, President Trump issued a ban on transactions with TikTok parent ByteDance and Chinese tech juggernaut Tencent (OTC: TCEHY), citing national security concerns regarding the collection of user data. There are many lingering questions about exactly how the ban will be im
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