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  • Tesla CEO says he is open to friendly deal with rival carmaker
    Business
    Reuters

    Tesla CEO says he is open to friendly deal with rival carmaker

    Tesla Chief Executive Elon Musk on Tuesday said he was open to discussing a merger of his start-up electric carmaker with a rival. Speaking at an Axel Springer event in Berlin, Musk was asked whether he would consider buying a rival carmaker given that Tesla's market value of more than $500 billion would make it easy to launch a takeover bid.

  • Dow Jones Loses Ground Late As McConnell Shoots Down Stimulus Plan; Tesla Gains Again
    Business
    Investor's Business Daily

    Dow Jones Loses Ground Late As McConnell Shoots Down Stimulus Plan; Tesla Gains Again

    The Dow Jones gave up gains late after Senate Majority Leader Mitch McConnell shot down a proposed coronavirus stimulus plan.

  • Business
    MarketWatch

    A ‘severe’ drop is imminent, this stock market is signaling, says contrarian strategist

    Investors are crowding into the stock market right now, and they aren't seeing the big signals that indicate they are about to get caught up in a rough period of selling, says our call of the day from contrarian investor Steven Jon Kaplan.

  • Workhorse Shares Fall On Delayed USPS Mail Truck Decision
    Business
    Benzinga

    Workhorse Shares Fall On Delayed USPS Mail Truck Decision

    Shares of Workhorse Group (NASDAQ: WKHS) are down in after-hours trading Tuesday on news of a delay for the long-awaited U.S. Postal Service contract.What Happened: The USPS is delaying its contract decision on the USPS replacement vehicles, according to Trucks.com.The USPS told Trucks it expects to make a decision in the second fiscal quarter of 2021. This decision has been delayed multiple times already and now puts pressure on Workhorse, one of three finalists for the contact."Amid continuing Covid-19 concerns, and in order to provide for capital investment activities and required approvals, the program schedule has been revised and a decision is now planned for quarter 2 of fiscal year 2021," the USPS said in a statement.Related Link: Workhorse CFO Steve Schrader On The Status Of The USPS ContractWhy It's Important: The USPS is set to award a $6 billion contract for 180,000 delivery vehicles. Workhorse Group is one of the finalists along with Turkey-based Krsan and Oshkosh Corporation (NYSE: OSK).Shares of Workhorse are up over 700% in 2020 and investors could sell the delay news.WKHS Price Action: Shares of Workhorse fell 14% to $21.75 in after-hours trading.See more from Benzinga * Click here for options trades from Benzinga * Why Barstool, MGM Could Be Big Winners With Michigan Online Sports Betting * Musk Wants Tesla Employees To Pinch Pennies For Profitability(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.