| Previous Close | 0.9300 |
| Open | 0.8800 |
| Bid | 0.0000 |
| Ask | 0.0000 |
| Strike | 20.00 |
| Expire Date | 2021-02-19 |
| Day's Range | 0.8800 - 0.9700 |
| Contract Range | N/A |
| Volume | 116 |
| Open Interest | N/A |
- Editor's PickYahoo Finance
Tesla isn't the only auto stock exploding right now
Other auto stocks joins in the impressive rally in Tesla's stock. Here's why.
- Investopedia
Ford (F) Enters First Uptrend Since 2013
The struggling manufacturer holds a small stake in electric vehicle (EV) start-up Rivian Automotive, which just raised $2.65 billion in funding, adding fuel to the upside. Ford stock, which topped out a decade ago, is now trading above the 50-month exponential moving average (EMA) for the first time since a failed effort at the start of 2018. Market wisdom insists that rising seas float all boats in a bull market, and the red-hot EV segment of the automotive sector is no exception, with Tesla, Inc. (TSLA) and NIO Limited (NIO) encouraging investors to take a second look at GM in 2020.
- Benzinga
Warren Buffett-Backed BYD Raises $3.9B In Hong Kong
Chinese carmaker BYD Company (OTC: BYDDF) (OTC: BYDDY), backed by Berkshire Hathaway Inc (NYSE: BRK-A) (NYSE: BRK-B) Chairman Warren Buffett, raised $3.9 billion from a secondary stock sale in Hong Kong on Thursday, the Wall Street Journal reports.What Happened: BYD makes electric cars, batteries, plug-in hybrids, and fossil-fuel-powered vehicles in China. The company cashed in on the investor bullishness in the EV space, which has seen its stock surge more than 400% in Hong Kong in the last 12 months.BYD sold 133 million shares at HK$225 each, representing a discount of 7.8% to Wednesday's closing price of HK$244, WSJ noted.BYD becomes the latest Chinese EV maker to raise capital in a secondary listing after rival Xpeng Inc (NYSE: XPEV) raised $2.5 billion in December, followed by a $2 billion credit line to fuel expansion plans. Nio Inc (NYSE: NIO) had raised $3.1 billion in December, followed by $1.3 billion convertible notes last week. Why It Matters: The journal notes that investors in China bid up on car stocks searching for the next Tesla Inc (NYSE: TSLA). The capital raise puts BYD's market capitalization at $91 billion, in line with rival Nio, compared to $806 billion for Tesla. Investors also hope that China's pledge to become carbon neutral by 2060 and improvements in battery technology and infrastructure will increase electric vehicles' wider adoption.Based on last week's report, BYD outdid rivals Nio and Xpeng in EV sales.As per WSJ, a unit of Berkshire Hathaway has a stake in BYD since 2008 and holds 8.25% of BYD or 25% of its Hong Kong-listed stock. Click here to check out Benzinga's EV Hub for the latest electric vehicles news.Image Courtesy: WikimediaSee more from Benzinga * Click here for options trades from Benzinga * Baidu Enters The EV Fray As It Plans .5B Secondary Hong Kong Listing: Reports(C) 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
