|Bid||89.10 x 14100|
|Ask||89.12 x 12000|
|Day's Range||88.34 - 90.56|
|52 Week Range||44.45 - 102.00|
|Beta (5Y Monthly)||1.53|
|PE Ratio (TTM)||7.76|
|Earnings Date||Aug 10, 2021|
|Forward Dividend & Yield||2.21 (2.39%)|
|Ex-Dividend Date||Jul 26, 2021|
|1y Target Est||N/A|
Season 7 of the Formula E World Championship, the FIA-sanctioned open-wheel electric racing league, is nearing a close after the exciting last two races at the New York City street circuit in the Red Hook neighborhood of Brooklyn. And while excitement is good for motorsports, that’s not the only reason why big manufacturers and brands spend small fortunes to compete in, and sponsor, racing.
Lotus unveiled its last ever petrol car on Tuesday, a milestone in the British sportscar brand's journey towards becoming an all-electric and far bigger automaker by the end of the decade. Lotus and its Chinese owner Geely want to transform what is now a tiny company making some 1,500 sports cars a year into an electric powerhouse churning out tens of thousands of high-end saloons and sports-utility vehicles (SUVs) as well. "We recognise we need to increase our revenues and the sports car segment is limited," Lotus Managing Director Matt Windle told Reuters.
Ferrari stock has surged, but Porsche represents an investment in the world’s largest auto maker, Volkswagen, which is spending aggressively on technology in electric vehicles.