|Bid||307.80 x 1000|
|Ask||308.33 x 900|
|Day's Range||303.90 - 308.00|
|52 Week Range||244.59 - 387.46|
|Beta (3Y Monthly)||0.05|
|PE Ratio (TTM)||N/A|
|Earnings Date||Apr 30, 2019 - May 6, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||335.87|
Apple's stock had risen 436% in the five years preceding that dinner. After everyone gave an answer, the seasoned chip executive confidently predicted Apple's stock would actually be lower in five years' time, not higher. The executive was wrong, however: Apple shares went on to double in the ensuing five years.
DETROIT/SAN FRANCISCO (Reuters) - Amazon.com Inc said on Friday it would lead a $700 million investment in U.S. electric pickup truck startup Rivian Automotive LLC, in the e-commerce giant's biggest bet on technologies with potential to reshape the automotive sector. The deal represents a major endorsement of Rivian's electric vehicle technology by the world's largest online retailer. Amazon is hoping Rivian will assist it in its development of delivery vehicles that will bolster its logistics network, according to a person familiar with the matter who asked not to be identified discussing the confidential strategy.
Rivian Automotive announced a funding round of $700 million led by Amazon, as interest in the electric truck startup and potential Tesla challenger grows.
Of course Scaringe, now 36, didn’t have a truck to show then. What he did have was something in common with Mohammed Abdul Latif Jameel, the chairman of a Saudi auto distributor who, like Scaringe, also attended Massachusetts Institute of Technology. Scaringe showed up recommended by MIT contacts, and playing the alumni card worked. “It was a seminal point,” Scaringe said in an interview.
Start-up electric pickup truck maker Rivian announced Friday that it is receiving a $700 million investment in an investment round led by Amazon.com Inc. was reported to have been involved in the deal as one of the investors, but there was no mention of GM in Rivian's announcement. When asked if GM might invest in Rivian going forward, a Rivian spokesperson said the company would not comment on speculation.
As I noted in my column yesterday, the world needs to prepare itself for a world in which Mobility-as-a-Service renders traditional means of transportation obsolete. Just as car companies had better be ready for MaaS, investors had better be ready for new types of combinations between automotive and tech companies. GM is currently trading at 6x 2019 consensus EPS, while Amazon commands a 2019 P/E ratio of 62x.
Billionaire investor Stanley Druckenmiller bet against electric carmaker Tesla Inc during the fourth quarter, wagering that its share price will fall, according to quarterly filings released on Thursday. Druckenmiller's family fund, which shares the name of the hedge fund Duquesne Capital that he founded in 1981, bought put options on Tesla shares worth $99.8 million, a Security and Exchange Commission filing revealed. The option contract allows the fund to sell the shares at a set price before a set time, implying Druckenmiller believes Tesla's share price will fall before the contract expires.
Key Updates from Amazon, eBay, and AlibabaBacking electric pickup maker Amazon (AMZN) is in talks to invest in Rivian, an electric pickup truck maker, according to a Reuters report citing people familiar with the matter. Rivian is planning to begin
Cyber Daily: Carmakers Cope with New Cyber Threats; CISOs Overstressed, Study Says Cyber Daily: Carmakers Cope with New Cyber Threats; CISOs Overstressed, Study Says By Kim S. Nash Good day. The auto sector stands to lose more in sales and other assets due to cyberattack than those historic favorites among hackers: banks, health-care organizations and retailers, according to research from Accenture.
has agreed to buy 100 per cent of Sonnen, a German rival to Tesla and Samsung in providing homeowners with lithium-ion battery packs powered by solar energy. Sonnen, founded in 2010, has grown to become Europe’s largest maker of rechargeable energy storage packs. It has installed more than 40,000 battery packs produced in its three factories in Germany, Australia and the US.
Many saw the value of their U.S. equity holdings drop in the period, as the industry careened toward its worst year since 2011. Investors pulled $42.3 billion from hedge funds, the most in at least five years, industry tracker BarclayHedge said in a report. Billionaire David Tepper’s hedge fund greatly reduced its holdings of U.S.-listed stocks in the fourth quarter.
SAN DIEGO, Feb. 14, 2019 /PRNewswire/ -- Maxwell Technologies, Inc. (Nasdaq: MXWL or the "Company" or "Maxwell"), a leading developer and manufacturer of energy solutions, today announced it has filed its Form 10-K with the Securities and Exchange Commission ("SEC") for the period ended December 31, 2018. On February 3, 2018, the Company entered into an Agreement and Plan of Merger ("Merger Agreement") to be acquired by Tesla, Inc. (Nasdaq: TSLA or "Tesla").
Dog Mode, released late Wednesday, enables Model 3 owners to set the cabin temperature and display a message on the sedan’s screen signaling that the canine’s owner will be back soon. In San Francisco, a major market for the company, public broadcaster KQED investigated last year whether there are more dogs than children in the city.
Elon Musk's SpaceX and Jeff Bezos' Blue Origin have long dominated the news with their respective advances in private space travel industry. But two private Chinese companies are also making big moves and gaining billions in investments as China's state space agency announces its own ambitious goals. Here's what's going on in the global space race.
The legendary Charlie Munger joins CNBC's Becky Quick to share his expertise of China. They discuss the on-going U.S.-China trade talks, what he thinks of President Trump's calls about making sure free trade is fair, and other geopolitical tensions in the world.
Today's call of the day is Tesla. JMP Securities saying that after checking out some of Tesla's competition, it likes the company even more. The team at JMP is reiterating their $406 price target and market outperform rating after driving the Jaguar I-PACE.