Tesla Aims for $25K Car by 2023; May Not Have Steering Wheel
Electrek reports Tesla held a company-wide meeting last night where CEO Elon Musk announced to the company that they are aiming to release a new $25,000 electric vehicle by 2023. Tesla first announced the car on its Battery Day last year. Musk also hinted that the vehicle may be fully autonomous, having no steering wheel or pedals.The $25K price point is achieved through Tesla’s new battery cell and battery manufacturing effort, which could reduce battery costs by over 50%.In the meeting, the C
We put 6 more meme stocks' numbers to the test and the differences are telling
Digging deeper into the the meme stock phenomenon, there are big difference between Palantir, Wendy's, Canoo and other companies.The world of meme stocks is changing every day as traders communicating through Reddit's WallStreetBets channel and other social media set their sights on new targets for short squeezes or find other downtrodden companies to bid up in price.After last week's look at financial results and projections for the four BANG stocks and four other meme companies, what follows i
Tesla, Nio Significantly Cut From Baillie Gifford Portfolio, Here's What The Firm Bought Instead In Q1
Investment management firm Baillie Gifford shed significant stake in electric carmakers Tesla Inc and Nio Inc in the first quarter and bought shares in vaccine maker Moderna Inc, regulatory filings reveal.What Happened:Baillie Gifford, a 110-year-old asset management firm and an early investor in Tesla, sold 11.1 million shares, or 1.15% of the Elon Musk-led company’s total shares outstanding, reducing the fund’s holding by 40% in the EV maker from the previous quarter.The Scottish firm has been