Luminar's founder and CEO Austin Russell hasn't met fellow trailblazing Rivian founder and CEO RJ Scaringe. But he doesn't need that one-on-one to understand the message from Rivian's wildly successful debut on the Nasdaq this week. "The Rivian IPO is awesome to see, the success there. I think it does show the level of disruption happening in this industry and the opportunity," Russell said on Yahoo Finance Live. Rivian is about to cap off one impressive start to being a public company, at least from a pure stock price performance. Shares of Rivian popped 4% on Friday to $127, giving the EV upstart a lofty market cap of $125 billion, per Yahoo Finance Plus data. For perspective, the combined market caps of Ford and General Motors clocks in at $170 billion. Rivian's IPO priced at $78 a shar
Elon Musk’s string of Tesla share sales carried on a fifth consecutive day, bringing the total the chief executive officer has offloaded in the wake of an unusual public poll to about US$6.9 billion.The billionaire on Friday disposed of 1.2 million shares worth about US$1.2 billion, according to a regulatory filing. He unloaded US$5.7 billion of stock earlier in the week after asking his Twitter followers whether he should sell 10% of his Tesla stake.Tesla shares fell 2.8% on Friday to close at US$1,033.42 in New York, extending losses this week to more than 15%, its biggest weekly decline since March 2020.The poll was controversial for a host of reasons. For one, some of Musk’s transactions were carried out this week under a trading plan he pre-arranged in September, well before he c
$Amazon.com(AMZN)$profits plunged to $3.2 billion in the third quarter, dropping by nearly half year-over-year, and CEO Andy Jassy told shareholders to brace for more of the same in the critical holiday season.“In the fourth quarter, we expect to incur several billion dollars of additional costs in our Consumer business as we manage through labor supply shortages, increased wage costs, global supply chain issues, and increased freight and shipping costs—all while doing whatever it takes to minimize the impact on customers and selling partners this holiday season,” Jassy said in Amazon’s earnings release.For the third quarter, Amazon posted earnings of $6.12 per share, well below Wall Street’s expectations of $8.92 per share, and down from $12.37 per
Elon Musk told employees that he agrees with Ark Invest that $Tesla Motors(TSLA)$is worth $3000 a share “if they execute really well”.Ark Invest released a new note claiming a $3000 base stock target price by 2025 for $Tesla Motors(TSLA)$.
Based on 6 Wall Street analysts offering 12 months target price, $NIO Inc.(NIO)$has an average target price of $67.52, representing 80% upside potential.
$Alibaba(BABA)$Based on 22 Wall Street analysts offering 12 month price targets for Alibaba in the last 3 months. The average price target is $272.48 with a high forecast of $336.00 and a low forecast of $190.00. The average price target represents a 62.85% change from the last price of $167.32.
$Amazon.com(AMZN)$Based on 31 Wall Street analysts offering 12 months price target. The average target price is 4,200.80 with a high forecast of 5,000 and low forecast of 3,775. The average price target represents a 20.57% up from the last price. What do you think?
$Lucid Group Inc(LCID)$the electric-vehicle company who helped develop the Tesla Model S a decade ago got its first rating from Wall Street Thursday. It is a bullish call.Citigroup analyst Itay Michaeli launched coverage of Lucid (ticker: LCID). He recommends buying the stock and set a target of $28 for the price. Lucid stock gained 4.9% to close the day at $19.85, while the S&P 500 and Dow Jones Industrial Average fell 0.5% and 0.4%, respectively.“Lucid resembles much of what we like about Tesla, but without the lofty 2030 [market] share and [self driving] outcomes that one must underwrite,” wrote the analyst in a Thursday report. He believes the future is in vehicle electrification and autonomous-driving technology. He just doesn