To The Moon

Chuck Heinle, a small-business owner in Maryland, was thrilled when electric-vehicle startup Fisker reached out to rent one of his warehouses outside Baltimore. He ended up signing a lengthy lease with the company early last year to use the space as a vehicle-delivery center."As soon as they contacted me to lease the building, I invested quite a bit of money" in Fisker stock, Heinle said. "I believed in them. I was thinking they were the next Tesla.". Instead, Heinle became a casualty of Fisker's implosion -- his warehouse empty, his rent unpaid and his shares sold for pennies on the dollar.This time, he vowed to do things differently. He adjusted his pitch to investors, touting a plan for a "digital car company" that would focus on in-car software and selling vehicles online. He co-founded the startup with his wife, Geeta Gupta-Fisker, a former investment adviser, who

Tesla stock was rising in premarket trading Friday after CEO Elon Musk said the electric-vehicle company would be spending "well over" $500 million to expand its Supercharger network.In a post Friday on his social media platform X, Musk said Tesla would be creating "thousands of NEW chargers this year. That's just on new sites and expansions, not counting operations costs, which are much higher.". The announcement from Musk follows reports last week that said Tesla was cutting its Supercharger team of around 500 people.The gains for Tesla Friday put the stock on track to halt three consecutive down days.Shares rose 1% in premarket trading to $173.66, while S&P 500 and Nasdaq Composite futures both were rising 0.4%.Coming into Friday, Tesla stock has fallen about 5% for the week with drops on Tuesday, Wednesday, and Thursday.

On Thursday, Deutsche Bank raised the price target for Tesla shares to $136 from $123, while keeping a Hold rating on the stock.Tesla shares gained 2.2% in morning trading.The adjustment follows Tesla