To The Moon

New York Tesla had a stellar 2020: The electric car maker was added to the S&P 500 and the stock surged an electrifying 743%. But some investors have pulled the plug on the company lately.Tesla shares are nearly 25% below their all-time high set earlier in the year, and down 2% for 2021 to date -— a time when traditional automakers are surging as they ramp up electric vehicle ambitions.It seems investors are a bit infatuated with these legacy Big 3 automakers as they look to rapidly expand thei

Nio Inc NIO 7.31% grabbed the largest market share in China’s all-electric SUV market in April, higher than its U.S.-based rivalTesla IncTSLA 3.09%, according to China Automotive Technology and Research Center data.What Happened: Nio grabbed a 23% electric SUV share in April, compared with Tesla’s 17%, CnEVPostreported— citing the CATRC data.Nioclockeda total of 7,404 SUV sales in April — with the ES6 model selling the most at 3,302 vehicles, EC6 sales were 2,484 units and ES8 sales at 1,618 uni

Seven IPOs are slated to raise $1.6 billion in the week ahead, led by private mortgage insurance companyEnact Holdings.The largest deal of the week,Enact Holdings plans to raise $497 million at a $3.6 billion market cap. Being spun out of Genworth Financial, Enact is a leading private mortgage insurance company in the US, with a 17% share of the market in 2020. The company saw a 60% increase in new insurance written during the year, though COVID-19 has caused higher delinquencies and losses.Cros

What Happened?On this day in 1893, U.S. stocks suffered their worst intraday loss in history at the

With investments, popular is not better.U.S. stock funds now are riding a river of new cash from inv

(May 4) Nasdaq drops nearly 2% as tech shares lead losses. Apple, NVDA, Paypal fell more than3%.

An owner of the bar explained to me that he has been closed for a full year and yet miraculously sti