Tesla is one of the most lucrative companies in the world, and yet people still managed to underestimate it so far this year. The company recently posted a first-quarter profit that handsomely surpassed estimates, thanks to a shockingly high level of deliveries throughout Q1.
But although the profit was higher...
When it comes to the giant corporations of today, the stakes get higher and higher. We're not talking millions, and we're not talking billions—we're talking trillions.
There are two companies that are expected to reach a value of $2 trillion sometime soon, and they're Microsoft and Amazon.
Last week, Microsoft's shares...
Not long after GameStop CEO George Sherman agreed to step down by July 31st from his position, company shares soared dramatically. Sherman has held the title for roughly two years, and his departure coincided with the company stock rising 6.26% as of earlier this week.
GameStop has been the center...
Peloton has been in some serious hot water as of late. Their shares dropped nearly 7.3% after the U.S. Consumer Product Safety Commission released a shocking video of a young child getting sucked underneath a Peloton treadmill.
Peloton has done fairly well for itself over the past year, offering state-of-the-art...
California-based EV company Lucid Motors and blank check company Churchill Capital IV (CCIV) completed a merger deal on Monday night. With the deal under wraps, the EV company is one step closer to realizing its goal of going public. Churchill Capital IV shares declined by 30% following the announcement.
As...
Rivian Automotive Inc., an electric-vehicle startup that has received financial backing from both Amazon.com Inc. and Ford Motor Co., is determined to go public as soon as September 2021. According to sources that are familiar with the company, Rivian is expecting a valuation of $50 billion at the time...
Sporting apparel giant Nike unveiled its first-ever sustainable basketball shoe on Wednesday, called Cosmic Unity. This is part of the company's Move to Zero campaign, which aims to realize a zero-waste and zero-carbon future.
While composed of at least 25% recycled content, Cosmic Unity lead designer Ross Klein reassured consumers...
In response to the current global semiconductor shortage, Volkswagen has called on European governments to allocate more capital towards boosting the chip manufacturing sector.
According to Markus Duesmann, the Volkswagen board member in charge of research & development and head of luxury unit Audi, the German vehicle manufacturer will not...