Tesla beats Q3 revenue estimates but supply-chain problems impacting factories
Tesla Inc on Wednesday beat Wall Street expectations for third-quarter revenue on the back of record deliveries as the electric car maker navigated through a prolonged global shortage of chips and raw materials.Tesla said it aims to increase production in the fourth quarter from the previous quarter, adding that "the magnitude of growth will be determined largely by outside factors.". Tesla, the world's most valuable automaker, has weathered the pandemic and the global supply-chain crisis better
Is Lucid Motors Stock A Buy Right With Deliveries Of Its Luxury Sedan Set To Begin?
The Lucid Motors IPO debuted on July 26, as Churchill Capital Corp. IV took the luxury electric-vehicle leader public in a highly anticipated IPO. Is Lucid Motors stocka buy right now after the IPO?In February, Churchill Capital IV — a special-purpose acquisition company — announced a deal to take Lucid Motors public, valuing the company at $24 billion. The company is going public "to accelerate into the next phase of our growth," Lucid Motors CEO Peter Rawlinson said.Lucid Motors stock began t
- The S&P 500 ended lower on Friday after data showed weaker jobs growth than expected in September, yet investors still expected the Federal Reserve to begin tapering asset purchases this year.Wall Street’s three main indexes were mixed for much of the session before losing ground toward the end. All three indexes posted weekly gains.Comcast Corp tumbled after Wells Fargo cut its price target on the media company, while Charter Communications Inc fell after Wells Fargo downgraded that cable op