Category: News
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Rivian investors hoping it’s going to be the next Tesla
Rivian, an electric-vehicle maker that has been around for over a decade, finally got around to delivering a product this year — 156 pickup trucks — and nearly all went to its employees.Despite that minuscule total, investors on Wednesday decided Rivian was in the same league as some of the most recognized names in the…
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Rivian revs up for $65bn valuation in IPO
The Jeff Bezos-backed electric carmaker Rivian is aiming for a market value of $65bn (£48bn) when shares start trading in New York, in one of the biggest-ever stock market floats. Rivian announced late on Tuesday that its shares would start trading at $78 each, significantly above the $52 a share lower end of the range…
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BMW CEO Doesn’t Consider Tesla A Premium Brand
BMW chief executive Oliver Zipse doesn’t believe Tesla competes in the same premium segment of the market as the German carmaker. Zipse recently had a conference call with German publication Handelsblatt and was asked to give his opinion on Tesla. He hasn’t been afraid to criticize Tesla models in the past and during the interview,…
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The Transparent CEO, Part 2
After all these years in radio programming, I’ve apparently learned the art of the tease. Yesterday’s blog post introduced JacoBLOG readers to a very different CEO – Ford’s new kid on the block, Jim Farley. Hand-picked out of Toyota by the Ford CEO who turned it all around – Alan Mullaly – Farley has that…
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Tesla drops 12%, its worst decline in 14-months amid insider selling anxiety, weaker China sales, and Michael Burry warning
Tesla CEO Elon Musk. Matt Rourke/AP Photo Tesla stock is on track Tuesday to notch its worst single-day decline since September 2020.The EV manufacturer fell as much as 12% amid insider selling anxiety, China car sales data, and a warning from Michael Burry.Despite the recent decline, Tesla stock is still up 47% year-to-date amid record…
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Is Venture Capital the Secret Sauce of the American Economy? (Ep. 482)
The U.S. is home to seven of the world’s 10 biggest companies. How did that happen? The answer may come down to two little letters: V.C. Is venture capital good for society, or does it just help the rich get richer? Stephen Dubner invests the time to find out. Listen and follow our podcast on…
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Hands-on with the VW ID.4: The every-person’s electric SUV
As someone who’s owned and operated their fair share of EVs, I was looking forward to experiencing Volkswagen’s first truly mainstream electric vehicle, the VW ID.4 SUV. As a part of a #vwpartner collaboration with Volkswagen, I got the opportunity to drive the VW ID.4 for a few days. What I found was an SUV…
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All-Electric Porsche 911 Has A Tesla Motor And A Custom Battery Pack
A number of very special cars were showcased to the world at last week’s SEMA Show and these included a particularly electrifying (or is that Tesla-fying?) 964-generation Porsche 911. The restomod 911 in question comes from a company dubbed Electric GT and features an eGT913 powertrain that also fits Porsche 912 models. This system consists…
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Everything to Know About Rivian, the Next Electric Vehicle Darling
This week, electric vehicle maker Rivian is expected to throw its hat in the ring with a major IPO that could affect both the EV landscape and the way the world’s largest online retailer gets its packages to your door. Rivian has already raised around $11 billion in private capital, with the majority arriving in…
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How a New Generation of Wine Pros Are Positioning Sicily to be the Next Great Italian Wine Region
One is immediately struck by the sense of history when visiting Sicily, the southern Italian island that feels less like an “island” and more like its own continent. Given Sicily’s strategic location, the island was one of the most sought-after prizes in the Mediterranean, with a long history marked by Greek, Roman, Phoenician, Carthaginian, Arab,…