Tag: monday
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Tesla competitor Nikola Motors skyrockets 104% after setting reservation date for its electric truck (NKLA, TSLA)
Nikola Nikola Corp. surged 104% on Monday after establishing a reservation date for the electric vehicle, Badger. The zero-emissions automobile manufacturer plans to open reservations for its Badger on June 29, as shown by a tweet from Trevor Milton, the founder and chairman of Nikola. Nikola Corp. went public via a reverse osmosis using VectoIQ…
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Elon Musk Buys Massive Ventilator Stockpile From China, Donates It To US Hospitals
Tesla CEO Elon Musk made good on his own guarantee to provide national hospitals with ventilators, announcing on Monday that he’d obtained 1,255 of the FDA-approved breathing machines from China, where the coronavirus originated. Within an Twitter post, Musk demonstrated that the purchase and shipment has been done quickly due to coordination between the Tesla…
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American Airlines will share $30 million portion of Boeing settlement with employees, thanks to the drama surrounding the grounded 737 Max (AAL)
Drew Angerer/Getty Images American Airlines on Monday said it’s reached a deal with Boeing for reimbursement to make up to the grounded 737 Max airplane. The airline said it would share $30 million of the payout with employees, that need to be spread in March. American was among those airlines from the grounding hardest hit,…
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The daily business briefing: July 16, 2019
1. House Speaker Nancy Pelosi (D-Calif.) Said Monday that the House wouldn’t increase the debt ceiling unless it’s a component of a funding deal. Treasury Secretary Steven Mnuchin informed reporters that Congress might need to increase the debt ceiling until its August recess when there is not any budget agreement before then. Otherwise, he said,…
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The Lion Air crash dings Indonesia’s aviation record, but the region is not the Bermuda Triangle for air travel everyone is making it out to be
Antara Foto/Hadi Sutrisno Through REUTERS Following the reduction of a Lion Air flight in waters off Java on Monday, Indonesia is grappling with a brand new chapter in its own troubled aviation history. While a few have been fast to condemn Indonesian aviation, this latest tragedy is much more out-of-character for a business that has…