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Cathie Wood of ARK Investment Management, who is known for her bullish views on disruptive technologies, and is among the best-known Tesla bulls, is now betting on two themes. What are these and should you follow her? Wood is now betting on digital wallets and genomics. Notably, electric vehicle stocks have been under pressure this…
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Tesla stock 3.7% yesterday and was trading almost 1% higher in US premarket trading today. The surge in bitcoin prices, which have hit a new record high seems to be helping Tesla even as competition seems to be increasing in the EV industry. Earlier this year, Tesla invested $1.5 billion in bitcoins. Later it allowed…
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Chinese electric vehicle Li Auto was trading lower in US premarket trading today after the company announced plans to raise capital by issuing convertible debt. The company would issue convertible senior notes due 2028 to raise %750 million. It plans to grant the initial purchasers in the Notes an option to purchase an additional US$112.5…
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Tesla delivered 184,800 electric cars in the first quarter of 2021 which was a new record despite the first quarter being seasonally weak for the company. Generally, Tesla’s delivery numbers are lower than the production numbers as some cars produced in the quarter remain in transit. Unlike legacy automakers that carry huge inventories, Tesla is…
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NIO stock was trading sharply higher in US premarket trading today after it released its March deliveries which were ahead of its guidance. Earlier this month, NIO had said that it would halt production for five days due to chip shortage. Automakers including Ford, General Motors, and Volvo also had to curtail some production as…
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PrimeXBT Lead Analyst Kim Chua: The Worst May Be Over For XRP As Signs Point Bullish Ripple’s XRP token, once the second largest cryptocurrency by market cap, has had a monumental fall from grace after an SEC investigation seems to indicate the coin should be deemed a security. The price of XRP was progressing well…
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There has been a broad-based sell-off in Chinese tech stocks over the last couple of weeks and Baidu is over 41% from its 52-week highs. Is Baidu stock a buy now after the sharp fall? While there has been a sell-off in all tech stocks amid concerns over their valuations, for Chinese tech stocks, the…
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US-listed Chinese stocks dropped sharply yesterday as the threat of being delisted from major exchanges in America seems to have resurfaced after the Securities and Exchange Commission (SEC) announced that it will start enforcing the mandates of the recently-approved Holding Foreign Companies Accountable Act (HFCA). The law, passed by Congress on 18 December last year,…
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Tesla stock plunged 4.8% yesterday even as the company officially allowed buyers to purchase its cars using bitcoins. The Elon Musk run company has already invested $1.5 billion in bitcoins and plans to retain the bitcoins that buyers pay to purchase its vehicles. Last year, Tesla had raised $13 billion by issuing shares thrice. NIO,…
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Nike stock was trading almost 3% lower in US premarket trading today after posting mixed earnings. The stock has outperformed the S&P 500 over the last year. Should you buy the dip in the stock? Nike reported its fiscal third quarter 2021 earnings for the quarter ended 28 February yesterday after the close of markets….
