tesla

Tesla Stock Falls despite Record Profits in First Quarter

Mohit Oberoi

Tesla stock was trading lower in US premarket trading today even as the company posted record earnings in the first quarter which were ahead of analysts’ estimates. Tesla reported revenues of $10.4 billion in the first quarter of 2021. The company’s sales increased 74% year over year in the quarter and were in line with…

nikola

Nikola Stock Surges as Company Looks on Track for Commercial Production

Mohit Oberoi

Nikola stock rose over 14% yesterday and was up sharply in US premarket trading today after the company sounded optimistic on its production plans and announced a collaboration with TravelCenters of America (TA-Petro) for hydrogen fueling stations. Nikola and TA-Petro “have agreed to collaborate on the installation of hydrogen fueling stations for heavy-duty trucks at…

fisker

Fisker Stock Surges as Bank of America Sees Massive Upside

Mohit Oberoi

Fisker stock surged 4.5% yesterday and is up sharply in US premarket trading today after Bank of America issued a bullish note on the company forecasting massive upside for the electric vehicle startup company. Bank of America initiated coverage on Fisker stock yesterday with a buy rating and a $31 price target. The target price…

quantumscape

QuantumScape Stock Continues to Fall on Scorpion Report Fallout

Mohit Oberoi

QuantumScape stock fell almost 11% yesterday as the Scorpion short-sell report continues to bite the solid-state battery startup company. In its report Scorpion accused QuantumScape of fraud and compared it to now bust healthcare company Theranos. To be sure, this is not the first time that a short seller has accused a company in the…

tesla

Tesla Is Falling and Even Cathie Wood is Selling the Stock

Mohit Oberoi

Tesla stock was trading lower in US premarket trading today. On Friday, ARK Investment, which is led by prominent Tesla bull Cathie Wood revealed that it has sold some Tesla shares and bought Coinbase. Crypto exchange Coinbase listed last week only. It opted for a direct listing instead of going through the more popular traditional…

sundial growers

Sundial Growers shares surge following release of Q4 and FY 2020 results

Alejandro Arrieche

The price of Sundial Growers shares is rising today in pre-market stock trading action after the company released its financial results covering the fourth quarter of 2020 along with its results for the full-year ended on December 2020. According to the press release, Sundial’s net revenues during 2020 dropped 4%, ending the 12-month period at…

oracle

Oracle Stock Tumbles on Tepid Guidance: Should You Buy or Sell?

Mohit Oberoi

Oracle stock was trading sharply lower in US premarket trading today after releasing its fiscal third quarter 2021 earnings. What’re the key takeaways from the company’s earnings and guidance and should you buy or sell the stock now? It reported revenues of $10.09 billion in the fiscal third quarter ended 28 February 2021, which were…