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Tesla has reportedly started to deliver the China-made Model Y in China. So far, the company was delivering China-made Model 3 and imported Model S/X in China. The competition in the EV (electric vehicle) industry has been intensifying. This especially holds true for China, the world’s largest market for new energy vehicles. Domestic Chinese automakers…
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If you’re struggling to trade forex profitably, forex signals can help. With forex signals, you have access to a professional trader’s indicators and trades in real-time. So, you can simply copy the trades as they’re made or learn the entire trading strategy to improve your own forex trading. Some of the best forex signal groups…
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On Monday, China released its 2020 GDP data that showed that the economy expanded 2.3%. It is expected to be the only major economy to report a positive GDP growth in 2020 as the rest of the world battled the COVID-19 pandemic that allegedly originated in China only. In its October update, the IMF (International…
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EV (electric vehicle) company Lucid Motors was rumored to go public through a reverse merger with Churchill Capital Corp. IV (CCIV). However, it does not look like a firm deal. SPACs (special purpose acquisition company) has been the preferred listing mode for loss-making startup companies over the last year. Several companies in the electric vehicle…
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The clean energy sector has been dramatically favored by the pandemic, as a shift towards renewable sources of energy and technologies including hydrogen fuel cells, wind, and solar solutions have gained traction as feasible ways to deal with the issue of climate change. During 2020, the largest clean energy exchange-traded funds (ETF) have seen tremendous…
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GameStop stock soared to a new 52-week high on Wednesday that led to a short squeeze. 2020 was a bad year for Tesla stock short-sellers and GameStop seems to be holding the baton of short-seller killer stock for now. GameStop stock soared as much as 94% in intraday trading yesterday before paring some gains. It…
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Fuel cell stocks had another strong day on Tuesday and Plug Power, FuelCell Energy, and Bloom Energy Corporation respectively gained 22%, 21%, and 3%. While investors have poured money into fuel cell stocks, Tesla’s CEO Elon Musk has doubted the hydrogen fuel cell technology. After rallying sharply in 2020, fuel cell stocks are having another…
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Tesla stock, which closed down almost 8% in regular trading on Monday, was trading higher in US premarket trading today. Nasdaq futures were also up slightly after the sell-off yesterday. Tesla ended its 11-day winning streak amid the broader sell-off in US tech stocks. The tech-heavy Nasdaq Composite Index underperformed the S&P 500 and the…
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Bitcoin is dropping sharply today in early cryptocurrency trading activity after seeing four consecutive weeks of big gains that ended up pushing its value above the $40,000 level for the first time in its history. The price of BTC is sliding for a third day, dropping 8.3% so far at $35,054 per coin, following another…
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Oil futures are posting their fourth consecutive day of gains after a decision from Saudi Arabia to cut its daily output by one million barrels per day ended up propelling the price of crude above $50 for the first time since the pandemic started. Futures of the West Texas Intermediate (WTI) are advancing 0.75% so far…
