Tag: stock market

Jan 15, 2021 - 01:33 pm

Lucid Motors aims to go public via SPAC deal

Lucid Motors appears in talks to go public through a merger with a special purpose acquisition company (SPAC) belonging to investor Micheal Klein. The deal could be worth $15 billion (about €12.4Bn) for the electric vehicle maker.

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Jan 14, 2021 - 02:15 pm

Proterra to go public via merger with ArcLight

Proterra, the U.S. manufacturer of electric buses, has announced its initial public offering through a merger with investment firm ArcLight Clean Transportation. Existing investor Daimler Trucks backs the deal.

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Dec 14, 2020 - 01:24 pm

Tesla pauses Model S and X production

Production of the Model S and Model X in Fremont will be halted for just under three weeks. This is fuelling speculation that both models might be getting a refresh. Meanwhile, according to reports from China, Tesla has now also begun production of the performance version of the Model 3.

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Dec 8, 2020 - 04:45 pm

Tesla announces further capital increase

Tesla has announced a capital increase of another five billion US dollars. This is already the second capital increase within three months. With the first increase at the beginning of September, Tesla aimed to raise up to five billion dollars by selling additional shares.

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Dec 2, 2020 - 12:12 pm

The Lion Electric Company aims to go public

The Canadian electric truck and bus manufacturer The Lion Electric Company announced plans to become a publicly-traded company via a merger with special purpose acquisition company Northern Genesis Acquisition Corp. This will help them ramp up EV production.

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Nov 30, 2020 - 05:03 pm

QuantumScape successfully goes public

The solid-state battery specialist and Volkswagen partner QuantumScape has now completed its announced IPO. On Friday, QuantumScape’s shares began trading on the New York Stock Exchange under the ticker symbol “QS”. The shares rose by around 50 per cent on the very first day of trading.

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Nov 17, 2020 - 12:16 pm

Tesla to join S&P 500 stock market in December

Tesla shares are now included in the S&P 500 stock market index after all. Tesla’s inclusion will take place on 21 December. In addition, Tesla has apparently found a new construction manager for the Gigafactory in Grünheide within its own ranks.

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Nov 14, 2020 - 12:52 pm

Nuvve uses merger to enter the US stock market

The Californian Vehicle-to-Grid (V2G) specialist Nuvve has announced its intention to go public through a merger with the investment company Newborn Acquisition. After completion of the merger, the joint venture Nuvve Holding is expected to be listed on the US Nasdaq stock exchange under the ticker symbol “NVVE”.

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Sep 24, 2020 - 03:32 pm

ChargePoint to enter US stock market

The charging infrastructure provider ChargePoint has announced its IPO. As with Nikola Motor, the IPO will take place through a merger, in this case with the investment firm Switchback Energy Acquisition.

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Sep 14, 2020 - 12:44 pm

Short-seller Hindenburg tries taking down Nikola

Hindenburg Research raises serious fraud accusations against the prospective electric truck manufacturer Nikola. However, the “research” is anything but neutral, as the company itself has sold Nikola shares short and is thus profiting from any price losses resulting from the paper.

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Sep 4, 2020 - 03:52 pm

VW partner QuantumScape hits the US stock market

The solid-state battery specialist and Volkswagen partner QuantumScape went public on the US stock exchange. The company has agreed on a merger with the investment company Kensington Capital Acquisition. The shares will be traded on the New York Stock Exchange under the symbol “QS”.

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Aug 26, 2020 - 03:23 pm

Byton resumes operations as Shengteng

There is news about the electric car start-up Byton, which has been temporarily suspended since 01 July. Chinese media now report, citing insiders, that the company is ready to resume full operations in September 2020.

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Aug 12, 2020 - 12:10 pm

Tesla to split stock end of August

Tesla has announced a stock split for 31 August. Shareholders will receive four additional share certificates as dividends for each share. With this, Tesla wants to solve the problem that the own share has become too expensive. The first reaction of the stock exchange: the shares became even more expensive.

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Aug 4, 2020 - 10:48 am

Lordstown to hit the stock market

Lordstown Motors plans to go public on the US stock exchange Nasdaq through a merger with the investment company DiamondPeak Holdings. It is not the only American EV startup with such plans.

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Jun 11, 2020 - 12:55 pm

Tesla stocks rise past 1,000 USD mark

Tesla shares broke through the USD 1,000 mark for the first time on Wednesday. At over 180 billion dollars, this exceeded Toyota’s market capitalisation for the first time. This means that Tesla is currently trading on the stock exchange as the most valuable car manufacturer in the world.

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Jun 4, 2020 - 05:38 pm

Nikola orders electrolysers from Nel

The US manufacturer Nikola, best known for its plans for fuel cell and battery trucks, has placed an order worth over 30 million dollars with the Norwegian hydrogen specialist Nel for the supply of electrolysers.

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Mar 12, 2020 - 12:34 pm

First Model Y to be delivered on Friday

The first Tesla Model Y will be delivered on this coming Friday 13 March. Only deliveries to customers on the US West Coast have been announced so far. The company has obviously sped things up, since until now, 15 March was said to be the earliest possible date for delivery.

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Mar 4, 2020 - 12:20 pm

Nikola becomes Nikola Corporation via VectoIQ merger

Nikola, the US maker of heavy-duty trucks with batteries and hydrogen fuel cells has become a Nasdaq listed company. The quick entry to the stock market was made possible via a merger with the already listed company VectoIQ Acquisition Corporation.

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Feb 13, 2020 - 05:19 pm

Tesla uses share boost to secure fresh capital

Tesla is taking advantage of the recent rise in its share price and issued new shares to obtain fresh capital. In gross terms, Tesla could raise up to 2.3 billion US dollars including the over-allotment option.

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Feb 5, 2020 - 01:30 pm

Tesla Gigafactory in Texas?

Tesla plans to build another Gigafactory in the USA, possibly in Texas. Elon Musk indicated his considerations with a post on Twitter and US President Donald Trump had also hinted that Musk would build another factory in the USA.

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Jan 14, 2020 - 01:06 pm

Tesla distances from German battery production

Tesla does not plan to manufacture lithium-ion cells near Berlin in the first construction phase. This could be due to the tight schedule. Meanwhile, the Tesla Model Y has received certification from the California Air Resources Board (CARB) in the USA.

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May 2, 2019 - 11:37 pm

Tesla looking to raise $2 billion in fresh capital

Tesla filed for an offering of common stock and convertible notes and indicated that it would raise to 2 billion dollars. $650 million are to come in the form of new equity and the other $1.35 billion in convertible notes. Also, Elon Musk will acquire $10 million in shares.

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Apr 25, 2019 - 12:59 pm

Restraining order for Tesla

Once again Tesla is caught up in the dealings of speculative short sellers banking on short-term profits. The short sellers are said to have discussed deliberately causing collisions to discredit the EV maker. Tesla also obtained an injunction against a short seller who apparently harassed and stalked employees.

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Dec 5, 2018 - 11:56 pm

After BMW, Tesla overtakes Daimler on stock exchange

Tesla is climbing ever higher and has now not only overtaken BMW but has also surpassed Daimler in stock market value since shares of the Germans fell. At the moment the Californians rank third among all car manufacturers with only large volume manufacturers Toyota and Volkswagen being ahead.

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Nov 8, 2018 - 01:57 pm

Govecs postpones planned stock launch

The electric scooter manufacturer Govecs had initially planned to enter the stock market this fall, but the move has now been postponed. In their press the company cited the reasons behind the delay as being “due to the currently difficult capital market environment.”

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Found on electrive.com
https://www.electrive.com/2021/01/15/lucid-motors-aims-to-go-public-via-spac-deal/
15.01.2021 13:11