Tag: Lucid
US Securities and Exchange Commission targets Spacs – shares of Tesla rival Lucid collapse
Lucid vehicles The merger with the corporate shell Churchill Capital IV gave the electric car maker a stock market valuation of 24 billion dollars. (Photo: Reuters) Frankfurt A subpoena by…
How Magna could become the most important automotive supplier in the world
Dusseldorf There are a lot of inquiries at Magna these days. Start-ups from all over the world want their vehicles to be built by the Canadian auto supplier and developer.…
Fear of rate hikes weighs on Wall Street – stock market rookie Rivian crashes
Trader on the New York Stock Exchange View of the trading floor of the New York Stock Exchange. (Photo: dpa) Frankfurt, New York On Wednesday, Wall Street worried about a…
The prospect of strong Christmas sales drives Wall Street
Frankfurt Strong retail numbers and the prospect of a thriving holiday season have fueled Wall Street prices. The Dow Jones index of standard values rose 0.2 percent to 36,142 points…
Now what you need to know about the Rivian IPO
Rivian founder Robert Scaringe The company is currently working with 9,000 employees at seven locations on two models: the R1T pick-up and the R1S SUV. (Photo: Reuters) new York This…
These are the new Tesla hunters
The electric car maker Rivian is going public in November – and with a valuation that is only slightly below that of BMW: The market capitalization is likely to be…
BMW increases profit significantly – and pulls Mercedes away
BMW headquarters in Munich The operating profit (EBIT) improved by almost 50 percent to 2.88 billion euros, which is also significantly better than expected. (Photo: dapd) Munich More luxury cars,…
These are Tesla’s new challengers
What is behind the record rating? More and more investors believe in the electric future of the automotive industry and are looking for a similar hit after the fabulous rise…
Lucid Air Grand Touring details have been announced! Here are the features
Founded by a former Tesla employee and making a very ambitious entry into the electric car market. Lucid Air, Grand Touring announced the model. Currently only available in Dream Edition…