Tag Archives: Electric

The electric vehicle (EV) industry has a friend in the Biden administration, Transportation Secretary Pete Buttigieg tells Yahoo Finance Presents.  “So we think it is important to continue incentivizing and encouraging electric vehicle adoption. We got to make sure that electric vehicles are not just a luxury item, especially because the fuel savings from not having to pay to fill it up with gas will be especially meaningful to lower and middle income American car owners,” Buttigieg says…. Source link

Tesla shares (TSLA) are getting a nice pop on Monday following much better than expected first quarter delivery numbers, but the real upside to shares in the medium-term will be in part due to efforts out of the Biden administration to get people into electric cars.  Or so says Wedbush tech analyst Dan Ives, who lifted his rating on Monday to Outperform with a $1,000 price target. Ives’ bull case price target is $1,300, reflecting optimism on Biden’s EV ambitions.  “We are hearing from our… Source link

Longleaf Partners Fund, a Memphis-based fund under Southeastern Asset Management, recently released its Q4 2020 Investor Letter, a copy of which you can download here. The fund posted a return of 22.75% for the quarter, outperforming its benchmark, the S&P 500 Index which returned 12.15% in the same quarter. You should check out Longleaf Partners’ top 5 stock picks for investors to buy right now, which could be the biggest winners of 2021. In the Q4 2020 Investor Letter, the fund highlighted… Source link

Bloomberg Tesla Is Plugging a Secret Mega-Battery Into the Texas Grid (Bloomberg) — Elon Musk is getting into the Texas power market, with previously unrevealed construction of a gigantic battery connected to an ailing electric grid that nearly collapsed last month. The move marks Tesla Inc.’s first major foray into the epicenter of the U.S. energy economy.A Tesla subsidiary registered as Gambit Energy Storage LLC is quietly building a more than 100 megawatt energy storage project in… Source link

The Conversation Why using reconciliation to pass Biden’s COVID-19 stimulus bill violates the original purpose of the process Speaker of the House Nancy Pelosi and other top Democrats meet with reporters before the House voted to pass a $1.9 trillion pandemic relief package on Feb. 26, 2021. AP Photo/J. Scott ApplewhiteReconciliation – it’s a term federal budget experts would understand, but for the rest of us, it sounds like what you do with a family member you haven’t talked to in… Source link

By Ernest Scheyder (Reuters) – Last September, in the arid hills of northern Nevada, a cluster of flowers found nowhere else on earth died mysteriously overnight. Conservationists were quick to suspect ioneer Ltd, an Australian firm that wants to mine the lithium that lies beneath the flowers for use in electric vehicle (EV) batteries. One conservation group alleged in a lawsuit that the flowers, known as Tiehm’s buckwheat, were “dug up and destroyed.” The rare plant posed a problem for ioneer… Source link

Bloomberg Buffett’s Letter to Break Months of Silence Amid Tumult in U.S. (Bloomberg) — While 2020 raged, Warren Buffett mostly held his tongue.He stayed quiet through a heated presidential election, a racial reckoning that sparked nationwide protests and an exuberance for stocks that’s gripped millions of Americans. Not to mention a global pandemic. Now, the billionaire chief executive officer of Berkshire Hathaway Inc. has a chance to break his silence with the release of his annual… Source link

It has been a long road for Lordstown Motors founder and CEO Steve Burns to arrive at this point of being ready to produce his electric pickup truck, dubbed the Endurance. The good news is that he arrives at this critical juncture with a large number of orders. “Our initial foray is into fleets, and we have pre-sold 100,000 of these vehicles to various fleets across America — really a big appetite,” Burns told Yahoo Finance Live. “You’ve got a fleet using a 17-mile per gallon pickup truck… Source link

Electric vehicles were the story of the year throughout 2020, but a battle in the EV industry could bust the market wide open in 2021. While Tesla was the one grabbing headlines in the United States, with over 700% gains in 2020… A Chinese competitor most folks have never heard of was already showing up Elon Musk’s EV juggernaut. Nio, “the Chinese Tesla,” has rolled out over 75,000 electric vehicles to date. And with their ET7 electric car boasting a record range of 621 miles on one… Source link

In the Southeast United States, Google GOOG is one of the large industrial actors leading an effort to restructure the region’s energy markets. Google, and other corporations backing this proposal, claim they are acting virtuously to secure more clean energy. However, the reality is that these efforts are best seen as a strategy for reducing their electricity bills rather than carbon emissions, and should it succeed it would result in most other Americans— including low income… Source link