Tuesday, January 18th, 2022

Category: Business

Rivian pre-order customers made over $240 million in profit on IPO pop

Rivian electric trucks are seen parked near the Nasdaq MarketSite building in Times Square on November 10, 2021 in New York City. Michael M. Santiago | Getty Images Rajiv Patel, an environmental consultant in...

Foxconn buys Lordstown Motors’ old GM factory for $230 million

Lordstown Motors gave rides in prototypes of its upcoming electric Endurance pickup truck on June 21, 2021 as part of its “Lordstown Week” event. Michael Wayland / CNBC Taiwan-based electronics manufacturer Foxconn is moving...

Ford’s stake in EV truck start-up Rivian is worth more than $10 billion in first day of trading

Rivian electric trucks are seen parked near the Nasdaq MarketSite building in Times Square on November 10, 2021 in New York City. Michael M. Santiago | Getty Images A major winner following electric vehicle...

Beyond Meat (BYND) Q3 2021 earnings miss

Beyond Meat “Beyond Burger” patties made from plant-based substitutes for meat products sit on a shelf for sale in New York City. Angela Weiss | AFP | Getty Images Beyond Meat on Wednesday reported...

Retail, truckers, businesses sue to stop requirements

National industry groups representing retail, truckers and independent businesses sued the Biden administration on Wednesday over its vaccine and testing requirements for private companies, claiming they would cause “irreparable harm.” The National Retail Federation,...

SpaceX Crew-3 astronaut launch for NASA: What you should know

The SpaceX Crew-3 astronauts stand on the transporter in front of the Crew Dragon and Falcon 9 stack inside the SpaceX horizontal processing facility at Kennedy Space Center in Florida on Oct. 26, 2021....

Rivian IPO proves General Motors is undervalued, says GM CEO

GM Chair and CEO Mary Barra addresses investors Oct. 6, 2021 at the GM Tech Center in Warren, Michigan. Photo by Steve Fecht for General Motors The massive valuations of electric vehicle start-ups such...