Press "Enter" to skip to content

Solar-Car Maker Skirts Insolvency by Seizing On EV Stock Frenzy – Bloomberg

Bloomberg Daybreak Asia. Live from New York and Hong Kong, bringing you the essential stories from the close of the U.S. markets to the open of trading across Asia.
Live market coverage co-anchored from Hong Kong and New York. Overnight on Wall Street is daytime in Asia. Markets never sleep, and neither does Bloomberg. Track your investments 24 hours a day, around the clock from around the world.
Using the pressure of the sun’s rays to propel spacecraft, solar sails will allow future unmanned missions to be longer and cheaper while reaching the outer solar system—and possibly beyond.
Mocked as ‘Rubble’ by Biden, Russia’s Ruble Roars Back
Puerto Rico Power Slowly Being Restored After Massive Outage
WideOpenWest Explores Options, Including a Sale
Containers Stack Up at China’s Ports as Lockdown Blocks Trucks
Tencent Closes Game Streaming Site After Beijing Blocks Merger
Cuomo Misses Deadline to Mount Challenge in N.Y. Governor’s Race
NFL’s Bills Get $600 Million Stadium Subsidy in New York Budget
Trudeau Taxes Speculators to Cool World’s Hottest Housing Market
Giannis Antetokounmpo Put His Money in 50 Banks Until Bucks Owner Helped Him Invest
Sarah Jessica Parker Sidelined as Broadway Fights Virus
GM Electric Hummer Review: $110,000 Worth of Armor, With Soft Spots
Putin May Be Stumbling, But the West Can’t Let Up on Him
Putin Has Fallen Victim to the Dictator’s Disease
Distressed-Debt Deal Makes People Mad
The TikTok War Didn’t Cause the TikTok Boom
Swap In a Triangle Conference Table for an Ideal Hybrid Meeting
This Is the Red-Hot Center of the Tightest Job Market Since WWII
Politicians Say the Supreme Court Confirmation Process Is Broken. Here’s Why
Book Bans Targeted More Than 1,100 Titles Since July
Two More Black NFL Coaches Join Flores Racial Bias Suit
NOAA: Potent Heat-trapping Methane Increases At Record Pace
Murata to Run More Plants Entirely on Renewable Energy by March 2023
500 New Mothers in New York Will Soon Get Monthly Cash
Illinois’s Shady Political Image Weighs on Appeal of its Debt
It’s Time for a Net Zero Building Boom
Wonky SEC Ruling Reignites Spot U.S. Bitcoin ETF Approval Debate
Thiel Blasts Dimon, Buffett and Fink as ‘Finance Gerontocracy’ at Bitcoin 2022
Robinhood Rolls Out Cryptocurrency Wallet to 2 Million Users
The Sono Sion
Source: Sono Motors GmbH

There’s been seemingly insatiable demand lately for electric vehicle stocks. First, Tesla became a trillion-dollar company. Rivian pulled off this year’s biggest IPO, then watched its shares soar. Lucid has surpassed Ford in market value.
Commentators are contemplating whether we’re witnessing a bubble. Sure, EVs are the future, and one of the above companies is bringing them into the mainstream. But are investors taking big risks by betting on Tesla at these levels, or by piling into unproven challengers?

source