Elon Musk has agreed to a 366-day lockup on his SpaceX shares following the company's IPO on June 12, meaning he cannot sell his stock for over a year unless Goldman Sachs permits it, which is unlikely. This move signals confidence in SpaceX's future performance but is unlikely to affect Musk significantly given his history of limited stock sales. Meanwhile, other insiders have more flexible selling conditions, allowing them to sell portions of their shares shortly after the IPO, which may drive early price volatility. The rapid inclusion of SpaceX in major indices could cause a strong initial rally but limits the usual price discovery period. Nvidia's CEO has expressed optimism, comparing early investment in SpaceX to early investments in tech giants like Amazon and Google.
Tesla delivered 85,982 new energy vehicles from its Shanghai Gigafactory in May, marking a 39.4% year-on-year increase. China's overall EV market also showed signs of recovery, with 1.36 million passenger EVs sold in May, up 12% from last year. Other...
SpaceX, led by Elon Musk, is targeting a $75 billion initial public offering (IPO) by selling 555.6 million shares at $135 per share. This move is unusual as the company has set a fixed share price before the typical investor roadshow. The IPO filing...
Barclays forecasts the humanoid robot market to grow from $2-3 billion today to $200 billion by 2035, driven by advances in AI and robotics technology. China leads global production and deployment, accounting for 85% of installations and producing ro...
Andrew Left, founder of Citron Research and a well-known activist short seller, was convicted by a federal jury in Los Angeles on multiple securities fraud charges. Prosecutors argued Left manipulated stock prices by publicly promoting or criticizing...
Tesla's stock is forecasted to rally to $520 by late August 2026, based on a technical analysis of its long-term chart pattern showing strong support since April 2024. The stock currently trades at $415.88, with about 25% upside potential if it maint...
