Still interested in investments in electric cars? A new draft bill by Biden will support local electric car producers, so the stocks of American companies might grow again.
Tag: general motors
On September 8th, the quotations of General Motors (NYSE: GM) stocks leaped up by 9% all of a sudden. The reason was electric cars: that day, it became known about the partnership between GM and a young innovative company Nikola (NASDAQ: NKLA).
The electric vehicle industry is developing by leaps and bounds, stocks are constantly growing, but the market has potential. It's not too late to jump on the fast departing train.
Last week we got to know that three of the major carmakers - General Motors (NYSE: GM), Ford Motor Company (NYSE: F), and Fiat Chrysler Automobiles (NYSE: FCAU) - are gradually starting the plants.
Each company has a limited number of buyers who can purchase its goods. What if the company has reached the limit? Let's see on General Motors example.
The S&P500 index is renewing its historical maximums. All seems to go well but analysts keep mentioning yet another wave of crisis that should have come a year ago; however, falling of the stock indices is postponed all the time. In the end, those traders who accumulated short positions are made to close them, pushing the price up.
Popularity is a thing that sometimes comes up all of a sudden, when you are not expecting it at all. Workhorse (NASDAQ: WKHS) was not known by the general public a week ago, but no sooner had Donald Trump mentioned it in his Twitter, its trading volume rose from 200k to 49M shares over a single session (FB, for instance, has an average of 13M), while the stock price went up by over 200%. The Workhouse management was probably not quite ready for such an explosion in popularity, with the company website being completely down.