Tuesday , June 15 2021

Tag Archives: investing

Lordstown Motors stock plunges after CEO and CFO resign

Shares of Lordstown plunged nearly 20% in early trading on the news. Lordstown didn’t give a concrete reason for the departures of CEO Steve Burns and CFO Julio Rodriguez. But board member David Hamamoto said in a press release that as the company plans to start limited production of its …

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How AMC and GameStop became Reddit faves

BlackBerry. AMC. Nokia. GameStop. This quartet, along with others such as insurance startup Clover Health, mobile shopping app developer ContextLogic and fast food chain Wendy’s, have become darlings of the Reddit crowd. So why do some stocks go from being unloved on Wall Street to diehard favorites of the Reddit …

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Tesla desperately needs a COO or No. 2 for Elon Musk

With all that in mind, some analysts and fund managers are hoping Musk will finally hire a chief operating officer. Or, at a bare minimum, they want him to announce a Tesla succession plan. They have a point. It makes no sense for Tesla to be essentially a one-man show …

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