Fiat Chrysler Agrees to Binding Merger with Peugeot

The news just broke at The Wall Street Journal: Peugeot maker PSA Group and rival Fiat Chrysler Automobiles have agreed to a binding merger agreement that includes sweeteners to make the trans-Atlantic tie-up more attractive to U.S. regulators and PSA shareholders, the companies said Wednesday. The Wall Street Journal Sweeteners? The two boards voted to sign a memorandum […]

Tesla Short Seller Aaron Greenspan Starts Rumor That Elon Musk Has Cancer

As losses mount for Turing Feynman LLC, the investment arm of Tesla short-seller Aaron Greenspan’s fraudulent charity, Greenspan’s desperation has soared to new heights. The short seller, who claims he invented Facebook, is now attempting to start a rumor that Elon Musk has cancer in an attempt to influence Tesla’s soaring stock price. These illegal […]

Trump Kills EV Tax Credit Extension

David Shepardson at Reuters breaks the bad news: The U.S. Congress declined to extend a $7,500 tax credit for electric vehicles but will boost funding for aviation safety after two deadly Boeing 737 MAX crashes. Reuters So, if you don’t train pilots on your new plane and kill 300+ people you get extra funding… but […]

Tesla Bear Dan Levy Admits Huge Battery Advantage

Carmen Reinicke has an interesting story today over at Markets Insider. I’ll start with the headline: One of Tesla’s fiercest bears admits the company has an enormous leg up on competitors when it comes to battery production (TSLA) Markets Insider An enormous leg up on competitors you say? When did you realize this? Sometime between […]

Travis Kalanick is Selling His Uber Stock as Fast as Possible

Tom Metcalf has the scoop at Bloomberg: The Uber Technologies Inc. co-founder unloaded $350 million more of stock this month, bringing his proceeds to more than $2.1 billion since a share lockup ended Nov. 6. Bloomberg You read that right –– retail bagholders have now paid the Uber founder $2.1 billion in cash for his share of the world’s […]

Used EVs, Solar, and Wind: More Details on Green Tax Credits

After reporting that congress was likely to extend the tax credit for new electric vehicles, we’ve reviewed the text of one draft bill that may be in consideration. Now, it’s important to note a few things: We don’t know that this draft bill that was introduced in the house is what’s going to make it […]

EV Tax Credit Likely to Be Extended: Cap Raised from 200k to 600k for $7,000 Tax Credit

Interesting story over at MarketWatch: Tesla TSLA, -0.36%  , General Motors GM, -1.25%  and other players in the electric-vehicles sector have a role in the scramble around a possible tax package with so-called β€œtax extenders,” as they could score an expansion for a key EV credit. MarketWatch Ohhhh helllloooooo! Thanks to bipartisan, broad-based support, we believe the EV tax-credit extension is […]