• Elon Musk To Bring Tesla Cybertruck On Cross-Country Drive

    Elon Musk To Bring Tesla Cybertruck On Cross-Country DriveTesla Inc's (NASDAQ: TSLA) Cybertruck was recently on display at the Petersen Automotive Museum in Los Angeles, California. Anyone that wanted to see the Cybertruck up close in person could purchase tickets to the museum. The tickets sold out shortly after the event was scheduled, so the event was extended to allow more people to see the truck.This is reminiscent of the early days of Model 3 events, where lines would wrap around buildings for people to get five minutes to sit in the car.> Sure, we will aim to do a cross-country drive with Cybertruck later this year> > — Elon Musk (@elonmusk) July 3, 2020The lowest cost version of the Cybertruck is currently listed for $39,900 and gets 250+ miles of range and a towing capacity of 7,500+ pounds. The most expensive version, with the Full Self Driving software package included, will be $69,900, with 500+ miles of range and a towing capacity of 14,000+ pounds. Production is expected to start in late 2021.Some estimates put the number of reservations over 650,000.Benzinga's Take: The Cybertruck is a radical departure from what is known as a truck today. It does not seem like it will draw traditional truck buyers, but the specs for the price are impressive. The low maintenance, extremely low cost of operation, and extreme torque could be enough to draw some traditional truck buyers.But like the Model 3 did before it, this vehicle will draw an entirely new crowd to purchase it. And with a low cost of production, Tesla could have a hit on its hands in terms of profit per vehicle sold. Bringing the truck across the U.S. to show off could help bring in even more reservations.Related Links:Elon Musk Talks About The Tesla Cybertruck Smash-Up: 'I Was Not Expecting That'Jay Leno Takes Elon Musk For A Drive In A Tesla CybertruckPhoto courtesy of Tesla.See more from Benzinga * Elon Musk Talks New Full Self-Driving Features, Autopilot Rewrite * Tesla Delivers 90K Vehicles In Q2, Trouncing Street Expectations * Musk To Tesla Employees: 'Just Amazing How Well You Execute'(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

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  • Total ETF inflows YTD are over $200B: ETF Trends

    Total ETF inflows YTD are over $200B: ETF TrendsETF Trends Director of Research Dave Nadig joins Yahoo Finance’s Sibile Marcellus to break down the ETFs to watch in the second half of 2020.

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  • Fuel Cell Stock Rallies to 17-Year High After China Order

    Fuel Cell Stock Rallies to 17-Year High After China Order(Bloomberg) — Shares of Ballard Power Systems Inc. rallied to a 17-year high after the company announced a $7.7 million order from China.The Vancouver-based hydrogen fuel-cell maker jumped as much as 8.3% to its highest since December 2002 after the receiving a purchase contract from Guangdong Synergy Ballard Hydrogen Power Co., a 10%-owned joint venture located in China.The company’s technology currently powers over 650 electric buses and more than 2,200 electric trucks in China, according to Alfred Wong, managing director at Ballard.“This follow-on order from the Synergy-Ballard joint venture is an important indicator of the continued progress and market demand for Ballard fuel cell technology,” Wong said in a statement Thursday. “We expect to see high adoption of fuel cell electric vehicles in China.”Ballard is the second-best performing stock on Canada’s benchmark S&P/TSX Composite Index this year with a 165% rally, pushing its market value to almost C$6 billion ($4.4 billion) amid burgeoning speculation that wide-scale adoption of hydrogen fuel cells may at long last be around the corner.“We believe Ballard fuel cell technology will offer a compelling value proposition, including high reliability and durability,” Wong said in the company statement.(Updates to add value of contract in first paragraph.)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

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  • Amarin Corporation plc (NASDAQ:AMRN): Is Breakeven Near?

    Amarin Corporation plc (NASDAQ:AMRN): Is Breakeven Near?Amarin Corporation plc's (NASDAQ:AMRN): Amarin Corporation plc, a pharmaceutical company, develops and commercializes…

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  • It’s going to be ‘an uphill battle’ to keep the economic expansion going and recover lost jobs: Economist

    It's going to be 'an uphill battle' to keep the economic expansion going and recover lost jobs: EconomistDiane Swonk, Grant Thornton’s Chief Economist, joined The Final Round to discuss the June jobs report and gave her outlook for the US economy amid reopenings.

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  • Wedbush raises Tesla bull case to $2,000/share

    Wedbush raises Tesla bull case to $2,000/shareYahoo Finance’s Brian Sozzi and Alexis Christoforous discuss with Wedbush’s Tesla upgrade with analyst Dan Ives.

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  • What Is The Ownership Structure Like For Agenus Inc. (NASDAQ:AGEN)?

    What Is The Ownership Structure Like For Agenus Inc. (NASDAQ:AGEN)?Every investor in Agenus Inc. (NASDAQ:AGEN) should be aware of the most powerful shareholder groups. Institutions will…

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  • Tesla’s Overexcited Fans Should Cool Down a Little

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  • Tesla could hit $2,000 in best-case scenario, says analyst

    Tesla could hit $2,000 in best-case scenario, says analystOn Thursday, Wedbush analyst Dan Ives raised his bull case price target for shares of Tesla to $2,000 from $1,500. While his base case was lifted from $1,000 to $1,250 (a street high), he maintains a neutral rating on the stock. The Final Round panel discusses the bullish call, and the road ahead for the electric automaker.

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  • PG&E Shares Jump After Emerging From Bankruptcy

    PG&E Shares Jump After Emerging From BankruptcyPG&E; shares rallied on their first day of trading after emerging from Chapter 11 Bankruptcy.

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