By on February 12, 2021

Goldman Sachs is creating a joint venture that will help it capitalize on automotive technology firms while they’re consistently being overvalued on the New York Stock Exchange. Automotive startups have become a hot item, so long as they’re trading on the assumed merits of new technologies, and there’s no shortage of new companies being propped up by established players. The last few years have been a merry-go-round of establishment automakers and financial intuitions investing in startups on the off chance they might have something useful.

Meanwhile, burgeoning electric vehicle companies are using special purpose acquisition firms (aka blank-check companies) to maximize their advantage. Even though some have argued this is being done unfairly, there’s not much accountability in general. The iron could not be more primed for striking if you happen to be one of America’s largest banks.

(Read More…)

By on October 8, 2016

Tesla Model 3 Prototype on road, Image: Tesla Motors

The brief uptick in share price Tesla enjoyed after beating production estimates this week was swiftly erased by a newly critical Goldman Sachs Group.

The investment bank downgraded the company on Thursday, sending its stock back down the hillside, Bloomberg reports. It’s bad news for CEO Elon Musk’s fundraising plans. (Read More…)

Recent Comments

  • Mike-NB2: With almost 4000 HP can you pop a wheelie?
  • Mike-NB2: RAV4s are as common as mosquitos where I live and I can say with reasonable certainty that the usual RAV4...
  • jack4x: Percentage in a grade is the ratio of vertical height to horizontal distance (ie a 7% grade climbs 7 vertical...
  • 28-Cars-Later: Seems they’d like all gas engines to die off.
  • DenverMike: What a coincidence. The CBP just happens to be our most corrupt agency, federal, state or local....

New Car Research

Get a Free Dealer Quote

Who We Are

  • Adam Tonge
  • Bozi Tatarevic
  • Corey Lewis
  • Mark Baruth
  • Ronnie Schreiber