The meteoric rise of Tesla(NASDAQ:TSLA) over the past year fuelled a wave of investor interest in EV stocks.
The EV sector is full of newcomers hoping to deliver the same success Tesla achieved. Some will grow to become very successful companies; others will fail and disappoint investors.
Betting on start-ups can result in huge gains if you get the timing right and choose the eventual winners. Unfortunately, nobody knows which stocks will be the next Tesla. In fact, Tesla CEO Elon Musk even said last December his company was about a month from filing for bankruptcy during a tough period between 2017 and 2019. Today, Tesla has a market capitalization of roughly US$775 billion.
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Xos Trucks (NGAC) and Lion Electric (NGA) Are Both Set To Go Public by Merging With a SPAC – Which One Is Better? Feb 10, 2021 06:35 EST
Xos Trucks, a manufacturer of electric trucks for the commercial sector, is the latest entrant in a long line of EV companies opting to go public by merging with a Special Purpose Acquisition Company (SPAC). However, as the EV sphere grows more crowded, investors are invariably looking to cut through this plethora of choices in order to pick portfolio winners. To this end, we will try to compare the prospects of Xos Trucks with those of Lion Electric – another company that produces similar products.
It was another busy week for the SPAC market with numerous deal announcements and rumored deals. The market brought down the valuation of many SPACs late in the week.
Here is a look back at the announced deals, rumors and some top headlines that were coverd on Benzinga s SPACs Attack. Read More.
Here are several SPACs that could benefit from a President Joe Biden administration.
Charging Infrastructure: Biden has called for more than 500,000 charging stations across the U.S. This could help a company like
Switchback Energy Acquisition Corp (NYSE:SBE) to bring ChargePoint public.
TPG Pace Beneficial Finance Corp (NYSE:TPGY) is bringing EVBox, a European charging company, public in a SPAC deal. The company is planning to expand into the U.S. and could quickly build out its network among the growing need for charging stations.
Nuvve has vehicle to grid technology, which could help boost the efforts of charging infrastructure supporting the power grids. Nuvve is going public with