The stock’s impressive triple-digit return in 2023 has pushed its trailing twelve-month price-to-earnings ratio (PE) to 65, according to Yahoo Finance data. That’s almost three times more than the trailing PE on the S&P 500.
Electric-vehicle sales growth hit a speed bump in the U.S. this year, and the impact is being felt throughout the industry. Carmakers around the world have invested billions of dollars in EV technology, spurred on by tailpipe emissions regulations designed to boost sales of battery-powered models.
The lawsuit had sought at least $5 billion. Settlement terms were not disclosed, but the lawyers said they have agreed to a binding term sheet through mediation, and expected to present a formal settlement for court approval by Feb. 24, 2024.
📈 Market Data
2024 Halving Date ETA: April 12, 2024
🚨 Important News This Week
AI
Microsoft readies ‘next-gen’ AI-focused Surface Pro 10
Baidu says its ChatGPT rival Ernie bot now has more than 100 million users
AI is ‘really going to change the game’ for dating apps
Tech
Huawei forecasts 9% revenue growth in 2023 as smartphones surge
Apple’s massive push to make the Mac gaming-friendly
SpaceX’s Falcon Heavy Lofts Secretive US Military Spaceplane
Business
Boeing says Chinese airlines resumed operating all 737 MAXs in 2023
Mavericks’ $3.5 Billion Sale to Adelson Wins NBA Approval
China’s Ailing Clean Energy Industry Eyes Remedy in Saudi Arabia
Crypto
Celsius Network wins court approval for shift to bitcoin mining
OKX to delist privacy coins, including Monero, Zcash and Dash
Vitalik Buterin wants to ‘make Ethereum cypherpunk again’
🤣 Meme of the Week
💰 Notable Companies Secure Impressive Investments
Liquiid AI, a liquid neural networks developer, raised $37.5 million
GFO-X, a crypto derivatives exchange, raised $30 million
Rhythms, an enterprise productivity startup, raised $26 million
Cradle, an AI protein designer platform, raised $24 million
Immensa, a manufacturing and inventory management startup, raised $20 million
/cloudfront-us-east-2.images.arcpublishing.com/reuters/FLCXWNPLLJPKPCKLTGKF2MHNPA.jpg "Weekly Market Report. December 29, 2023 4")
