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Latest analyses

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The most important news from last week 20.6.2022

The most important news from last week 20.6.2022

NIO confirmed new plant in Europe

NIO hosted a communications event with certain consumers in Hefei, during which the business confirmed the establishment of a new European facility to manufacture battery swap stations. As previously reported by EV on April 15, the EV manufacturer began seeking for an EU Plant Manager in Hungary in April of last year. To avoid the high costs of exporting from China, the business intends to manufacture Battery Swap Stations (BSS) and Charging Piles in Europe.

Metaverse spending could reach 5 trillion dollars by 2030

According to research by consulting firm McKinsey & Co, yearly worldwide metaverse-related spending might exceed 5 trillion USD by 2030. According to the McKinsey analysis, there will be five sorts of everyday activities in the metaverse: gaming, socializing, fitness, commerce, and remote learning. Research of 3,104 customers, 79 percent have previously made a transaction in the metaverse, with 47 percent having made in-game purchases.

Lyft reached 25 million USD settlement

Lyft Inc has agreed to pay 25 million USD to settle shareholder claims that the ride-hailing firm misrepresented safety issues, including sexual assaults by drivers, before to its 2019 IPO. The preliminary all-cash settlement was filed with the federal court in Oakland, California, and is subject to approval by U.S. District Judge Haywood Gilliam Jr. However, less than two weeks after trading began on 29th of March 2019, its share price plummeted below the 72 USD IPO price and never recovered.

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Movement of Lyft since coming to the market. (Source: Trading Economics) *

Tesla will charge more for cars in US

Tesla Inc hiked pricing for all of its car models in the United States again in response to ongoing global supply-chain issues and rising raw material costs. The electric automaker raised the price of its Vehicle Y long-range model to 65,990 USD from 62,990 USD, after postponing delivery to the United States by up to a month. The 5% price increase comes because of rise of raw material costs for aluminium and lithium, which are used in automobiles and batteries.

Amazon picked its first town to receive drone deliveries

Customers in Lockeford, California, will be among the first to get drone deliveries later this year, according to Amazon Inc. This would be Amazon's first public drone delivery, following multiple trials and mission-specific initiatives from corporations such as Walmart Inc, United Parcel Service Inc, and FedEx Corp. Amazon completed its first customer delivery by drone in the United Kingdom in 2016, and it has been touting its aspirations for drone delivery for years.

Sources: Reuters, Investing, CNBC, Trading Economics

*Past performance is no guarantee of future results.

The content of this material constitutes marketing communication and should not be considered as any type of investment advice and/or investment research and/or a solicitation for any transactions. This material was prepared for informational/educational purposes only and does not imply an obligation to perform investment transactions nor does it guarantee or predict future performance. BCM Begin Capital Markets Cy Ltd and its relevant persons including affiliates, agents, directors, or employees do not guarantee the accuracy, validity, timeliness, or completeness of any information/data provided by third parties and assume no liability for any loss arising from any investment made based on the said information/data. Past performance is no guarantee of future results.

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Profile photo of Lucia ┼Ż├írska

Chief Analyst at ProfitLevel

Lucia ┼Ż├írska

Co-founder of the Mafinn website where she educated the general public about different types of investments. As she says, investing can be clear, understandable and accessible to all, you just need to be aware of how to do it. For this reason she decided to pursue her next career into financial markets. As the chief analyst of the brokerage company ProfitLevel she focuses on this topic more deeply and specifically. At the same time she continues to write professional texts about capital markets for the print and online media, also for blogs.

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