Apple and Others Are Coming for Tesla Published: Dec. 22, 2020 at 8:07 a.m. ET By
Is Apple jealous?
According to Reuters, Apple, the world’s most valuable company, is planning to make a battery-powered self-driving car. That sounds a lot like what Tesla, the world’s most valuable auto maker, does.
Apple has been toying with the idea of a car since 2014 think of it as an iPhone on wheels but a finished product hasn’t emerged. This planned version of the iCar is slated to hit the streets by 2024.
Investors might wonder why Apple wants to be a car company at all. Car companies make less money, are more cyclical, and trade at terrible valuation multiples. But that was before Tesla, which trades at more than 13 times estimated 2021 sales. Apple trades for just 6 times that number.
Peloton stock heads towards record after $420M Precor acquisition announced marketwatch.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from marketwatch.com Daily Mail and Mail on Sunday newspapers.
Stimulus Effect on Markets, Airlines That Outperform, Peloton s Brilliant Move There s also a report that the new vaccines appeared to maintain efficacy against new strain(s) of the virus.
Dec 22, 2020 | 07:11 AM EST
What that was, is hard to explain. I told my son, early on Monday morning that markets were going to get roasted today , so buckle up, kid. This particular son, in his mid-twenties, runs his own business full-time, while showing an interest and an acumen for this business that sometimes takes me by surprise though it no longer should. He said, You told me on Friday that they were going to sell Tesla (TSLA) on Monday. The market just needs to absorb that move and these headlines about the new strain of the virus. I ll check on you this afternoon. Kid s pretty smart. No excitement. No panic. Just what someone making a living doing something else should do. Decisions made for reasons. Otherwise, stay the course. He, and his kind, don t get caught up in the v
Peloton Buys Fitness-Giant Precor For $420MM In Largest Ever Acquisition zerohedge.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from zerohedge.com Daily Mail and Mail on Sunday newspapers.
Peloton Buys Precor, as More People Work Out From Home
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Precor for $420 million to gain U.S. manufacturing capabilities and new expansion opportunities.
The deal is expected to close early next year and is the largest to date for the New York-based maker of pricey bikes and treadmills.
Peloton sales have soared this year as the pandemic shut gyms and forced people to work out from home. Mergers & Acquisitions analyzes the plethora of exercise equipment M&A and private equity deals during the pandemic in our November/December cover story,
However, the company struggled to keep up with demand. That led to long wait times and frustrated customers. By making fitness equipment closer to U.S. consumers, Peloton will be able to deliver products sooner. Existing manufacturing facilities overseas will continue operating, according to the company.