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☆ NBA Finals: Miami Heat come alive in fourth quarter to edge past Denver Nuggets and tie series
▼ + stars: | 2023-06-05 | by ( Thomas Schlachter | ) edition.cnn.com time to read: +3 min

CNN —The Miami Heat leveled the NBA Finals with a crucial road win against the Denver Nuggets on Sunday. 8 seed in NBA postseason history. Mark J. Terrill/APDespite the Heat’s comeback victory in Game 2, Nuggets star Nikola Jokić delivered another vintage performance – something to be expected nowadays. This is NBA Finals, we are talking about effort; that’s a huge concern of mine,” he said. This is the NBA Finals.

Persons: Erik Spoelstra’s, ”, Spoelstra, Gabe Vincent, “, he’s, He’s, ” Spoelstra, Vincent, we’re, ” Gabe Vincent, Mark J, Terrill, Nikola Jokić, Jokić, Michael Malone, Nikola, ” Malone, Matthew Stockman, Malone Organizations: CNN, Miami Heat, NBA, Denver Nuggets, Nuggets, Ball Arena, Denver, Heat Locations: Miami, Denver, Serbian

☆ Gabe Vincent helps Heat beat Nuggets, level Finals at 1-1
▼ + stars: | 2023-06-05 | by ( ) www.reuters.com time to read: +3 min

[1/5] Jun 4, 2023; Denver, CO, USA; Miami Heat guard Gabe Vincent (2) controls the ball against Denver Nuggets forward Michael Porter Jr. (1) in the first half in game two of the 2023 NBA Finals at Ball Arena. Gabe Vincent made 8 of 12 shot attempts from the floor -- including 4 of 6 from 3-point range -- as the Heat outscored the Nuggets by a 36-25 margin in the fourth quarter. I mean, this is the NBA Finals and we're talking about effort. This is the NBA Finals. Kyle Lowry's 3-pointer trimmed the Nuggets' lead to 77-75 with 2:08 left in the third quarter before Jokic scored the final six points of the period.

Persons: Gabe Vincent, Michael Porter Jr, Isaiah J, Downing, Nikola Jokic, Vincent, Bam Adebayo, Jimmy Butler, Erik Spoelstra, Denver's Jamal Murray, Aaron Gordon, Bruce Brown, Jokic, Michael Malone, he's, Malone, Duncan Robinson, Butler, Murray, Gordon, Adebayo, Murray misfired, Kyle Lowry's, Max Strus Organizations: Miami Heat, Denver Nuggets, Ball, USA, NBA, Heat, Nuggets, Denver, Miami, Thomson Locations: Denver, USA, Beach, Miami

☆ Nikola Jokic, an Elusive Superstar, Has a Hold on Denver
▼ + stars: | 2023-06-03 | by ( Sopan Deb | ) www.nytimes.com time to read: +1 min

About two miles from downtown Denver, the yellows, oranges and reds of a spray-painted mural fill the cracked, gray cement wall of a building that houses a temporary employment agency. The mural rises about 20 feet and depicts an expressionless Nikola Jokic next to a much more emotive Jamal Murray, his eyes narrowed and arms extended as though he is wielding a bow and arrow. Thomas Evans, a 38-year-old artist, finished the mural of the two Denver Nuggets stars recently as the team prepared to begin the N.B.A. He said the mural inspired him and some collaborators to write the song as a tribute to Jokic. James is the biggest star in the N.B.A., with four championship rings, piles of endorsement deals and a constant presence on social media and television.

Persons: Nikola Jokic, Jamal Murray, Thomas Evans, Damien Lucero, Lucero, Dame, Dame D.O.L.L.A, Damian Lillard, ”, —, LeBron James, James Organizations: Denver Nuggets, Miami Heat, Portland Trail Blazers, Los Angeles Lakers, Nuggets, Western Conference Locations: Denver, Portland, Jokic

☆ The Nuggets Said They Weren’t Favorites—Then Proved They Are in Game 1 of the NBA Finals
▼ + stars: | 2023-06-02 | by ( Robert O Connell | ) www.wsj.com time to read: 1 min

Leading up to the NBA Finals, Nikola Jokic disputed the obvious. Were his Denver Nuggets, a No. 1 seed who had won 53 games during the regular season and swept the Los Angeles Lakers in the Western Conference Finals, favored over a Miami Heat team that had won just 44 games, earned a No. 8 seed and survived a seven-game conference-final tilt against the Boston Celtics?

Persons: Nikola Jokic Organizations: NBA, Denver Nuggets, Los Angeles Lakers, Western, Miami Heat, Boston Celtics

☆ Nikola Jokic, Nuggets cruise to Game 1 win over Heat
▼ + stars: | 2023-06-02 | by ( ) www.reuters.com time to read: +4 min

"Right now, the most important thing is to win a game, and I'm trying to win a game in any possible way," Jokic said on the ABC broadcast. The Nuggets were sharp, even after a nine-day wait between their conference-final sweep and the start of the NBA Finals. "I reminded our group, if they didn't know, that Miami went into Milwaukee (in the first round) and won Game 1," Nuggets head coach Michael Malone said. "They went into the Garden in New York City (in the second round) and won Game 1. "They were in a pretty good rhythm, especially in that first half," Heat coach Erik Spoelstra said of the Nuggets.

Persons: Nikola Jokic, Bam Adebayo, Isaiah J, Downing, Jamal Murray, Michael Porter Jr, Aaron Gordon, Jokic, Jimmy Butler, Michael Malone, Gabe Vincent, Haywood Highsmith, Erik Spoelstra, Murray, Bruce Brown, Butler Organizations: Denver Nuggets, Miami Heat, Ball, USA, Nuggets, ABC, NBA, Denver, Eastern Conference, Miami, Eastern, The Nuggets, Heat, Thomson Locations: Denver, USA, Milwaukee, New York City, Boston, Jokic

☆ Electric truck maker Nikola may do reverse stock split to comply with Nasdaq rules
▼ + stars: | 2023-06-01 | by ( Abhirup Roy | ) www.reuters.com time to read: +2 min

SAN FRANCISCO (Reuters) -Electric truck maker Nikola Corp may execute a reverse stock split if its stock does not comply with Nasdaq’s minimum bid price requirements within a certain period, its chief executive Michael Lohscheller said on Thursday. Nasdaq requires shares trade above $1 and sends a notice if one trades below that mark for 30 consecutive business days. If Nikola cannot comply in those periods, the company can execute the reverse stock split, subject to a shareholder vote, to move its shares above the $1 mark, Lohscheller said. A reverse stock split consolidates the number of existing shares into fewer shares. Cash burn in the first quarter was $240 million, compared with $200 million per quarter in 2022, Nikola said last month.

Persons: Nikola, Michael Lohscheller, Massimo Pinca Nikola, Lohscheller, ”, Cash, ” Nikola Organizations: FRANCISCO, Reuters, U.S, Nikola, REUTERS, Nasdaq, Companies, ” Investors Locations: Turin, Italy

How to watch the NBA Finals in the USYou can watch the NBA Finals on ABC via broadcast TV, cable, satellite, or any live TV streaming service that carries the network. 2023 NBA Finals scheduleGame Date and time Channel Game 1, Miami Heat at Denver Nuggets June 1, 8:30 p.m. ET ABC, ESPN3 Game 5, Miami Heat at Denver Nuggets (if necessary) June 12, 8:30 p.m. ET ABC, ESPN3 Game 6, Denver Nuggets at Miami Heat (if necessary) June 15, 8:30 p.m. ET ABC, ESPN3 Game 7, Miami Heat at Denver Nuggets (if necessary) June 18, 8 p.m.

Persons: Larry O'Brien, we've, Mike Breen, Jeff Van Gundy, Mark Jackson, Lisa Salters, Nikola Jokic, there's, ExpressVPN Organizations: Denver Nuggets, Miami Heat, NBA, ABC, ESPN3, ESPN, Sling, Western Conference, Milwaukee Bucks, Boston Celtics, Hulu, YouTube

☆ In the N.B.A. Playoffs, Flopping Is a Welcome Sideshow
▼ + stars: | 2023-06-01 | by ( Kurt Streeter | ) www.nytimes.com time to read: +1 min

playoffs, LeBron James got in on the act. The upstarts, upsets and dominance. The Miami Heat putting the kibosh on the comeback of comebacks in the Eastern Conference finals. Welcome to the National Basketball Floppers Association. In the 1970s, Red Auerbach, the Boston Celtics’s fabled and curmudgeonly leader, railed on national television against the “Hollywood acting” that was sullying the game.

Persons: LeBron James, Stephen Curry, Joel Embiid, Kyle Lowry, Nikola Jokic, Malik Monk, Flopping, Red Auerbach Organizations: Miami Heat, Eastern Conference, Sacramento Kings, National Basketball Floppers Association, Boston, Hollywood

☆ 2023 NBA Finals: How to watch the Denver Nuggets and the Miami Heat compete for the Larry O’Brien trophy
▼ + stars: | 2023-06-01 | by ( Ben Morse | ) edition.cnn.com time to read: +7 min

There’s Nikola Jokić of the Denver Nuggets – the hulking Serbian center who has battled underappreciation and misinterpretation to become one of the league’s greats and a two-time Most Valuable Player. It’s the performances of Jokić and Butler which help to explain why the NBA Finals are being contested by Denver Nuggets and the Miami Heat as the 2022/23 NBA season concludes. Jokić shoots the ball during Game 4 of the Western Conference Finals. Jokić admitted that the celebrations were short-lived after the Western Conference Finals sweep of the Lakers as Denver’s goal is lifting the title. Jokić leaves the floor after the Nuggets beat the Lakers in the Western Conference Finals.

Persons: There’s Nikola Jokić, underappreciation, Jimmy Butler –, Jokić, Butler, Erik Spoelstra, Denver’s Michael Malone, Larry O’Brien, Butler –, LeBron James, Anthony Davis, Kevin Durant, Devin Booker, Adam Pantozzi, Jamal Murray’s, Aaron Gordon, Kentavious Caldwell, Pope –, “ I’m, ” Jokić, AAron Ontiveroz, – Miami, Al Horford, David Butler II, – Butler, ”, “, Pat, Riley, Spoelstra, Nathaniel S, you’ve, I’ve Organizations: CNN, Denver Nuggets, NBA, Miami Heat, Los Angeles Lakers, Western, Nuggets, Boston Celtics, Ball Arena, Games, ABC, Western Conference, Denver, Lakers, Denver Post, Atlanta Hawks, Chicago Bulls, Milwaukee Bucks, Bucks, New York Knicks, Celtics, Eastern, USA, Sports, Reuters, Heat Locations: Serbian, Denver , Colorado, Miami, Denver, Milwaukee Bucks . Miami

☆ He’s the Best Player in the NBA. He’s Also the Bloodiest.
▼ + stars: | 2023-05-31 | by ( Robert O Connell | ) www.wsj.com time to read: 1 min

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/sports/basketball/nikola-jokic-nuggets-nba-finals-bf5901ba

Persons: Dow Jones, nikola

☆ Nuggets stand between Heat, history in NBA Finals
▼ + stars: | 2023-05-31 | by ( ) www.reuters.com time to read: +2 min

[1/2] May 27, 2023; Miami, Florida, USA; Miami Heat forward Jimmy Butler (22) looks to the score board in the second quarter during game six of the Eastern Conference Finals for the 2023 NBA playoffs at Kaseya Center. Mandatory Credit: Rich Storry-USA TODAY SportsMay 31 (Reuters) - The Miami Heat have the chance to make history when the NBA Finals kick off on Thursday, facing a well-rested Denver Nuggets squad that is uninterested in letting the Heat's Cinderella story go any further. "We don't play just to win the Eastern Conference, we play to win the whole thing." "You get to the NBA Finals, it's not about seeding anymore. The NBA Finals kick off on Thursday at 8:30 p.m.

Persons: Jimmy Butler, Rich Storry, Larry O'Brien, Tyler Herro, Mark Jackson, Nikola Jokic's, oddsmakers, Michael Malone, Malone, it's, Amy Tennery, Chris Reese Organizations: Miami Heat, Eastern, Kaseya Center, NBA, Denver Nuggets, Milwaukee Bucks, New York Knicks, Boston Celtics, Eastern Conference, ABC NBA, Nikola Jokic's Nuggets, Los Angeles Lakers, Nuggets, Milwaukee, Ball, Thomson Locations: Miami , Florida, USA, Miami, New York

☆ Where Is the Pass Going?
▼ + stars: | 2023-05-31 | by ( Sean Catangui | Kris Rhim | ) www.nytimes.com time to read: 1 min

Where Is the Pass Going? Few aspects of basketball capture the joy of the game like great passes. The most exciting ones require communication, improvisation and a little luck. finals will feature one of the sport’s best at getting the ball to his teammates: Denver’s Nikola Jokic. Try to guess who catches these passes.

Persons: Denver’s Nikola Jokic

☆ EV startups conserve cash as make-or-break moment approaches. Here's where everyone stands
▼ + stars: | 2023-05-24 | by ( John Rosevear | In Jrosevear | ) www.cnbc.com time to read: +14 min

As legacy automakers increasingly ramp production of all-electric vehicles, cushioned by the profits of gas-powered models, a handful of EV startups are scrambling to conserve cash and stay in the mix. It also means the amount of cash Fisker had left as of the end of March, $652.5 million, isn't yet cause for alarm. Still, Fisker cut its production guidance for 2023 to between 32,000 vehicles and 36,000 vehicles, from 42,400 in its original plan. Or as Evercore ISI analyst Doug Dutton wrote before Fisker's earnings report, "Fisker is beginning to turn into a story of binary and 'show me' outcomes." It had $108.1 million remaining as of the end of March, but it lost $171.1 million in the first quarter .

Persons: Tesla, Rivian, Claire McDonough, Rivian's, It's, McDonough, Deutsche Bank's Emmanuel Rosner, Rosner, Sherry House, Peter Rawlinson, Bank of America's John Murphy, Murphy, Aston Martin, Henrik Fisker, Fisker, Doug Dutton, Dutton, Nikola Nikola, Trevor Milton, Nikola, Voltera, TD Cowen, Jeffrey Osborne, Osborne, Polestar Polestar, it's, Johan Malmqvist isn't, aren't, Deutsche Bank's Rosner, Lordstown, Foxconn, Foxconn doesn't Organizations: EV, Amazon, Deutsche, Lucid's, Bank of America's, BMW, Global, Magna International, Nikola, Iveco, Volvo Cars, Geely, Lordstown, Nasdaq, General Motors Locations: Georgia, Magna, Austria, U.S, Europe, North America, Nikola's, Swedish, China, Ohio, Lordstown

☆ Nikola Jokic Has Mastered the Art of Slowness
▼ + stars: | 2023-05-22 | by ( Kurt Streeter | ) www.nytimes.com time to read: +1 min

It is the speed with which he plays, or, rather, the lack of it, that sets him apart in the fast-twitch N.B.A. Jokic, the two-time league most valuable player, could write an instructional book about the game he has come to master: Basketball and the Fine Art of Slowness. He moves where he wants, when he wants, while every other player is slicing around the court in a frenzy. It brought to mind something Jeff Van Gundy, the former N.B.A. Jokic is the epitome of the John Wooden quote, ‘Be quick, don’t hurry.’”“He’s an absolute marvel,” Van Gundy added.

☆ Lakers vs Nuggets Game 2: LeBron James proves he is human after missing an easy dunk in LA loss to Denver
▼ + stars: | 2023-05-19 | by ( Thomas Schlachter | ) edition.cnn.com time to read: +2 min

CNN —LeBron James proved he is human after all as the Los Angeles Lakers fell to a 108-103 Game 2 playoff loss against the Denver Nuggets. With the Lakers up by eight points early in the second, James had a clear run to the basket after being found by Rui Hachimura in transition. Jack Dempsey/APLeBron blowing the easy dunk was just one of the many uncharacteristic errors made by the 19-time All-Star in the Game 2 loss. After the game, James reflected on the 0-2 hole the Lakers find themselves in and said that it wasn’t the end of the world. To go with four steals, five assists and 10 rebounds, Murray scored an incredible 37 points in the huge win.

☆ Vietnam EV maker VinFast to list in U.S. via a SPAC
▼ + stars: | 2023-05-12 | by ( ) www.cnbc.com time to read: +2 min

Vietnamese electric automaker VinFast said on Friday it will list in the United States via a merger with special purpose acquisition company (SPAC) Black Spade Acquisition Co . The company has said it has almost 55,000 orders globally and is able to churn out 300,000 EVs per year. Black Spade Acquisition is a Hong Kong-based SPAC which listed on the NYSE in July 2021 with a plan to merge, within two years, with a company ideally in the entertainment business, according to its website. It was founded by Black Spade Capital Limited, the private investment arm of Lawrence Ho, the head of Melco Resorts & Entertainment Ltd, which operates casinos in Macau and the Philippines, according to the company's website and Refinitiv. "The partnership with Black Spade and listing of VinFast in the U.S. represents the perfect capital raising avenue for our future global ambitions," Thuy Le, VinFast's global chief executive, said.

☆ EV maker Rivian takes bold bet with higher-priced vehicles amid heating competition
▼ + stars: | 2023-05-11 | by ( Abhirup Roy | ) www.reuters.com time to read: +4 min

"We see demand from customers for what we're building" Rivian CEO R.J. Scaringe told Reuters on Wednesday. Rivian is confident of maintaining prices in the face of growing competition, he said, adding that extra-large batteries, better performance and premium features would distinguish the company from rivals. Any immediate impact on Rivian's demand will be difficult to gauge as the company, along with rival Lucid, stopped disclosing current orders in a move that has concerned analysts. "You'll absolutely see prices come down when they're able to have more economies of scale and when there's more competition. Reporting by Abhirup Roy in San Francisco; Editing by Peter Henderson and Jamie FreedOur Standards: The Thomson Reuters Trust Principles.

The company looked set to add nearly $800 million to its market valuation, based on premarket stock prices, after it reiterated its annual production forecast and beat quarterly revenue estimates. Davidson, who was among the 10 analysts that lowered their price target on a stock that has declined 25% this year. Reuters GraphicsNonetheless, the company is expected to benefit from a pullback in commodity prices and easing supply chain issues. "As sagging EV commodity prices, technology improvements, and supply chain loosening positively impact operations, we see a logical path to positive gross margins next year," Canaccord Genuity analysts said. Reporting by Akash Sriram in Bengaluru; Editing by Saumyadeb ChakrabartyOur Standards: The Thomson Reuters Trust Principles.

☆ Nikola Jokić makes history with triple-double to lead Denver Nuggets to big Game 5 win leaving Phoenix Suns on the ropes
▼ + stars: | 2023-05-10 | by ( Ben Morse | ) edition.cnn.com time to read: +3 min

CNN —Nikola Jokić made history with a triple-double on Tuesday night to lead the Denver Nuggets to a comfortable 118-102 Game 5 win in their Western Conference playoff series against the Phoenix Suns. The Nuggets were spearheaded as usual by Jokić, who created yet more history with his excellent all-around performance. Brown provided a key thrust for Denver throughout, scoring 25 points off the bench, something Jokić was keen to praise. Devin Booker led the way for the Suns with 28 points while Durant added 26 points, 11 rebounds and seven assists. The home team has now won every game in the series so far, with Game 6 taking place in Phoenix on Thursday.

☆ Here are Wednesday's biggest analyst calls: Apple, Tesla, Walmart, Chevron, Lumentum, Rivian & more
▼ + stars: | 2023-05-10 | by ( Michael Bloom | ) www.cnbc.com time to read: +7 min

Barclays initiates 10X Genomics as overweight Barclays said in its initiation of the gene sequencing biotech company that it has margin expansion opportunities for 10X. Barclays reiterates Apple as equal weight Barclays said in its analysis of Apple TV+ that "incremental content spend could take some cash away from buybacks." Goldman Sachs reiterates Chevron as neutral Goldman said it's waiting for an "upstream inflection" before getting positive on Chevron shares. Bank of America reiterates Virgin Galactic as underperform Bank of America said it still sees too much uncertainty for the spaceflight company. Bank of America reiterates Rivian as buy Bank of America saidit's standing by shares of the electric vehicle company after its earnings report on Tuesday.

Shares of SUV maker Fisker and truck maker Nikola Corp (NKLA.O), which reported early on Tuesday, fell 7% and 13%, respectively. Shares of Lucid, which makes luxury sedans, dropped 6% on Tuesday after its results late on Monday. Fisker lowered its annual production target to between 32,000 and 36,000 vehicles from its earlier target of 42,400 cars, blaming supply-chain issues and an "updated timing" for roadworthiness certification. The company, which started production of its Ocean SUV just in November and has $652.5 million in cash, also posted a larger-than-expected loss. For Nikola, cash burn came in at $240 million as it produced 63 vehicles.

☆ Nikola to pause truck production after posting bigger quarterly loss
▼ + stars: | 2023-05-09 | by ( ) www.reuters.com time to read: +1 min

May 9 (Reuters) - Nikola Corp (NKLA.O) on Tuesday reported a bigger quarterly loss and said it would pause production to streamline the assembly line at its Coolidge, Arizona factory amid sluggish demand for its battery-powered trucks. "At the end of May, we plan to pause truck production as we convert the line to accommodate both hydrogen fuel cell and battery electric trucks on the same line and will resume production in July with the first saleable hydrogen fuel cell trucks," Nikola said. Earlier in the day, Fisker Inc (FSR.N) cut its full-year production target as the electric-vehicle startup seeks to keep a leash on expenses and reported a smaller first-quarter loss. Nikola's net loss widened to $169.09 million in the quarter, from $152.94 million a year earlier. Reporting by Tanya Jain and Tiyashi Datta in Bengaluru; Editing by Sriraj KalluvilaOur Standards: The Thomson Reuters Trust Principles.

☆ Iveco to fully own venture with Nikola on electric, hydrogen trucks
▼ + stars: | 2023-05-09 | by ( ) www.reuters.com time to read: +3 min

Despite Nikola's problems, battery electric trucks developed by the venture based in Ulm, Germany are already circulating in the U.S., while orders are being collected in Europe. Fuel cell hydrogen trucks are expected to hit the road next year. As part of the agreement, Iveco will focus on Europe for the further development and commercialisation of its own battery electric (BEV) and fuel cell (FCEV) electric trucks, while Nikola will concentrate its operations in North America, the two groups said in a joint statement. Iveco's overall investment, through available liquidity, will be partly in cash, for $35 million, and partly in shares, with the purchase of 20 million Nikola shares. Iveco will retain a "meaningful" amount of Nikola shares, they said.

☆ Iveco takes full ownership of JV with Nikola on electric, hybrid trucks
▼ + stars: | 2023-05-09 | by ( ) www.reuters.com time to read: +2 min

MILAN, May 9 (Reuters) - Italy's Iveco Group (IVG.MI) has agreed to buy the full ownership of its joint venture with U.S. start-up Nikola (NKLA.O) developing battery electric and fuel cell heavy-duty trucks for 44 million euros ($48 million), it said on Tuesday. Battery electric (BEV) trucks developed by the JV are already circulating in the U.S., while orders are being collected in Europe. Fuel cell hydrogen hybrid (FCEV) trucks are expected to hit the road next year. As part of the agreement announced on Tuesday, Iveco will focus on Europe for the further development and commercialisation of its own battery electric and fuel cell electric trucks, while Nikola will concentrate its operations in North America, the two groups said in a joint statement. Iveco's overall investment, through available liquidity, will be partly in cash, for $35 million, and partly in shares, with the purchase of 20 million Nikola shares.

☆ Nikola exits European joint venture to focus on hydrogen trucks in North America
▼ + stars: | 2023-05-09 | by ( John Rosevear | In Jrosevear | ) www.cnbc.com time to read: +2 min

Electric heavy truck maker Nikola said that it's "refocusing the company on North America" as it exited a European joint venture with its chassis supplier. Adjusted loss per share: 26 cents, versus 26 cents expected. 26 cents, versus 26 cents expected. Revenue: $11.1 million, versus $12.5 million expected. While it expects the fuel-cell truck to become its primary product, it will continue to build battery-electric trucks to order after production of the fuel-cell truck begins, it said.

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