The trend toward electric vehicles has paved the way for new companies like Tesla while existing automakers such as Ford, Mercedes, Honda, BMW, and others have all pivoted their manufacturing processes as well to focus on EVs. However, not enough emphasis is placed on the smaller EV makers like Li Auto (LI) - a [...]
Ford Motor (F) gained 6% Wednesday before settling around 3% after delivering Q4 earnings that surpassed expectations. The company also announced it would be issuing a special dividend. The automaker grew revenue in Q4 by 4% to $46 billion, outpacing analyst expectations - but the earnings beat stole the show. Ford reported 29 cents [...]
General Motors (GM) delivered Q4 earnings this Tuesday morning. The beat sent shares 7% higher, adding to what has been a torrent pace over the past few months as GM has now gained 37% in that timeframe. The US automaker is finally starting to find its footing after the UAW strike took its toll [...]
Just a few years ago Lucid Group (LCID) was one of the most exciting stocks on the market, soaring to more than 430% above its IPO price of $10.25/share. Since then, the stock has plummeted to just $2.69/share - with no signs of slowing down anytime soon. The EV manufacturer has been compared to [...]
On Wednesday (December 27), Mullen Automotive (MULN) announced that it had delivered its latest batch of EV vehicles to Randy Marion Automotive Group (RMA). Mullen Automotive will earn $3,969,000 for the delivery. This delivery consisted of 63 Class C vehicles and was part of a larger order from earlier this year. RMA originally ordered [...]
Nio (NIO) revealed a new vehicle design yesterday that left a lasting impression, sending shares more than 11% higher at one point after the long holiday weekend. The stock has experienced a slight correction in this morning’s trading session, as it’s down more than 3% so far. The ET9 as it has been called [...]
Shares of Nio Inc. (NIO) started Monday morning on a solid note, gaining 8% in pre-market trading before settling at around a 5% gain when the market opened. This came after the electric vehicle manufacturer released a statement that it had received a $2.2 billion investment. The cash infusion came from Abu Dhabi investor [...]
Fisker Inc. (FSR) fell off a cliff after reporting third-quarter earnings after the bell Monday. Shares are down more than 21% in Tuesday morning’s session so far, and the stock has lost more than 42% of its value in the last month. The electric vehicle manufacturer posted a steep loss for the quarter of [...]
Tesla (TSLA) delivered earnings for the third quarter yesterday, sending shares more than 10% lower in a single day and reaching its lowest point in more than 2 months. The stock continued that trajectory into Friday’s trading session and is down 5% so far this morning. While revenue did climb 13% year over year [...]
Rivian Automotive (RIVN) got an upgrade Tuesday from UBS analyst Joseph Spak. He moved his position on the stock from hold to buy, and yet he lowered his price target from $26 to $24. This came after the company raised a whopping $1.5 billion on October 5 - something that caught investors and Wall [...]
