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Lordstown (RIDE) stock up 8% after plans to sell Ohio plant to Foxconn
September 30, 2021 03:38 PM PDT| By Sanjeeb BaruahHighlights Lordstown Motors Corp. (NASDAQ: RIDE) is set to sell its Ohio assembly plant to Taiwanese phone maker Foxconn Technology Group. Lordstown went public in 2020 through a SPAC merger with DiamondPeak Holdings. The RIDE stock gai.....
LCID stock rises on Lucid Air delivery, HYZN shares tank after charges
September 29, 2021 11:03 AM PDT| By Sanjeeb BaruahHighlights Lucid Group Inc (Nasdaq: LCID) stocks jumped 10.18% on Sep 29 after it announced the launch of a sedan car. The company will start delivery of Lucid Air sedan cars from next month. Hyzon Motors Inc. (NASDAQ: HYZN) stocks crashed a.....
Ford (F), Toyota (TM) stocks in focus after positive business update
September 28, 2021 09:50 AM PDT| By Sanjeeb BaruahHighlights Ford Motor Company (NYSE: F) and its Korean battery partner SK Innovation to invest US$11.4 billion to build a mega assembly plant and three battery factories in the US. It is the single largest manufacturing investment in Ford&rsquo.....
Why are Tesla Inc (TSLA) & Rivian Inc catching the eyes of investors?
September 27, 2021 10:03 AM PDT| By Ipsita SarkarHighlights Tesla Inc (Nasdaq: TSLA) stocks soared on Monday after the company launched a software update of its FSD beta last week. The FSD beta will enable drivers to navigate across the complex environment of cities using the new auto-steer .....
Eight hot stocks to consider in a booming EV market
August 23, 2021 04:42 PM PDT| By Team Kalkine MediaHighlights Tesla, Inc. (NASDAQ: TSLA) has a P/E ratio of 368.88. The stock closed at US$680.26 on Aug 20. NIO Inc. (NYSE: NIO) delivered 21,896 in Q2, 2021. The stock closed at US$36.92 on Aug 20, 2021. General Motors (NYSE: GM) has a P/E rati.....
Uber, Lyft stocks in focus after court strikes down California ruling
August 23, 2021 09:36 AM PDT| By Sanjeeb BaruahStocks of Uber Technologies, Inc. (NYSE: UBER) and Lyft, Inc. (NASDAQ: LYFT) were in focus on Monday after a California judge ruled that Proposition 22, a ballot measure that rejects drivers' right to be accepted as workers, is unconstitutiona.....
Six auto stocks to explore as the industry heralds a green era
August 13, 2021 12:11 PM PDT| By Team Kalkine MediaHighlights Ferrari’s (NYSE: RACE) net income in Q2, 2021, was US$205.8 million against US$8.9 million in Q2, 2020. Ford Motor Company’s (NYSE: F) total revenue in Q2 was US$26.7 billion against US$19.3 billion in Q2 the previous yea.....
Can these 5 green EV stocks be the blue chips of future?
August 11, 2021 10:16 AM PDT| By Team Kalkine MediaThe electric vehicle market has been in high spirits since President Joe Biden signed an executive order last week to boost EV sales by at least half of all new cars sold in the US by 2030. Following the order, stocks of electric vehicle makers and.....
Why did Kaixin Auto (KXIN), Carvana (CVNA) stocks rally on Friday?
August 06, 2021 12:40 PM PDT| By Team Kalkine MediaSummary Kaixin Auto popped more than 50 percent, while Carvana rose 3 percent on Friday. Chinese car dealer Kaixin will establish a new business unit for electric vehicles. Carvana swung to profit in the second quarter as revenue almost triple.....
Which are the popular auto stocks to explore in August?
August 05, 2021 01:59 PM PDT| By Kiran MuraliSummary The auto industry is recovering at a faster pace from the impact of the pandemic last year. However, the automakers are now grappling with the shortage of semiconductors. Electric vehicle maker Tesla is the largest automaker in market .....
Earnings Alert: General Motors (GM), Honda Motor (HMC) net income soars
August 04, 2021 11:45 AM PDT| By Team Kalkine MediaSummary General Motors Company (NYSE: GM) reported revenue of US$34.2 billion in Q2, 2021. The Michigan-headquartered company’s net income increased to US$2.8 billion in the period. Honda Motor Company Ltd (NYSE: HMC) net income rose to .....
Back with a bang! Nio, Xpeng & Li stocks ride high on July delivery
August 02, 2021 11:24 AM PDT| By Team Kalkine MediaSummary NIO Inc’s (NYSE: NIO) cumulative delivery of vehicles reached 125,528 as of July 31, 2021. The stock gave a 229% return in one year. XPeng Inc’s (NYSE: XPEV) P7 model got a 5-star safety rating for EVs in China. Its stock ga.....
EV carmaker Lucid makes NASDAQ debut, stock jumps as much as 19%
July 26, 2021 05:45 PM PDT| By Team Kalkine MediaSummary In 2018, Saudi Arabia's Public Investment Fund (PIF) had invested over US$1 billion in Lucid. Now, Lucid’s US listing has come as a huge dividend for the Arab company. Besides PIF, BlackRock (BLK) and some other companies also hav.....
Six rising EV stocks to watch as industry navigates energy transition
July 26, 2021 10:13 AM PDT| By Team Kalkine MediaSummary Lordstown Motors Corp (Nasdaq: RIDE) reported a net loss of US$125 million in Q1, 2021. Fisker Inc (NYSE: FSR) has a market cap of US$4.7 billion. NIO Inc.’s (NYSE: NIO) total revenue surged to US7.9 billion in Q1, 2021. Ele.....
Why were these three Chinese auto stocks trending Wednesday?
July 21, 2021 03:42 PM PDT| By Team Kalkine MediaSummary NIO Inc. (NYSE: NIO) delivered 20,060 vehicles in Q1 of FY 2021. The stock was up 6.09% on Wednesday. XPeng Inc. (NYSE: XPEV) stock was up 7.26% on Wednesday. It priced its new smart sedan-P5 price range at RMB 160,000-230,000. Li.....
Can we buy SolarCity Stock?
July 12, 2021 01:11 PM PDT| By Sanjeeb BaruahTesla Inc. CEO Elon Musk was on Monday scheduled to testify in the Chancery Court in Delaware against the allegation of wrongful acquisition of SolarCity Corporation by the company in 2016. Tesla had acquired SolarCity Corp in November 2016. Follo.....
Is Rimac publicly traded? How to buy the EV makers' stock?
July 06, 2021 11:47 AM PDT| By Team Kalkine MediaSummary Rimac Automobili started from a garage in 2009, is a Croatian EV maker startup. Rimac and Porsche AG announced on Monday to start a joint venture named Bugatti-Rimac in the last quarter of this year. Volkswagen has many brands in its p.....
XPeng Inc (XPEV) and NIO Inc (NIO): 2 trending Chinese EV stocks
July 01, 2021 04:24 PM PDT| By Kiran MuraliSummary XPeng and NIO stocks are up in the pre-market trading. XPeng posted a record second-quarter deliveries of 17,398 vehicles. NIO delivered 21,896 vehicles in the second quarter, up 111.9 percent. XPeng Inc. (NYSE: XPEV) and NIO Inc......
XPeng Inc (XPEV) and NIO Inc (NIO): 2 trending Chinese EV stocks
July 01, 2021 06:50 AM PDT| By Kiran MuraliXPeng Inc. (NYSE: XPEV) and NIO Inc. (NYSE: NIO) stocks jumped in the pre-market trading after the Chinese electric vehicle makers reported record deliveries for the second quarter and July. XPeng stock rose approximately 4.3 .....
China’s DiDi is worth US$68 billion after its Wall Street debut
June 30, 2021 05:24 PM PDT| By Team Kalkine MediaSummary The stock opened at US$16.65 against the offering price of US$14. The company was expecting a valuation of US$100 billion after the IPO. The IPO saw considerable success despite the ongoing US-China trade dispute and Washington's conce.....
