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Five used car stocks to consider amid a red-hot auto market
June 29, 2021 12:38 PM PDT| By Team Kalkine MediaSummary Group 1 Automotive (NYSE: GPI) stock rose 134% in the past year with revenue and net income growth. Carvana Co. (NYSE: CVNA) retail sales jumped 76.4% in the March quarter. The stock raked in 154% growth in the past year. Lithia & .....
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ELMS stock: EV maker Electric Last Mile pops on NASDAQ after SPAC merger
June 28, 2021 07:19 AM PDT| By Kiran MuraliSummary The commercial electric vehicle maker is trading now on NASDAQ under the ticker “ELMS.” Electric Last Mile completed its merger with special purpose acquisition company Forum Merger I.....
DiDi Global NYSE IPO: Here’s all you need to know
June 25, 2021 02:27 PM PDT| By Team Kalkine MediaSummary The Chinese ride-hailing giant plans to raise up to US$4 billion by selling 288 million ADSs. DiDi operates in 16 countries and has over 493 million annual active users on its platform. The Beijing-based company reported revenue of US$.....
Why is Rivian Automotive Inc on investors’ radar?
June 18, 2021 11:15 AM PDT| By Team Kalkine MediaSummary Rivian has raised around US$8 billion since 2019. Last year, it raised US$700 million from Amazon. Ford Co invested US$500 million in April this year. Rivian has been in talks with Goldman Sachs, JP Morgan Chase and Co., and Morgan Sta.....
10 hot EV stocks to explore this summer
June 15, 2021 11:43 AM PDT| By Team Kalkine MediaSummary Tesla In.’s expenditure on research and development increased by 106% YoY to US$666 million in the quarter ended March 31, 2021. In Q1 of 2021, NIO delivered 20,060 vehicles, against 3,838 in the same quarter of 2020. ChargePoint.....
Will EV market recover?
June 14, 2021 05:21 PM PDT| By Team Kalkine MediaElectric vehicle is the buzzword these days as almost all companies, big or small, are tapping into the EV market and helping support the global efforts to reduce carbon buildup. As the world is shifting towards creating a pollution-free circular ec...
Lordstown Motors stock tanks as CEO, CFO step down
June 14, 2021 04:53 PM PDT| By Team Kalkine MediaSummary CEO Steve Burns and CFO Julio Rodriguez have stepped down. A probe found some issues related to pre-orders. Lordstown has flagged concerns in continuing business as a going concern. Lordstown Motors Corp. (NASDAQ: RIDE) stock plun.....
Which Are The Top 10 Automakers Listed In US?
June 08, 2021 01:17 PM PDT| By Kiran MuraliAutomakers around the world saw their sales dip immediately after the coronavirus outbreak. However, the sales are now gradually recovering, and the companies remain optimistic in their numbers this year despite supply chain bottlenecks and semicondu...
Nikola, Workhorse, & Fisker: 3 Hot Auto Stocks To explore
June 08, 2021 11:38 AM PDT| By Team Kalkine MediaSummary Nikola builds battery- and hydrogen-powered commercial and off-road sports vehicles. Workhorse stock gained 276% over the last year; it also specializes in EVs and offers solutions for various cloud-based monitoring systems. Fisker par.....
Ford Among Most Active Stocks After EV Investment Boost
June 07, 2021 09:59 AM PDT| By Team Kalkine MediaThe shares of American auto giant Ford Motor Company (F) have been among the most active stocks in the stock market these days. Its 10-day, 30-day, and 50-day average trading volume had been about 157 million, 97 million, and 79 million, respectiv.....
General Motors Lifts H1 Outlook, Ford’s May Sales Up 4%
June 03, 2021 06:03 PM PDT| By Kiran MuraliSummary GM expects first-half results to be significantly better than its previous estimate. Ford, which saw record electric vehicle sales in May, plans to unveil a new pickup. Stocks of General Motors Company (NYSE: GM) gained more than 6.....
2 EV Stocks To Explore: Nio, XPeng
May 31, 2021 12:06 AM PDT| By Kiran MuraliStocks of electric vehicle (EV) makers have been on the investor’s radar for some time. The market is rapidly expanding, with major economies planning to phase out combustion engines soon. The global electric vehicle market has continued its .....
Lordstown Motors, Nikola Stock Down More Than 50% Since Listing
May 25, 2021 03:31 PM PDT| By Kiran MuraliSummary Lordstown Motors stock fell as much as 18 percent on Tuesday after the company said it would limit production of electric pickup truck Endurance. Nikola granted performance-based stock awards totaling US$566.7 million to its five execut.....
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Why Ford’s Stock Surged 7.4% On Friday?
May 21, 2021 08:16 PM PDT| By Kiran MuraliSummary Ford partnered with SK Innovation for a battery joint venture in the U.S. The will jointly produce battery cells and components for Ford EVs. Ford unveiled its news all-electric F-150 pickup truck. Ford Motor Company (NYSE: F) sto.....
Avis Budget, Hertz Stocks Plunge On Tuesday’s Trading
May 04, 2021 01:46 PM PDT| By Team Kalkine MediaSummary Car-rental company Hertz Global received a revised proposal to fund its exit from Chapter 11 bankruptcy. New Jersey-based Avis Budget reported a net loss for the first quarter of 2021. Car-rental companies Avis Budget Group, Inc. (.....
3 Growing Auto Dealer Stocks On NYSE To Explore
April 28, 2021 06:18 PM PDT| By Team Kalkine MediaSummary Shares of CarMax has grown 42 percent this year and rallied its 52 weeks high in March. AutoNation’s stock gained 46 percent year to date while its revenue rose 27 percent in the first quarter. Share of Michigan-based automotive .....
Why This Hot Stock is Worth Every Penny?
April 10, 2021 01:54 PM PDT| By Team Kalkine MediaSource: Nadezda Murmakova, Shutterstock This hot stock will continue to be a top choice among investors in the near future. Given its enviable market lead and a string of ambitious projects on its sleeves, this stock is destined to lead from th...
Toyota, Honda, Samsung To Halt US Production As Supplies Dwindle
March 17, 2021 07:18 PM PDT| By Team Kalkine MediaSource: Scharfsinn, Shutterstock Summary Most firms were reportedly relying on old stocks to maintain their limited production levels. Toyota, Honda, Samsung face severe shortage of components which may affect business. Samsung’s T...
