Automobile Stocks

Eight hot stocks to consider in a booming EV market

 Eight hot stocks to consider in a booming EV market

Highlights 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...

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Why did Kaixin Auto (KXIN), Carvana (CVNA) stocks rally on Friday?

Why did Kaixin Auto (KXIN), Carvana (CVNA) stocks rally on Friday?

Summary 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...

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Which are the popular auto stocks to explore in August?

Which are the popular auto stocks to explore in August?

Summary 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 ...

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Earnings Alert: General Motors (GM), Honda Motor (HMC) net income soars

Earnings Alert: General Motors (GM), Honda Motor (HMC) net income soars

Summary 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 ...

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Back with a bang! Nio, Xpeng & Li stocks ride high on July delivery

Back with a bang! Nio, Xpeng & Li stocks ride high on July delivery

Summary 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...

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EV carmaker Lucid makes NASDAQ debut, stock jumps as much as 19%

EV carmaker Lucid makes NASDAQ debut, stock jumps as much as 19%

Summary 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...

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Six rising EV stocks to watch as industry navigates energy transition

Six rising EV stocks to watch as industry navigates energy transition

Summary 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...

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Why were these three Chinese auto stocks trending Wednesday?

Why were these three Chinese auto stocks trending Wednesday?

Summary 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...

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Can we buy SolarCity Stock?

Can we buy SolarCity Stock?

Tesla 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...

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Is Rimac publicly traded? How to buy the EV makers' stock?

Is Rimac publicly traded? How to buy the EV makers' stock?

Summary 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...

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XPeng Inc (XPEV) and NIO Inc (NIO): 2 trending Chinese EV stocks

XPeng Inc (XPEV) and NIO Inc (NIO): 2 trending Chinese EV stocks

Summary 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....

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