Automobile Stocks

Is Rivian (RIVN) stock worth a watch as it announces job cuts?

 Is Rivian (RIVN) stock worth a watch as it announces job cuts?

Rivian has announced job cuts and the equities markets have recorded increased volatility in 2022.

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Tesla’s (TSLA) deliveries fall for first time in two years, may hit profits

Tesla’s (TSLA) deliveries fall for first time in two years, may hit profits

Tesla fails to make deliveries of its vehicles, for the first time in two years.

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TSLA to LCID: 5 EV stocks to explore in Q3 after Fed’s rate hike

TSLA to LCID: 5 EV stocks to explore in Q3 after Fed’s rate hike

Highlights: Tesla, Inc.’s (NASDAQ: TSLA) revenue rose 81% YoY in Q1, FY22. Nio Inc. (NYSE: NIO) revenue increased by 24% YoY in the first quarter of fiscal 2022. XPeng Inc. (NYSE: XPEV) revenue jumped 152% YoY in Q1, FY22. Electric ...

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EV maker Electric Last Mile Solutions files for bankruptcy

EV maker Electric Last Mile Solutions files for bankruptcy

  • June 13, 2022 01:56 AM PDT
  • Reuters

Highlights: US commercial electric vehicle maker Electric Last Mile Solutions Inc (ELMS) announced on Sunday its plans to file for Chapter 7 bankruptcy. The move comes after the company disclosed a probe by the SEC and withdrew all its previous...

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GM slashes price of its electric cars by US$6,000 to stay in the race

GM slashes price of its electric cars by US$6,000 to stay in the race

General Motors (NYSE: GM) has slashed the price of its electric vehicle models Chevrolet Bolt hatchback and Bolt EUV by about US$6000, surprising everyone. It has come when the demand is high and supplies scant, allowing dealers to charge thousands...

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Why Mullen (MULN) stock soared over 35% on Tuesday?

Why Mullen (MULN) stock soared over 35% on Tuesday?

The Mullen Automotive, Inc. (NASDAQ: MULN) stock jumped 35.64% to US$1.3106 at 10:40 am ET on Tuesday after announcing impressive test results from its polymer solid-state battery. The batteries are used in EVs, wearables devices, pacemakers, etc.&...

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Ford Motor (F) sued over misleading ads; to pay US$19.2 mn to US states

Ford Motor (F) sued over misleading ads; to pay US$19.2 mn to US states

Highlights: Ford Motor Co (NYSE: F) to pay US$19.2 million for false advertising claims. Ford Motor faces multi-state litigation over misleading claims about its vehicles. Ford is prohibited from making false advertising claims in the future. ...

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5 EV stocks to explore in Q2: TSLA, LCID, NIO, XPEV & FSR

5 EV stocks to explore in Q2: TSLA, LCID, NIO, XPEV & FSR

Highlights: Tesla, Inc.’s (NASDAQ: TSLA) revenue rose 81% YoY in Q1, FY22. Nio Inc.’s (NYSE: NIO) revenue surged over 49% YoY in Q4, FY21. XPeng Inc. (NYSE: XPEV) will release its first-quarter fiscal 2022 financial results on May ...

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Ford Motor Co (F) sells its Rivian (RIVN) shares worth US$214 mn

Ford Motor Co (F) sells its Rivian (RIVN) shares worth US$214 mn

Highlights US car giant Ford Motor Company (Nasdaq: F) sold shares of EV maker Rivian worth US$214 million. Ford is still the fourth-largest shareholder in Rivian, with 94 million shares. Rowe Price Associates Inc. is the largest shareholder i...

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Lucid Group Inc (LCID) bags 10-year Saudi contract for EVs

Lucid Group Inc (LCID) bags 10-year Saudi contract for EVs

Highlights Lucid Group Inc (Nasdaq: LCID) has bagged a 10-year contract from Saudi Arabia for electric cars. The company will set up a production plant in the country for vehicle deliveries. Lucid to set up a full production plant in Saudi Ara...

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Elon Musk’s Twitter deal sets off worst fall in Tesla (TSLA) stocks

Elon Musk’s Twitter deal sets off worst fall in Tesla (TSLA) stocks

Highlights: Tesla shares witnessed a sharp fall on Tuesday after Musk’s Twitter deal. TSLA shares fell 12% to US$876.42, its highest in more than a year. Twitter shares also tanked by 3.9% on Tuesday. Tesla Inc. (TSLA) shares slid 1...

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