Automobile Stocks

Why is Arrival (ARVL) stock gaining traction today?

  • September 30, 2022 05:33 AM PDT | Rupam Roy
 Why is Arrival (ARVL) stock gaining traction today?

The stock price of Arrival (ARVL) jumped more than 19 per cent in the pre-market hours on September 30, after the company announced key updates about its first production verification vehicle.

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Tesla (TSLA) beats Q3 revenue estimates, boosted strong China sales

Tesla (TSLA) beats Q3 revenue estimates, boosted strong China sales

Highlights Tesla Inc’s (TSLA) revenue rose to US$13.76 billion in the third quarter, beating estimates. Tesla said it sold more Model 3 and Model Y cars, which are lower-priced, during the quarter. In addition, Tesla’s Shanghai fac...

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General Motors (GM), Avis Budget (CAR) stocks rise on upbeat business outlook

General Motors (GM), Avis Budget (CAR) stocks rise on upbeat business outlook

Stocks of General Motors Company (NYSE: GM) and Avis Budget Group, Inc. (NASDAQ: CAR) rose 3% and 8%, respectively, in intraday trading on Friday. The GM stock traded at US$58.16, up 3.05%, while the CAR stock traded at US$136.39, up 7.86%, at aro...

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Cheap EV stocks to explore in the fourth quarter of 2021

Cheap EV stocks to explore in the fourth quarter of 2021

Highlights Ford Motor Company’s (NYSE: F) revenue increased by 38 percent YoY in Q2, FY21. Fisker Inc’s (NYSE: FSR) revenue was US$27 thousand in Q2, FY21. Xpeng Inc. (NYSE: XPEV) delivered 25,666 vehicles in Q3, FY21. The EV ...

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Why are XPeng Inc (XPEV), NIO Inc. (NIO) stocks gaining attention today?

Why are XPeng Inc (XPEV), NIO Inc. (NIO) stocks gaining attention today?

Highlights XPeng Inc. (NYSE: XPEV) delivered 10,412 vehicles in September. NIO Inc. (NYSE: NIO) delivered 10,628 vehicles globally in September. The revenue of XPeng Inc. (NYSE: XPEV) surged 536.7% YoY in RMB3.76 billion. The stocks of XP...

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Lordstown (RIDE) stock up 8% after plans to sell Ohio plant to Foxconn

Lordstown (RIDE) stock up 8% after plans to sell Ohio plant to Foxconn

Highlights 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...

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LCID stock rises on Lucid Air delivery, HYZN shares tank after charges

LCID stock rises on Lucid Air delivery, HYZN shares tank after charges

Highlights 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...

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Ford (F), Toyota (TM) stocks in focus after positive business update

Ford (F), Toyota (TM) stocks in focus after positive business update

Highlights 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...

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Why are Tesla Inc (TSLA) & Rivian Inc catching the eyes of investors?

Why are Tesla Inc (TSLA) & Rivian Inc catching the eyes of investors?

Highlights 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 ...

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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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Uber, Lyft stocks in focus after court strikes down California ruling

Uber, Lyft stocks in focus after court strikes down California ruling

Stocks 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...

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