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Automobile
Uber, Lyft stocks in focus after court strikes down California ruling
August 24, 2021 02:36 AM AEST| 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 14, 2021 05:11 AM AEST| 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 12, 2021 03:16 AM AEST| 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 07, 2021 05:40 AM AEST| 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 06, 2021 06:59 AM AEST| 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 05, 2021 04:45 AM AEST| 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 03, 2021 04:24 AM AEST| 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 27, 2021 10:45 AM AEST| 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 27, 2021 03:13 AM AEST| 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 22, 2021 08:42 AM AEST| 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 13, 2021 06:11 AM AEST| 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 07, 2021 04:47 AM AEST| 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 02, 2021 09:24 AM AEST| 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 11:50 PM AEST| 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 .....
Five used car stocks to consider amid a red-hot auto market
June 30, 2021 05:38 AM AEST| 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 & .....
Why is Rivian Automotive Inc on investors’ radar?
June 19, 2021 04:15 AM AEST| 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 16, 2021 04:43 AM AEST| 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 15, 2021 10:21 AM AEST| 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 15, 2021 09:53 AM AEST| 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 09, 2021 06:17 AM AEST| 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...
