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Automobile
Yearender: Top EV stocks that continue to hog limelight
December 28, 2021 08:41 AM PST| By Rupam RoyHighlights Tesla, Inc. (NASDAQ: TSLA) revenue increased by 57% YoY in Q3, FY21. General Motors (NYSE: GM) eyes fiscal 2021 revenue of US$8.1 billion to US$9.6 billion. Ford Motor Company (NYSE: F) stock soared over 144% YTD. The year 2021.....
Why Nikola (NKLA) stock roared 18% higher today?
December 23, 2021 10:46 AM PST| By Versha JainHighlights Nikola Corporation (NASDAQ: NKLA) delivered its first electric truck on Dec 17, 2021. Nikola manufactures fuel-cell electric vehicles and offers energy infrastructure solutions. The company launched its IPO in January 2021. It.....
Why is Kaixin Auto Holdings' (KXIN) stock trending?
December 17, 2021 08:53 AM PST| By Rupam RoyHighlights Bujia International Logistics Limited has agreed to order at least 10,000 energy new trucks from Kaixin. The agreement deal values around US$500 million. Kaixin stock was up over 36% on Thursday, December 16. The shares of Kaix.....
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Why did Rivian Automotive (RIVN) crash in pre-market trading?
December 17, 2021 07:44 AM PST| By Rupam RoyHighlights Rivian made its debut on the US market in November, raising US$12 billion. The firm will build its new manufacturing facility in Georgia. The construction of the EV plant would cost about US$5 billion. The stocks of Rivian Auto.....
Why is Harley-Davidson's (HOG) stock rallying?
December 13, 2021 10:00 AM PST| By Rupam RoyThe stocks of Harley-Davidson, Inc. (NYSE: HOG) gained attention from investors Monday, December 13, after the firm announced that its electric-motorcycle division, LiveWire, will go public by a merger with a special purpose acquisition company (SP.....
Why are these EV stocks worth watching in 2022?
December 06, 2021 01:51 PM PST| By Versha JainThe electric vehicle industry is getting a big push because of the fight against climate change. The industry makes electric cars, SUVs, and commercial vehicles like vans and trucks. It also manufactures EV parts, provides services, and upkeeps th.....
Polestar 5 sedan reveals production timeline, up against Tesla, Lucid
November 26, 2021 10:11 AM PST| By Versha JainHighlights Polestar plans to launch its electric sedan Polestar 5 to compete against the likes of Lucid and Rivian. Polestar Automotive is owned by Geely. Polestar, a spin-off from Volvo in 2016, was founded as a premium EV maker in 2017. .....
Sono, Rivian & Canoo: Which firms are leading the EV market race?
November 17, 2021 03:44 PM PST| By Versha JainHighlights Sono Group N.V. (NASDAQ: SEV) skyrocketed in its stock market debut on Wednesday. Canoo announced plans to relocate its headquarters. Rivian Automotive, Inc. (NASDAQ: RIVN) manufactured 12 R1T vehicles and delivered 11 vehicles as o.....
Canoo stock (GOEV) rally continues; Should you explore it?
November 17, 2021 11:38 AM PST| By Versha JainHighlights The cash and equivalents increased to US$414 million for nine months ended September 30, 2021, against US$148 million in the same period a year ago. The stock fell 24.28% YTD but rose 30.30% month-to-date. Canoo Inc. (NASDAQ: G.....
Lucid (LCID) gains traction after sedan rollout: Is it worth exploring?
November 16, 2021 08:42 AM PST| By Ipsita SarkarHighlights Lucid Group, Inc. (NASDAQ: LCID) revenue was US$232,000 in Q3, FY21. The company sets a vehicle production target of 20,000 units in 2022. Air Sedan bookings rose to more than 17000 from 13000 in Q3, FY21. Lucid Group, Inc. (NA.....
EV-maker Rivian (RIVN) raises US$11.9 bn in IPO: How to buy the stock?
November 10, 2021 09:35 AM PST| By Team Kalkine MediaHighlights Rivian’s first electric pickup truck, R1T, was delivered to clients a couple of months ago. Rivian’s IPO is the sixth-largest listing of all time in a US exchange. The Irvine, California-headquartered Rivian is on trac.....
NIO sees record revenue growth in Q3 on strong vehicle deliveries
November 09, 2021 04:11 PM PST| By Sanjeeb BaruahHighlights NIO’s total revenues were RMB 9,805.3 million or US$1,521.8 million in the quarter, an increase of 116.6% from the same period a year ago. NIO’s vehicle sales were RMB 8,636.8 million or US$1,340.4 million in the quarter.....
Top EV stocks to explore as nations set emissions reduction target
November 04, 2021 08:22 AM PDT| By Ipsita SarkarThe electric vehicle industry received a major boost after the UN conference of parties or COP26 recently set new targets for pollution reduction. The countries aim to reduce greenhouse gas emissions by 30% from the 2020 levels. The COP26 summit in...
Lucid, Rivian start delivery of much-awaited inaugural EV models
November 01, 2021 04:19 PM PDT| By Sanjeeb BaruahElectric vehicle makers Rivian Automotive and Lucid Group Inc. (NASDAQ: LCID) have delivered their much-awaited inaugural EV models to customers over the weekend as they make market debut. California-based Lucid delivered its Lucid Air sedans on S.....
Top EV stocks to watch as White House mulls tax credit
November 01, 2021 02:06 PM PDT| By Ipsita SarkarThe EV market is one of the sectors that investors have been keeping a close watch on lately. Earlier this year, President Joe Biden had set a target to make half of all automobiles sold by 2030 energy vehicles. In addition, his administration ha.....
GM sees sharp fall in Q3 revenue, upbeat on full-year results
October 27, 2021 07:54 AM PDT| By Sanjeeb BaruahHighlights GM’s revenue dropped to US$26.8 billion in the quarter from US$35.5 billion a year ago. At the same time, profit declined to US$2.4 billion from US$4.0 billion in the comparable quarter a year earlier. In a letter to sharehol.....
Tesla (TSLA) beats Q3 revenue estimates, boosted strong China sales
October 20, 2021 08:29 PM PDT| By Ipsita SarkarHighlights 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.....
General Motors (GM), Avis Budget (CAR) stocks rise on upbeat business outlook
October 08, 2021 12:47 PM PDT| By Ipsita SarkarStocks 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.....
Cheap EV stocks to explore in the fourth quarter of 2021
October 06, 2021 01:45 PM PDT| By Ipsita SarkarHighlights 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 .....
Why are XPeng Inc (XPEV), NIO Inc. (NIO) stocks gaining attention today?
October 01, 2021 11:16 AM PDT| By Sanjeeb BaruahHighlights 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.....
