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Electric Vehicles Are Draining Billions From Profitable ICE Legacy Automakers With Ford Projecting $3 Billion in Losses
Thursday, May 18, 2023 - 10:27am | 944Read More...There's nothing cheap about developing, manufacturing, delivering and investing in the future of electric vehicles (EVs). Ford Motor Co. is finding this out the hard way — just the same as many other automakers — with the company's EV unit projected to lose about $3 billion in 2023. Don’t...
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Elon Musk On Tesla Making Zero Profit, Rivian Reclaims Partial Tax Credit, Lordstown Mulls Reverse Stock Split And More: Biggest EV Stories Of The Week
Saturday, April 22, 2023 - 11:02am | 880Read More...Electric vehicle stocks moved down alongside the broader market in the week ending April 21. Tesla, Inc. (NASDAQ: TSLA) set the ball rolling with mixed quarterly results. Here are the key events that happened in the EV space during the week: Tesla’s Q1, Price Adjustments And...
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As Rivian And Lucid Struggle, Elon Musk Says Volume Production, Achieving Positive Cash Flow Are 'Insanely Hard'
Saturday, April 15, 2023 - 5:48pm | 644Read More...Amid production pangs experienced by electric vehicle startups that include Lucid Group, Inc. (NASDAQ: LCID) and Rivian Automotive, Inc. (NASDAQ: RIVN), Twitter users recently discussed the ability of such companies to survive. EV pioneer and Tesla Inc....
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Tesla Model 3 'Highland' Leak, Rivian Loses Bullish Recommendation, EPA Emission Standards A Boost For EVs And More: Biggest EV Stories Of The Week
Saturday, April 15, 2023 - 9:29am | 799Read More...Electric vehicle stocks closed the week ending April 14 mostly lower, as a result of company-specific tidings and broader market weakness caused by soft financial data. Market leader Tesla, Inc. (NASDAQ: TSLA) didn't change much, as the weakness set in motion by its ...
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Tesla's Aggressive Price Cuts Bite Rivals, Lucid Teams Up With Apple, Ford Teases 'Revolutionary' Next-Gen EV Truck And More: Biggest EV Stories Of The Week
Saturday, March 25, 2023 - 10:54am | 997Read More...Electric vehicle stocks closed the week ending March 24 on a mixed note, despite the positive weekly performance by the broader market. Tesla, Inc. (NASDAQ: TSLA) ran up strongly this week on the expectation that first-quarter deliveries will outperform. Tesla Short-Shrifted: Tesla’s...
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How To Invest in Electric Vehicle Startups Before They Hit the Stock Market
Friday, December 2, 2022 - 2:26pm | 492Read More...Anyone who invested in Tesla Inc in the past few years and held is doing incredibly well. Tesla is seemingly unstoppable as CEO Elon Musk continues to grow in prominence and amasses a loyal following of people who believe in his vision. This has caused a massive rise in not only Tesla stock...
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This Company Is Buying 200 Tesla Vehicles Per Week — Here's Its Future Plan
Saturday, July 30, 2022 - 3:27pm | 455Read More...An electric vehicle subscription service company named Autonomy, which uses Tesla Inc (NASDAQ: TSLA) vehicles, has recently announced that it is taking delivery of close to 200 Tesla vehicles per week. According to a report from Electrek, Autonomy will soon add Tesla Model Y to its...
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Rivian Unveils R2 Vehicle Roadmap And Company Highlights: What Did CEO RJ Scaringe Tell Investors?
Monday, June 6, 2022 - 4:33pm | 571Read More...The founder and CEO of electric vehicle company Rivian Automotive Inc (NASDAQ: RIVN) issued a shareholder letter Monday to share where the company has been and where it is headed. Here are the key takeaways from the letter. What Happened: In a letter to shareholders, Rivian CEO and founder RJ...
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5 Things You Might Not Know About Rivian Founder RJ Scaringe
Wednesday, May 11, 2022 - 12:33pm | 678Read More...Electric vehicle company Rivian Automotive Inc (NASDAQ: RIVN) completed its highly anticipated IPO in November 2021. Rivian was founded in 2009 by RJ Scaringe, who continues to lead the company as its CEO. Here are five things you might not know about RJ Scaringe. 1. He Always Wanted To Start...
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Rivian Q4 Results: Earnings And Sales Miss, 909 Vehicle Deliveries And More
Thursday, March 10, 2022 - 5:57pm | 453Read More...Electric vehicle company Rivian Automotive Inc (NASDAQ: RIVN) reported fourth-quarter financial results and shared an update on fiscal year 2022 expectations Thursday. Here are the key highlights for investors. What Happened: Rivian reported fourth-quarter revenue of $54 million, missing a...
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Is A Rivian Electric Bike On The Horizon? What Investors Should Know About New Trademark
Tuesday, January 11, 2022 - 12:10pm | 638Read More...Rivian Automotive (NASDAQ: RIVN) has a focus on electric pickups and electric delivery vehicles, and it might have another mode of transportation in its sights. What Happened: Electric vehicle company Rivian, which counts Amazon.com Inc (NASDAQ: AMZN) and Ford Motor Co (NYSE: F) among...
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Jim Cramer Weighs In On Ford's Stock: 'I Don't Think It's Done Going Up'
Thursday, December 16, 2021 - 1:40pm | 370Read More...Ford Motor Company (NYSE: F) launched a new product, Ford Pro Charging, Thursday that is designed to help businesses more easily manage electric vehicle fleets. Ford acknowledges that the transition to EVs from all internal combustion-powered fleets can be complex. Ford...
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Rivian Raises $11.9B In Upsized IPO: What You Need To Know
Wednesday, November 10, 2021 - 4:17am | 503Read More...Rivian Automotive Inc, an electric vehicle manufacturer backed by Amazon.com Inc (NASDAQ: AMZN) and Ford Motor Co (NYSE: F), on Tuesday priced shares in its highly-anticipated initial public offering at $78 — well above its earlier expectations— to raise $11.93 billion, regulatory...
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Why Jim Cramer Would Prefer To Sit 'On The Sidelines' With Rivian And Buy Ford Instead
Tuesday, November 9, 2021 - 3:23am | 588Read More...CNBC "Mad Money" host Jim Cramer said on Monday he has reservations about whether the electric vehicle maker Rivian Automotive Inc can replicate Tesla Inc’s (NASDAQ: TSLA) success and that he’d rather buy shares of Ford Motor Co (NYSE: F). What Happened: Cramer said on his...
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How Ford Beat GM To An Investment In Rivian
Monday, November 8, 2021 - 3:41pm | 546Read More...With the Rivian IPO this week, Ford Motor Company (NYSE: F) could be among the winners thanks to a 12% stake in the company. Here’s the story of how Ford beat rival General Motors Corp (NYSE: GM) to acquire a stake in the startup. What Happened: Ford and General Motors have been rivals...
















