Just a few years ago Lucid Group (LCID) was one of the most exciting stocks on the market, soaring to more than 430% above its IPO price of $10.25/share. Since then, the stock has plummeted to just $2.69/share - with no signs of slowing down anytime soon. The EV manufacturer has been compared to [...]
On Wednesday (December 27), Mullen Automotive (MULN) announced that it had delivered its latest batch of EV vehicles to Randy Marion Automotive Group (RMA). Mullen Automotive will earn $3,969,000 for the delivery. This delivery consisted of 63 Class C vehicles and was part of a larger order from earlier this year. RMA originally ordered [...]
Nio (NIO) revealed a new vehicle design yesterday that left a lasting impression, sending shares more than 11% higher at one point after the long holiday weekend. The stock has experienced a slight correction in this morning’s trading session, as it’s down more than 3% so far. The ET9 as it has been called [...]
Shares of Nio Inc. (NIO) started Monday morning on a solid note, gaining 8% in pre-market trading before settling at around a 5% gain when the market opened. This came after the electric vehicle manufacturer released a statement that it had received a $2.2 billion investment. The cash infusion came from Abu Dhabi investor [...]
Fisker Inc. (FSR) fell off a cliff after reporting third-quarter earnings after the bell Monday. Shares are down more than 21% in Tuesday morning’s session so far, and the stock has lost more than 42% of its value in the last month. The electric vehicle manufacturer posted a steep loss for the quarter of [...]
Tesla (TSLA) delivered earnings for the third quarter yesterday, sending shares more than 10% lower in a single day and reaching its lowest point in more than 2 months. The stock continued that trajectory into Friday’s trading session and is down 5% so far this morning. While revenue did climb 13% year over year [...]
Rivian Automotive (RIVN) got an upgrade Tuesday from UBS analyst Joseph Spak. He moved his position on the stock from hold to buy, and yet he lowered his price target from $26 to $24. This came after the company raised a whopping $1.5 billion on October 5 - something that caught investors and Wall [...]
Chinese electric automobile manufacturer Nio Inc. (NIO) was working towards a 5-day win streak on the stock market after reporting 3rd quarter earnings. But so far, the performance has been anything but positive. News of the company’s performance for the recent quarter sent shares more than 3% lower in Monday morning’s trading session thus [...]
For years, efforts here on the homefront have been to increase US manufacturing - preventing money from going overseas. The latest in cutting back on imports comes from President Biden’s push to accelerate domestic manufacturing through legislation. The inflation reduction act (IRA) became law on August 16, 2022 and sets aside about $30 billion in [...]
Usually, news of a partnership with Amazon would bode well for a company’s stock. However, that hasn’t been the case for Rivian - one of the most anticipated EVs since Tesla. This automaker just went public in the last year - and while the stock hit the market at a high of $172 in [...]
