electricvehicleev
Rivian Automotive Inc (NASDAQ: RIVN) has already gained some 40% since its year-to-date low but a Guggenheim analyst is convinced it’s not too late to invest in it yet. Shares of the EV firm are still down about 45% versus the start of 2024. Rivian stock could climb to $18Ronald Jewsikow assumed coverage of the electric vehicles company this morning with a “buy” rating. His $18 price objective suggests more than a 50% upside from here. The analyst is bullish on Rivian stock as he expects the R2/R3 optimism to serve as a catalyst moving forward. His research note reads: We see a credible path t...
Invezz
The Faraday Future (NASDAQ: FFIE) stock price has tumbled as I predicted last week. It plunged by over 17% on Monday’s regular session followed by a 20% plunge during the pre-market session. Faraday Future reverse stock splitThe stock crash happened after the troubled Tesla rival announced a new plan to regain compliance with the Nasdaq. In it, the company will implement a 40:1 reverse split in a move to push it above $1, per share. This split came a week after Nikola shares plummeted following its decision to implement a 30:1 reverse split. According to listing requirements, a company’s stock...
Invezz
China wants the European Union to scrap its preliminary tariffs on Chinese EVs by July 4, China’s state-controlled Global Times said citing observers, as both countries agreed to launch consultations on the anti-subsidy investigation. “Observers said the best outcome the Chinese side wants is that the EC, the executive body of the EU, scrap its tariff decision before July 4 and abide by WTO rules,” Global Times said. Earlier this month, the EU announced that it would impose tariffs of up to 38% on electric cars produced in China, effective from July 4, if ongoing talks with Chinese authorities...
Invezz
Nio (NYSE: NIO) stock price has come under intense pressure this month even after the company published encouraging financial results and May delivery numbers. It sunk to a low of $4.30, its lowest point since April 26th. A bargain or a value trap?Nio, like other Chinese EV companies, has struggled hard in the past few years as concerns about the industry remained. Its stock has tumbled by more than 93% from its all-time high while its market cap has crashed from over $84 billion to the current $8.9 billion. Nio is facing numerous internal and external factors. Internally, there are signs that...
Invezz
Ola Electric, India’s largest two-wheeler electric vehicle maker has received the approval from India securities’ market regulator- Securities Exchange Board of India (Sebi) to go public. The Bhavish Agarwal-led company will raise Rs 5,500 crore through a fresh issue, apart from an offer-for-sale (OFS) component of 95.2 million shares, and is likely to list its shares later this year. The Bengaluru-headquartered startup is reportedly eyeing a $6 billion valuation and will be the first EV startup in the country to list itself on the bourses. According to the draft IPO papers, a part of the proc...
Invezz
Prime Minister Justin Trudeau’s government is preparing potential new tariffs on Chinese-made electric vehicles (EVs) to align Canada with actions taken by the United States and the European Union, according to sources. While no final decision has been made, it is expected that public consultations on the proposed tariffs will be announced soon. These measures aim to counter the influx of Chinese EVs into Canada and support the domestic auto industry. Rising pressure to match international tariffsTrudeau has been under increasing pressure to follow the lead of US President Joe Biden, whose adm...
Invezz
Polestar (PSNY), Canoo (GOEV), and Faraday Future (FFIE) stock prices have tumbled this year amid the rising concerns about the electric vehicle (EV) industry. Polestar’s stock has crashed by more than 69% this year while Canoo and Faraday Future have tumbled by 70% and 42%, respectively. Polestar vs Canoo vs Faraday Future stocks These companies have collapsed because of their slow growth and strained balance sheets. Data shows that Faraday Future ended the last quarter with less than $5 million in cash even as its net loss came in at over $400 million. Canoo had about $9.6 million in cash, d...
Invezz
Nikola Corporation stock experienced a significant drop, plummeting nearly 21% during premarket trading on Thursday. This decline followed the company’s announcement of an upcoming 1-for-30 reverse stock split, a move approved by its board of directors. The reverse stock split will result in Nikola’s shares being traded on a split-adjusted basis starting from June 25. Nikola Corporation reverse stock split detailsNikola Corporation, known for its efforts in producing hydrogen-powered and electric vehicles, has faced various challenges over the past few years. The stock has been trading at low ...
Invezz
Mullen Automotive (NASDAQ: MULN) stock price has remained in a deep sell-off and is nearing its all-time low despite making some important announcements. It has crashed by over 82%, making it one of the worst-performing electric vehicle companies in Wall Street, bringing its market cap to over $43 million. Mullen Automotive’s progressMullen Automotive, a Tesla wannabe, has made a lot of progress in the past few months. On June 13th, the company said that it had received a $13.2 million sales order for its Bollinger Motors business. These orders came from Momentum Groups,a company that offers f...
Invezz
Chrysler, the Stellantis-owned brand, is recalling 1,033,433 vehicles in the United States over a rearview camera image issue, according to the US National Highway Traffic Safety Administration (NHTSA). The recall was announced on Wednesday after NHTSA documents indicated that the rearview camera in these vehicles fails to display properly, decreasing driver visibility and increasing the risk of crashes. Vehicles affected by the recallThe recall affects a range of models from the 2021-2023 production years. Specifically, the vehicles included in the recall are: 2021-2022 Dodge Durango2021-2023...
Invezz
閲覧を続けるには、ノアドット株式会社が「プライバシーポリシー」に定める「アクセスデータ」を取得することを含む「nor.利用規約」に同意する必要があります。
「これは何?」という方はこちら