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Corporate / Financial Will Tesla's Reduced Wait Times In China Impact Its Stock?

Will Tesla's Reduced Wait Times In China Impact Its Stock?

Tesla is finally beginning to catch up with the demand for its vehicles, though some might see it as a drop in demand.
By EVANNEX 1m ago
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Corporate / Financial Nissan Acquires Shares In Vehicle Energy Japan

Nissan Acquires Shares In Vehicle Energy Japan

The move is expected to strengthen Nissan's lithium-ion battery competence.
By Mark Kane 14 September 2022
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Industry Lucid Will Raise Another $8 Billion Via A New Offering

Lucid Will Raise Another $8 Billion Via A New Offering

This comes as no surprise since it also appears Lucid is planning a massive expansion at its Arizona factory.
By Steven Loveday 31 August 2022
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Corporate / Financial Ford Lays Off 3,000 Employees To Cut Costs As It Transitions To EVs

Ford Lays Off 3,000 Employees To Cut Costs As It Transitions To EVs

Two-thirds are salaried employees and one-third are agency workers; most of the layoffs are in the US, Canada and India.
By Dan Mihalascu 26 August 2022
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Corporate / Financial Tesla Stock Splits 3-For-1, Wedbush Raises Price Target To $360

Tesla Stock Splits 3-For-1, Wedbush Raises Price Target To $360

Trading on a stock-split adjusted basis starts today; TSLA closed at $891 yesterday and should begin trading at $297 today post-split.
By Dan Mihalascu 25 August 2022
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Corporate / Financial Rivian Q2 2022 Financial Results: Net Loss Widens To $1.7 Billion

Rivian Q2 2022 Financial Results: Net Loss Widens To $1.7 Billion

EV startup posted a revenue of $364 million and said it had 98,000 reservations for the R1T and R1S as of June 30, 2022.
By Dan Mihalascu 12 August 2022
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Corporate / Financial Nikola Q2 Revenue Above Expectations On Delivery Of 48 Tre BEVs

Nikola Q2 Revenue Above Expectations On Delivery Of 48 Tre BEVs

The commercial EV maker built 50 Tre BEV electric semi trucks in the quarter, 48 of which were shipped to dealers.
By Dan Mihalascu 08 August 2022
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Corporate / Financial Tesla Shareholders Vote In Favor Of 3-For-1 Stock Split

Tesla Shareholders Vote In Favor Of 3-For-1 Stock Split

Based on the August 4 closing price of $925, Tesla's new share price would be around $308. 
By Dan Mihalascu 05 August 2022
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Corporate / Financial Fisker Ocean One Launch Model Sold Out Despite $5,000 Deposit

Fisker Ocean One Launch Model Sold Out Despite $5,000 Deposit

Fisker also says it has exceeded 56,000 total reservations for the Ocean SUV and 4,000 for the PEAR entry-level EV.
By Dan Mihalascu 04 August 2022
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Corporate / Financial Nikola Agrees To Buy Battery Supplier Romeo Power For $144 Million

Nikola Agrees To Buy Battery Supplier Romeo Power For $144 Million

The acquisition will turn Nikola into a battery maker and give it control of critical battery pack engineering and production process.
By Dan Mihalascu 02 August 2022
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Corporate / Financial Rivian Says Senate Climate Bill Favors Rivals Like Tesla, GM

Rivian Says Senate Climate Bill Favors Rivals Like Tesla, GM

EV startup claims the pending federal legislation's $80,000 price cap would leave nearly all of its vehicles ineligible for incentives.
By Dan Mihalascu 02 August 2022
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Corporate / Financial Amazon, Ford Post Q2 Losses Of $3.9B, 2.4B On Their Rivian Stock

Amazon, Ford Post Q2 Losses Of $3.9B, 2.4B On Their Rivian Stock

This year alone, Amazon lost $11.5 billion and Ford Motor Company $7.5 billion on their Rivian holdings.
By Dan Mihalascu 29 July 2022
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Battery Tech Panasonic Reports Robust EV Battery Demand In Q2 2022

Panasonic Reports Robust EV Battery Demand In Q2 2022

The company has updated its 4680-type battery cell commercialization roadmap.
By Mark Kane 28 July 2022
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Corporate / Financial Rivian Cuts 6 Percent Of Workforce, Factory Employees Excepted

Rivian Cuts 6 Percent Of Workforce, Factory Employees Excepted

Over 800 employees will be affected by the restructuring aimed at better aligning Rivian's headcount with business priorities.
By Dan Mihalascu 28 July 2022
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Corporate / Financial Lucid Hires Two Key Execs To Help It Expand To Europe, Middle East

Lucid Hires Two Key Execs To Help It Expand To Europe, Middle East

Former Tesla VP Evelyn Chiang will lead Lucid's process transformation while ex-Mercedes exec Walter Ludwig will head global logistics.
By Dan Mihalascu 27 July 2022
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Energy Storage Systems Tesla Energy Generation And Storage Business: Q2 2022 Results

Tesla Energy Generation And Storage Business: Q2 2022 Results

Solar installations rebounded, but energy storage output is limited.
By Mark Kane 21 July 2022
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Corporate / Financial Tesla Dumped 75 Percent Of Its Bitcoin Holdings For $936 Million

Tesla Dumped 75 Percent Of Its Bitcoin Holdings For $936 Million

Tesla reportedly lost around $162 million from its initial Bitcoin investment.
By Dan Mihalascu 21 July 2022
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Corporate / Financial Tesla Q2 2022 Earnings Report: Profitable Again, Against All Odds

Tesla Q2 2022 Earnings Report: Profitable Again, Against All Odds

Another winning quarter for Tesla is in the books.
By Eric Loveday 20 July 2022
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Corporate / Financial Volkswagen Group Names North America Boss As CEO Of Scout EV Brand

Volkswagen Group Names North America Boss As CEO Of Scout EV Brand

Scott Keogh will focus solely on the development of the new independent Scout company that will build rugged electric pickups and SUVs.
By Dan Mihalascu 20 July 2022
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Corporate / Financial Fisker Poaches BMW US Plant Executive To Lead Global Manufacturing

Fisker Poaches BMW US Plant Executive To Lead Global Manufacturing

Alpay Uguz will oversee the EV startup's efforts to achieve annual production of up to 1 million vehicles by 2027.
By Dan Mihalascu 15 July 2022
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Battery Tech Northvolt Raised $1.1 Billion To Support Expansion In Europe

Northvolt Raised $1.1 Billion To Support Expansion In Europe

The company has $55 billion in battery orders.
By Mark Kane 10 July 2022
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Corporate / Financial Polestar Shares Down 25 Percent Four Days After Nasdaq Debut

Polestar Shares Down 25 Percent Four Days After Nasdaq Debut

Polestar's market cap was $22.78 billion at market close on June 29, down from $27 billion after the first day of trading last week.
By Dan Mihalascu 30 June 2022
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Corporate / Financial Analyst Upgrades Tesla's Stock On

Analyst Upgrades Tesla's Stock On "Strong Competitive Advantage"

Tesla's stock has always been volatile, but this analyst is forecasting an upside thanks to the early focus on vertical integration.
By EVANNEX 27 June 2022
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Corporate / Financial Polestar Goes Public On Nasdaq Via SPAC Merger, Raises $890 Million

Polestar Goes Public On Nasdaq Via SPAC Merger, Raises $890 Million

Polestar shares closed at $13 on June 24, the stock's first day of trading; the EV maker trades under the ticker PSNY.
By Dan Mihalascu 27 June 2022
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