Tesla stock pauses amid ongoing supply chain issues

Elon Musk is worried about many things: an “inevitable” U.S. recession, factories losing billions and a Twitter acquisition that never seems to close. In preparation for a downturn, Tesla is cutting 10% of salaried staff and laying off 200 people in its Autopilot team. What’s the big deal? $TSLA is down 40% since Shanghai shut…

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Tesla and auto stocks have a tough drive ahead

In April, Shanghai car production fell 75% compared to the previous month — hitting global automakers like Ford, Tesla, Volkswagen and GM. What’s the big deal? Yesterday, Tesla made its first shipment out of Shanghai since a city-wide COVID lockdown stopped all Tesla car exports in April. Since April 1, Tesla has fallen 32% alongside…

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Is Tesla the only viable electric vehicle play?

The logic: Oil prices rise, consumers flock to electric vehicles (EV), carmakers report higher sales and stocks go up right? If only it was that simple… Electric vehicles’ 99 problems The recurring theme of supply chain issues is also seen in EV, causing several EV makers to lower 2022 production targets — including once hyped…

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Disrupt or be disrupted? Ford Motor chooses disrupt

Ford chooses to disrupt. The US automaker is moving to get ahead — lest not get left behind — in the electric vehicle (EV) biz. What’s the big deal? Ford (NYSE:F) announced its biggest EV push — planning more investments and reorganizing its business into two distinct units: Gas-powered vehicles focused on profits. Electric vehicles…

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Rivians’ problems compounds into 2022

Yesterday, Rivian, the hyped electric truck maker, announced the departure of its chief operating officer — adding more pain for the largest IPO in 2021. What’s the big deal? Shortly after going public, Rivian — with zero sales at that point — surged 70% — making it larger than Ford and General Motors. Since November,…

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Electric vehicle charging stocks gets mixed messages from investors

Consumers are pressing the gas on electric vehicle (EV) adoption, but EV charging stations are putting the brakes on its growth. Despite EV stocks having a massive run on the back of Tesla, Rivian and Lucid, EV charging stocks aren’t having as much luck… What’s slowing down EV adoption? 40% of new car sales are…

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Rivian: The largest IPO of 2021 hits the market

Rivian — the hyped electric truck maker is going public today — and the largest IPO of 2021 is giving investors lots of questions. Investors burned by early-stage EV startups (i.e. Nikola and Lordstown) are highly skeptical of this cash-burning, zero-revenue company. While those that missed out on Tesla’s gains are wondering — Is this…

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October jumpstarted electric vehicle stocks, Tesla leads the way

October was a big month for electric vehicles (EV) stocks — with Tesla in the lead — which is up 52% in the past month. Other pre-revenue EV upstarts are also seeing similar moves: Lucid (NASDAQ:LCID) is up 47% and Arrival (NASDAQ:ARVL) is up 30% in the past month. What’s the big deal? Last week,…

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Hertz’ electric vehicle order takes Tesla above $1 trillion market cap

Tesla received a 100K vehicle order from car rental company Hertz (OTC:HTZZ), who emerged out of bankruptcy nearly 4 months ago — sending TSLA up 12.6% and HTZZ up 10%. What’s the big deal? This deal validates electric vehicles’ growing adoption, marks a big milestone for Tesla and hints at big changes coming for once-struggling…

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Rivian’s IPO: Overly dependent on Amazon with an expensive valuation

Breakups are messy, and Rivian hopes to never feel the pain. The much-hyped electric vehicle (EV) maker, which may be a little too dependent on Amazon, recently filed to go public. It’s seeking an $80B valuation, a massive number for a company with zero sales. Driving out of stealth mode Global EV demand is slowly…

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