The outlook for electric vehicles is looking increasingly polluted, and companies are having second thoughts about their big investments. In October, General Motors (NYSE:GM) postponed retrofitting a $4B factory to scale construction of its new electric pickups — while Ford (NYSE:F) also delayed $12B in EV manufacturing investments last week. This will help both companies…
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Elon Musk Starts EV Price War; Threatening to Wipe Out Smaller EV Makers
By now, there’s no doubt. Elon Musk is a killer. Musk has started a price war in the largest and most competitive EV market — China — sacrificing Tesla’s profits to run others out of business. Too many options, not enough sales China’s EV market is hyper-competitive — dominated by Tesla and Buffett-backed BYD, with…
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The electric vehicle industry is maturing at the expense of Tesla
On a scale of 1-10, how mad would you be if you could’ve bought the same car for $13K cheaper? We’d be a raging 10. That’s how these people must be feeling… In China, hundreds of Tesla owners took their frustration to showrooms demanding rebates. US Tesla buyers are also feeling “duped” after Tesla lowered…
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Rivian tackles its largest problems with Mercedes partnership
Electric truck maker Rivian was one of the most hyped IPOs of 2021 — going public at a $127B market cap — only to fall over 70% since. Last week, they announced a partnership with Mercedes to cooperate in building electric vans in Europe last week — a move in the right direction to address…
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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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