Tesla, Inc. designs, develops, manufactures, leases, and sells electric vehicles, and energy generation and storage systems in the United States, China, and internationally. TSLA $208.3100 6.2700 % 3.1000 Tesla Inc Sector : Auto-Tires-Trucks Industry : Auto – Domestic Signal Short Term Trend Long Term Trend BUY UP DOWN Day: 3.1% Wk: 5.8% Mo: 56.13% Yrly: […]
Read More(Bloomberg) — The rapid selloff in Tesla Inc. shares has left most price targets from ever-bullish Wall Street analysts seemingly obsolete. The yawning gap means Tesla shares need to rally a whopping 80% to hit the median analyst target price — the second widest on the Nasdaq 100 Index, just behind Baidu Inc. The Elon […]
Read More(Bloomberg) — After a disastrous first year as a public company following one of the biggest IPOs ever, Rivian Automotive Inc.’s troubles are set to continue with the outlook for unproven, money-draining businesses darkening and a recession looming. The electric pickup-truck maker has lost almost $125 billion in market value since the initial public offering, […]
Read MoreEvolution Petroleum Corporation (EPM) Evolution Petroleum Corporation, an energy company, engages in the development, production, ownership, and exploitation of onshore oil and gas properties in the United States. The company holds interests in a CO2 enhanced oil recovery project in Louisiana’s Delhi field. Tesla, Inc. (TSLA) Tesla, Inc. designs, develops, manufactures, leases, and sells electric […]
Read MoreBlueLinx Holdings Inc. (BXC) BlueLinx Holdings Inc., together with its subsidiaries, distributes residential and commercial building products in the United States. The company distributes specialty products comprising engineered wood, industrial products, cedar, moulding, siding, metal, and insulation products. ON Semiconductor Corporation (ON) ON Semiconductor Corporation provides intelligent sensing and power solutions worldwide. Its intelligent power […]
Read More(Bloomberg) — Tesla Inc. delivered 254,695 cars worldwide in the three months to June, snapping a two-year streak of quarter-on-quarter gains, as a Covid-related shutdown at its factory in Shanghai crimped production. The results, posted Saturday, missed a forecast of 261,181 vehicle deliveries based on an average of analyst estimates compiled by Bloomberg. That is […]
Read More(Bloomberg) — Contemporary Amperex Technology Co. Ltd. unveiled an electric-car battery it said has a range of over 1,000 kilometers (620 miles) on a single charge and is 13% more powerful than one planned by Tesla Inc., a major customer. CATL, as the world’s biggest maker of electric-car batteries is known, will start manufacturing the […]
Read More(Bloomberg) — Goldman Sachs Group Inc. said the price of three key battery metals — cobalt, lithium and nickel — will drop over the next two years after investors wanting exposure to the green-energy transition piled in too quickly. “Investors are fully aware that battery metals will play a crucial role in the 21st century […]
Read More(Bloomberg) — Two years into the SPAC merger boom for electric-vehicle startups, companies are having a tough time finding cash to actually produce cars. First Lordstown Motors Corp. said it would back off investing in the tools to build its electric trucks until capital markets loosen up. Two days later, EV Startup Canoo Inc. issued […]
Read MoreKey Takeaways Analysts estimate adjusted EPS of $0.48 vs. $0.34 in Q4 FY 2020. The number of automobiles sold is expected to decline YOY. Revenue is expected to rise YOY despite global supply chain disruptions, rebounding from the most recent quarter’s decline. Ford Motor Co. (F) has struggled to make enough vehicles to meet surging […]
Read MoreThe electric auto industry is comprised of companies focused on the manufacture of electric cars, trucks, vans, and commercial vehicles, as well as companies that offer electric automobile parts and services. While some traditional automakers also produce electric vehicles (EV), this article focuses on companies considered to be largely pure-play EV manufacturers. The electric car […]
Read MoreThe energy transition is driving the next commodity supercycle, with immense prospects for technology manufacturers, energy traders, and investors. Indeed, new energy research provider BloombergNEF estimates that the global transition will require ~$173 trillion in energy supply and infrastructure investment over the next three decades, with renewable energy expected to provide 85% of our energy […]
Read MoreElectric cars could deliver power to the grid as well as soaking it up. Drew Angerer/Getty Images) If electric vehicles take over personal transportation, the U.S. will need more electricity- generating capacity and far fewer gas pumps. Even Tesla CEO Elon Musk thinks so, but the additional amount may be less than expected. Back in […]
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