(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 More(Bloomberg) — Ford Motor Co. shares tumbled the most in almost two years after the automaker missed estimates for quarterly earnings and cautioned it may get off to a slow start to the year due to supply chain issues. The carmaker posted earnings of 26 cents a share excluding some items for the last three […]
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 MoreThis month has seen – at long last – Congressional passage of the bipartisan infrastructure bill (BIF), which is now just waiting the President’s signature. The bill’s passage marks an important political victory for President Biden and Congressional moderates, but more than that, it also brings the promise of Federal outlays to improve various physical […]
Read MoreThere’s an auto maker strutting its stuff on Wall Street and it’s not who you think it is. Industry giant Ford (F) has been posting some unseemly year-to-date gains, with the shares skyrocketing 120% in 2021. In fact, such has been its renaissance, the stock currently nests at a peak last seen in 2011. F […]
Read MoreInvestors in electric vehicle (EV) giant Tesla (NASDAQ:TSLA) have had a great October. Shares surged over 44% during the month and hit new all-time highs in the past few days. Now, its market capitalization stands around $1.2 trillion thanks to this Tesla rally. Currently, TSLA stock is up over 68% year-to-date (YTD). What’s more, as […]
Read MoreLet’s talk about electric cars. It’s an opportune time, as the auto industry is shifting to electrification. While the base technology is hardly new, a combination of factors has recently pushed it back into the limelight. Improvements in battery technology, along with advances in plastics, carbon fiber, and metallurgy, now make possible the production of […]
Read MoreRivian Automotive rolled out the first all-electric pickup truck, the R1T, on Sept. 14, ahead of its much-anticipated IPO in November. The EV startup has applied to trade under the symbol RIVN on the Nasdaq. But will Rivian stock be a good buy? The Amazon (AMZN)– and Ford (F)-backed Rivian’s R1T beat Tesla (TSLA) and […]
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