Electric vehicles (EVs) have revolutionized the transportation industry, providing a cleaner and more sustainable mode of transportation. As EV adoption continues to rise, it is essential to assess the impact these vehicles have on the U.S. power grid. While there are concerns about the grid’s ability to handle the increased demand for electricity, there are […]
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) — BYD Co. jumped to second place in global electric-car battery rankings in July, overtaking LG Energy Solution Ltd. as China’s demand for clean cars surges. The Chinese car and battery maker supplied 6.4 gigawatt-hours of batteries in July, behind only giant Contemporary Amperex Technology Co. with 13.3 GWh. LG Energy slipped to third […]
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) — 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 More(Bloomberg) — Porsche will turn the 718 Boxster into an exclusively electric model from 2025 as the sports-car maker’s returns on the successful Taycan improve. The Volkswagen AG luxury unit will also offer a hybrid version of the iconic 911, it said Friday. The manufacturer, whose parent is preparing an initial public offering of the […]
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 More(Bloomberg) — Tesla Inc. set a record for profit but warned that supply chain problems will keep it from introducing new vehicle models this year while it focuses on expanding production of its current lineup. That means fans of the Cybertruck will have to wait until at least 2023. On the other hand, full self-driving […]
Read More(Bloomberg) — Lithium prices are continuing their breakneck ascent in China, with surging electric-vehicle sales underpinning a fivefold gain over the past year. Chinese lithium carbonate prices tracked by Asian Metal Inc. rose to a fresh record on Monday, as data showed a 35% month-on-month jump in electric-vehicle registrations in December. Nearly 400,000 EVs were […]
Read MoreFord Motor Company designs, manufactures, markets, and services a range of Ford trucks, cars, sport utility vehicles, electrified vehicles, and Lincoln luxury vehicles worldwide. It operates through three segments: Automotive, Mobility, and Ford Credit. The Automotive segment sells Ford and Lincoln vehicles, service parts, and accessories through distributors and dealers, as well as through dealerships […]
Read More(Bloomberg) — Pilbara Minerals Ltd., one of Australia’s top lithium miners, slashed its forecast for shipments, further exacerbating tight supply for the key ingredient in electric-vehicle batteries. The Perth-based company cited a raft of issues — from delays in commissioning and ramping up more processing capacity, to unplanned shutdowns and skilled worker shortages — in […]
Read MoreWarren Buffett scored 3,000% gains in electric car stock without Rivian or Tesla — here are 3 EV stocks flying under Wall Street’s radar After a white-hot early November, electric vehicle stocks have declined sharply over the past month or so. But for investors who got in early enough and stuck around, the returns are […]
Read More(Bloomberg) — Toyota Motor Corp. wants the world to know it’s serious about competing in the market for battery-based electric vehicles. The world’s biggest carmaker is planning to invest 4 trillion yen ($35.2 billion) to supercharge its EV push, with a target to sell 3.5 million units annually by the end of the decade, Chief […]
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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