Such as The market is boomingThanks to a positive start to earnings season, most electric vehicle stocks advanced in the week ending October 21.
Electric cars were topped this week by the market leader Tesla, Inc. TSLA earnings report.
Here are the main events to update electric car investors:
Present Tense in Tesla, Future Perfect: Tesla’s third-quarter revenue and auto gross margin came in shy of estimates, generating negative sentiment toward the stock.
Executive Director Elon Musk He sounded optimistic about the earnings call. suggest The fourth quarter is likely to be “epic”. The billionaire confirmed that the launch event will almost take place on the first of December. The company aims to raise the level of manufacturing to 50,000 by 2024.
Tesla shared on its official Twitter account a link to vote on the supercharger sites, and those with a Tesla account can cast their votes. The company said that for each three-month voting cycle, voters can cast multiple votes to help it decide on new locations for its superchargers.
Tulipshare, a platform for retail shareholders, has called on Tesla to link executive pay to environmental, social and governance factors, Reuters reported. The group said it plans to present a shareholder resolution on the matter during the electric car maker’s annual shareholder meeting in 2023. So far, CEO Musk’s compensation is tied to the company’s financial performance.
with the Twitter, Inc. TWTR Deal deadline approaches, including analysts Gary Black Future fund, expect Hold to offload more Tesla shares next week. Black expects a rally in Tesla shares once she lifts the Twitter deal.
Cadillac GM unveils $300,000 EV: General Motors Corporation GM Cadillac announced Ultra-luxury EV named Celestiq with a whopping $300,000 price tag, which will go into production by the end of next year. Not many trust that there will be those who take the most expensive car and start drawing parallels with it Apple company AAPL Now defunct 18K Gold Apple Watch Edition.
Automakers double spending? Spending on electric vehicles as well as batteries and battery materials is expected to rise to $1.2 trillion through 2030, Reuters reported, citing public data and forecasts from automakers.
Automakers are looking to build 54 million electric batteries in the same time frame, which represents about 50% of total vehicle production, the report said.
Rivian rounded out the repair of recalled vehicles: Rivian Automotive, Inc. countryside Executive Director RJ Scaringe He said at a TechCrunch conference that the company has fixed a large majority of Over 12,000 vehicles recalled this month.
The call began to fix a loose lock connecting the front upper control arm and steering knuckle.
He also noted that Rivian is excited about the e-bike space. The CEO suggested that it will play an important role in transportation, both for the movement of goods for commercial purposes and also for the movement of people.
Kano’s order book abounds: Kano you GOEV He announced a binding order to purchase 9,300 EVs from Kingbee, a truck rental service provider, with the option to increase the vehicles to 18,600 vehicles. Kingbee will equip, roll and deliver Canoo vehicles as turnkey fleet solutions for enterprise and small to medium sized business customers across the United States
read the following: Best stock for electric cars
EV performance for the week:
Cadillac Celeste. Courtesy photo.
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