The global automotive market industry has been plagued by a chip shortage and supply constraints for more than a year.
Rivian has raised more than $10 billion since its inception, with its most recent funding round valuing the company at about $28 billion.
Shares of Lightning hit their highest since going public in May through a SPAC deal.
Jefferies raised its Tesla price target to $850 from $700, citing immense earnings upside in the future.
"Chinese ADRs are the latest example of how retail behavior has changed over the past four months," says Vanda Research.
Shares of US listed Chinese EV makers Xpeng,Nio, Li Auto, and Niu Technologies all fell over 10% Tuesday as regulatory fears spread across industries.
Canoo, CarLotz, and Workhorse all rallied Tuesday, as shares of Lordstown Motors and Tesla dropped.
Since Monday, shares of Fisker, Nikola, and Canoo were up as much as 20%, 17%, and 8%, respectively.
The $2 trillion infrastructure plan would give rebates and tax incentives to US consumers that buy American-made EVs.
Denis Sverdlov will own 76% of electric vehicle company Arrival once it goes public via a SPAC, giving him a net worth of close to $12 billion.
Tesla's stock price - and many of its competitors - struggled last week following impressive gains at the beginning of 2020.
A group of Reddit traders is attempting to "defend" CCIV stock from "market manipulators", forming a new subreddit dedicated to the cause.
Chinese electric-car maker BYD raised $US3.9 billion in an upsized stock sale, capitalising on its soaring stock price. The automaker â€” backed by legendary investor Warren Buffett â€” has seen shares surge more than 400% as investors pile into the futuristic sector. BYD plans to use the funds to pay […]
EV startup Faraday Future is looking to go public via a merger with a SPAC, Bloomberg reported. Property Solutions Acquisition Corp is in talks with Faraday to bring the EV maker public at a valuation of about $US3 billion, according to Bloomberg. Property Solutions traded up as much as 21% […]
Tesla climbed as much as 5% on Friday, marking an eleventh straight day of gains as the automaker’s massive rally continues further into the new year. The gains follow an 8% climb on Thursday that established CEO Elon Musk as the world’s wealthiest person and saw the company’s market cap […]
Chinese automaker Kandi’s shares sank as much as 30% on Monday after Hindenburg Research accused the company of faking sales to raise $US160 million from US investors. Shares in the company continued to slide in pre-market trading on Tuesday after the short-seller reported more than half of Kandi’s sales this […]
Tesla’s inclusion in the S&P 500 and its “sustained path to profitability” means the bull story is now all about an acceleration in demand for electric vehicles, according to a note from Wedbush. As global demand for EVs hits a tipping point, Tesla could surge 104% in a bull-case scenario […]