Sustainability is in right now. Just look at Tesla and its EVs — the company, founded by mercurial technopreneur Elon Musk, had a stock price of around $88 at the beginning of 2020. The company's shares are now worth north of $700, and other automakers have been paying notice.
The trading week is off to a sort of “delayed dog days of summer” start. Investors might want to be cautious, with a relatively quiet earnings week and a Friday inflation report as the sole “big number” on the calendar. A lack of an obvious catalyst could make for a volatile week, and despite a flat start to U.S.
EV stocks had a mixed outing in the week ending Sept. 3. The global semiconductor shortage was back in the headlines following warnings by EV makers, and after a brief pause, Apple, Inc. (NASDAQ: AAPL) Car chatter grew louder during the week.
Allison Transmission Holdings Inc (NYSE:ALSN) has been selected by Hino Trucks, a Toyota Motor Corp (NYSE:TM) company, as its e-Axle development partner…