EV Startup EdisonFuture Unveils Tesla-Cybertruck-Like Solar Pickup
SPI Energy Co Ltd (NASDAQ: SPI)-owned pre-production electric vehicle startup EdisonFuture Inc unveiled a solar-powered pickup truck last week at the LA Auto Show.
EV Week In Review: Musk Tapers Stake Sale, Apple Car Chatter Resurfaces, XPeng Unveils New SUV, Rivian, Lucid Caught Up In Irrational Exuberance And More
EV stocks turned in mixed performances for the week ending Nov. 19. EV makers swayed to stock-specific news, while charging stocks pulled back amid profit taking following a strong week of gains.
Here are the key events that happened in the EV space during the week:
Why Ford Is Terminating Its Joint EV Development Plan With Rivian?
Ford Motor Company (NYSE: F), which is one of the early backers of EV startup Rivian Automotive, Inc. (NASDAQ: RIVN), is shelving its plan to develop an EV with the latter altogether.
Tesla Analyst Says It Could Take Half Of $5-Trillion EV Market, Raises Price Target
Tesla Inc (NASDAQ: TSLA) alone could grab half of the $5-trillion electric vehicle market opportunity in the coming years and leave more than 100 automakers fighting for the rest of the pie, according to Wedbush Securities.
UPDATE: ‘according to one of the drivers involved with testing [Rivian] vans, their range is more limited than what Rivian disclosed ahead of its…IPO’ -From TheInformation Article
https://www.theinformation.com/articles/amazons-testing-of-rivian-vans-reveal-questions-about-battery-power-and-cameras
Rivian Shares Pullback Sharply From Highs Amid Report ‘Amazon’s Testing of Rivian Vans Reveal Questions About Battery Power and Cameras’
https://www.theinformation.com/articles/amazons-testing-of-rivian-vans-reveal-questions-about-battery-power-and-cameras
Is Ford Planning To Sell Its Rivian Stake? Jim Cramer Weighs In
Rivian Automotive Inc (NASDAQ: RIVN) is the latest electric vehicle company to make its public debut.
54 Biggest Movers From Yesterday
Gainers
Longeveron Inc. (NASDAQ: LGVN) shares climbed 135.3% to close at $6.87 on Thursday. Longeveron said the FDA granted rare pediatric disease designation for the company’s Lomecel-B for the treatment of hypoplastic left heart syndrome.
Are Markets Overvaluing These 3 Stocks? LULU, NFLX, SQ
Two recent stock events have called into question how markets are pricing stocks. The first event is the OG meme stock, Tesla (NASDAQ: TSLA), hitting a one trillion-dollar market cap.