Elon Musk Loses It (And About US$12 Billion) As Tesla Gets Kicked Off S&P ESG Index
Tesla (NASDAQ: TSLA) shares fell 6.8% on Wednesday, making CEO, and also the world’s wealthiest person, Elon Musk, poorer by
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Automotive
Taiga Motors Records Inaugural Revenue, $9.1 Million Net Loss In Q1 2022
Taiga Motors Corporation (TSX: TAIG) announced today its financial results for Q1 2022. The firm recorded revenue from its inaugural deliveries
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Lordstown Motors Finalizes Accord with Foxconn – But Cash Sufficiency Issues Remain
On May 11, Lordstown Motors Corp. (NASDAQ: RIDE) finally reached an agreement with Hon Hai Technology Group (better known as Foxconn, the
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Canoo Reports Another High Cash-Burn Quarter; Adds “Going Concern” Language to SEC Filings
Generally speaking, the current skeptical stock market environment is not the most propitious backdrop for a start-up electric vehicle manufacturer. After
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Rivian Reports 1Q 2022 Results; Maintains 2022 Production Guidance and Cash Flow Loss Forecast
After the market close on May 11, Rivian Automotive, Inc. (NASDAQ: RIVN) reported 1Q 2022 earnings, which, as expected, included a modest
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Tesla Stops Nearly All Production at Shanghai Factory Amid Parts Shortages
Tesla (NASDAQ: TSLA) has reportedly suspended nearly all production at its Shanghai factory, after running into shortages of input materials.
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Rivian Falls Over 18% In Pre-Market Trading Following IPO Share Unlock
Rivian Automotive (NASDAQ: RIVN) is currently in freefall mode in premarket trading. The tumble follows reports that major investors, including
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Lucid Group Reports 1Q 2022 Results; Maintains 2022 Production Guidance; Stock Still Looks Quite Expensive
On May 5, Lucid Group, Inc. (NASDAQ: LCID) announced 1Q 2022 results. As expected, the company reported modest revenue of US$58 million in
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Magna: BMO Reiterates Targets, Calls Q1 Results Mixed
Last week Magna International (TSX: MG) posted its first quarter financial results. The company reported total sales of $9.6 billion,
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NIO Sees Decline In Deliveries In April 2022, Delivers 5,074 Electric Vehicles
NIO Inc. (NYSE: NIO) reported on Sunday that it has delivered a total of 5,074 electric vehicles during the month
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