XPEV - Tesla Big Winner Of UAW Strike Rivian Stands Tall Among Startups Nikola CEO Calms Nerves And More: Biggest EV Stories Of The Week | Benzinga
Electric vehicle stocks capitalized on the strength seen in the broader market, with most advancing solidly for the week. EV pioneer Tesla, Inc. (NASDAQ:TSLA) gained early on as Morgan Stanley’s Adam Jonas upgraded the stock and raised the price target to $400, citing the potential of the Dojo supercomputer.
Here are the key events that happened in the EV space during the week:
Tesla Giga Mexico Update, EV Leases Securitization Plan And More: Governor of Nuevo León, Samuel Garcia Sepulveda, recently said an Instagram post that Tesla’s Giga Mexico construction could start soon, Teslarati reported. This could allay fears concerning the potential delay in the Giga Mexico construction shared by Tesla’s China suppliers and Mexican media outlets.
Tesla could be targeting a raise of $1.8 billion through the securitization of its electric car leases, media reports said, citing a Fitch Ratings presale report. This will likely involve conversion of a significant portion of Tesla leases into bonds, with the company planning to generate interest in about $1 billion of notes divided into five classes of bonds, rated from Triple A to Double A. Lower-rated tranches, however, will not be offered for sale.
This week, Tesla removed the Model Y rear-wheel drive standard range version from its U.S. website. Commenting on the development, Future ...