PTRA News and Press, Proterra Inc From 02/13/23

BURLINGAME, Calif., Feb. 13, 2023 (GLOBE NEWSWIRE) -- Proterra Inc (NASDAQ: PTRA), a leading innovator in commercial vehicle electrification technology, today announced the appointments of Julian Soell as Chief Operating Officer and Chris Bailey as Chief Business Officer effective March 1, 2023. ...

Summary Proterra is doing quite well from a sales perspective, with revenue continuing to rise. The firm has a significant amount of cash on hand to help it, but its fundamental condition is otherwise problematic. Profits and cash flows remain challenged and the company looks overva...

In what's becoming a wild ride for investors, clean energy stocks crashed this week. The market had been shifting back toward growth and higher-risk stocks early in 2023, but that momentum just reversed again. Shares of some of the riskier clean energy companies have been hit hardest. Accordi...

Summary Global electric car sales Dec. 2022 were an estimated 1.1 million+. China sales up 83% YoY to 30% share. Europe up 147% YoY to 38% share. US ~7% share. EV market news - UK's petrol and diesel sales eroded as EV sales surged 40% in 2022. China new-energy vehicle sales, shipments ...

Listen on the go! Subscribe to Wall Street Breakfast on Apple Podcasts and Spotify Activist Elliott Management said to take a large stake in Salesforce ( CRM ) - WSJ. Spotify ( SPOT ) plans dismissal of staff as soon as this week to cut costs. Abbott ( ABT ) ...

Proterra ( NASDAQ: PTRA ) announced late on Friday that it plans to concentrate electric bus and battery manufacturing at its larger South Carolina production facilities following an exit from the City of Industry, California plant by the end of 2023. The company said th...

Proterra Inc ( NASDAQ: PTRA ) announced plans to reduce its headcount as part of a restructuring of manufacturing operations on Wednesday evening. The California-based commercial EV manufacturer said that it will concentrate electric bus and battery manufacturing in South Caro...

BURLINGAME, Calif., Jan. 19, 2023 (GLOBE NEWSWIRE) -- Proterra Inc (NASDAQ: PTRA) today announced plans to concentrate electric bus and battery manufacturing at its larger South Carolina production facilities following an exit from the company’s City of Industry, CA, plant by the end of 20...

GREER, S.C., Jan. 12, 2023 (GLOBE NEWSWIRE) -- Proterra Inc (NASDAQ: PTRA), a leading innovator in commercial vehicle electrification technology, today announced that the company has produced the first Proterra Powered EV battery at its new Powered 1 battery manufacturing plant located in Greer, ...

Summary Global electric car sales Nov. 2022 were an estimated 1million+. China sales up 50% YoY to 35% share. Europe up 26% YoY to ~28% share. US ~6% share. EV market news - By 2029, electric vehicles could account for a third of the North American market and about 26% of vehicles produ...