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Summary Global electric car sales August 2022 - Up 60% YoY to 15% share. China sales up 92% YoY to 30% share. Europe up 3% YoY to 21% share. US ~6% share. EV market news - BloombergNEF: More than half of US car sales will be electric by 2030. IEA: Global "EVs to account for 60% of...
Summary Qualcomm noted that its automotive design win pipeline rose by over $11 billion in about four months to reach $30 billion. This strong acceleration of design wins and high confidence in reaching over $4 billion in revenues by FY26 demonstrate the importance of the auto seg...
Polestar Automotive Holding (NASDAQ: PSNY) , a Swedish electric vehicle (EV) maker that was spun off from Geely 's (OTC: GELYY) Volvo (OTC: VLVL.Y) , went public this June by merging with a special-purpose acquisition company (SPAC). Polestar's stock opened at $1...
The SUV for the electric age - Polestar 3 premieres on 12 October PR Newswire GOTHENBURG, Sweden , Sept. 28, 2022 /PRNewswire/ -- Polestar (Nasdaq: PSNY) will premiere its first SUV, Polestar 3, at a launch event on 12 October 2022 in Copenhagen, De...
InvestorPlace - Stock Market News, Stock Advice & Trading Tips Hertz (NASDAQ: HTZ ), the rental car company that represented one of the most devastated organizations following the coronavirus pandemic, is firing back on all cylinders as it makes its pivot to electric vehicles (EVs)...
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Polestar Automotive Holding ( NASDAQ: PSNY ) plummeted to a new low on Monday, extending losses for the Swedish EV manufacturer. Shares of the Gothenburg-based partner of Volvo Cars fell about 5% to an intraday low of $5.65, the lowest on record for the 2022 IPO. The...
Summary Polestar's shares have fallen since SPAC deal completed. Rising yields make potential capital raise more difficult. Lower gas prices and Inflation Reduction Act may pressure sales. Roughly three months ago, I discussed why investors should wait before buy...
Tesla is widely known as the largest manufacturer of electric vehicles (EVs) in America, selling 228,700 EVs through the second quarter of 2022. But it might surprise you to learn that Ford Motor Company (NYSE: F) is second. That sounds impressive until you learn that the Dearbo...
InvestorPlace - Stock Market News, Stock Advice & Trading Tips Source: Shutterstock Chips stocks aren’t doing so hot on Thursday after the U.S. reportedly introduced new bans on sales to China and Russia. This ban keeps chipmakers from selling certain types of products ...
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Polestar (Nasdaq: PSNY) is once again at Goodwood Festival of Speed showing its expanded model line-up with the new Polestar 3 and Polestar 4 electric SUVs joining the Polestar 2 centre stage. Star of the show is the Polestar Concept BST, making its global debut at the famous motoring festival. I...
Polestar (Nasdaq: PSNY) has received notice from the Nasdaq Stock Market LLC that the Company is not currently in compliance with the $1.00 minimum bid price requirement, as set forth in Nasdaq Listing Rule 5450(a)(1). This press release features multimedia. View the full release here: http...