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Volkswagen ( OTCPK:VWAGY ) is said to be considering launching an initial public offering for its Porsche ( OTCPK:POAHY ) sports car business as soon as September. The German car maker is aiming to list Porsche in October at the earliest, according to a Bloomberg report. P...
The U.S. government has woken up to both the geopolitical and strategic needs for North American lithium mining, lithium refining, and battery production. Many U.S. and Canadian projects will receive government backing via loans and grants. Lithium via clay is the new kid on the b...
Supply of semiconductor chips remains tight as Ford bucks industry trend with 1.8% YOY increase for Q2 vehicle sales. Ford shares are off 18% in the past month as investors increasingly price in rising risk of recession. Demand for battery-electric vehicles continues to gain slowl...
At the G7 meeting last week, the group agreed on banning Russian gold imports, while working on a mechanism to cap the price of Russian crude oil. Essentially, the G7 is trying to create a “buyer’s cartel” to set a cap on the price of Russian crude oil. After U.S....
Tesla is down >40% YTD, but the stock is still very expensive - trading at >x50 P/E, >x8 P/S and >x15 P/B. Tesla's 3-year CAGR expectation of 25% is by far the highest when compared to the FAAMG universe and approximately 600% higher than the S&P's 4% estimate. But...
The TAM for global truck freight is large and there are many issues that the industry faces that points towards the need for disruptors like TuSimple. TuSimple is a clear global leader in autonomous trucks with a first mover advantage in driverless L4 autonomous trucks and it has inno...
Global electric car sales for May 2022 - Up 55% YoY, reaching 12% share. China sales up 109% YoY to 31% share. Europe sales up 3% YoY to 19% share. EV market news - EU nations approve end to combustion engine sales by 2035. BYD says shift to EVs moving “much faster” than...
Supply frictions, including new disruptions from the war in Ukraine, have turned the European truck market upside down. Lead times are exceptionally long, and truck registrations are expected to slide again in 2022. With order books reaching far into next year, we expect a delayed...
InvestorPlace - Stock Market News, Stock Advice & Trading Tips Nio (NYSE: NIO ) stock can’t seem to catch a break. Down more than 50% over the past year, including a pullback of nearly 30% so far in 2022, shares of the Chinese electric vehicle maker is now trading a...
In recent months, automotive startups have faced a stark valuation reality check, and the virtual closure of the SPAC funding route reflects far greater scrutiny from investors. Automakers like VW have traded inexpensively relative to their earnings for many years. Global automake...
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2024-07-25 04:53:00 ET While share prices of Rivian (NASDAQ: RIVN) remain down on the year, a spate of good news has helped the stock solidly rally off its lows. The stock is still down over 25% on the year, but its price has now more than doubled from its recent lows. With Rivi...