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EV Week In Review

admin 2021.10.23 22:38 Views : 35

EV manufacturers had a robust outing the week ending Oct. 22, thanks to Tesla, Inc. (NASDAQ: TSLA)'s strong quarterly report. Most other green energy stocks, however, meandered through the week to close in the red.

Here are the key events that happened in the EV space during the week:

Tesla Pushes Toward $1T Market Cap With Q3 EPS Beat: The EV giant reported record third-quarter revenues and above-consensus earnings per share, with the results driven by margin expansion and strong topline growth.

Impressed with the margin expansion story, sell-side analysts scrambled to raise their price targets for Tesla shares. Their optimism was, however, laced with caution, as some of the breed opined that the shares are priced to perfection.

Tesla shares have been on a bull run in recent sessions. The stock rose to a record intraday high of $910 Friday before giving back some of its gains. At $910, Tesla's valuation swelled to $908 billion.

Lucid Sets Sights Beyond U.S. and Canada: Lucid Group, Inc. (NASDAQ: LCID), which set up its first retail location in Canada earlier this month, is contemplating a foray into more geographies. CEO Peter Rawlinson reportedly said the Tesla slayer plans to launch its Lucid Air EV sedans in the Middle East and Europe in 2022.

The company also aims to launch its EVs in the highly-competitive Chinese market in 2023.

Nio Day 2021 Itinerary Out: Nio, Inc. (NYSE: NIO) confirmed last week it will hold its Nio Day 2021 at the Olympic Sports Center in Suzhou, China on Dec. 18. The annual event is keenly watched as the company uses it as a platform for important product and services announcements.

The Nio Day 2020 was delayed to Jan. 9, 2021 due to the pandemic, and in the first trading session following the event, the stock shot up to its all-time high of $69.99.

Wedbush: 'Bar is High' Ahead of Tesla (TSLA) Earnings

No. Subject Date Views
128 Benzinga's Bulls And Bears Of The Week 2021.04.03 43
127 Removal of EV Tax Credit Ceiling Could Bode Well for Tesla -- Market Talk 2021.04.05 163
126 China Car Sales Soar to Pre-Pandemic Levels; Tesla has its best month in the country, as demand for electric vehicles stand out in the market 2021.04.09 113
125 Tesla 'Bringing A Machine Gun To A Knife Fight,' Canaccord Genuity Analyst Says 2021.04.12 72
124 Here's Why Tesla, Moderna, Peloton And Zoom Are Moving 2021.04.13 313
123 (FUBO) fuboTV 2021.08.03 36
122 (OPEN) Opendoor Technologies 2021.08.03 37
121 (SOFI) SoFi Technologies file 2021.08.03 33
120 (TSLA) Tesla file 2021.08.03 46
119 (AAPL) Apple file 2021.08.03 43
118 (ATVI) Activision Blizzard file 2021.08.03 51
117 China bans Videogame 2021.08.31 107
116 Zscaler, Inc. (ZS) Management Presents at Deutsche Bank Technology Conference 2021 2021.09.10 345
115 (ZS) Zscaler Inc 2021.09.10 46
114 (ORCL) Oracle 2021.09.10 51
113 About Jaws Spitfire Acquisition Corp 2021.09.14 90
112 Trump’s new social media SPAC is soaring. file 2021.10.23 26
» EV Week In Review 2021.10.23 35
110 Hertz placed an order for 100,000 Tesla EV cars 2021.10.25 30
109 Tesla Inc. (TSLA) rallied 3.43% to $1,114.00 Friday 2021.10.29 33
108 Cathie Wood's ARK Invest Posts Fund Purchase TWLO 2021.10.29 28
107 Elon Musk Is Now Worth More Than Jeff Bezos And Mark Zuckerberg Combined file 2021.11.01 32
106 Cathie Wood Sells Another $94M In Tesla And Buys These Stocks Instead file 2021.11.02 30
105 Cathie Wood's ARK Invest Posts Fund file 2021.11.02 34
104 Jeff Bezos' Blue Origin Loses Lawsuit Against NASA Over SpaceX Lunar Lander file 2021.11.04 35
103 Cathie Wood's ARK Invest Posts Fund Purchases For Wednesday, Nov. 3, 2021 file 2021.11.04 35
102 Tesla closed down 11.99% at $1,023.50 file 2021.11.09 30
101 Rivian Prices IPO at $78, Valuing the Company at $70 Billion file 2021.11.09 52
100 Elon Musk Sells Around $5 Billion in Tesla Stock file 2021.11.10 40
99 Tesla Begins To Put Starlink Antennas At Supercharger Stations file 2021.11.14 25