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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 Tesla Inc. (TSLA) rallied 3.43% to $1,114.00 Friday 2021.10.29 33
127 Cathie Wood's ARK Invest Posts Fund file 2021.11.02 34
126 Tesla short-sellers took a $1 billion hit after earnings 2022.07.24 34
125 CFRA, 테슬라 [적극매수- STRONG BUY]로 등급 상향 2022.08.18 34
» EV Week In Review 2021.10.23 35
123 Tesla (TSLA) is launching a new shareholder platform to manage its large investor base 2022.07.26 35
122 Jeff Bezos' Blue Origin Loses Lawsuit Against NASA Over SpaceX Lunar Lander file 2021.11.04 35
121 Cathie Wood's ARK Invest Posts Fund Purchases For Wednesday, Nov. 3, 2021 file 2021.11.04 35
120 Cramer Suggests Tesla Since 'They're Also In The Lithium Business' 2022.08.24 35
119 (FUBO) fuboTV 2021.08.03 36
118 Tesla's Giga Shanghai To Resume Operation Beginning Monday Following Protracted Shutdown: Report file 2022.04.15 36
117 [테슬라] 저평가 종목 $1100이 적정수준 2022.06.14 36
116 Who owns Tesla stock? 2022.08.15 36
115 (OPEN) Opendoor Technologies 2021.08.03 37
114 Ultragenyx Pharmaceutical 2022.02.17 37
113 Asian shares fall in thin trading after rout on Wall St 2022.05.01 37
112 [일런머스크] 트위터 인수 포기 2022.07.08 37
111 Tesla (TSLA) secures deal for $5 billion worth of nickel in Indonesia, says official 2022.08.08 37
110 Elon Musk Plans Crusade On Twitter Spam And Bots — New Data Reveals The Size Of His Problem 2022.05.02 38
109 Musk Makes a Big Promise After Selling Millions of Tesla Shares 2022.04.29 38
108 Texas Clogs Ports of Entry as State Forces Attention on Illegal Immigration 2022.04.11 39
107 Why Tesla Stock Fell Sharply on Friday 2021.03.26 40
106 Elon Musk Sells Around $5 Billion in Tesla Stock file 2021.11.10 40
105 Petco poised for growth after business shift to pet wellness from pet food 2021.02.09 41
104 Elon Musk sold around $4 billion worth of Tesla shares as he moved to buy Twitter file 2022.04.28 41
103 Elon Musk sells $1 million worth of new perfume, 'Burnt Hair' 2022.10.12 41
102 Jim Cramer has some thoughts on the markets. 2021.03.22 42
101 Analyst Stays Bullish on Tesla Stock. That’s Helping to Fuel a 3-Day Rally. 2022.05.27 42
100 Bill Gates has a short position against Tesla Inc. 2022.05.27 42
99 Benzinga's Bulls And Bears Of The Week 2021.04.03 43