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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
68 NVIDIA Corp. Stock Rises Friday, Outperforms Market 2022.02.04 58
67 Elon Musk Says Tesla's Latest Patent Is 'A Bigger Win Than It May Seem' 2022.02.04 56
66 Tesla recalls 817,000 vehicles in U.S. over seat belt reminder alert 2022.02.04 56
65 Shift to EVs for Rental-Car Companies file 2021.11.27 94
64 Tesla increases prices globally file 2021.11.24 89
63 Infineon Calls For What Palantir Already Has 2021.11.20 53
62 Why Insider Transactions Are Important file 2021.11.17 44
61 Tesla (TSLA) secures new 197 MWh Megapack 2021.11.17 47
60 Tesla Begins To Put Starlink Antennas At Supercharger Stations file 2021.11.14 25
59 Elon Musk Sells Around $5 Billion in Tesla Stock file 2021.11.10 40
58 Rivian Prices IPO at $78, Valuing the Company at $70 Billion file 2021.11.09 52
57 Tesla closed down 11.99% at $1,023.50 file 2021.11.09 30
56 Cathie Wood's ARK Invest Posts Fund Purchases For Wednesday, Nov. 3, 2021 file 2021.11.04 35
55 Jeff Bezos' Blue Origin Loses Lawsuit Against NASA Over SpaceX Lunar Lander file 2021.11.04 35
54 Cathie Wood's ARK Invest Posts Fund file 2021.11.02 34
53 Cathie Wood Sells Another $94M In Tesla And Buys These Stocks Instead file 2021.11.02 30
52 Elon Musk Is Now Worth More Than Jeff Bezos And Mark Zuckerberg Combined file 2021.11.01 32
51 Cathie Wood's ARK Invest Posts Fund Purchase TWLO 2021.10.29 28
50 Tesla Inc. (TSLA) rallied 3.43% to $1,114.00 Friday 2021.10.29 33
49 Hertz placed an order for 100,000 Tesla EV cars 2021.10.25 30
» EV Week In Review 2021.10.23 35
47 Trump’s new social media SPAC is soaring. file 2021.10.23 26
46 About Jaws Spitfire Acquisition Corp 2021.09.14 90
45 (ORCL) Oracle 2021.09.10 51
44 (ZS) Zscaler Inc 2021.09.10 46
43 Zscaler, Inc. (ZS) Management Presents at Deutsche Bank Technology Conference 2021 2021.09.10 345
42 China bans Videogame 2021.08.31 107
41 (ATVI) Activision Blizzard file 2021.08.03 51
40 (AAPL) Apple file 2021.08.03 43
39 (TSLA) Tesla file 2021.08.03 46