The EV Legend Is In the Works
Portfolio Pulse from Upwallstreet
Panasonic and Tesla are increasing battery factory production, while Tesla's Cybertruck is set to be delivered by Q3 2021. Worksport improved its COR portable energy system, Volkswagen announced the all-electric ID.Buzz, and Stellantis is investing €160 million in EV production.
June 07, 2023 | 7:55 pm
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POSITIVE IMPACT
Stellantis is investing €160 million in EV production, ramping up its Rennes factory for electric SUV production.
Stellantis' investment in EV production demonstrates its commitment to the growing market and could help the company compete with Tesla. This positive news could have a short-term positive impact on Stellantis' stock price.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
Tesla and Panasonic are increasing battery factory production, and Tesla's Cybertruck is set to be delivered by Q3 2021.
Increased battery production will help Tesla meet the growing demand for its electric vehicles, while the Cybertruck delivery timeline will keep investors and customers engaged. Both factors are positive for Tesla's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Volkswagen announced the all-electric ID.Buzz, a modern yet nostalgic electric microbus set to be available in 2024.
The announcement of the all-electric ID.Buzz showcases Volkswagen's commitment to the EV market and could attract nostalgic customers. This positive news could have a short-term positive impact on Volkswagen's stock price.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 100
POSITIVE IMPACT
Worksport has improved the quality and power of its COR portable energy system, which could disrupt the EV race.
The improved COR portable energy system could give Worksport a competitive edge in the EV market, attracting more customers and partnerships. This could positively impact the company's stock price in the short term.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 100