Tesla's Earnings Swoon, Ford Ups Ante With F-150 Lightning Price Cuts, Fisker India-Bound And More: Biggest EV Stories Of The Week
Portfolio Pulse from Shanthi Rexaline
Tesla's Q2 earnings beat expectations but the stock fell by about 10% due to concerns about the quality of earnings and unclear margin outlook. Rivian is expected to exceed its full-year delivery guidance of 50,000 units, according to Mizuho analyst Vijay Rakesh. Nikola is selling its Phoenix Hydrogen Hub project to Fortescue Future Industries. Fisker confirmed it will produce 100 Fisker Extreme Vigyan Edition, an all-electric SUV, for the Indian market. Ford cut prices of all trims of its F-150 Lightning pickup truck, seen as a preemptive move ahead of Tesla's Cybertruck launch.
July 22, 2023 | 12:19 pm
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POSITIVE IMPACT
Fisker confirmed it will produce 100 Fisker Extreme Vigyan Edition, an all-electric SUV, for the Indian market.
Fisker's confirmation of its launch in the Indian market could positively impact the stock in the short term.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
Rivian is expected to exceed its full-year delivery guidance of 50,000 units, according to Mizuho analyst Vijay Rakesh.
The bullish commentary from Mizuho analyst Vijay Rakesh on Rivian's delivery guidance could positively impact the stock in the short term.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
NEUTRAL IMPACT
Ford cut prices of all trims of its F-150 Lightning pickup truck, seen as a preemptive move ahead of Tesla's Cybertruck launch.
Ford's price cuts for its F-150 Lightning could increase its competitiveness against Tesla's Cybertruck, but it's unclear how this will impact the stock in the short term.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
NEUTRAL IMPACT
Nikola is selling its Phoenix Hydrogen Hub project to Fortescue Future Industries, which could provide the capital and resources required to fully develop the project.
The sale of Nikola's Phoenix Hydrogen Hub project could provide the necessary capital and resources for its development, but it's unclear how this will impact the stock in the short term.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
NEGATIVE IMPACT
Tesla's stock fell by about 10% despite better-than-expected Q2 earnings and revenue, due to concerns about the quality of earnings and unclear margin outlook.
Investors are concerned about the quality of Tesla's earnings and the lack of clarity on the company's margin outlook, leading to a drop in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100