Tesla Analyst's Tempered Q3 Expectations, Lucid CEO's Fat Paycheck, Nikola's Nagging Fire Incidents And More: Biggest EV Stories Of The Week
Portfolio Pulse from Shanthi Rexaline
The week ending on Sept. 8 saw a general downtrend in electric vehicle (EV) stocks, with some exceptions like Tesla. Key events included Tesla's Giga Shanghai plant producing its 2 millionth vehicle, and the company's focus on robotaxis. Deutsche Bank flagged risks to Tesla's Q3 production and deliveries. Lucid Group's CEO was reported as the highest paid automotive CEO in 2022, while the company struggles with production and deliveries. Fisker plans to increase production of its Ocean electric SUV. Nikola faced more fire incidents with its Trey electric semi-trucks. Honda adopted Tesla's North American Charging Standard for its future EV models.
September 09, 2023 | 2:40 pm
News sentiment analysis
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NEGATIVE IMPACT
Lucid Group's CEO was reported as the highest paid automotive CEO in 2022, while the company struggles with production and deliveries.
The high CEO compensation amid company struggles could negatively impact investor sentiment.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100
NEGATIVE IMPACT
Nikola faced more fire incidents with its Trey electric semi-trucks.
The fire incidents could negatively impact investor sentiment and the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
Tesla's Giga Shanghai plant hit a production milestone and the company is focusing on robotaxis. However, Deutsche Bank flagged risks to Tesla's Q3 production and deliveries.
The production milestone at Giga Shanghai is a positive sign, but the flagged risks for Q3 could negatively impact the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Fisker plans to increase production of its Ocean electric SUV.
The planned production increase could positively impact the stock.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100
POSITIVE IMPACT
Honda adopted Tesla's North American Charging Standard for its future EV models.
The adoption of Tesla's charging standard could positively impact the stock.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100