Tesla Big Winner Of UAW Strike, Rivian Stands Tall Among Startups, Nikola CEO Calms Nerves And More: Biggest EV Stories Of The Week
Portfolio Pulse from Shanthi Rexaline
Electric vehicle (EV) stocks saw gains this week, with Tesla (TSLA) benefiting from an upgrade by Morgan Stanley and the potential of its Dojo supercomputer. Tesla's Giga Mexico construction could start soon, and the company is planning to raise $1.8 billion through securitization of its electric car leases. Nikola (NKLA) CEO Steve Girsky addressed concerns over a recall of its battery-electric trucks, stating it does not affect production or deliveries of the fuel-cell electric vehicle. Rivian (RIVN) held its own in the EV market, with registrations for its vehicles increasing in July. Faraday Future (FFIE) saw a jump in shares after a video of a reality TV personality taking delivery of his FF 91 2.0 Futurist Alliance. Volkswagen (VWAGY) plans to cut staff due to low demand for electric cars.
September 16, 2023 | 1:05 pm
News sentiment analysis
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NEGATIVE IMPACT
Volkswagen plans to cut staff due to low demand for electric cars.
The planned staff cuts due to low demand for electric cars could negatively impact investor confidence in Volkswagen, potentially leading to a drop in the stock price in the short term.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
NEUTRAL IMPACT
Nikola's CEO addressed concerns over a recall of its battery-electric trucks, stating it does not affect production or deliveries of the fuel-cell electric vehicle.
The CEO's clarification about the recall not affecting production or deliveries could alleviate investor concerns, potentially stabilizing the stock price in the short term.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Faraday Future saw a jump in shares after a video of a reality TV personality taking delivery of his FF 91 2.0 Futurist Alliance.
The positive publicity from the video could increase investor interest in Faraday Future, potentially leading to a rise in the stock price in the short term.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Rivian held its own in the EV market, with registrations for its vehicles increasing in July.
The increase in vehicle registrations indicates strong demand for Rivian's products, which could boost investor confidence and lead to a potential rise in the stock price in the short term.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Tesla's stock gained this week due to an upgrade by Morgan Stanley and the potential of its Dojo supercomputer. The company's Giga Mexico construction could start soon, and it is planning to raise $1.8 billion through securitization of its electric car leases.
The positive news surrounding Tesla, including the upgrade by Morgan Stanley and the potential of its Dojo supercomputer, could lead to increased investor confidence and a potential rise in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100