Tesla Stares At Q3 Deliveries Miss, Rivian Not Losing Sleep Over Cybertruck, Nio's Rumored German Tie-Up And More: Biggest EV Stories Of The Week
Portfolio Pulse from Shanthi Rexaline
The week ending on Sept. 29 saw mostly positive performance for electric vehicle (EV) stocks, despite a muted broader market. Tesla is preparing for its Q3 deliveries, with estimates adjusted due to production suspensions at its Giga Shanghai and Giga Texas plants. Rivian's CEO dismissed concerns over competition with Tesla's Cybertruck. Lucid Group opened its first international manufacturing plant in Saudi Arabia. Faraday Future's stock plummeted following its proposed stock sale. Nio is rumored to be exploring a partnership with Mercedes-Benz. The KraneShares Electric Vehicles and Future Mobility Index ETF ended the week up 0.73%.

September 30, 2023 | 2:53 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Faraday Future's stock plummeted following its proposed stock sale.
Faraday Future's proposed stock sale led to a significant drop in its stock, indicating negative investor sentiment.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
NEUTRAL IMPACT
Tesla's stock closed slightly higher for the week despite concerns over Q3 deliveries due to production suspensions. The upcoming Cybertruck continues to generate buzz.
Tesla's stock performance was positive despite concerns over Q3 deliveries and production suspensions. The upcoming Cybertruck is generating significant interest, which could potentially boost the stock.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
The KraneShares Electric Vehicles and Future Mobility Index ETF ended the week up 0.73%.
The positive performance of the KraneShares Electric Vehicles and Future Mobility Index ETF reflects the overall positive trend in the EV sector.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
Lucid Group opened its first international manufacturing plant in Saudi Arabia, following an agreement to sell up to 10,000 EVs over 10 years.
The opening of Lucid's first international manufacturing plant and the agreement to sell a significant number of EVs could potentially boost the stock.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Nio is rumored to be exploring a partnership with Mercedes-Benz, which could involve the German automaker investing in Nio and a technology exchange.
The rumored partnership with Mercedes-Benz, potentially involving investment and a technology exchange, could potentially boost Nio's stock.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Rivian's CEO dismissed concerns over competition with Tesla's Cybertruck, suggesting there isn't much overlap between the two vehicles. The company is also considering launching affordable EVs.
Rivian's CEO's dismissal of competition with Tesla's Cybertruck and the hint at launching affordable EVs could potentially boost investor confidence and the stock.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80