Rivian Notches Biggest Jump In California New BEV Registrations, Tesla Maintains Lead
Portfolio Pulse from Anan Ashraf
Battery electric vehicles (BEVs) accounted for 21.5% of new vehicle registrations in California for the first nine months of 2023, nearly three times the national average. Tesla Inc (NASDAQ:TSLA) led the pack with 183,278 registrations, followed by General Motors Co (NYSE:GM) with 15,152. Rivian Automotive Inc (NASDAQ:RIVN) saw the biggest jump in registrations, up 176.8% to 6,740 units. Toyota Motor Corp (NYSE:TM) remains the best-selling automaker overall.
November 02, 2023 | 11:42 am
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Rivian saw the biggest jump in registrations, indicating increasing demand for its BEVs.
Rivian's significant increase in registrations indicates increasing demand for its BEVs, which could positively impact its stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Toyota remains the best-selling automaker overall, indicating strong demand for its vehicles.
Toyota's position as the best-selling automaker indicates strong demand for its vehicles, which could positively impact its stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Tesla led the BEV registrations in California, indicating strong demand for its products.
Tesla's leading position in BEV registrations in California indicates strong demand for its products, which could positively impact its stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
General Motors had significantly fewer registrations than Tesla, indicating less demand for its BEVs.
General Motors' significantly lower number of registrations compared to Tesla indicates less demand for its BEVs, which could negatively impact its stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80