North America Is Advancing With Its EV Power-Shift Efforts
Portfolio Pulse from Upwallstreet
Rivian Automotive Inc. (RIVN) reported Q4 deliveries, meeting annual targets despite a quarterly drop. Tesla Inc. (TSLA) exceeded expectations with strong Q4 deliveries and annual production, maintaining its lead in battery-only EVs over BYD. Worksport Ltd. (WKSP) announced a partnership with NeuronicWorks for its COR portable battery system, emphasizing its commitment to North American manufacturing. Tesla and Rivian are set to discuss Q4 results on January 24th and February 21st, respectively, shedding light on the US's position in the EV market.
January 03, 2024 | 2:47 pm
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NEUTRAL IMPACT
Rivian met its annual production target with 57,232 vehicles, despite a 10.2% drop in Q4 deliveries compared to Q3. The company is set to discuss Q4 results on February 21st.
Rivian's meeting of annual targets is positive, but the Q4 delivery drop may concern investors. Upcoming earnings call could provide clarity and influence stock price.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Tesla exceeded Q4 delivery expectations and met its annual goal with 1.8 million EVs, defending its lead in battery-only EVs. It will discuss Q4 results on January 24th.
Tesla's strong performance and upcoming earnings call are likely to boost investor confidence and potentially the stock price in the short term.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 90
POSITIVE IMPACT
Worksport announced a strategic partnership with NeuronicWorks for its COR portable battery system, reinforcing its 'Made-in-North-America' commitment.
The partnership announcement is a positive development for Worksport, signaling growth in its cleantech offerings, which may positively impact its stock price.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 70