As of 1:26 PM EST, most of the EV stocks are on positive territory although they’re losing some earlier gains pressured by the Futures and the Russia – Ukraine tensions. The American electric truck maker Rivian Automotive leading the intraday gains (+8.55%) followed by Lucid Motors (+7.76%) that will have the Earnings Conference on February 28th with a Q&A Platform to answer the most upvoted questions by investors. Nio and Lucid are — so far — the most traded stocks among the EVs with 28M of Volume each one.
- The electric truck maker’s stock rose +12% earlier today and is now trading +8.55% higher ($63.88) after Soros Fund Management investment of nearly 20 million shares ($2B) during last quarter.
- Last week, Swiss National Bank added shares of the U.S. Automakers Rivian and Lucid.
- Mizuho Securities analyst Vijay Rakesh maintained a Buy rating on Rivian Automotive ( Research Report) on January 12 and set a price target of $145.00.
- Recently, Rivian said it expects to soon be delivering as many as 200 electric R1T pickup trucks per week – quadrupling its production rate from where it was some weeks ago, and putting it on track to surpass 10,000 pickups manufactured this year.
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- Lucid shares are trading +7.76% higher at $27.85 with 28M of volume, the second on the EV list.
- Lucid announced today that will host a conference call to discuss its fourth quarter and fiscal year 2021 financial results on Monday, February 28, 2022, at 2:30 pm PT / 5:30 pm ET. Prior to the conference call, the company will issue an earnings press release with a link to the live webcast on its investor relations website, ir.lucidmotors.com.
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- Tesla is trading at $881.17, up +2.46% on the day, after reaching $898.88 during the first hours of the session.
- Earlier today, Tesla has announced that non-Tesla vehicles can now charge at all Superchargers in the Netherlands via the Tesla app.
- Last Friday, on the Spike’s Car Radio, Tesla Design Chief spoke about the new Roadster: “We’re working on it; In the time we’ve been developing it,we’ve also been learning a lot. Plaid’s a great learning platform that all these experiences will make its way back into a much better Roadster than had we launched right after we debut.” Listen to the full interview HERE.
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- Shares of the Chinese EV maker Nio Inc. are trading +0.66% lower at $23.94, after recovering in a day with huge volatility for Stock Market. So far, Nio has 28M of volume.
- Barclays Analyst Jiong Shao initiated yesterday coverage on Nio shares in a report released. The brokerage set an “overweight” rating and a $34.00 price target on the stock. Barclays’ price target indicates a potential upside of 41.73% from the company’s current price.
- Nio ET7 Model started being delivered to Nio’s showrooms in China ahead of the deliveries starting on March 28th.
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- Xpeng Motors shares are also slightly lower on the day, with the shares being down -0.83% with only 4 million shares traded so far.
- Last week, the electric vehicle manufacturer Xpeng Motors opened its first showroom in Sweden located at the Stockholm Westfield Mall. The first pictures of the showroom leaked recently on Reddit Forum. Sweden is the second European Market for Xpeng after entering Norway in late 2020 with the SUV G3 Model. In this year, the company will enter Sweden, Denmark and the Netherlands extending its European presence up to 4 countries.
- Xpeng is leading the EV Sector gains with an increase of 9.51% ($40.71) after today’s announcement that the Company’s Ordinary Shares, which trade on The Stock Exchange of Hong Kong Limited (“HKEX”), are included in the Shenzhen-Hong Kong Stock Connect programs, effective on February 09, 2022, according to the announcement issued by the Shenzhen Stock Exchange.
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- Despite the SuperBowl Ad streamed yesterday for +100 Million people around the world, $GGPI stock is currently down -1.07% at $11.13.
- The company revealed last week that would have a 30-second spot in the first quarter of the game. This was the first time Polestar advertised during such an internationally watched and recognized sporting event.
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- Fisker shares are flat with a +0.35% increase on the day ahead of its SUV in Europe later this month.
- The company will stage the European debut of its all-electric Fisker Ocean SUV at Mobile World Congress in Barcelona.
- The Fisker Ocean will start deliveries in certain European countries and North America following the vehicle’s start of production in November 2022. Fisker recently opened a European office in Munich and is building a brand experience centre in Germany, with other European countries to follow. Fisker recently announced a comprehensive plan to deliver high-quality service, including Fisker Mobile Service, at multiple locations in European launch countries.
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