As of 1:00 PM EST, EV stocks are all gapping up with the U.S. listed Chinese EV maker Xpeng (+9.44%) leading the gains followed by Fisker (+8.01%) that will present its Ocean Model later this month in Barcelona (Spain) marking its European debut. Nio is, by far, the most traded stock among the EVs with 44M of Volume so far while Lucid Motors occupies the second place with 14M shares traded until now.
- Tesla is trading near intraday highs at $937.15, +1.68% higher from yesterday’s close.
- 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.
- Global Equities Research analyst Trip Chowdhry weighed in on Tesla after his latest round of factory checks, done on February 8th. Chowdhry noted production, shipping, and delivery momentum is “extremely solid” and said delivery activity in 1Q2022 is much stronger than 4Q’2021.
- Tesla said on Monday it received a subpoena from the U.S. securities regulator in November related to the SEC settlement that required top boss Elon Musk’s tweets on material information to be vetted, Reuters reported. Elon Musk’s company recorded around $101 million of impairment losses from changes in the value of their bitcoin holdings last year.
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- Shares of the Chinese EV maker Nio Inc. are trading +6.08% higher at $26.19, starting now filling the gap between $26 and $27.21.
- 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‘s target price indicates a potential upside of 41.73% from the company’s current price.
- Nio ET7 Model started yesterday being delivered to Nio’s showrooms in China ahead of the deliveries starting on March 28th.
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- 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.
- Yesterday, He Xiaopeng, Xpeng’s CEO, has filed an SC 13G/A form disclosing ownership of 348,708,257 shares of XPeng Inc. American depositary shares, each representing two Class A ordinary shares. This represents 21.1% ownership of the company. In their previous filing dated 2021-02-10 , He Xiaopeng had reported owning 391,752,537 shares, indicating a decrease of -10.99%.
- Last week, Swedish enthusiasts of the Chinese EV maker Xpeng, shared on Reddit photos of the new showroom in Sweden, the second European Market after entering Norway in late 2020 with the SUV G3 Model. Located in the Westfield Mall of Scandinavia (Stockholm), the new showroom is part of the automaker plans to enter Sweden, Denmark and the Netherlands during this year extending its European presence up to 4 countries.
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- Rivian shares are currently up 5.90% around intraday highs, around $65.
- Yesterday, 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 +3.65% higher at $28.43 with 14.53M of volume, the second on the EV list.
- Yesterday, Swiss National Bank added shares of the U.S. Automakers Rivian and Lucid.
- Lucid chairman told Bloomberg News that the EV maker is in talks with the kingdom to build a factory there by 2025 or 2026. “Now that we are successfully producing and selling cars in the U.S., our attention is turning to this factory here,” Lucid Chairman Andrew Liveris told Bloomberg Television at a mining conference in Riyadh. Specifics being worked out include ownership percentages for Lucid and partners on the project.
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- Fisker shares are trading +8.01% higher 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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