Rivian Rolls Out 2024.23 Software Update: Here’s What it Includes
Written by Cláudio Afonso | LinkedIn | X Electric vehicle (EV) maker Rivian started on Tuesday the rollout of its latest over-the-air (OTA) software update, version 2024.23, for both R1 models (R1S and...
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Canoo CFO Says the Stock “Has Not Performed Well”, Cites Elon Musk
Written by Cláudio Afonso | LinkedIn | X Canoo, which defines itself as a technology equipment manufacturer (TEM), participated on Wednesday in a webinar hosted by investment firm Force Family Office,...
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Canoo Announces Offering of 13.7 Million Shares in Agreement with Yorkville...
Written by Cláudio Afonso | LinkedIn | X Canoo, the electric vehicle startup, announced late Wednesday an offering of up to 13,719,850 shares of its common stock. The shares closed the after-market...
View ArticleNikola Regains Compliance with Nasdaq Following Reverse Stock Split
Written by Cláudio Afonso | LinkedIn | X The US-based startup Nikola announced on Wednesday it has has regained compliance with Nasdaq Listing Rule 5450(a)(1), which requires that listed companies...
View ArticleLucid Motors to Introduce 5 Miles Per kWh Vehicle “Very Soon”, CEO Says
Written by Cláudio Afonso | LinkedIn | X Hours before the start of the iconic Goodwood Festival of Speed, Lucid Motors’ chief executive, Peter Rawlinson, sat down with Bloomberg to discuss the upcoming...
View ArticleCanoo CFO Says It’s “Premature” to Give 2025 Production Guidance
Written by Cláudio Afonso | LinkedIn | X The Torrance-headquartered Canoo participated in a webinar hosted by investment firm Force Family Office on Wednesday. During the event, the company’s CFO Greg...
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Lucid CEO Admits the EV Maker Needs to Raise More Money
Written by Cláudio Afonso | LinkedIn | X Lucid Motors’ chief executive, Peter Rawlinson, sat down on Thursday morning with Bloomberg to discuss the upcoming SUV Gravity, the battery technology and the...
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Audi Claims Its SUV Outperforms Nio’s in…Water Crossing Capability
Written by Cláudio Afonso | LinkedIn | X The electric vehicle (EV) competition in China has been increasing over the last months — and years — with the German legacy manufacturers having a tough time...
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Tesla Stock Declines 10% Following Robotaxi Event Delay to October
Written by Cláudio Afonso | LinkedIn | X Tesla is delaying the event where it is expected to unveil its Robotaxi from August 8 until October, according to a report from Bloomberg. Earlier this year,...
View ArticleVinFast Shares Surge Amid $250M Loan Talks for Indonesian Plant
Written by Cláudio Afonso | LinkedIn | X The Vietnamese electric vehicle (EV) maker VinFast is reportedly seeking a bank loan of approximately $250 million to support the construction of its new...
View ArticleLucid Shares Rise as Cantor Fitzgerald Analyst Sees 27% Upside Potential
Written by Cláudio Afonso | LinkedIn | X Lucid Motors delivered 2,394 vehicles in the second quarter of the year, while production numbers stood at 2,110 units, beating expectations from Wall Street...
View ArticleFaraday Future Founder Names Tesla “The Only Dominant EV Player” in U.S.
Written by Cláudio Afonso | LinkedIn | X In a new video shared on Thursday, the founder of the electric vehicle (EV) startup Faraday Future commented on the EV market comparing China, the United States...
View ArticleTesla Launches New Rear-Wheel Drive Model 3 Variant in U.S.
Written by Cláudio Afonso | LinkedIn | X Tesla introduced a new rear-wheel drive variant of its Model 3 long-range in the U.S. market, priced $5,000 lower than the all-wheel drive version and $3,500...
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Lucid Expands Saudi Plant with 7-8 New Buildings Under Construction
Written by Cláudio Afonso | LinkedIn | X Electric vehicle (EV) maker Lucid Motors is expanding its plant in Saudi Arabia, the first one outside the United States. Currently, the AMP-2 facility is...
View ArticleMizuho Raises Rivian Price Target, Citing “Better Balance Sheet”
Written by Cláudio Afonso | LinkedIn | X Mizuho analyst Vijay Rakesh has raised the firm’s price target on Rivian shares from $11.00 to $15.00 while maintaining a Neutral rating on the stock. The...
View Article$2.3 Million Lotus Evija X Crashes at Goodwood Festival of Speed [Video]
Written by Cláudio Afonso | LinkedIn | X The Goodwood Festival of Speed kicked off on Thursday but not in a perfect way… at least for Lotus. The Lotus Evija X, a 2,011 hp hypercar priced at about $2.3...
View ArticleBenchmark Raises EVgo Price Target by 66% to $5
Written by Cláudio Afonso | LinkedIn | X Benchmark analyst Mickey Legg has raised the price target on the EV charging company EVgo by 66.6% to $5.00, up from the previous target of $3.00, while...
View ArticleFaraday Future Strikes $4.9M Lease Deal as it Re-Starts Deliveries
Written by Cláudio Afonso | LinkedIn | X Faraday Future announced Friday its entry into a $4.9 million lease financing arrangement with Utica Leaseco, according to the SEC filing. The agreement aims to...
View ArticleChinese EV Makers Offer Italian Production Sites Amid EU Tariffs
Written by Cláudio Afonso | LinkedIn | X As the provisional tariffs from the European Commission start to impact sales, EV makers are hiking — or admitting that they will hike — prices of its...
View ArticleLucid: Citi Analyst Attributes 25% Stock Rally to Improved EV Sentiment
Written by Cláudio Afonso | LinkedIn | X The stock price of the electric vehicle (EV) maker Lucid Motors soared 25 percent on Friday closing at $4.25, the highest closing price since late December...
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