Tag Archives: Electric

Ask Ford CEO and resident car super fan Jim Farley who he sees as his biggest competitors in the electric vehicle race, the answer isn’t fierce hometown rival General Motors.  In fact, Farley won’t say specifically the Model T creator has worthy competitors in EVs. Rather, Farley acknowledges “admiring” two EV players in particular.  “Well, the companies that I think about that I admire because of their commitment — and frankly, the hard work they did to earn their reputation — are… Source link

Ford CEO Jim Farley is keen on seeing President Joe Biden’s stalled Build Back Better bill passed in an effort to boost electric vehicle adoption in the United States. “It’s mission critical for the EV industry,” Farley said on Yahoo Finance Live.  As it stands now, the Build Back Better (BBB) bill would offer credits of up to $12,500 for consumers if they purchase an electric vehicle. The bill would also aid in the development of more public charging stations.  Both aspects of the bill are… Source link

Ford CEO Jim Farley is seeing impressive early demand for the company’s new electric vehicles, the E-Transit (van) and F-150 Lightning. “We have over 10,000 orders already from a lot of different customers [for the E-Transit]. I think we just got over 1,000 orders from Walmart. So, the demand is very high,” Farley told Yahoo Finance. “The E-Transit is strategically very important for the company because of our dominant position.” The company’s E-Transit vans will begin arriving to customers… Source link

Ford (F) shares closed at their highest level in 21 years after the automaker announced it would nearly double production capacity to meet demand for its upcoming F-150 Lightning electric pickup truck.  Ford’s stock gained 12% and was the No. 1 trending ticker on Yahoo Finance during the trading session on Tuesday. The Dearborn, Michigan, based company has surpassed GM (GM) and Rivian (RIVN) in market capitalization as it pushes further into the EV space.  “It’s very exciting to announce… Source link

The Biden administration is pushing hard to promote electric vehicles (EVs). From a $7.5 billion provision in the ‘Build Back Better’ bill to expand and increase charging station networks to political pressure on automakers to commit to increased production with the goal of converting 40% of car sales to EVs by the end of this decade, it’s clear that under Biden, the government has the will to enforce a major shift in the automotive industry. For investors, this type of political… Source link

It was a big day for Polestar in New York City today at the company’s investor day, where it unveiled a number of new initiatives. First and foremost, the company unveiled its 3-year business plan, in which the pure-play electric-vehicle (EV) maker is going to have 5 current and future models out in the global market by 2024. The exclusive Polestar 1 plug-in hybrid and Polestar 2 EV are already out, but Polestar also confirmed the Precept concept will now be called the Polestar 5, a… Source link

An electric car is charged at a roadside EV charge point, London, October 19, 2021. REUTERS/Toby Melville Just when it looked like it was smooth sailing for stocks, fears of inflation and the new Omicron variant took hold. A handful of stocks continued to drive the major North American stock benchmarks; banks and energy in Canada and big tech in the United States. But Yahoo Finance Canada readers were less interested in the stalwarts and more interested in emerging technology. Here are the top… Source link

It seems among the investor community, all everyone talks about are the EV (electric vehicle) stocks – and only the big ones at that – Tesla (TSLA), Rivian (RIVN), and Lucid (LCID). One EV company that’s been flying under the radar, that is until it had big news at this year’s Los Angeles Auto show is Fisker Inc (FSR). Fisker, founded and run by legendary automotive designer Henrik Fisker, unveiled the production version of its Ocean EV SUV.  Overall it’s a competitive package, penned by… Source link

Amid electric car frenzy, Warren Buffett scores 3,000% gains with this overlooked EV maker Warren Buffett isn’t known for chasing hype, but that doesn’t mean he’s missing out on the current EV boom. Rivian Automotive, which debuted on Nasdaq a week ago at $78 per share, now trades at nearly $150. Lucid Group, which went public through a SPAC deal this summer, surged 77% over the past month. Then there’s Tesla, which despite its recent pullback, is up a whopping 148% over the past… Source link

For a certain sector of the economy the past week has been electric. Item 1: Tesla (TSLA) CEO Elon Musk polls his Twitter followers if he should sell his Tesla shares. They say yes. TSLA tanks on the news and Musk loses $50 billion. Then Musk sells 5.2 million shares or $5.8 billion of stock (as of Friday.) Tesla shares rally. Musk is still the richest man in the world. Item 2: On Tuesday, electric truck maker Rivian goes public. Its stock soars 29% in the biggest IPO since the company… Source link