Rivian Automotive Inc
Raw material costs for electric vehicles have doubled during the pandemic
Workers inspect a Rivian R1T electric vehicle (EV) pickup truck on the assembly line at the company’s manufacturing facility in Normal, Illinois, US., on Monday, April 11, 2022. Jamie Kelter Davis | Bloomberg | Getty Images Raw material costs for electric vehicles more than doubled during the coronavirus pandemic, according to a new report Wednesday […]
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GM is raising the price of its electric Hummer starting this weekend
GMC Hummer EV Edition 1 Michael Wayland | CNBC GM said Friday that it is increasing the price of its electric Hummer by $6,250, effective Saturday. The company blamed higher prices for parts, technology and logistics. All reservations placed before Saturday are exempt from the increase, the company said. The Hummer EV pickup truck currently […]
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Cramer’s lightning round: Matterport is not a buy
Matterport Inc: “The stock loses money, and we’re not recommending any stocks … that are losing money.” Veru Inc: “We caught a big move. How about we just leave it at that.” Cintas Corp: “I think [the Biden Administration] wants to be pro-business but doesn’t know how. So I can not be behind Cintas at […]
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Volkswagen is ‘actively’ looking to build new electric vehicle and battery facilities in the U.S., exec says
Scott Keogh, VW, in San Francisco, California, Sept. 18, 2018. David Paul Morris | Bloomberg | Getty Images CHATTANOOGA, Tenn. – Volkswagen is “actively” looking to establish new assembly and battery facilities in the U.S., Volkswagen of America CEO Scott Keogh told CNBC on Wednesday. Keogh declined to discuss potential locations for such operations. The […]
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D.A. Davidson sees more downside for Rivian shares as EV maker tries to ramp up production
The production ramp-up for Rivian is too uncertain for investors to back the company, according to investment firm D.A. Davidson. Analyst Michael Shlisky initiated coverage of the electric vehicle stock with an underperform rating, saying in a note to clients on Wednesday evening that there is too much execution risk for new auto companies in […]
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GM slashes prices of Chevy Bolt electric vehicles despite rising commodity costs
2022 BOLT EUV Source: Chevrolet DETROIT – Despite rising commodity costs, General Motors on Wednesday slashed the price of its 2023 Chevrolet Bolt EV, likely making it the least expensive electric vehicle on sale in the U.S. The Detroit automaker cut the cost of the Bolt EV to a starting price of $26,595, down $5,900 […]
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Here are Tuesday’s biggest analyst calls of the day: Tesla, Dish, Nio, Zoom, Rivian, Imax & more
Here are Tuesday’s biggest calls on Wall Street: Mizuho reiterates Tesla as buy Mizuho said in a note Tuesday that China lockdowns remain a production headwind for Tesla , but that a rebound could happen later this year. “Gigafactory Shanghai Partial Lockdown a Near-Term Headwind, Though Potentially Stronger SepQ/DecQ Rebound. … That said, we believe […]
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Electric vehicles are in short supply. Here’s what you can find as gas prices soar
Charging port for a Ford Motor Co. Mustang during the Washington Auto Show in Washington, D.C., on Friday, Jan. 21, 2022. Al Drago | Bloomberg | Getty Images As gas prices hit record highs, some Americans might be tempted to go electric and ease the pain at the pump. But finding a shiny, new electric vehicle […]
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Automakers are jacking up prices on electric vehicles to bake in rising materials costs
Tesla’s Model 3 at the Tesla store in Washington, D.C. Salwan Georges | The Washington Post | Getty Images Automakers from Tesla to Rivian to Cadillac are hiking prices on their electric vehicles amid changing market conditions and rising commodity costs, specifically for key materials needed for EV batteries. Battery prices have been declining for […]
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Here are some hedge funds that foresaw the tech fallout. And some that didn’t
This year’s tech-driven carnage in the stock market is carving out hedge fund winners from losers — showing up in diverging fortunes that haven’t been seen in years. Hedge funds that rode the tech wave up are getting crushed on the way down, especially those that doubled down on 2022’s biggest laggards in the first […]
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