Tesla Motors,Inc (NASDAQ: TSLA), (RIVN) – EV Week In Review: Elon Musk Makes Good On His Doge Promise, Hyzon Subpoenaed By SEC, Fisker Teases Supercar, Rivian Warns And More

Tesla Motors, Inc. (NASDAQ:TSLA), (RIVN) - EV Week In Review: Elon Musk Makes Good On His Doge Promise, Hyzon Subpoenaed By SEC, Fisker Teases Supercar, Rivian Warns And More


EV stocks meandered to a blended close in the week ending Jan 14 amidst combined news circulation and the more comprehensive market’s directionless trading. EV leader Tesla Inc ( NASDAQ: TSLA) discovered more than one factor to stay in the spotlight, while the week saw another EV SPAC bogged down in debate.

Here are the essential occasions that took place in the EV area throughout the week:

Tesla’s Standout China Numbers, Dogecoin Payment, Cybertruck Delay And More: Tesla’s worldwide fourth-quarter shipments reported onJan 2 did not define numbers based upon locations. It took a little over a week for financiers to get a peek at how the business fared in China, among its essential markets.

Data launched by the China Passenger Car Association revealed that Tesla’s China wholesale sales increased about 100% year-over-year to 70,847 systems, with all however 245 systems offered in your area.

It likewise emerged that Tesla may not be beginning production of its much-hyped and much-awaited Cybertruck in 2022. The business got rid of the referral to the 2022 production start date from the Cybertruck page.

Tesla lastly started accepting Dogecoin ( CRYPTO: DOGE) as a payment alternative for a few of its product today. Items acquired utilizing the dog-themed crypto, nevertheless, can not be returned, cancelled or exchanged, the business stated.

Products such as the “Cyberwhistle” and “Cyberquad for Kids” might be gotten utilizing the cryptocurrency, the business included.

Hyzon On SEC Radar: Hyzon Motors,Inc ( NASDAQ: HYZN) divulged today the SEC sent out a subpoena over claims made by brief seller Blue Orca Capital in September.

The maker of hydrogen fuel-cell energy cars stated its 2021 shipments will be a little above expectations, however margins and earnings will materially route expectations due to item mix and multiyear earnings acknowledgment for most of sales.

Related Link: Tesla Analyst Hikes Price Target, Says The Company Can ‘Make All Other EV Names Obsolete’

Fisker Fleetingly Teases Supercar: Fisker,Inc ( NYSE: FSR) CEO Henrik Fisker teased a Supercar design in a blink-and-miss tweet, captioning the image as “supersecret.” The business is presently established an all-electric SUV called Ocean, which is arranged for launch in the fourth-quarter of 2022, disallowing any production missteps.

Rivian FY21 Production Falls Short: Rivian Automotive,Inc ( NASDAQ: RIVN) revealed that it produced 1,015 cars in 2021 and provided 920 systems. This tracked the business’s 2021 target of 1,200 systems.

Volkswagen’s Global Sales Double: German tradition vehicle giant Volkswagen AG ( OTC: VWAGY) stated its worldwide EV sales leapt to 263,000 systems, up about 98% year-over-year. A bulk of the cars were ID.4 EVs, the business stated. The German business’s China efficiency, nevertheless, was substandard. The business offered about 70,000 ID-series EVs in China in 2021, listed below its target of 80,000-100,000 systems.

EV Stock Performances for The Week:

Related Link: Ford Can’t Compete With Tesla Despite Doubling F-150 Lightning Production: Analyst

© 2022Benzinga com. Benzinga does not supply financial investment suggestions. All rights scheduled.


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