Tuesday Ticker: Fisker pauses production, aims to raise US$150 million in funds; while Ont. Premier teases ‘banner year’ for auto industry
Toronto, Ontario — In this weekly economics report, Fisker announces its plan to pause EV production amid bankruptcy rumours and other financial decisions from the company, while Ontario Premier Doug Ford teases a “banner year” for the industry, thanks to jobs in the EV supply chain. Fisker’s finances Electric vehicle maker Fisker is pausing EV […]
Tuesday Ticker: VinFast’s massive valuation; Rivian raises production forecast
Toronto, Ontario — This week’s Tuesday Ticker covers VinFast’s valuation increase and Rivian’s decision to up production guidances for 2023. Viva la VinFast VinFast went public on the Nasdaq last week, with a whopping US$85 billion valuation—almost twice that of General Motors or Ford, the two largest automakers in the U.S. The Vietnamese EV maker […]
Tuesday Ticker: Tesla shares up 102 percent year-to-date; Lucid seeks $3b through stock offering
Toronto, Ontario — This weekly Tuesday Ticker has its eyes on electric, with updates on Tesla’s current win streak and a lens on Lucid’s recent round of funding. Tesla up nearly ten percent Tesla stock is up nearly ten percent over the last five days, despite a voluntary safety recall on certain Model Y vehicles. […]
